5.—(1) The Town Council may sell, lease or sub-lease to the Society any additional land required for or incidental to the purposes of Railway No. 1, on such terms and conditions as may be agreed between the Town Council and the Society.
(2) The Board may grant to the Society a licence to occupy and use any land required in connection with the construction of Railway No. 2 or any part of it on such terms and conditions as may be agreed between the Board and the Society.
(3) The Board and the Society may enter into and carry into effect agreements as to the responsibility for construction and maintenance of accommodation works in respect of Railway No. 2 on such terms and conditions as may be agreed between the Board and the Society.