GOVERNMENT RAILWAYS ACT 1904 - SECT 63B
GOVERNMENT RAILWAYS ACT 1904 - SECT 63B
63B . Lease of railway land to Co-operative Bulk Handling Ltd.
(1) The Authority may,
with the approval of the Governor, let on lease any railway land, and any
buildings, workshops or other structures on the land, to Co-operative Bulk
Handling Limited for purposes connected with its grain storage and handling
business.
(2) A lease may be
granted under subsection (1) for a period not exceeding 99 years on such terms
and conditions as the Authority thinks fit.
(3) Without limiting
subsection (2), a lease under subsection (1) may make provision for
Co-operative Bulk Handling Limited to have an option to purchase all or part
of the land the subject of the lease.
(4) Land may only be
let on lease under subsection (1) if it is not required for railway purposes.
[Section 63B inserted: No. 33 of 1998 s. 4;
amended: No. 31 of 2003 s. 139(1).]