Bill 214 — Second Session, 19Th Legislature, 29 Elizabeth Ii the Legislative Assembly of Alberta Bill 214 An Act To Amend the Alberta Energy Company Act (Legislature 19, Session 2)

L19 S2 4150

Alberta — Bills

1980 BILL 214 Second Session, 19th Legislature, 29 Elizabeth II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL 214

AN ACT TO AMEND THE ALBERTA ENERGY COMPANY ACT MR. R. C. CLARK First Reading Second Reading Committee of the Whole Third Reading Royal Assent Printed by the Queen ’s Printer for the Province of Alberta, EDMONTON Title: 1980 (19th, 2nd) Bill 214,

An Act to Amend the Alberta Energy Company Act

Bill 214 Mr. R. C. Clark BILL 214 1980

AN ACT TO AMEND THE ALBERTA ENERGY COMPANY ACT (Assented to , 1980) H E R MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows: 1. The Alberta Energy Company Act is amended by this Act.

Section 35(

b) is repealed. 3. The following

section is added after

section 35: 35.1

(1) In every year that the first session of the Legislature commences prior to the first day of April, the Minister shall, with in 15 days of the commencement of the first session of the Legis lature, move a resolution in the Legislative Assembly which shall (

a) propose a person or persons to be nominated to hold the proxies of the voting rights on all voting shares in the Company held by the Government, at the annual meeting of the Company, and (

b) propose directions to be given to the person or persons nominated as to the manner in which the voting rights shall be exercised (

i) on every matter as to which the Government has received notice as a shareholder as a matter pro posed to be voted on at the annual meeting, and (ii) as to any shareholder’s resolution which the Govern ment intends to propose at the annual meeting.

(2) The Company shall not hold its annual meeting until (

a) such time as the Legislative Assembly has dealt with any resolution moved pursuant to subsection (1), or (

b) the first day of May, whichever shall first occur.

Explanatory Notes 1. This Bill will amend

chapter 6 of the Statutes of Alberta, 1974. 2. Amends

section 35; removes power to make regulations as to exer cise of voting rights. 3. Adds

section 35.1; provides for a resolution of the Legislative Assem bly on exercise of voting rights.

(3) In any year that the first session of the Legislature com mences on or after the first day of April or a resolution moved pursuant to subsection (1) is not dealt with prior to the annual meeting, the proxies shall be exercised by the Minister in person. 4. This Act comes into force on the day upon which it is assen ted to. 2 Title: 1980 (19th, 2nd) Bill 214,

An Act to Amend the Alberta Energy Company Act

Document details

Collection	Alberta — Bills
Citation	L19 S2 4150
Type	bill
Volume / chapter	L19 S2 4150
Language	en
Format	json
Source	PROVINCIAL
Identifier	7832fd8630700392c3cbabc9d4741e9fd2d89ec9

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