 | |
| |
CHAPTER III |
| |
LONDON REGIONAL TRANSPORT |
| Powers of disposal. |
149. In section 9 of the London Regional Transport Act 1984 (powers of disposal) at the end there shall be added-
|
| |
 |
"(8) In this section-
|
| |
"disposal" means disposal- |
| |
(a) by way of sale, exchange or lease,
|
| |
(b) by way of the grant of any option or the creation of any easement, right or privilege, or
|
| |
(c) in any other manner, except by way of appropriation or mortgage,
|
| |
and "dispose of" shall be construed accordingly; |
| |
"lease" includes an underlease and an agreement for a lease or underlease, but does not include an option to take a lease or a mortgage." |
|
| Power to give guarantees. |
150. - (1) Section 17 of the London Regional Transport Act 1984 (power of London Regional Transport to give financial assistance to subsidiaries and other bodies or persons) shall be amended as follows.
|
| |
(2) After subsection (3) there shall be inserted-
|
| |
|
"(3A) London Regional Transport may enter into arrangements with another person under which that person gives a guarantee which London Regional Transport has power to give under this section.
|
| |
(3B) Where London Regional Transport enters into arrangements by virtue of subsection (3A) above, the arrangements may provide for London Regional Transport to indemnify the person who gives the guarantee."
|
|
