Bill 18 (Legislature 5, Session 6)

L5 S6 9324

Alberta — Bills

BILL No. 18 of 1926.

An Act respecting The Alberta and Great Waterways Railway Company. (Assented to , 1926.)

WHEREAS the shares of the issued capital of the Al- berta and Great Waterways Railway Company (here inafter called "the Company") are lawfully and completely vested in the Minister of Railways and Telephones or his nominees; And

whereas the extension of the line of the company from mile to mile 285.8 is to the advantage of the Prov ince; And

whereas it is estimated that it will be necessary to advance to the Company the sum of One Hundred and Eighty-six Thousand Dollars to complete such extension, and also to defray the cost of maintenance, improvement, up keep and equipment of the railway of the Company;

Now, therefore, His Majesty, by and with the advice and consent of the Legislative Assembly of the Province of Alberta, enacts as follows: 1. The Lieutenant Governor in Council may raise by way of loan the sum of One Hundred and Eighty--six Thousand Dollars and may without any further or other appropriation than is contained in this section, make advances to the Com pany up'to such sum as and whenever the same may be re ql!ired for the purposes hereinbefore recited. 2.

Notwithstanding any other statutory provision, the Company shall have power to borrow and give security for any sums lent to it under the provisions of this Act. 3. The Lieutenant Governor in Council may lend all moneys hereinbefore provided for at such time or times, at such rate of interest, upon such security and upon such other terms not inconsistent with this Act as he may determine. 4. This Act shall come into force on the ............. . day of ....................... 19 .... . No. 18. SIXTH SESSION FIFTH LEGISLATURE GEORGE V BILL

An Act respecting The Alberta and Great Waterways Railway Company. Received and read the First time .................... . Second time .................. . Third time ................... . HON. MR. SMITH. EDMONTON: W. D. Mel.CAN, ACTING KING'S PnIN'fER A.D. 1926. Title: 1926 (5th, 6th) Bill 18,

An Act respecting The Alberta and Great Waterways Railway Company

Document details

Collection	Alberta — Bills
Citation	L5 S6 9324
Type	bill
Volume / chapter	L5 S6 9324
Language	en
Format	json
Source	PROVINCIAL
Identifier	62f9c3f526ef9dbaad52c667187aa76629762531

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