This legislation has been repealed.
(1) All debentures
issued and inscribed stock created and sold, whether original or not, shall
rank pari passu in point of charge without any preference or priority one over
another.
(2) Debentures may be
issued by the Port Authority with or without interest coupons attached.
(3) Inscribed stock
created and sold by the Port Authority shall be called the “Dampier Port
Authority Inscribed Stock”.
(4) Part A of Schedule
II applies to and in relation to debentures and inscribed stock.
(5) Part B of Schedule
II applies to and in relation to debentures.
(6) Part C of Schedule
II applies to and in relation to inscribed stock.