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Dunham Bridge (Amendment) Act 1994

1994 CHAPTER viii

ARRANGEMENT OF SECTIONS

Go to Preamble

  1. Part I

    Preliminary

    1. 1. Short title.

    2. 2. Interpretation.

  2. Part II

    Constitution of Company

    1. 3. Company to continue.

    2. 4. Incorporation of enactments.

    3. 5. Share capital.

    4. 6. Loan capital and borrowing powers.

    5. 7. Purchase of own shares.

    6. 8. Power to reduce capital.

    7. 9. Investment powers.

    8. 10. General powers of Company.

    9. 11. Debenture stock.

    10. 12. Redeemable stock.

    11. 13. Interim dividends.

    12. 14. Incidents of new capital.

    13. 15. Application of premiums.

    14. 16. Priority of mortgages and debenture stock.

    15. 17. Appointment of receiver.

    16. 18. Receipt in case of persons not sui juris.

    17. 19. Company not bound to regard trusts.

    18. 20. Joint holders.

    19. 21. Missing shareholders.

    20. 22. Indemnity before issue of substituted certificates, etc.

    21. 23. Register of transfers.

    22. 24. Closing of transfer books.

    23. 25. Register of shareholders and shareholders' address book.

    24. 26. Substitution of card index for shareholders' address book.

    25. 27. Ordinary meetings.

    26. 28. Quorum for general meetings.

    27. 29. Extraordinary meetings.

    28. 30. Notice of meetings.

    29. 31. Notices, etc., to shareholders abroad.

    30. 32. Voting rights.

    31. 33. Proof of majority of votes only required when poll demanded.

    32. 34. Voting at general meetings.

    33. 35. Appointment of proxies.

    34. 36. Number of directors.

    35. 37. Powers of directors.

    36. 38. Quorum of meeting of directors.

    37. 39. Appointment of managing director.

    38. 40. Power of directors to determine remuneration of secretary.

    39. 41. Vacation of office of director.

    40. 42. Directors holding office under or contracting with Company.

    41. 43. Alteration of constitution of Company.

  3. Part III

    Lands

    1. 44. Vesting of parish land and exchange land.

    2. 45. Extended toll plaza to form part of Dunham Bridge.

  4. Part IV

    Tolls, etc.

    1. 46. Tolls.

    2. 47. Modification of Transport Charges &c. (Miscellaneous Provisions) Act 1954.

    3. 48. Toll booths.

    4. 49. Toll collectors

  5. Part V

    Transfer of undertaking, etc.

    1. 50. Formation of registered company.

    2. 51. Transfer of undertaking.

    3. 52. Receipt of shares in Company.

    4. 53. Dissolution of Company.

    5. 54. Final accounts of Company.

    6. 55. Books, etc., to remain evidence.

    7. 56. Saving of agreements, etc.

    8. 57. Pending actions not to abate.

    9. 58. Repeals for the purpose of Part V.

  6. Part VI

    Miscellaneous and general

    1. 59. Stopping up, etc., of Dunham Bridge: discontinuance of undertaking.

    2. 60. Amendment of section 2 of Act of 1830.

    3. 61. Repeals and consequential amendments.

    4. 62. Costs of Act.

  7. Schedules

    1. Schedule 1

      Missing Shareholders.

    2. Schedule 2

      —Level of tolls.

    3. Schedule 3

      1. Part I

        —Repeals.

      2. Part II

        —Consequential amendments.

An Act to provide for the amendment of the existing constitution of the Dunham Bridge Company; to authorise the eventual dissolution of the Company and the vesting of its undertaking in a company registered under the [1985 c. 6.] Companies Act 1985; to provide for the vesting of further land in the Company and for the vesting of exchange land; to provide for new works constructed on the land so vested in the Company and on other land acquired by them to form part of the undertaking; to prescribe the level of tolls recoverable from users of Dunham Bridge and to modify the [1954 c. 64.] Transport Charges &c. (Miscellaneous Provisions) Act 1954 in its application to the undertaking; to amend or repeal certain of the local statutory provisions applicable to the undertaking; and for related purposes.

[5th July 1994]

WHEREAS—

(1)

By an [1830 c. lxvi.] Act passed in the eleventh year of the reign of His late Majesty King George IV intituled “An Act for building a Bridge over the River Trent, from Dunham, in the County of Nottingham, to the opposite Shore, in the County of Lincoln” (hereinafter called “the Act of 1830”) the Dunham Bridge Company (hereinafter called “the Company”) were incorporated and authorised to construct the said bridge (hereinafter called “Dunham Bridge”) and to levy tolls for passage thereover:

(2)

The share capital of the Company is now £14,250:

(3)

Dunham Bridge continues to serve the needs of an increasing volume of traffic and since the constitution of the Company as embodied in the Act of 1830 hinders the effective management of the undertaking it is expedient that the existing constitution of the Company be amended by the incorporation of provisions of the [1845 c. 16.] Companies Clauses Consolidation Act 1845 and the [1863 c. 118.] Companies Clauses Act 1863 and other provisions, that provision be made, if the Company should so resolve, for the Company to be dissolved and their undertaking transferred to a company registered under the [1985 c. 6.] Companies Act 1985 and that provisions in the Act of 1830 should be repealed:

(4)

For the convenience of traffic using Dunham Bridge it is expedient that the Company should provide on the east side of the bridge a site for improved toll collection facilities and that these facilities when constructed should form part of the undertaking:

(5)

Part of the land so required is in unknown ownership and registered as common under the [1965 c. 64.] Commons Registration Act 1965 and it is expedient to provide for the vesting of that land free from existing rights and for the provision of exchange land:

(6)

The cost of maintaining and eventually replacing Dunham Bridge continues to increase and it is therefore expedient that, notwithstanding the provisions of the [1861 c. 70.] Locomotive Act 1861 (which have the effect of imposing inappropriate limits on the levels of toll which can be imposed at Dunham Bridge), the tolls recoverable in respect of traffic using Dunham Bridge may be up to the amounts allowed by the Act of 1830:

(7)

It is expedient that the other provisions of this Act be enacted:

(8)

The objects of this Act cannot be attained without the authority of Parliament:

(9)

A plan showing the lands which are to be vested under the authority of this Act and the exchange land, and a book of reference to that plan containing the names of the occupiers and (so far as ascertainable) the owners of those lands, has been deposited in the office of the Clerk of the Parliaments and in the Private Bill Office of the House of Commons and with the Chief Executive of Lincolnshire County Council, which plan is in this Act referred to as “the deposited plan”:

May it therefore please Your Majesty that it may be enacted, and be it enacted, by the Queen’s most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—