7 (1) The railways and branch lines heretofore constructed by the Commission and all other works constructed and used in connection therewith, and any other railways, branches and other works constructed by the Commission under the authority of this Act, are vested in the Commission for the purposes herein set forth.  R.S.O. 1990, c. O.32, s. 7 (1). Powers of Commission (2) Subject to the approval and direction of the Minister, the Commission may, (a) construct, equip, maintain and operate a line or lines of railway from the present northern terminal of the railway to some point on James Bay or the vicinity thereof; (b) construct, complete, equip, maintain and operate such spurs and branches from any of the lines of railway of the Commission as may be considered necessary, not exceeding twenty miles in length in any one place, and may exercise the like powers with respect to such spurs and branches as it has exercised and may exercise with respect to any such lines; (c) construct, complete, equip, maintain and operate telephone and telegraph lines and with respect thereto has and shall exercise all the powers that may be exercised by a railway company under The Railways Act, being chapter 331 of the Revised Statutes of Ontario, 1950, or by any general Act of the Legislature affecting railways for the time being in force, or by a telephone or telegraph company incorporated under the general laws of Ontario; (d) purchase or otherwise acquire motor vehicles and trailers as defined by the Highway Traffic Act, aircraft and lines of buses, coaches, trucks and aircraft, and may operate, maintain, control and manage such vehicles, trailers, aircraft and lines for the purpose of carrying on, upon the highway and elsewhere, the business of a public carrier of passengers and freight; (e) purchase or otherwise acquire, construct, complete, equip, maintain and operate hotels, tourist resorts, restaurants, boats and vessels and lines of boats and vessels; (f) purchase or otherwise acquire, construct, complete, equip, maintain or operate such undertakings and provide such services in that part of Ontario that is served by the Commission, as the Commission may consider to be for the benefit of travellers therein or residents thereof; (g) make financial contributions to or for undertakings or services that are maintained or provided in that part of Ontario which is served by the Commission for the benefit of travellers therein or residents thereof.  R.S.O. 1990, c. O.32, s. 7 (2); 2020, c. 36, Sched. 36, s. 5. Power to cease undertakings and services (3) With the approval of the Lieutenant Governor in Council, the Commission may discontinue any of the undertakings or cease to provide any of the services that it is authorized or required by this Act to engage in or provide.  2001, c. 23, s. 174. Same (4) If the Commission discontinues an undertaking or ceases to provide a service under this Act, the Commission may transfer any of its assets and liabilities relating to that undertaking or service to another person with the approval of the Lieutenant Governor in Council.  2001, c. 23, s. 174. Section Amendments with date in force (d/m/y) 2001, c. 23, s. 174
- 05/12/2001 2020, c. 36, Sched. 36, s. 5 - 08/12/2020