Bill 32 (Legislature 11, Session 3)

L11 S3 7060

Alberta — Bills

Bill No. 32 of 1950. A BILL TO AMEND THE CO-OPERATIVE MARKETING ASSOCIATIONS GUARANTEE ACT NOTE. This Bill amends The Co-operative Marketing Associa tions Gua1 n antee Act, being

chapter of the Revised Statutes of Alberta,

Section 2 (la) of the above Act provides that the Lieut enant Governor in Council may from time to time author ize the Provincial Treasurer to guarantee on behalf of the Province the due payment of any sum borrowed by any association incorporated under The Co-.operative Associa tions Act, 1.946, having as its principal object the supplying of electrical energy or power to its members for the purpose of acquiring, constructing, maintaining, operating and ad ministering works neces8ary for the transmission and distri bution of electrical energy, together with interest thereon and may authorize the Provincial Treasurer on behalf of the Province to execute any instrument for that purpose, the total amount of the liability of the Province as guarantor under this subsection not to exceed the sum of one million dollars.

The effect of the amendment is to increase this nlaxi mum by one million dollars to two million dollars. KENNETH A. McKENZIE, Acting Legislative Counsel. (This note does not f01 fl 1n any part of the Bill but is ofJered in explanation of its provisions.) BILL No. 32 of

An Act to amend The Co-operative Marketing Associations Guarantee Act. (Assented to , 1950.) HIS MAJESTY, by and with the advice and ~onsent of the Legislative Assembly of the Province of Alberta, enacts as follows: 1. The Co-operative Marketing Associations Guarantee Act, being

chapter of the Revised Statutes of Alberta, 1942, is hereby 'amended as to

section 2, subsection (1a), clause (

d) by striking out the word "one" and by suh&titut ing the word "two". 2. This Act shall come into force on the first day of July, 1950. No. 32 FIRST SESSION TWELfTH LEGISLATURE 14 '"GEORGE VI 19'50 BILL Ari. Act to. amend The Co-operative Marketing Associations Guarantee Act. Received and read the First time ..................................... ,. Second time .................... , .. Third time. HON. DR. ROBINSON. Title: 1950 (11th, 3rd) Bill 32,

An Act to amend The Co-operative Marketing Associations Guarantee Act

Document details

Collection	Alberta — Bills
Citation	L11 S3 7060
Type	bill
Volume / chapter	L11 S3 7060
Language	en
Format	json
Source	PROVINCIAL
Identifier	28e41e9e9c7de4567eebd502dcaf3bb3f296cf75

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