Railway Companies Act, 1867

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Assent by leasing company, when company preparing scheme are lessees of a railway.

14. Where the company are lessees of a railway, the scheme shall be deemed to be assented to by the leasing company when it is assented to as follows :

In writing by three fourths in value of the holders of mortgages, bonds, and debenture stock of the leasing company :

If there is only one class of guaranteed or preference shareholders of the leasing company, then in writing by three fourths in value of that class; and if there are more classes of guaranteed or preference shareholders in the leasing company than one, then in writing by three fourths in value of each such class :

By the ordinary shareholders of the leasing company at an extraordinary general meeting of that company specially called for that purpose.