Bill 226 — Fourth Session, 18Th Legislature, 27 Elizabeth Ii the Legislative Assembly of Alhl:Liiiia Bill 226 An Act To Amend the Alberta Energy Company Act (Legislature 18, Session 4)

L18 S4 4411

Alberta — Bills

1978 BILL 226 Fourth Session, 18th Legislature, 27 Elizabeth II THE LEGISLATIVE ASSEMBLY OF ALHl:lIIiiA BILL 226

AN ACT TO AMEND THE ALBERTA ENERGY COMPANY ACT MR. CLARK First Reading _____________________________________ -, __ Second Readmg _________________________ ~ ____________ _ Committee of the Whole __________________ ~~---:--------- Third Reading ________________________________________ _ Royal Assent _________________________________________ _ Printed by the Queen's Printer for the Province of Alberta, EDMONTON

Bill 226 Mr. Clark BILL 226 1978

AN ACT TO AMEND THE ALBERTA ENERGY COMPANY ACT (Assented to J 1978) HER MAJES,TY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows: 1. The Alberta Energy Company Act is amended by this Act.

Section 35 (

b) is repealed. 3. The following

section is added after

section 35: 35.1. (1) ,In every year that the first session of the Legislature commences prior to the ~irst day of April, the Minister shall, within 15 days 'Of the commencement of the first session of the Legislature, move a resolution in the Legis}ative Assembly which shall (

a) propose a person or peI1sons to be nominated to hold the proxies 'Of The voting rights 'On all voting shares in the Company heltd by the Government, at the annual meeting of The Company, and (

b) pl1op'Ose directions to be given to ,the person or persons nominated as to the manner rin whkh the voting rights shall be exercised (i) 'On every matter as to which the Government has received notice as 'a shareholder as a matter pro posed to be voted IOn at the annual meeting, and (n.) 'as to :any -shaifeholder's resolution which the G'Overn ment intends to propose at the annual meeting.

(2) The Company shall not hlOld its annual meeting until (

a) such time as the Legislative A>ssembly has dealt with any resoluti'On moved pursuant to subsection (1), or

Explanatory Notes I. This Bill will Amend

chapter 6 of the Statutes of Alberta, 1974. 2. Amends

section 35; removes power to make regulations as to exercise of voting rights. 3. Adds

section 35.1; provides for a resolution of the Legislative Assembly on exercise of voting rights.

(

b) the first day of May, whichever shall £irst occur.

(3) In any year that the first session of the Legislature com mences on or after the first day of April or a resolution moved pursuant to subsection (1) is not dealt with prior to the annual meeting, the proxies shall be exeroised by the Minister in person. 4. This Act comes into force on the day upon which it is assented to. 2 Title: 1978 (18th, 4th) Bill 226,

An Act to Amend the Alberta Energy Company Act

Document details

Collection	Alberta — Bills
Citation	L18 S4 4411
Type	bill
Volume / chapter	L18 S4 4411
Language	en
Format	json
Source	PROVINCIAL
Identifier	1f853292d50a4d93f834f35330431b05b20eae63

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