IE-2012-49 Transport (Córas Iompair Éireann and Subsidiary Companies Borrowings) Act 2012 IE

Current to 2012-12-26

Contents
s. 1 — Borrowing powers of Board.

(a) charging all or part of the money raised or borrowed and any related financial obligation, including interest, on all property, of whatever kind, being the assets for the time being of the Board or its subsidiaries, or on any particular property, and

(b) establishing the priority of such charges among themselves,

(a) the provision of moneys for meeting any expenses incurred in connection with any permanent work the cost of which is properly chargeable to capital;

(b) the redemption of any transport stock;

(c) the acquisition of any other transport undertaking;

(d) any other purpose for which capital moneys areproperly applicable.

s. 2 — Borrowing by company.

(a) charging all or part of the money raised or borrowed and any related financial obligation, including interest, on all property, of whatever kind, being the assets for the time being of the company, or on any particular property, and

(b) establishing the priority of such charges among themselves,

s. 3 — Repeals.
s. 4 — Amendment of Schedule 2 to Ministers and Secretaries (Amendment) Act 2011.
s. 5 — Short title.