No. 61 2nd Session, 14th Legislature, Alberta 9 Elizabeth II BILL 61 A Bill to amend The Securities Act, 1955 HON. l\IR. MANNING Printed by L. S. ". ALL, Printer to the Queen's ::\Iost Ext:ellent ;\laj.'sty, Edmonton, Alberta, 1961

Explanatory Note This amendment requires persons or companies selling member­ ships in organizations to obtain the consent of the Alberta Securities Commission where the funds raised are to be used for certain purposes.

BILL No. 61 of 1961

An Act to amend The Securities Act, 1955 (Assented to , 1961) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of Alberta, enacts as follows: 1. The Securities Act, 195.5, being

chapter 64 of the Statutes of Alberta, 1955, is hereby amended. 2. The following new

section is added after

section 21 : 21a. Notwithstanding clause (

h) of subsection (2) of

section 20, no person or company shall raise funds through the sale of or subscription to membership in any organiza­ tion if the proceeds are to be used for the purpose of establishing, building, leasing, purchasing or otherwise acquiring club buildings or recreational facilities unless the person or company has obtained the written consent of the commission. 3. This Act comes into force on the day upon which it is assented to.

No. 61 SECOND SESSION FOURTEENTH LEGISLA lURE 9 ELIZABETH II 1961 BILL

An Act to amend The Securities Act, 1955 .Heeeived and read the First time ........................................ .. Second time .................... .. Third time ........................................ .. HON. MR. MANNING Title: 1961 (14th, 2nd) Bill 61,

An Act to amend The Securities Act, 1955