# Statutory Water Companies Act 1991 (repealed) 1991 c. 58 · enacted 25 July 1991 · revised to 26 May 2015 An Act to consolidate certain enactments relating to statutory water companies. PDFs: Printed copy https://openlegislation.uk/statutory-water-companies-act-1991-repealed/pdf/ukpga_19910058_en.pdf ## Introductory text . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part I: Powers of Statutory Water Companies ### General powers ## 1 General powers of companies holding appointments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Powers to issue redeemable stock ## 2 Powers to issue redeemable stock. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 3 Terms and conditions of issue and redemption of redeemable stock. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Relaxation of restrictions affecting raising of capital ## 4 Relaxation of limits on capital, borrowing and dividends. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 5 Appeals to the court in respect of applications under section 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 6 Relaxation of restrictions on payment of interest. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 7 Relaxation of restrictions on applications of profits. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 8 Relaxation of restrictions on mode of sale of shares or stock. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Arrangements and reconstructions ## 9 Arrangements and reconstructions by certain companies. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Power to appoint officers as directors ## 10 Power to appoint officers as directors. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part II: Conversion of Statutory Water Companies ## 11 Registration of statutory water companies under the Companies Act 2006. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 12 Adoption of articles of association. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 13 Review by High Court of resolution substituting articles of association. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 14 Power to amend local statutory provisions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part III: Supplemental ## 15 General interpretation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 16 Information provisions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 17 Short title, commencement and extent. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Table of Derivations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . --- Source: https://www.legislation.gov.uk/ukpga/1991/58 (the official version) Page: https://openlegislation.uk/statutory-water-companies-act-1991-repealed Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.