1989 BILL Prl First Session, 22nd Legislature, 38 Elizabedi II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL Pr1 CANADIAN UNION COLLEGE AMENDMENT ACT, 1989 MR. MOORE First Reading Second Reading Committee of the Whole Third Reading Royal Assent Bill Prl Mr. Moore BILL Pr1 CANADIAN UNION COLLEGE AMENDMENT ACT, 1989 (Assented to , 1989)

WHEREAS the Canadian Junior College was incorporated by

chapter of die Statutes of Alberta, 1940 which was amended by

chapter of the Statutes of Alberta, 1947 which, inter alia, changed the name of the college to "Canadian Union College",

chapter of the Statutes of Alberta, 1951,

chapter of die Statutes of Alberta, 1972 and

chapter of the Statutes of Alberta, 1979; and

WHEREAS by its petition Canadian Union College has prayed diat it be enacted as herein set fordi and it is expedient to grant the prayer of the petition; THEREFORE HER MAJESTY, by and with die advice and consent of the Legislative Assembly of Alberta, enacts as follows: 1 The Canadian Union College Act is ameruied by this Act. 2

Section 9.1 is repealed and the following is substituted: 9.1 Canadian Union College may receive and hold for its benefit sums of money in consideration of die payment, during the Ufe of die donor or during any other period, of interest thereon at such rate as may from time to time be agreed upon or in consideration of the payment of an annuity or annuities, for a term certain or for a period terminating on die earlier of a specified date and the death of the donor, to any person or persons in respect thereof and such annuity shall be deemed not to be life insurance under

section l(m.

l) or 240.1 of the Insurance Act. Explanatory Notes This Bill will amend

chapter e35. Statutes of Alberta, 1940. 2

Section 9.1 presently reads: Canadian Union College may receive and hold for its benefit sumof money in consideration of the payment during the life of the donor or during any other period, of interest thereon at such rate as may from time to time be agreed upon, or in consideration of the payment of an armuity or annuities to any person or persons in respect thereof. Title: 1989 (22nd, 1st) Bill Pr1, Canadian Union College Amendment Act, 1989