C-14 - Railway Act

Section 183 Disposition versions

1977-12-31

183. (1)  The sequestrator must be sworn before the judge or prothonotary to well and faithfully administer the property of which he is appointed depositary.

(2)  He shall be put in possession by a bailiff who shall draw up a statement containing a description of the property sequestrated.

(3)  This statement must be signed by the bailiff, and also by the sequestrator.

(4)  The sequestrator may, at any time, be replaced, on the application of the Minister of Transport, by following the same formalities as for his appointment.

(5)  He shall take possession of the road and of all the rolling-stock, and, under the direction of the Minister of Transport, shall execute and continue the work of the road at the expense and in the name of the company; maintain the road and rolling-stock in good repair, and renew the whole or any portion of such rolling-stock that may become deteriorated or disabled; execute, in the same manner, the contracts and acquittances, receipts and other documents, and, generally, perform all acts necessary for the construction, maintenance, administration, operating, and working of the railway, until the company, person or persons in default, or another company lawfully substituted to the former, resumes and continues, bona fide , the fulfilment of the obligations of the company, person or persons in default.

(6)  He may, under the direction of the Minister of Transport, take out and defend any suits on behalf of the company.

R. S. 1964, c. 290, s. 200; 1972, c. 55, s. 115.