GAS (AMENDMENT) ACT, 1987

Type Act
Publication 1987-07-09
Last updated 2021-04-16
State In force superseded text
Text As published
articles 8

This is the act as published. Later amendments are not folded into the text below: each one is a separate act in this repository and an entry in this law's history.

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AN ACT TO AMEND AND EXTEND THE GAS ACTS, 1976 TO 1982. [9th July, 1987]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:

1 Definitions.

1.—In this Act—

“the Company” means the Dublin Gas Company;

“functions” includes powers, duties, rights and obligations and references to the performance of functions include, as respects powers, duties, rights and obligations, references to the exercise of the powers and rights and the carrying out of the duties and obligations;

“the Principal Act” means the Gas Act, 1976.

2 Conferral on Board of additional functions in relation to supply, transmission, distribution and sale etc., of gas.

2.—(1) The Minister may by order confer on the Board—

3 Amendment of section 8 of Principal Act.

3.—Section 8 of the Principal Act is hereby amended by the substitution of the following subsection for subsection (7):

  • “(7) The Board shall not export gas or construct a pipeline, except pursuant to and in accordance with a consent given by the Minister under this subsection with the concurrence of the Minister for Finance and the Minister shall, if he thinks fit, with the concurrence of the Minister for Finance, when giving such a consent, attach conditions to the consent and, in addition to the foregoing, where the consent relates to the export of gas, the consent shall be given only after consultation with the Minister for Industry and Commerce.”.

4 Amendment of section 18 of Principal Act.

4.—(1) Section 18 of the Principal Act is hereby amended by the insertion after subsection (7) of the following subsection:

  • “(7A) in this section—

‘officers and servants of the Board’ and ‘officer or servant of the Board’ include persons who are, or were at any time, officers or servants of the Dublin Gas Company, a company that is, or was at any time, a subsidiary (within the meaning of the Companies Act, 1963) of the Dublin Gas Company or a company whose assets are acquired at any time by the Board;

‘on retirement or death’ includes in respect of retirement or death and ‘on the resignation, retirement or death’ includes in respect of the resignation, retirement or death.”.

5 Amendment of section 23 of Principal Act.

5.—Section 23 of the Principal Act is hereby amended by the substitution in subsection (2) of “£170,000,000” for “£80,000,000” (inserted by the Gas (Amendment) Act, 1982) and that subsection, as so amended, is set out in the Table to this subsection:

TABLE

  • “(2) The aggregate at any one time either of the borrowings under this section, or of such borrowings and any advances under section 22 of this Act, which have not been repaid, shall not exceed £170,000,000.”.

6 Amendment of First Schedule to Principal Act.

6.—(1) The First Schedule to the Principal Act is hereby amended by the substitution of the following Article for Article 2:

“2. The Board shall consist of a chairman and such number of other members, not being more than 8, as the Minister, with the consent of the Minister for Finance may determine.”.

7 Redemption by Company of its debenture stock.

7.—The Company may redeem and cancel any debenture stock issued by it before the passing of this Act and such redemption maybe effected by the sending by prepaid ordinary post by the Company to each holder of any such stock, at the address of such holder specified in the register of holders of the stock kept by the company, of the amount specified in the certificate of his holding issued by the Company together with any interest thereon at the rate specified in the certificate accrued up to the date of such sending and not previously paid and, upon such sending, the stock shall cease to be a charge on the assets of the Company.

8 Short title, construction and collective citation.

8.—(1) This Act may be cited as the Gas (Amendment) Act, 1987.

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