Bill 235 — Third Session, 18Th Legislature, 26 Elizabeth Ii the Legislative Assembly of Alberta Bill235 An Act To Amend the Alberta Energy Company Act (Legislature 18, Session 3)

L18 S3 5840

Alberta — Bills

1977 Bill 235 Third Session, 18th Legislature, 26 Elizabeth II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL235

AN ACT TO AMEND THE ALBERTA ENERGY COMPANY ACT MR. CLARK First Reading . .. . ......................... . Second Reading .......................... . Third Reading ....... . ......... . prln1ld by the queen's Printer for the Province of Alberta~ EDMONTOfi

Bill 235 Mr. Clark BILL 235 1977

AN ACT TO AMEN>D THE ALBERTA ENERGY COMPANY ACT (Assented to , 1977) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows: 1. The Alberta Energy Company Act is hereby amended.

Section 35 is amended by striking out clause (b). 3. The following

section is added after

section 35: ,35.1

(1) In every year that the first session of the Leg islature commences prior to the first day of April, the Min ister shall, within 15 days 'Of the commencement of the first session of the Leg;islature, move a res'Olution in the Legisla tive Assembly which shall (

a) propose a person or persons to be nominated to h'Old the proxies of the voting rights on all voting shares in the Company held by the Government, at the an nual meeting of the Company, and (

b) propose directions to be given to the person or per sons nominated as to the manner in which the vot ing rights shall be exercised (

i) on every matter as to which the Government has received notice as a shareholder as a mat ter proposed to be voted 'On at the annual meet ing,and (ii) as to any shareholder's resolution which the Government intends to propose at the annual meeting.

(2) The Company shall not h'Old its annual meeting until (

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

b) the first day of May, whichever shall first 'Occur.

Explanatory Notes I. Amends

chapter 6, Statutes of Alberta, 1'974. 2. Amends

section 3'5; removes power to make regulations as to exercise of voting !rights. 3. Adds

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

(3) In any year that' the first session of the Legislature commences 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 assented to. 2

4. Coming into force. 2 Title: 1977 (18th, 3rd) Bill 235,

An Act to Amend The Alberta Energy Company Act

Document details

Collection	Alberta — Bills
Citation	L18 S3 5840
Type	bill
Volume / chapter	L18 S3 5840
Language	en
Format	json
Source	PROVINCIAL
Identifier	929415baacfa81a9b5ed7a4b65343bcab25bfa69

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