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Uimhir 20 de 1969
ACHT NA nAERCHUIDEACHTAÍ (LEASÚ), 1969
[An tiontú oifigiúil.]
Mínithe.
1.—San Acht seo—
ciallaíonn “Acht 1966” Acht na nAerchuideachtaí, 1966;
ciallaíonn “Aerlínte” Aerlínte Éireann, Teoranta.
Cumhacht an Aire Airgeadais chun tuilleadh scaireanna a fháil in Aerlinte.
2.—I dteannta na scaireanna atá aige in Aerlínte de bhua alt 2 d'Acht 1966, féadfaidh an tAire Airgeadais suibscríobh le haghaidh tuilleadh scaireanna (d'aon aicme) de chuid Aerlínte go feadh méid nach mó ná deich milliún punt.
Suimeanna breise capitial a íoc le Aerlínte.
3.—(1) Féadfaidh an tAire Airgeadais, ar mholadh an Aire Iompair agus Cumhachta, cibé suimeanna, nach mó ná cúig mhilliún punt, a íoc le Aerlínte a theastóidh ó Aerlínte chun íoc as caiteachas arna thabhú ag Aerlínte agus is inmhuirir go cuí i leith caipitil.
(2) Na suimeanna a íocfar le Aerlínte faoin alt seo is ar cibé téarmaí maidir le hús agus ábhair eile a chinnfidh an tAire Airgeadais ó am go ham a íocfar iad ach ní bheidh siad inaisíoctha.
Airgead a sholáthar le haghaidh íocaíochtaí faoin Acht as an bPríomh-Chiste.
4.—(1) Íocfar as an bPríomh-Chiste nó as a thoradh fáis an t-airgead go léir a bheidh ag teastáil ó am go ham ón Aire Airgeadais faoi chomhair suimeanna a bheidh iníoctha aige faoin Acht seo.
(2) Chun soláthar a dhéanamh le haghaidh airgead a íoc as a bPríomh-Chiste faoin alt seo, féadfaidh an tAire Airgeadais aon airgead is gá chun na críche sin a fháil ar iasacht ar urrús a Phríomh-Chiste nó a thoradh fáis, agus féadfaidh sé, chun críoch na hiasachta sin, urrúis a bhunú agus a eisiúint agus iad faoi réir cibé ráta úis agus faoi réir cibé coinníollacha i dtaobh aisíoca, fuascailte nó eile is oiriúnach leis, agus íocfaidh sé isteach sa Státchiste a t-airgead go léir a gheofar ar iasacht amhlaidh.
(3) Is ar an bPríomh-Chiste nó ar a thoradh fáis a bheidh muirea agus íoc príomhshuime agus úis na n-urrús go léir a eiseofar faoi alt seo agus aon chaiteachais a thabhófar i ndáil leis na hurrúis sin a eisiúint.
Meabhrán agus airteagail chomhlachais Aerlínte a athrú.
5.—Déanfaidh Aerlínte cibé bearta is gá faoi Acht na gCuideachtaí , 1963, chun a mheabhrán agus a airteagail chomhlachais a athrú chun iad a bheith de réir an Achta sin.
Leasú ar alt 5 d'Acht 1966.
6.—Leasaítear leis seo alt 5 d'Acht 1966—
(a) tríd an méid seo a leanas a chur isteach i ndiaidh fho-alt (1)—
“(1) (A) Ní dhéanfaidh an tAire Airgeadais n cumhachtaí a thugtar dó le fo-alt (1) den alt seo a fheidhmiú ar shlí gur mó ná caoga milliún punt a méid comhiomlán príomhshuime a dhlífidh sé ao tráth áirithe a íoc i leith ráthaíochtaí faoin bhfo-alt sin (1) a bheidh i bhfeidhm de thuras na huaire maid le hairgead a bheidh faighte ar iasacht ag Aer Lingus agus ag Aerlínte (mar aon leis an méid príomhshuime (más ann) a bheidh íoctha roimhe sin ag an Aire Airgeadais ar scór aon ráthaíochtaí den sórt sin ag an Aire nach mbeidh aisíoctha).”,
(b) trí “i bhfo-alt (1) (A)” a chur in ionad “i bhfo-ailt (2) agus (3)” i bhfo-alt (10) (a),
(c) trí “i bhfo-alt (1) (A) agus” a chur isteach i ndiaid “d'airgead” i bhfo-alt (10) (b), agus
(d) trí fho-ailt (2) agus (3) a scriosadh.
Alt 4 d'Acht 1966 a aisghairm.
7.—Aisghairtear leis seo alt 4 d'Acht 1966.
Gearrtheideal agus comhlua.
8.—(1) Féadfar Acht na nAerchuideachtaí (Leasú), 1969, a ghairm den Acht seo.
(2) Féadfar Achtanna na nAerchuideachtaí, 1966 go 1969, a ghairm d'Achtanna na nAerchuideachtaí, 1966 agus 1967, agus den Acht seo le chéile.
Number 20 of 1969
AIR COMPANIES (AMENDMENT) ACT, 1969
ARRANGEMENT OF SECTIONS
Acts Referred to | |
1966, No. 4. | |
1963, No. 33. | |
Number 20 of 1969
AIR COMPANIES (AMENDMENT) ACT, 1969
Definitions.
1.—In this Act—
“the Act of 1966” means the Air Companies Act, 1966;
“Aerlínte” means Aerlínte Éireann, Teoranta.
Power of Minister for Finance to acquire further shares in Aerlínte.
2.—In addition to the shares held by him in Aerlínte by virtue of section 2 of the Act of 1966, the Minister for Finance may subscribe for further shares (of any class) of Aerlínte to an amount not exceeding ten million pounds.
Further capital payments to Aerlínte.
3.—(1) The Minister for Finance may, on the recommendation of the Minister for Transport and Power, pay to Aerlínte such sums, not exceeding five million pounds, as Aerlínte may require for the purpose of defraying expenditure incurred by Aerlínte which is properly chargeable to capital.
(2) The sums paid to Aerlínte under this section shall be on such terms as to interest and other matters as may from time to time be determined by the Minister for Finance but shall not be repayable.
Provision of moneys for payments under the Act out of the Central Fund.
4.—(1) All moneys from time to time required by the Minister for Finance to meet sums which may become payable by him under this Act shall be paid out of the Central Fund or the growing produce thereof.
(2) The Minister for Finance may, for the purpose of providing for the payment of moneys out of the Central Fund under this section, borrow on the security of the Central Fund or the growing produce thereof any moneys required for that purpose, and for the purposes of such borrowing, he may create and issue securities bearing such rate of interest and subject to such conditions as to repayment, redemption or otherwise as he thinks fit, and shall pay all moneys so borrowed into the Exchequer.
(3) The principal of and interest on all securities issued under this section and the expenses incurred in connection with the issue of such securities shall be charged on and payable out of the Central Fund or the growing produce thereof.
Alteration of memorandum and articles of association of Aerlínte.
5.—Aerlínte shall take such steps as may be necessary under the Companies Act, 1963, to alter its memorandum and articles of association to make them consistent with this Act.
Amendment of section 5 of Act of 1966.
6.—Section 5 of the Act of 1966 is hereby amended—
(a) by the insertion after subsection (1) of the following—
“(1) (A) The Minister for Finance shall not so exercise the powers conferred on him by subsection (1) of this section that the aggregate amount of principal which he may at any time be liable to pay in respect of guarantees under the said subsection (1) for the time being in force in relation to moneys borrowed by Aer Lingus and Aerlínte (together with the amount of principal, if any, which the Minister for Finance has previously paid on foot of any such guarantees and has not been repaid) exceeds fifty million pounds.”,
(b) by the substitution in subsection (10) (a) of “subsection (1) (A)” for “subsections (2) and (3)”,
(c) by the insertion in subsection (10) (b) after “in” of “subsection (1) (A) and”, and
(d) by the deletion of subsections (2) and (3).
Repeal of section 4 of Act of 1966.
7.—Section 4 of the Act of 1966 is hereby repealed.
Short title and collective citation.
8.—(1) This Act may be cited as the Air Companies (Amendment) Act, 1969.
(2) The Air Companies Acts, 1966 and 1967, and this Act may be cited together as the Air Companies Acts, 1966 to 1969.