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RAILWAYS ACT (NORTHERN IRELAND) 1934 - SECT 1

1.(1) A railway company shall have power, and shall be deemed always to have
had power, to sell, lease, grant in fee farm, exchange, mortgage or otherwise
dispose of any land, vested in the company or hereafter acquired by the
company under the powers of any enactment, which is not at the time of such
sale or other disposition being used for the purposes of the company's
undertaking, whether or not such land has been previously so used, or to
retain, hold and use such land.

(2) On any sale or other disposition by a railway company under this section
the other party thereto shall not be concerned or entitled to enquire whether
or not the land is or is not being used for the purposes of the company's
undertaking.

(3) Sections one hundred and twenty-seven to one hundred and thirty-one of the
Lands Clauses Consolidation Act, 1845, shall not apply to any land vested in a
railway company or hereafter acquired by a railway company under the powers of
any enactment.

(4) The purchase money arising from sales of land under this section shall be
applied only to purposes to which capital is properly applicable.

© 1934 Crown Copyright

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