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Article 12 Trustees to be harbour authority for Peterhead Bay Harbour

Original text. Later amendments are not shown.

On and from the end of the transfer date–

(a)

all the trade (including the assets and liabilities) of the Bay Authority shall be transferred to, and become an integral part of the consequently enlarged trade of, the Trustees;

(b)

the Trustees shall become the harbour authority for Peterhead Bay Harbour within the meaning of the Harbours Act 1964; and

(c)

the harbours of Peterhead and the Peterhead Bay Harbour shall be known collectively as the “Port of Peterhead”.