Section 13 Power to dispose of undertaking

The Company may sell, lease, charge or otherwise dispose of, on such terms and conditions as it thinks fit, the whole or any part of the undertaking, and in that event the purchaser, lessee, chargee or other transferee, as the case may be, shall have and may exercise, to the extent authorised by his conveyance, lease, charge or instrument of transfer, all or any of the powers in respect of the undertaking conferred upon the Company by or under any enactment, subject to all the restrictions, liabilities and obligations in respect thereof to which the Company is subject, and shall to that extent perform all the duties of the Company under such enactments.