Bill 48 — The Department of the Ei\T~Lr0Nmsiqt. Amendment Act. 1'977 (Legislature 18, Session 3)

L18 S3 5750

Alberta — Bills

Third Session, 18th Legislature, 26 Elizabeth II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL 48 THE DEPARTMENT OF THE EI\t~lR0NMSIQT. AMENDMENT ACT. 1'977 THE MINISTER OF THE ENVIRONMENT First Reading ............................................ . Second Reading .......................................... . Third Reading ........................................... . Printed by the Queen's Printer for the Province of Alberta, EDMONTON

Bill 48 BILL 48 1977 THE DEPARTMENT OF THE ENVIRONMENT AMENDMENT ACT, 1977 (Assented to , i977) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows: 1. The Department of the Environment Act is hereby amended. 2.

Section i5, subsection (2) is amended by renumbering clause (ei) as clause (a.

i) and by adding the following clause after clause (e): (e.1) the authorizing of the purchase by the Minister on behalf of the Crown in right of Alberta of all of the shares and debentures of any corporation that (

i) on the date of the purchase is the registered owner of an estate or interest in land that is wholly or partly within the Area, (ii) has been the registered owner of the estate or interest from the date the Area was established, (iii) owns the estate or interest in land free and clear of any encumbrances, other than encum brances to which the Minister agrees, (iv) has no assets other than the estate or interest in land, and (

v) has no outstanding liabilities other than debentures, arid the authorizing of the Minister to do all thin~s that are necessary to transfer the estate or interest 10 the land to the Crown in right of Alberta; 3. The Companies Act is amended as to

section 2 by adding the following subsection after subsection (6): 1

Explanatory Notes ,. This Bill will amend

chapter 24 of the Statutes of Alberta, 1971. 2.

Section 15 (2) (

e) presently reads:

(2) Notwithstanding any other Aer, where the Lieutenant Governor in Council establishes a Restricted Development Area, he may, in the same regulation or in any subsequent regulation, provide for (

e) the authorizing of the acquisition by purchase or expropriation by the Minister of any estate or interest in land in the Area; 3. Consequential. Amends

chapter 60 of the R.evised Statutes of Alberta 1970. This amendment will allow a resolutIOn to be passed by a company whose sole shareholder is the Crown. 1

(7) Where a company whose sole shareholder is the Crown in right of Alberta or the shareholders or directors of such a company are empowered or required by a provision of this or any other Act to pass a resolution, the resolution is deemed to be passed if it is signed by the member of the Executive Council charged with the administration of the Act pursuant to which the Crown acquired the shares of the company and any requirement to hold a meeting does not apply. 4. This Act comes int%rce on the day upon which it is assented to. 2

2 Title: 1977 (18th, 3rd) Bill 48, The Department of The Environment Amendment Act, 1977

Document details

Collection	Alberta — Bills
Citation	L18 S3 5750
Type	bill
Volume / chapter	L18 S3 5750
Language	en
Format	json
Source	PROVINCIAL
Identifier	3a74df8d3c907b8579d9bb691f10f3ffe78cbcc4

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