INLAND NAVIGATION ACT (NORTHERN IRELAND) 1954

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INLAND NAVIGATION ACT (NORTHERN IRELAND) 1954 - SECT 1



1.(1) The Ministry of Commerce (in this Act referred to as "the Ministry") is
hereby authorised and empowered to enter into and give effect to the following
agreements:

(a)an agreement with the Lagan Navigation Company (in this Act referred to as
"the Lagan Agreement") in the terms of the draft agreement set out in the
first part of the First Schedule to this Act; and

(b)an agreement with the Upper Bann Navigation Trustees and the councils of
the counties of Armagh, Down and Tyrone (in this Act referred to as"the Upper
Bann Agreement") in the terms of the draft agreement set out in the second
part of the First Schedule to this Act;

(2) Subject to the provisions of section ten of this Act, the Lagan Agreement
shall operate, without further assurance, to convey, assign and transfer to
the Ministry on the date of the execution thereof all the property thereby
agreed to be sold, being the undertaking particularly described in the Annex
to the draft Agreement set out in the first part of the First Schedule to
this Act (in this Act referred to as "the Lagan Navigation"); and, subject to
the provisions of section ten of this Act, the Upper Bann Agreement shall
operate, without further assurance, to convey, assign and transfer to the
Ministry on the date of the execution thereof all the property thereby agreed
to be sold, being the undertaking particularly described in the Annex to the
draft Agreement set out in the second part of the said Schedule (in this Act
referred to as "the Upper Bann Navigation"). ....

(3) The date of execution of each of the respective Agreements is in this Act,
in relation to the undertaking which is the subject thereof respectively,
referred to as "the vesting date".

Subs.(4) rep. by SLR 1980

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Northern Irish Legislation

INLAND NAVIGATION ACT (NORTHERN IRELAND) 1954 - SECT 1