Bill 32 (Legislature 5, Session 5)

L5 S5 9973

Alberta — Bills

A BILL RESPECTING THE ALBERTA AND GREAT WATERWAYS RAILWAY COMPANY. NOTE. This Bill provides for an advance to the Alberta and Great Waterways Railway Company of $130,000.00 for the purpose of maintenance, upkeep and equipment of the rail way. WALTER S. SCOTT, Legislative Counsel. (This note does not form any pa'rt of the Hill and is offered merely as a partial explanation of some of its 1J't'ovisions.) BILL No. of 1925.

An Act respecting The Alberta and Great Waterways Railway Company. (Assented to ,1925.) WHEREAS the shares of the issued capital of the Alberta and Great Waterways Railway Company (hereinafter called "the company") are lawfully and completely vested in the Minister of Railways and Telephones or his nominees; And whereas it is estimated that it will be necessary to advance to the company the sum of one hundred and thirty thousand dollars to defray the cost of maintenance, upkeep and equipment of the railway of the company; Now, therefore, His Majesty, by and wi~h the advice and consent of the Legislative Assembly of the Province of Alberta, enacts as follows: 1.

The Lieutenant Governor in Council may raise by way of loan the sum of one hundred and thirty thousand dollars and may, without any further or other appropriation than is contained in this section, make advances to the company up to such sum as and whenever the same may be required for the purpose of defraying the cost of maintenance, upkeep and equipment of the railway of the company. ~. Notwithstanding any other statutory provision, the company shall have power to borrow and give security for al}Y sums lent to it under the provisions of this Act. 3.

The Lieutenant Governor in Council .may lend all moneys hereinbefore provided for at such time or times, at such rate of interest, upon such security and upon such other terms not inconsistent with this Act as he may determine. 4. This Act shall come into force on the day it is assented to. No. FIFTH SESSION FIFTH LEGISLATURE GEORGE V BILL

An Act respecting The Alberta and Great Waterways Railway Company. Received and read the First time .................... . Second time .................. . Third time ................... . EDMONTON: J. W. JEFFERY, KING'S PRINTER A.D,1925 Title: 1925 (5th, 5th) Bill 32,

An Act respecting The Alberta and Great Waterways Railway Company

Document details

Collection	Alberta — Bills
Citation	L5 S5 9973
Type	bill
Volume / chapter	L5 S5 9973
Language	en
Format	json
Source	PROVINCIAL
Identifier	0eff10adb1f685e3454025fd76379731cceae6b7

Source file is stored in the law ingest library (json).