Page:Mass Transit Railway Ordinance (Cap. 556).pdf/5

MASS TRANSIT RAILWAY ORDINANCE

HONG KONG SPECIAL ADMINISTRATIVE REGION

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An Ordinance to provide for—
 * (a) the granting of a franchise to the MTR Corporation Limited, a company incorporated under the Companies Ordinance (Cap. 32), to operate the Mass Transit Railway and to construct and operate any extension to the railway;
 * (b) the regulation of the operation of the Mass Transit Railway under the franchise, including all aspects of safety on the railway;
 * (c) the repeal of the Mass Transit Railway Corporation Ordinance (Cap. 270), the dissolution of the Mass Transit Railway Corporation incorporated under that Ordinance and the vesting of the property, rights and liabilities of the Mass Transit Railway Corporation in the MTR Corporation Limited;
 * (d) matters relating to the incorporation of the MTR Corporation Limited, the allotment of shares of the company and the application of various enactments in relation to the company,

and for connected purposes. [] Enacted by the Legislative Council. PART I '''1. Short title and commencement'''

(1) This Ordinance may be cited as the Mass Transit Railway Ordinance.

(2) This Ordinance shall come into operation on a day to be appointed by the Secretary for Transport by notice in the Gazette.