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21 1944


Chapter II.

Incorporation of Córas Iompair Éireann, dissolution of the Great Southern Railways Company and the Dublin United Transport Company, Limited, and transfer of undertakings of dissolved companies to the Company.

Incorporation of the Company.

9. —(1) The several persons who on the establishment date become, by virtue of this Part,' the registered holders of substituted common stock and their executors, administrators and assigns shall be and are hereby united into a company and shall be and are hereby incorporated by the name of Córas Iompair Éireann and by that name shall be a body corporate with perpetual succession and a common seal with power to purchase, take, hold and dispose of lands and other property for the purposes of the Company.

(2) This section shall come into operation on the establishment date.

Purposes of the Company.

10. —(1) The purposes of the Company shall be—

(a) to operate transport services,

(b) to carry on any ancillary or supplementary business, including the manufacture, repair and maintenance, for itself or any other person, of transport vehicles (including engines) and parts and equipment thereof.

(2) The Company may, with the sanction of the Minister, by agreement acquire, by purchase or by the exchange of stock of the Company the whole or any part of any transport undertaking carried on by any other person and the property and assets used in or in connection with such undertaking.

(3) Any person carrying on a transport undertaking may, notwithstanding any enactment, sell, with the consent of the Minister, the whole or any part of, or share in, that undertaking to the Company.

(4) The Company may—

(a) carry on any hotel which was, immediately before the establishment date, carried on by a dissolved company;

(b) carry on a hotel in the vicinity of the route of any of its transport services and for that purpose acquire any interest in land and (if necessary) erect buildings thereon;

(c) do all such things in relation to its hotels as might be done by an individual;

(d) dispose of any of its hotels and of any interest in any land held by it in connection with its hotels.

(5) In this section—

the word “hotel” includes a restaurant, refreshment rooms and similar undertakings;

the expression a “transport services” means transport services by railway, tramway, inland navigation, sea, air or road;

the expression “transport undertaking” means any undertaking operating any public transport service.

Dissolution of dissolved companies.

11. —(1) On the establishment date the dissolved railway company and the dissolved transport company respectively shall, subject to the provisions set out in the Second Schedule to this Act, be, by virtue of this section, dissolved.

(2) The provisions set out in the Second Schedule to this Act shall apply in respect of the dissolved companies and the Company.

Transfer to the Company of undertakings of the dissolved companies.

12. —On the establishment date the several undertakings of each dissolved company shall, by virtue of this section, be transferred to, and vest in, and become the undertakings of the Company.