Bill 41 (Legislature 7, Session 3)

L7 S3 8711

Alberta — Bills

Bill No. 41 of 1933. A BILL TO AUTHORIZE THE GUARANTEE BY THE PROVINCE OF BORROWINGS BY MUNICIPAL DISTRICTS FOR EDUCATIONAL NEEDS AND BY SCHOOL DISTRICTS. NOTE. The purpose of this Bill is to authorize the guarantee by the Province of the borrowings made by municipal districts for educational purposes and by school districts which are referred to therein. R. ANDREW SMITH, Legislative Counsel. (This note does not form any part of the Bill and is offered merely as a partial explanation of some of its provisions.) BILL No. 41 of 1933.

An Act to Authorize the Guarantee by the Province of Borrowings by Municipal Districts for Educational Needs and by School Districts. (Assented to , 1933.)

WHEREAS in the year certain municipal districts have been unable to borrow, pending the collection of current taxes, for the purpose of supplying school districts with the money requisitioned by such districts for the con tinued operation of such districts unless the repayment thereof was guaranteed by the Government of the Province; and

Whereas in the year certain school districts were unable to borrow, pending the collection of current taxes, the money required by such districts for the continued oper ation of such schools unless the repayment of such borrow ings was guaranteed by the Government of the Province; and

Whereas the Government has agreed with various chart ered tanks to guarantee the borrowings above mentioned bv municipal districts amounting to the aggregate sum of $82,799.61, and by school districts amounting to the aggre gate sum of $21,203.63;

Now therefore His Majesty, by and with the advice and consent of the Legislative Assembly of the Province of Alberta, enacts as follows: 1. The Lieutenant Governor in Council is hereby em powered to authorize the Provincial Treasurer to guaran tee on behalf of the Province the repayment of- (

a) borrowings by municipal districts' for school pur poses in the year to the amount of $82,799.61 in accordance with the said recited agreement; (

b) borr·owings by school districts in the year to the amount of $21,203.63 in accordance with the said recited agreement. 2. This Act shall come into force on the day upon which it is assented to. No. 41. THIRD SESSION SEVENTH LEGISLATURE GEORGE V BILL

An Act to Authorize the Guarantee by the Province of Borrowings by Municipal Districts for Educational Needs and by School Districts. Recei ved and read the First Second time ........................ . Third time .. HON. MR. REID EDMONTON: "Y. D, McLEAN, KING'S PmNTIlR Title: 1933 (7th, 3rd) Bill 41,

An Act to Authorize the Guarantee by the Province of Borrowings by Municipal Districts for Educational Needs and by School Districts

Document details

Collection	Alberta — Bills
Citation	L7 S3 8711
Type	bill
Volume / chapter	L7 S3 8711
Language	en
Format	json
Source	PROVINCIAL
Identifier	8fe437b80a6a0aabb89af052c0474046376798aa

Source file is stored in the law ingest library (json).