C-14 - Railway Act

Section 134 Disposition versions

1977-12-31

134. The tolls and fares to be levied by any electric railway company shall, as nearly as possible, be so fixed and regulated that, after paying working expenses, the balance of the annual receipts shall not exceed ten per cent on the total amount actually paid on the capital stock of the company; and, if in any year the gross receipts from tolls and fares and from all other sources arising from the working, operating or carrying on of the railway and works and business authorized to be worked, operated or carried on by the company by this act or in the charter, shall be such that, deducting therefrom the working expenses, there shall remain an amount exceeding ten per cent of the total amount theretofore actually paid on the capital stock of the company, then all such excess shall be placed to the credit of a special account to be called the “surplus tolls account”.

R. S. 1964, c. 290, s. 151.