Bill 14 (Legislature 7, Session 2)

L7 S2 8753

Alberta — Bills

Bill No. 14 of 1932. A BILL TO AMEND THE PROVINCIAL LOANS ACT. NOTE. The effect of the amendment made by this Bill is to extend the power of the Lieutenant Governor in Council to raise, by way of loan, any sum or sums necessary to implement any guarantee given by the Province pursuant to or by virtue of any Act of the Legislature. R. ANDREW SMITH, Legislative Counsel. (This note does not form any part of the Bill and is offer-ed merely as a partial explanation of some of its provisions.) BILL No. 14 of 1932.

An Act to amend The Provincial Loans Act. (Assented to ,1932.) HIS MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of Alberta, enacts as follows: 1. This Act may be cited as "The Provincial LocLns Act Amendment Act, 1932." 2. The Provincilll Loans Act, being

chapter of the Re vised Statutes of Alberta, 1922, is hereby amended as to

section thereof by striking out the same and by substi tuting therefor the following: "15.

Where pursuant to or by virtue of any Act of the Legislature heretofore or hereafter passed any guarantee has been given by or on behalf of the Province of Alberta or the Province of Alberta is liable as guarantor for the payment of the principal or interest of any loan or obliga tion or of any bonds, debentures or other securities, and it becomes necessary under the terms of any such guarantee to make any payment thereunder, then the Lieutenant Gov ernor in Council may raise by way of loan from time to time in the manner provided by this Act the sum or sums neces sary to fulfill any such guarantee or any part thereof, and may expend the same thereon without any further or other appropriation than is provided by this section." 3.

This Act shall come into force on the day upon which it is assented to and upon so coming into force shall be deemed to have been in force as and from the first day of January, 1931. SECOND SESSION SEVENTH LEGISLATURE GEORGE V BILL

An Act to amend The Provincial Loans Act. Received and read the First time .................... . Second time ................... . Third time .................... . HON. MR. REID W. D, McLE.\'l", KING'S PInXTER EDMONTON: 1932 Title: 1932 (7th, 2nd) Bill 14,

An Act to amend The Provincial Loans Act

Document details

Collection	Alberta — Bills
Citation	L7 S2 8753
Type	bill
Volume / chapter	L7 S2 8753
Language	en
Format	json
Source	PROVINCIAL
Identifier	459e6379e61f52a8b2c48a7fe1908e2c4632a15e

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