Bill 6 (Legislature 7, Session 4)

L7 S4 8594

Alberta — Bills

Bill No. 6 of 1934. A BILL RESPECTING THE TABER IRRIGATION DISTRICT. NOTE. By this Bill the Taber Irrigation District and the Town of Taber are empowered to procure the erection and oper ation of a canning factory in the Town of Taber for the purpose of processing products of the water users in the Irrigation District, and authority is given to the Irrigation District to borrow for the purpose a sum not in excess of $7,500 upon the security of moneys payable to the Irrigation District on account of the purchase price of certain lands sold by the district.

It is provided that the lender shall not have recourse for the purpose of enforcing the payment of any money so bor rowed upon any of the assets of the district other than the moneys owing to it for the purchase price of the lands so sold. 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.6 of 1934.

An Act respecting the Taber Irrigation District. ( Assented to 1934.) W HEREAS the Taber Irrigation District is a district erected under the provisions of The Irrigation Dis tricts Act, being

chapter 114 of the Revised Statutes of Al berta, 1922; and

Whereas the majority of the water users of the District are desirous of procuring the establishment of a canning factory in the Town of Taber for the purposes of canning vegetables and other products raised by the water users of the District; and

Whereas the provision of facilities for processing the products raised on irrigated farms will tend to encourage the raising thereon of more profitable crops and to promote greater prosperity of the irrigation farmers served by those facilities; and

Whereas negotiations have taken place between the Board of Trustees of the District, the Town of Taber and other persons, having for their object the establishment of a can ning factory in the Town of Taber, which have resulted in the formulation of a scheme whereby the Town of Taber is to provide as a site for the said factory certain lands in the Town being so much as may be required for that pur pose of that portion of the N.E. 111, of

Section 32, Township 9, Range 16, West of the Fourth Meridian, which lies to the North of the right-of-way and railway yards of the Cana dian Pacific Railway Company, excepting thereout all mines and minerals and the right to work the same; the Board of Trustees and the Town of Taber are to construct a suitable building on the said site; the Board of Trustees are to fur nish the cash which will be required for defraying a portion of the cost of construction of the building to an amount not in excess of seven thousand, five hundred dollars; upon the completion of the said building, the same is to be leased to responsible persons engaged in the business of canning at a yearly rental of such an amount as will be sufficient in fif teen years to provide for the reimbursement of the cost of the buildings, together with interest thereon at not less than six per cenutm per annum, compounded annually, as well as the cost of insurance of the building and deprecia tion thereon; the rent so payable to be received by the Dis trict until such time as the amount so advanced by the Dis trict has been repaid: the title to the site and building to re main in the Town; but so long as any of the sum so ad-

2 vanced is not repaid, the site and building shall be charged in favour of the District with the repayment of the amount advanced by the District or so much thereof as has not been repaid, or that proportion of the aggregate sum rep~e senting the cost of the building and the value of the sIte which the sum so owing bears to the aggregate sum; and

Whereas the District is desirous of being empo'wered to borrow such sum or sums of money, not exceeding in the aggregate seven thousand, five hundred dollars, as may be required for the construction of the building, upon the se curity of moneys owing to the District on account of the purchase price and interest thereon payable under agree ments of sale in respect of five thousand, two hundred acres, more or less, of school lands which were acquired from the Government of Canada by the District; and

Whereas it is convenient and in the public interest that the Taber Irrigation District be empowered to borrow the said sum of money and that the District and the Town be empowered to carry out the before recited scheme; there fore His Majesty, by and with the advice and consent of the Legislative Assembly of the Province of Alberta, enacts as follows': 1. The Taber Irrigation District and the Town of Taber are each authorized and empowered, subject to the approval of the Board of Public Utility Commissioners, to carry into effect the scheme set out in the

preamble to this Act, and for that purpose- (CL) to enter into agreements with each other for the construction of the building mentioned therein and to perform any such agreements; and (

b) to sell the said site and building to any responsible person undertaking the operation of a canning fac tory thereon at a price of not less than the cost of the construction thereof as well as the value of the site, together with interest thereon at the rate of not less .than six per centum per annum, or in the alternatIve, to lease the same to responsible persons at a rental of such amount as will be suflicient in a period of fifteen years to repay the cost of the building, together with interest as aforesaid and in either case, subject to such other terms and condi tions as may be agreed upon between the parties. 2.

The Town and the District are hereby authorized and empowered to do all acts and things requisite or incidental to the carrying out of any agreement, contract of sale or lease so entered into or made. 3. The Board of Trustees of the Taber Irrigation District ~s hereby authorized and empowered to borrow a sum not III e~cess of seven thousan~, five hundred dollars as may be reqUIred for the constructIon of the sRid building for the

3 purpose of a canning factory, upon the security of all moneys owing to the District on account of the purchase price and interest thereon of five thousand, two hundred acres, more or less, of school lands purchased by the Dis trict from the Government of Canada and resold by the Dis trict. and for that purpose to make a valid assignment by way of pledge of the said moneys; but upon such loan be ing made, the lender shall not have recourse for the purpose of enforcing payment of any of the money borrowed or any interest thereon upon any of the assets of the District other than and except the said moneys so owing to the District as aforesaid. 4.

This Act shall come into force on the day upon which it is assented to.

FOURTH SESSION SEVENTH LEGISLATURE 24 GEORGE V 1934 BILL

An Act respecting the Taber Irrigation District. Received and read the First time.... ... .................... . Second Luue...... . ...................... . Third time RON. MR. BROWNLEE EDMONTON: w. D. McLEAN. KING'S PRINTER 1934 Title: 1934 (7th, 4th) Bill 6,

An Act respecting the Taber Irrigation District

Document details

Collection	Alberta — Bills
Citation	L7 S4 8594
Type	bill
Volume / chapter	L7 S4 8594
Language	en
Format	json
Source	PROVINCIAL
Identifier	97e6854716fb8ce0374751c32aa9ff9ba66888d7

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