Bill 101 — A Bill To Amend The! Rural Telephones Revolving Fund Act (Legislature 14, Session 4)

L14 S4 1936

Alberta — Bills

No. 101 4th Session, 14th Legislature, Alberta 10 Elizabeth II BILL 101 A Bill to amend The! Rural Telephones Revolving Fund Act HON. MR. REIERSON Printed by L. S. WALL, Printer to the Queen's Most Excellent ~Iajestr, Edmonton, Alberta, 1962

Explanatory Note

Section 2, clause (

d) reads: "(d) "subscriber" means a person who enters into a contract with a <!ompany to receive any of the services provided by the company;". This defined term is not used in the Act and is therefore being removed.

Section 9, subsection (3) presently reads: "

(3) The Minister may in his discretion recommend as the amount approved for a loan (

a) any amount not ex<!eeding twice the amount subscribed and paid to the company, where the loan is for either of the purposes specified in clauses (

a) and (

b) of

section 8, or (

b) any amount not exceeding twke the amount of the share value of the company, as determined pursuant to subsection (2) of

section 7, w1}ere the loan is for either or both of the purposes specified in clauses (

c) and (

d) of

section 8.". 4. Commencement of Act.

BILL No. 101 of 1962

An Act to amend The Rural Telephones Revolving Fund Act (Assented to , 1962) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of Alberta., enacts as follows: 1. The Rural Telephones Revolving Fund Act, being

chapter 84 of the Statutes of Alberta, 1957, is hereby amended.

Section 2 is amended by striking out clause (d).

Section 9, subsection (3) is amended by striking out clause (

a) and by substituting the following: (

a) where the loan is for either of the purposes specified in clauses (

a) and (

b) of

section 8, an amount equal to the balance of the actual cost of the construction not contributed by the ne\v shareholders if, (

i) when the average actual cost for each new shareholder is less tha.n three hundred dollars, the new shareholders have contributed to the company an amount equal to one third of the actual cost, or (ii) when the average actual cost for each new shareholder is three hundred dollars or more but not more than five hundred dollars, the new shareholders ha.ve contributed to the com pany an amount equal to the total of one hun dred dollars for each new shareholder, or (iii) when the average actual cost for each new shareholder is more than five hundred dollars, the new shareholders have contributed to the company an amount equal to the total of one hundred dollars plus one third of the actual cost over five hundred dollars for each new shareholder, or 4.

This Act comes into force on the day upon which it is assented to.

No. 101 FOURTH SESSION FOURTEENTH LEGISLATURE 10 ELIZABETH II 1962 BILL

An Act to amend The Rural Telephones Revolving Fund Act Received and read the First time Second time Third time HON. MR. REIERSON Title: 1962 (14th, 4th) Bill 101,

An Act to amend The Rural Telephones Revolving Fund Act

Document details

Collection	Alberta — Bills
Citation	L14 S4 1936
Type	bill
Volume / chapter	L14 S4 1936
Language	en
Format	json
Source	PROVINCIAL
Identifier	6f0da6f257b34584520f55e4e0e90a5f0715b86c

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