BILL No.7 of 1940.

An Act for Raising Money on the Credit of the General Revenue Fund of Alberta. (Assented to , 191,-0.) HIS MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of Alberta, enacts as follows: 1. This Act may be cited as "The Loan Act, 191,-0." 2.

The Lieutenant Governor in Council is hereby author­ ized to raise by way of loan such amount or amounts as will realize a net sum not exceeding one million dollars for any or all of the purposes following, that is to say: For the Public Service; for the covering of any debt of the Province on open account; for paying any floating indebtedness of the Province; for the carrying on of public works authorized by the Legislature; ;for the satisfaction or discharge of any obligations of the Prov­ ince; and for such other purposes as may be authorized by the Legislature. 3.

The aforesaid sum of money may be borrowed for any term or terms not exceeding fifty years, at such rate of interest as the Lieutenant Governor in Council may deter­ mine, and shall be raised upon the credit of the General Revenue Fund of the Province of Alberta and shall be chargeable thereon. 4. This Act shall come into force on the day upon which it is assented to. NINTH SESSION EIGHTH LEGISLATURE GEORGE VI BILL

An Act for Raising Money on the Credit of the General Revenue Fund of Alberta. Received and read the First time ....................................... . Second time .................................... .. Third time ....................................... . HON. MR. Low. [':DIIIO~TON: A. Shnltka, King's Printer 1 9 Title: 1940 (8th, 9th) Bill 7,

An Act for Raising Money on the Credit of the General Revenue Fund of Alberta