Docks and Harbours Act 1966
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Change 1
37 Power of harbour authorities to acquire a harbour business or shares in a harbour business.
(1) Subject to the provisions of this section, a harbour authority, not being one of the Boards, may acquire by agreement any business or undertaking which consists wholly or mainly of the carrying out of activities relating to harbours or of the provision, maintenance or operation of any such depot as is mentioned in the last foregoing section, or so much of any business or undertaking as consists of the carrying out of activities relating to harbours or of the provision, maintenance or operation of any such depot. (2) Subject as aforesaid, a harbour authority, not being one of the Boards, may subscribe for or acquire any securities of a body corporate which is wholly or mainly engaged or which it is proposed should become wholly or mainly engaged in carrying out activities relating to harbours or in providing, maintaining or operating any such depot. (2A) Nothing in subsection (2) above shall be construed as authorising a harbour authority to delegate to another body any function that it could not delegate apart from that subsection. (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4) In this section “securities”, in relation to a body corporate, means any shares, stock, debentures, debenture stock, and any other security of a like nature, of the body corporate.
37 Power of harbour authorities to acquire a harbour business or shares in a harbour business.
(1) Subject to the provisions of this section, a harbour authority, not being one of the Boards, may acquire by agreement any business or undertaking which consists wholly or mainly of the carrying out of activities relating to harbours or of the provision, maintenance or operation of any such depot as is mentioned in the last foregoing section, or so much of any business or undertaking as consists of the carrying out of activities relating to harbours or of the provision, maintenance or operation of any such depot. (2) Subject as aforesaid, a harbour authority, not being one of the Boards, may subscribe for or acquire any securities of a body corporate which is wholly or mainly engaged or which it is proposed should become wholly or mainly engaged in carrying out activities relating to harbours or in providing, maintaining or operating any such depot. (2A) Nothing in subsection (2) above shall be construed as authorising a harbour authority to delegate to another body any function that it could not delegate apart from that subsection. (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4) In this section “securities”, in relation to a body corporate, means any shares, stock, debentures, debenture stock, and any other security of a like nature, of the body corporate.
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