Railway (Sales and Leases) Act, 1845

RAILWAY (SALES AND LEASES) ACT 1845

CHAPTER XCVI.

An Act to restrict the Powers of selling or leasing Railways contained in certain Acts of Parliament relating to such Railways. [4th August 1845.]

[Preamble.]

No railway company to grant or accept a sale, lease, or other transfer of any railway, unless under a distinct provision of Act specifying the parties.

[1.] It shall not be lawful for the company of proprietors of any railway, by virtue of any powers contained in any Act passed in the present session, to make or grant, or for any other railway company or party, by virtue of any such powers, to accept, a sale, lease, or other transfer of any railway, unless under the authority of a distinct provision in some Act of Parliament to that effect, specifying by name the railway to be so leased, sold, or transferred, and the company or party by specifying whom such lease, sale, or transfer may be respectively made, granted, or accepted.