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RAILWAY COMPANIES SECURITIES ACT - SECT 15

Penalty on company, if declaration omitted, &c.

15. If after the expiration of the time specified in the last preceding
section any railway company deliver any such mortgage deed, bond, or
certificate without such a declaration being first put thereon and signed as
aforesaid, they shall be deemed guilty of an offence against this Act, and
shall for every such offence be liable, on summary conviction, to a penalty
not exceeding twenty pounds; and if any director or officer of any
railway company knowingly authorizes or permits the delivery of any such
mortgage deed, bond, or certificate without such a declaration being first put
thereon and signed as aforesaid, every such person shall be deemed guilty of
an offence against this Act.

© 2001 Crown Copyright

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