Bill 33 — First Session, 16Th Legislature, 171 Elizt(Befli' Ii the Legislative Assembly of Alberta Bill 33 An Act To Amend the Rural Electrification Revolving Fund Act (Legislature 16, Session 1)

L16 S1 4484

Alberta — Bills

1968 Bill First Session, 16th Legislature, 171 Elizt(befli' II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL

An Act to amend The Rural Electrification Revolving Fund Act THE MINISTER OF INDUSTRY AND DEVELOPMENT First Reading ............................................................. . Second Reading ........................................................ . Third Reading ........................................................... . Printed by L. S. WaU, Queen's Printer, Edmonton BILL

An Act to amend The Rural Electrication Revolving Fund Act (Assented to ,196$) I-IER MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of Alberta, enacts as follows: 1. The Rural Electrification Revolving Fund Act is hereby amended. 2.

Section is amended by striking out subsection (5) and by substituting the following:

(5) Notwithstanding anything in any other Act, a lien filed pursuant to this Act in respect of land or an interest in land continues to be an encumbrance against that land registered in the name of a subsequent owner until the total indebtedness, including interest, in respect of which the lien was registered, has been repaid in full. 3. This Act comes into force on the day upon which it is assented to. E.xplanatory Notes I. This Bill amends

chapter of the Revised Statutes of Alberta. 2. Subsection (5) ,of

section 1'7 presently reads:

(5) Notwithstanding the provisions of The Tax Recovery Act, or The Irrigation Districts Act, as the case may be, a lien filed in respect of land or an interest in land under this Act continues to be an encum brance against that land registered in the name of a subsequent owner or owners to the same extent as if proceedings had not been taken under The Tax Recovery Act or The Irrigation Districts Act, as the case may be. This amendment makes it clear that land encumbered pursuant to this Act remains so 'even in the hands of subsequent owners, until the debt is discharged. Title: 1968 (16th, 1st) Bill 33,

An Act to amend The Rural Electrification Revolving Fund Act

Document details

Collection	Alberta — Bills
Citation	L16 S1 4484
Type	bill
Volume / chapter	L16 S1 4484
Language	en
Format	json
Source	PROVINCIAL
Identifier	1e1d42be123fb480058ca2eaab3007cda05c1966

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