Bill 49 (Legislature 10, Session 4)

L10 S4 7393

Alberta — Bills

BILL No. 49 of 1947.

An Act to amend The Alberta Wheat Pool Act, 1929. (Assented to '19 .. 7.) HIS MAJESTY, by and with the advi.ce and consent of the Legislative Assembly of the Province of Alberta, enacts as follow-s : 1. This Act may be cited as "The Alberta Wheat Pool Act, 1929, Amendment Act, 1947". 2. The Alberta Wheat Pool Act, 1929, being

chapter 73 of the Statutes of Alberta, 1929, is hereby amended by striking out

section 40 and the proviso thereto and adding in lieu thereof the following: "40.-

(1) When authorized by resolution of the dele gates the Pool may use the commercial and elevator reserves or any earnings in its hands which have resulted from the use thereof to buy commercial and elevator reserves, or either of them, which were accumulated by deduction under the marketing agreements, First and Second Series, or by opera tion of

section 35 (

b) hereof,- " (

a) from members rateably a percentage of their re spective interests in the said reserves or either of them; " (

b) from the personal representatives of those members who died on or before the 31st of December, 1946, leaving an estate that was insolvent; " (

c) from the beneficiaries of those members who died on or before the 31st of December, 1946, such part of the said reserves accumulated by the deceased mem ber in his lifetime as have or will devolve to bene ficiaries who are not engaged in farming or pos sessed of any land producing grain in the Province of Alberta or in parts of Saskatchewan or British Columbia served by facilities of Alberta Pool Elevators; "(

d) from the beneficiaries of those members who died on or before the 31st of December, 1946, such part or parts of the said reserves as have or will devolve to beneficiaries who are engaged in farming in cases where the reserves to be purchased from such bene ficiary do not exceed an amount to be :fixed by reso lution of the delegates; " (

e) from members who, having accumulated such re serves, have attained the age of sixty-five years and

2 have ceased to farm or to hold or retain any interest in land producing grain in the Province of Alberta or in parts of Saskatchewan or British Columbia served by facilities of Alberta Pool Elevators; "(

f) from members who have attained the age of sixty five years and have ceased to farm but who hold or retain an interest in land producing grain in the Province of Alberta or in parts of Saskatchewan or British Columbia served by facilities of Alberta Pool Elevators where the reserves held by such members do not exceed an amount to be fixed by resolution of the delegates, or the grain produced upon the land belonging to the member does not belong to the member; "(

g) from members whose interest in the said reserves is five dollars ($5.00) or less who are not engaged in farmiDg or possessed of any land producing grain in the Province of Alberta or in parts of Saskatchewan or British Columbia served by facilities of Alberta . Pool Elevators; "Provided, that no payment shall be made to any member under the provisions of

section 40 (1) (

a) hereof where the effect would be to reduce his holdings of reserves below the nominal value of five dollars ($5.00) until the reserve hold ings of all members who were contract signers and acquired th~ir reserves by deductions. under the marketing agreement, First and Seeond Serle~ or by operation of

section 35 (

b) hereof, have been reduced by purchase or otherwise to the nominal value offtve dollars ($5.00) ." 3. The said Act is further amended by adding to

section 44 thereof the folloWing words : "and without limiting the generality of the foregoing the Directors may by such regulations,- "(

a) postpone purchases of the reserves of members who died after dates to be fixed by regulation until com pletion of the purchase of reserves of members who died before such date or dates; ~ (

b) postpone purchases of reserves from members still living though over sixty-five years of age until com pletion of purchases of reserves of members who have died; "(

c) postpone the purchase of reserves from members ·' who are over sixty-five years of age pending com pletion of the purchase of reserves of members in older age classes ; "(

d) terminate the purchase of any and all reserves at any time pending the next ensuing delegates' meetiDg':• ·· 4.. The said Act Is further amended as to

section 41ee (1) -thereof by striking out the word "purchases", where it occurs therein, and substituting therefor the words "of the passing . o! the. resolution of t~ delegates a.uthori.zing such pur- rcliase:a-'''

3 5 •. The said Act is further amended as to

section 43 thereof by striking out the words "each assignee", where they occur in the first line of the section, and substituting therefor the words "and every person claiming through or under him", and by striking out the word "percentage", where it occurs in the third line of the said

section 43, and substituting the words "the whole or the part". 6. The said Act is further amended as to

section 47 thereof by striking out all the words after the word "series", where it occurs in the third line thereof, and substituting the following: "(

a) who did not deliver any wheat pursuant thereto and has not otherwise acquired reserves unless such member does acquire reserves to the value of five dollars ($6.00) or more within sixty (60) days after notice mailed to him by the Pool requiring him so to do; " (

b) whose reserves have been acquired by the Pool under

section 40, subsections (e), (

f) and (g)." 7. This Act shall come into force on the day upon which it is assented to.

No. 49 FOURTH SESSION TENTH LEGISLATURE 11 GEORGE VI 1947 BILL

An Act to amend The Alberta Wheat Pool Act, 1929. Received and read the First time ...... . Second time ..................................... . Third time ...... . MR. ANDERSON. EDMONTON: A. Shnltka, Kine"• Printer 1947 Title: 1947 (10th, 4th) Bill 49,

An Act to amend The Alberta Wheat Pool Act, 1929

Document details

Collection	Alberta — Bills
Citation	L10 S4 7393
Type	bill
Volume / chapter	L10 S4 7393
Language	en
Format	json
Source	PROVINCIAL
Identifier	660494f34656c0f303d77d2230abbc61ecdc2496

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