Railways Act, 1924

Power of trustees to invest in securities of amalgamated company.

11.—For the purposes of the provisions of the Trustee Act, 1893 , relating to the securities in which trustees are authorised to invest trust funds, the amalgamated company shall be treated as if it were a railway company in Saorstát Eireann incorporated by special Act of Parliament and had, in each of the ten years immediately before the date of amalgamation, paid a dividend at the rate of not less than three per centum per annum on its ordinary stock.