Bill 13 (Legislature 8, Session 2)

L8 S2 8367

Alberta — Bills

BILL No. 13 of 1936 (Second Session).

An Act respecting Prosperity Certificates. (Assented to , 1936.) HIS MAJESTY, by and with the ad;ice and consent of the Legislative Assembly of the Province of Alberta, enacts as follows: 1. This Act may be cited as "The Prosperity Certificates Act." 2. The Provincial Treasurer is hereby authorized to issue and to reissue credit certificates to any persons who may be willing to accept the same- (

a) for goods supplied and services rendered in respect of any public work undertaken by the Government in relation to unemployment relief; (

b) for any existing Government services; (

c) under any agreement entered into between the Government and any city, town, village or muni cipal district, for the relief of unemployment under the provisions of The Unemployment Relief Act, 1933, or otherwise; and (

d) for such other public expenditures as may be from time to time specified by Order of the Lieutenant Governor in Council. 3. Such certificates shall be known as Alberta Prosperity Certificates and shall be in such form as may be determined by Order of the Lieutenant Governor in Council and shall be in denominations of Twenty-five Cents, One Dollar and Five Dollars. 4. The aggregate amount of certificates of all denomina tions so to be issued shall not exceed Two Million Dollars and the amount of the certificates of any specified denomina tion shall be such as may be fixed by the Provincial Treasurer. 5.

These certificates shall bear the date of issue and shall be redeemable by the Provincial Treasurer at the face value thereof upon presentation thereof to him by the bearer after the expiration of two years from the date of issue, provided that at the time of presentation there are attached to the certificate one hundred and four stamps of the nature here inafter referred to, each stamp representing one per centum of the denomination of the certificate. S. The Provincial Treasurer be and he is hereby author ized to issue and sell to the public adhesive certificate

2 stamps which shall be in such form as may be determined by Order of the Lieutenant Governor in Council and which shall be in denominations of one-quarter of one cent; one and five cents, which shall be sold at the denomination value thereof. 7. The proceeds of sales of all such certificate stamps shall be kept by the Provincial Treasurer in a special trust fund which shall be used for the purpose of redeeming the said certificates and defraying the expenses incidental to the issue of the said certificates and certificate stamps and the redemption of the said certificates, or relating thereto. 8.

The certificate stamps so issued shall be used as follows: one-quarter of one cent certificate stamps shall be used for attachment to certificates of twenty-five cent denomination; one cent certificate stamps shall be used for attachment to certificates of the one dollar denomination; five cent certificate stamps shall be used for attachment to certificates of the five dollar denomination. 9.

At any time after the issue of any certificate and until it is redeemable, the same shall be valid only in case there shall be affixed to the certificate, certificate stamps of the proper denomination for as many full weeks as have been elapsed since the date of issue of the certificate. 10. Notwithstanding the provisions of

section 5 hereof, the Provincial Treasurer may payout of the General Revenue Fund of the Province the face value of any valid credit certificate presented to him on the Thursday, Friday or Saturday following the second Wednesday of each month commencing with the month of September, A.D. 1936, and on the said days and dates the Provincial Treasurer may accept valid credit certificates in payment of any tax pay able under the provisions of The Ultimate Purchasers Tax Act, being

chapter 7 of the Statutes of Alberta, 1936. 11. All credit certificates heretofore issued in pursuance of an Order in Council dated the 11th day of June, 1936, and numbered 815/36 as amended by an Order in Council dated the 27th day of July, 1936, and numbered 1085/36, shall have the same force and effect as if the same had been issued pursuant to the provisions of this Act. 12. Notwithstanding the provisions of any other Act the City of Edmonton is hereby authorized to enter into an agreement between the said City and the Province in the form set forth in the

schedule to this Act and such agree ment when duly signed and executed on behalf of the City by the Mayor and City Clerk and on behalf of the Province by the Provincial Treasurer is hereby approved, ratified and confirmed . . 13. N otwi~hstanding the p~ovisi0!ls ~f any other Act, any CIty, town, VIllage or mumcIpal dIstrIct, may enter into an agreement with the Province to purchase prosperity

3 certificates or to accept prosperity certificates to assist in relieving distress caused through unemployment or for the relief of its indigent residents in lieu of or in addition to any moneys which may have been granted, allotted or con tributed by the Province to such city, town, village or muni cipal district under the provisions of The Unemployment Relief Act, 1933, or otherwise. 14. The prosperity certificates received from the Prov incial Treasurer by a city, town, village or municipal district under the provisions of this Act, may be- (

a) paid out or expended in respect of unemployment relief, services rendered, or for any other under taking or expenditure whatsoever; or (

b) received by such city, town, village or municipal district in respect of any sum or sums of money owing to the city, town, village or municipal district whatsoever; or . (

c) dealt with and used in such manner and for such purposes as may be designated by the city, town, village or municipal district from time to time. 15. This Act shall come into force on the day upon which it is assented to. SCHEDULE. MEMORANDUM OF AGREEMENT entered into this . day of ... .. , A.D. 1936. BETWEEN: THE CITY OF EDMONTON in the Province of Alberta, a municipal corporation (herein after called the City), OF THE FIRST PART. -AND- HIS MAJESTY THE KING in the right of the Province of Alberta (hereinafter called the Province) as represented herein by the Provincial Treasurer, OF THE SECOND PART.

Whereas by Order in Council numbered 1132/36 the Provincial Treasurer is authorized to issue credit cer tificates to cities, who may be willing to accept the same in lieu of or in addition to the sums granted to cities to relieve distress caused by unemployment under the authority of Order in Council numbered 1090/36; And

whereas the City has signified its willingness to purchase prosperity certificates of the face value of $55,- 000.00 with the moneys received from the Government for the month ending August 31st, 1936, under the provisions of the said Order in Council numbered 1090/36 provided

4 the Province issues to the City additional prosperity cer tificates of the face value of $30,000.00 on the terms and conditions hereinafter expressed;

Now therefore it is agreed between the parties hereto as follows: 1. The City hereby agrees to purchase from the Province prosperity certificates of the face value of $55,000.00 and in consideration therefor the Province agrees to give and provide the City with additional prosperity certificates of the face value of $30,000.00. 2.

The City further agrees that prosperity certificates of the face value of $30,000.00 issued by the Province as afore said, will not be redeemed by the Province until after the expiration of 2i years from the date of issue and at the time of presentation there will be attached to each certificate one hundred and four one cent stamps issued pursuant to Order in Council numbered 815/36. 3.

The City further agrees with the Province that it will accept from the public in payment of moneys owing to the City for utility services and such other services as may be designated by the City Council from time to time prosperity certificates to the face value of $30,000.00 each and every month during the said period of 2 years from the date of issue and will place in circulation the said prosperity cer tificates monthly during the said period and will produce and show to a duly authorized representative of the Prov ince evidence of the fact that the City has accepted and has placed in circulation or has in its possession certificates of the face value of $30,000.00 monthly on a date (hereinafter called an inspection day) during each month to be mutually agreed upon by the parties hereto, the intention being that the .said prosperlty certificates of the face value of $30,- 000.00 shall be kept in circulation by the City as aforesaid. 4.

In the event of the City having in its possession or having accepted and placed in circulation prosperity cer tificates of the face value exceeding $30,000.00 and having produced evidence to this effect on any of the inspection days mentioned in the next preceding paragraph the Government shall redeem from the City such portion of the excess of the said $30,000.00 as may be represented by pros perity certificates actually in the possession of the City on any of the said inspection days and shall pay by cheque to the City the face value of the said prosperity certificates in its possession in accordance with the provisions of Order in Council numbered 1085/36, but in the event of the City not having accepted and placed in circulation or not having in its possession prosperity certificates of the face value of $30,000.00 on any of the said inspection days then the Citv undertakes to forthwith purchase additional prosperity certificates from the Provincial Treasurer to bring the total value of the prosperity certificates in its possession or accepted and placed in circulation up to $30,000.00 on the inspection days during the said period of two years from the date of the original issue of the said prosperity certificates. .

In witness whereof the corporation of the City of Ed monton has set its seal and executed this document under

5 the hand of its proper officers duly authorized in that behalf and signed on behalf of the Province of Alberta by the Honourable the Provincial Treasurer. SIGNED AND SEALED on be- f THE CITY OF EDMONTON half of the City of Ed- monton by the Mayor and by .... . ~!~e~~~~~~~~tJ~ein ~h~ ...... Ci:"::C SIf;:~~~~U~!:!~hFpr:~ f .................................................. . lUCIal Treasurer lU the Provincial Treasurer. presence of ................................................

No. 13. SECOND SESSION EIGHTH LEGISLATURE 1 EDWARD VIII 1936 BILL

An Act respecting Prosperity Certificates. Received and read the First Second Third HON. MR. FALLOW. EDMONTON: A. Shnltka, King's Printer 1936 Title: 1936 (8th, 2nd) Bill 13,

An Act respecting Prosperity Certificates

Document details

Collection	Alberta — Bills
Citation	L8 S2 8367
Type	bill
Volume / chapter	L8 S2 8367
Language	en
Format	json
Source	PROVINCIAL
Identifier	83775b9867321bc7be2b5204467909a568564e47

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