Bill 79 (Legislature 5, Session 5)

L5 S5 10011

Alberta — Bills

BILL No. 79 OF 1925. A BILL TO PROVIDE AID TO CERTAIN DRAINAGE DISTRICTS. NOTE. This Bill is to provide aid to certain drainage districts named therein. Aid is given under the provisions of the Bill by the assumption on the part of the Government of all indebted ness under a part of the debenture issue of each district, all of which issues were guaranteed by the Government under the provisions of The Drainage Dist1'ict Debenture Guarantee Act, 1921. WALTER S. SCOTT, Legislative Counsel. (This note does not form any pa1't of the Bill and is offe·red mm'ely as a partial explanation of some of its pro'visions.)

BILL No. 79 of 1925.

An Act to Provide Aid to certain Drainage Districts. (Assented to , 192.').) 'WHEREAS the Government of the Province of Alberta, in view of complaints from certain drainage districts that the drainage rates are greater than the land,s can bear owing to the fact that the cost of the drainage works has been greater and the benefits derivable therefrom have been less than expected, has caused an independent examination and report to be made with respect to conditions in all the drainage districts in the Province; And

whereas the said report recommends that certain relief be granted; And

whereas under the recited circumstances it appears desirable and in the public interest to give aid as herein after set out; Therefore His Majesty, by and with the advice and con sent of the Legislative Assembly of the Province, enacts as follows: 1. This Act may be cited as "The Aid to Drainage Dis tricts Act, 1925." 2. The provisions of this Act shall apply to debentures of the drainage districts named in the

schedule to this Act, which debentures have been guaranteed by the Province under provisions of The Dminage District Debentu're Guar antee Act, 1921. 3. The provisions of subsection (2) of

section 4 of The Drainage District Debenture Guarantee Act, 1921, with reference to the liability of the said districts in connection with payments made by the Province under its guarantee and the right of subrogation thereby vested in the Province, shall not be applicable in the case of any such payments made by the Province in respect of that portion of the re spective debenture issues of the said districts which is set out in the third column of the

schedule hereto.

2 4. The boards of the said districts in making their annual· estimates of expenses as provided by The Drainage Districts Act, 1921, shall not be required to include therein the in stalments of principal and interest payable under the terms of the debentures with respect to the said portions.

SCHEDULE NAME OF DISTRICT. Amount of District Debentures Issued. Dickson Drainage District ....... $ 46,000.00 Holden Drainage District. . . . . . .. 200,000.00 Daysland Drainage District. . . . .. 300,000.00 Viking Drainage District. . . . . . ... 45,000.00 Amount of Debentures to which this Act applies. $ 2,300.00 20,000.00 40,950.00 7,875.00

No. 79. FIFTH SESSION FIFTH LEGISLATURE 15 GEORGE V 1925 BILL

An Act to Provide Aid to certain Drainage Districts. Received and read the First time .................... . Second time .................. . Third time ................... . EDMONTON: J. W. JEFFERY, KING'S P,nNTEl! A.D.·1~ Title: 1925 (5th, 5th) Bill 79,

An Act to Provide Aid to certain Drainage Districts

Document details

Collection	Alberta — Bills
Citation	L5 S5 10011
Type	bill
Volume / chapter	L5 S5 10011
Language	en
Format	json
Source	PROVINCIAL
Identifier	2b14001c6b79e1490878c5bfc2bbb51a975ff6a8

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