1. If the charter of any railway company, or any amendment thereto, vests in such company the power to carry on undertakings other than those connected with the building of its railway system, none of such other undertakings may be carried out after 19 March 1921 (date of the coming into force of chapter 84 of the statutes of 1921), if such company have, before 19 March 1921, exconnected with the said building, and if the delays allowed by section 163 of this Act have expired.
Nevertheless, if any railway company have, before 19 March 1921, exercised one or more powers, other than those connected with the building of its railway, without having conformed to the provisions of the said section 163 of this Act, as to the building or completion of the said road, it shall preserve its corporate existence with respect to the exercise of the said powers, notwithstanding the provisions of the said section 163.
No railway company which, either under its charter or under any amendment thereto, has obtained the right to enter upon lands in the public domain for the purpose of making thereupon any dike, dam, building or other work, in order to dam, confine, raise, lower, retain or regulate the water, may, since 19 March 1921, exercise any such right, unless the exercise thereof has begun before the said date; and, in the latter case, the company may not exercise any right other than those it has begun to exercise before the said date.
R. S. 1964, c. 290, s. 1; 1987, c. 23, s. 76.