Forestry Act, 1988

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Number 26 of 1988


FORESTRY ACT, 1988


ARRANGEMENT OF SECTIONS

PART I

Preliminary and General

Section

1.

Short title, collective citation and construction.

2.

Interpretation.

3.

Laying of orders before Houses of Oireachtas.

4.

Expenses.

5.

Repeals.

6.

Amendment of provisions of Forestry Act, 1946.

7.

Penalties.

8.

Proceedings.

PART II

Establishment and Administration

9.

Formation of company.

10.

Name and capital formation of company.

11.

Form of memorandum of association.

12.

Objects of the company.

13.

General duty of the company.

14.

Acquisition and sale of land and sale of timber.

15.

Articles of association.

16.

Restriction on alteration of memorandum or articles of association.

17.

Issue of shares to Minister for Finance in consideration of transfer of property.

18.

Issue of share to Minister.

19.

Issue of shares to subscribers to memorandum of association of company.

20.

Exercise of powers by Minister for Finance in respect of shares.

21.

Transfer or sale by Minister for Finance of shares.

22.

Obligation of certain shareholders to hold shares in trust.

23.

Payment of dividends, etc. into Exchequer.

24.

Power to borrow.

25.

Guaranteeing by Minister for Finance of borrowings.

26.

Financing of capital works.

27.

Provision of working capital for company.

28.

Provision of money for payments out of Central Fund.

29.

Grants for current expenditure.

30.

Accounts and audits.

31.

Annual report and furnishing of information to Minister.

32.

Disclosure by directors of certain interests.

33.

Prohibition on unauthorised disclosure of information.

34.

Membership of either House of Oireachtas or European Parliament.

35.

Chief Executive.

36.

Staff of company.

37.

Bye-laws.

38.

General Ministerial powers.

PART III

Transitional Provisions

39.

Transfer of land.

40.

Transfer of other property.

41.

Transfer of rights and liabilities.

42.

Exemption from stamp duty.

43.

Provisions applicable to staff transferred to company.

44.

Superannuation.

45.

Power of Commissioners of Public Works to undertake work.

46.

Charge of rates on property of company.

47.

Liability for loss occurring before vesting day.

48.

Continuance of pending legal proceedings.

49.

Enforcement of judgments.

50.

Continuance of certain notices, certificates, declarations and bonds.

51.

Continuance of licences and permissions granted by the Minister.

52.

Continuance of planning consultations.

53.

Transitional financial provisions.

FIRST SCHEDULE

Repeal of Enactments

SECOND SCHEDULE

Amendment of Provisions of Forestry Act, 1946


Acts Referred to

Companies Act, 1963

1963, No. 33

Companies Acts, 1963 to 1986

European Assembly Elections Act, 1977

1977, No. 30

European Assembly Elections Act, 1984

1984, No. 6

Finance Act, 1895

58 & 59 Vict. c. 16

Foreshore Act, 1933

1933, No. 12

Forestry Act, 1946

1946, No. 13

Forestry Acts, 1946 to 1976

Holidays (Employees) Act, 1973

1973, No. 25

Local Government (Planning and Development) Acts, 1963 to 1983

Minimum Notice and Terms of Employment Acts, 1973 and 1984

Petty Sessions (Ireland) Act, 1851

14 & 15 Vict. c. 93

Redundancy Payments Acts, 1967 to 1984

State Property Act, 1954

1954, No. 25

Superannuation Acts, 1834 to 1963

Superannuation and Pensions Act, 1976

1976, No. 22

Unfair Dismissals Act, 1977

1977, No. 10

Wildlife Act, 1976

1976, No. 39

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Number 26 of 1988


FORESTRY ACT, 1988


AN ACT TO MAKE PROVISION FOR THE DEVELOPMENT OF FORESTRY AND TO PROVIDE FOR THE ESTABLISHMENT OF A COMPANY FOR THAT PURPOSE AND FOR THE ASSIGNMENT TO THE COMPANY OF FUNCTIONS HERETOFORE EXERCISED BY THE MINISTER FOR ENERGY; AND TO PROVIDE FOR RELATED MATTERS. [13th July, 1988]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS: