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RAILWAY COMPANIES ACT 1867 - SECT 14

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.

© 1867 Crown Copyright

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