Dublin Transport Authority (Dissolution) Act, 1987

Preservation of certain continuing contracts and adaptation of references to Authority in certain documents.

4.—(1) Every bond, guarantee or other security of a continuing nature made or given by or on behalf of the Authority to any person or given by any person to and accepted by or on behalf of the Authority and every contract or agreement in writing made between the Authority and any other person (other than a member of the staff of the Authority) and in force but not fully executed and completed immediately before the commencement of this Act shall continue in force on and after such commencement and shall be construed and have effect as if the name of the Minister were substituted therein for that of the Authority and shall be enforceable by or against the Minister.

(2) References to the Authority contained immediately before the commencement of this Act in the memorandum and articles of association of any company (within the meaning of the Companies Act, 1963 ), shall, on and after such commencement, be construed as references to the Minister.

(3) Every scheme made by the Authority under paragraph 17 of the Schedule to the Act of 1986 and approved of by the Minister after consultation with the Minister for the Environment and with the consent of the Minister for Finance and in force immediately before the commencement of this Act shall, notwithstanding section 13 of this Act, continue in force, and may be amended or revoked by a scheme made by the Minister under this section, with the like approval, consultation and consent as aforesaid and references in any such scheme in force before such commencement to the Authority shall be construed as references to the Minister and section 3 of this Act shall apply accordingly to it.