Shannon Free Airport Development Company Limited (Amendment) Act, 1974
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No. 21/1974: SHANNON FREE AIRPORT DEVELOPMENT COMPANY LIMITED (AMENDMENT) ACT, 1974 |
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ARRANGEMENT OF SECTIONS |
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3 Amendment of section 8 of the Principal Act and section 2 of the Act of 1970. |
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AN ACT TO AMEND AND EXTEND THE SHANNON FREE AIRPORT DEVELOPMENT COMPANY LIMITED ACTS, 1959 TO 1970. |
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[16th July, 1974] |
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BE IT ENACTED BY MAE OIREACHTAS AS FOLLOWS: |
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| Interpretation. |
1.—(1) In this Act— |
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"the Act of 1970" means tie Shannon Free Airport Development Company limited (Amendment) Act, 1970 ; |
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"the Company" means me Shannon Free Airport Development Company Limited; |
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"the Principal Act" means the Shannon Free Airport Development Company Limited Act, 1959 . |
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(2) The Shannon Free Airport Development Company Limited Acts, 1959 to 1970 and this Act shall to be construed as one. |
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| Amendment of section 2 of the Principal Act. |
2.—So much of section 2 of the Principal Act (as amended by section 8 of the Act of 1970) as provides that the aggregate of the amounts which the Minister for Finance may subscribe under that section in taking up shares of the Company shall not exceed seventeen million pounds is hereby repealed and, in lieu thereof, it is hereby enacted that the aggregate of the amounts so subscribed shall not exceed twenty-five million pounds. |
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| Amendment of section 8 of the Principal Act and section 2 of the Act of 1970. |
3.—Section 9 of the Act of 1970 is hereby repealed and, in lieu thereof, it is hereby enacted that the aggregate amount of grants to be made to the Company under section 8 of the Principal Act and section 2 of the Act of 1970 stall not exceed seventeen million pounds. |
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| Advances to the Company by Minster for Finance. |
4.—Section 10 of the Act of 1970 is hereby repealed and, in lieu thereof, it is hereby enacted that the aggregate amount of advances under section 4 (1) of the Shannon Free Airport Development Company Limited (Amendment) Act, 1963 , and advances under section 4 of the Shannon Free Airport Development Company Limited (Amendment) Act, 1961 , shall not exceed seventeen million pounds. |
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| Short title and collective citation. |
5.—(1) This Act may be cited as the Shannon Free Airport Development Company Limited (Amendment) Act, 1974 . |
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(2) The Shannon Free Airport Development Company Limited Acts, 1959 by 1970 and this Act may be cited under as the Shannon Free Airport Development Company Limited Acts, 1959 to 1974. |
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