Water Industry (Vesting Day) (Dissolution of Water and Sewerage Authority and Nomination of Successor Company) Order

6 CAP. 222] Water Industry CHAPTER222 WATER INDUSTRY (VESTING DAY) (DISSOLUTION OF WATER AND SEWERAGE AUTHORITY AND NOMINATION OF SUCCESSOR COMP ANY) ORDER ARRANGEMENT OF PARAGRAPHS 1. Short title. 2. Vesting day. 3. Dissolution of Water and Sewerage Authority. 4. Nomination of Successor Company. 5. Vesting of the assets and liabilities of W ASA in the Successor Company. 6. Employees. THE SUBSIDIARY LAWS OF BELIZE [ Printed b.y the Governm.ent Printer,] No. I Power Lane, REVISED EDITION 2003 Belmopan, by the authority of the Government of Belize. Water Industry [CAP. 222 7 CHAPTER222 WATER INDUSTRY (VESTING DAY) (DISSOLUTION OF WATER 440£2001. ANlJ SJi:WJi:HAGI!.: AUlHOKlTY ANlJ NOlVUNATlON OJ:<' Act 1 of 2001. 1. SUCCESSOR COMP ANY) ORDER (Sections 85 and 86) [24th March, 2001.] This Order may be cited as the WATER INDUSTRY (VESTING DAY) (DISSOLUTION OF WATER AND SEWERAGE AUTHORITY AND NOMINATION OF SUCCESSOR COMP ANY) ORDER. 2. The "vesting day" for the purposes of sections 85 and 86 of the Water lndustry Act phe Act") shall be the 23 rd day of March, 2001. 3. On the said vesting day, the Water and Sewerage Authority shall stand dissolved. 4. HJi:LlU W ATJ!.:K SEK V l CJi:S LliVUTJi:lJ, a company limited by shares and fom1ed and registered under the Companies Act of Belize, is hereby nominated as the Successor Company for the purposes of the said Act. 5. Section 85 of the Act shall have effect with regard to the vesting of the assets and liabilities of the Water and Sewerage Authority in the BELIZE WAl'Ji:K SEKV lCES LlNUTElJ in accordance with the provisions contained in the said section. Short title. Vesting day. Dissolution of Water and Sewerage Authority. Nomination of Successor Company. CAP. 250. Vesting of the assets and liabilities of WASAin the Successor Company. THE SUBSIDIARY LAWS OF BELIZE [ Printed by the Government Printer,] No. I Power Lane, REVISED EDITION 2003 Belmopan, by the authority of the Government of Belize. 8 Employees. CAP. 222] Water Industry 6. On the vesting day, every officer, clerk or servant employed by the Water and Sewerage Authority immediately before the close of business on the preceding day shall become an officer, clerk or servant (as the case may be) of the BELIZE WATER SERVICES LIMITED on terms and conditions not less favorable than those on which he or she was employed immediately before the close of business on the preceding day ( including any accrued pension rights), and such employment with the Water and Sewerage Authority and the Belize Water Services Limited respectively shall be deemed for all purposes to be a single continuing employment, save that no director, secretary or auditor of the Water and Sewerage Authority shall, by virtue of this provision, become a director, secretary or auditor ( as the case may be) of the Belize Water Services Limited. MADE by the Minister responsible for Water and Sewerage this 23rd day of March, 2001. (MAXWELL SAMUELS) Minister of Public Utilities, Energy, Communications and Immigration, Minister responsible for Water and Sewerage THE SUBSIDIARY LAWS OF BELIZE [ Printed b.y the Governm.ent Printer,] No. I Power Lane, REVISED EDITION 2003 Belmopan, by the authority of the Government of Belize.