Bill 94 — A Bill To Provide Commercial Services To Business and Industry In Alberta (Legislature 15, Session 1)

L15 S1 1673

Alberta — Bills

No. 94 1st Session, 15th Legislature, Alberta 12 Elizabeth II BILL 94 A Bill to Provide Commercial Services to Business and Industry in Alberta HON. MR. PATRICK ·Prhited by L. S. W-ALL, . Printer to the· Queen's Most Excellent Majesty, Edmonton, Albel'ta, 1964

Explanatory Note General. This Bill will establish an Alberta Commercial Branch within the public service, with advisory and promotional duties as set out in Clause 4. It will also establish a corporation with the name Alberta Commercial Corporation, with the objects set out in Clause 8, to encourage trade and industry by various means. 2.

Definitions. 3. Establishment of the Alberta Commercial Branch under the charge of a Director. 4. Duties of the Alberta Commercial Branch . . S. Alberta Commercial Corporation is created with a board of dIrectors.

BILL No. 94 'Of 19'64

An Act to Provide Commercial Services to Business and Industry in Al1berta (Assented to HER MAJESTY, by and with the advic,e and consent of the Legislative Assembly of the Province of AI!berta, enacts as follows: 1. This Act may be cited as "The Alberta Commercial Services Act". 2. In this Act, (a) "corporation" means the Alberta Com'mercial Cor poration constituted by ,section 5; (b) "Minister" means the member .of the' Exe,cutive Council charged with the administration of this Act. 3.

(1) There shall be a branch within the Minister's De partment to be known as the Alberta Commercial Branch.

(2) There shall be appointed a Director, who shall be in charge of the Alberta Commercial Branch, and such other emp,loyees as may be required by the Branch to carry out its functions and duties. 4.

(1) The duties of the Alberta Com,mercial Branch are (

a) to provide technical and husiness advice and guid ance to ,persons and organizations, (

b) to encourage trade and industry and promote the diversification of business activity in the Province, (

c) to assist in and encourage the de'velopment of markets outside Alberta for goods produced in the Province, and (

d) to carry out such other duties and functions as may he assigned to it by the Minister or the Lieutenant Governor in Council.

(2) The Alberta Commercial Branch shaH provide such clerical, accounting, technical and .other assistance to the corporation as may be required by the corporation to carry out its functions. 5.

(1) A corporation is hereby established with the name .of the Alberta Com'mercial Corporation.

8. Remuneration of directors. 7. Authority of directors to conduct the affairs of the c,orporation. 8. Purposes and objects of Alberta Commercial Corporation. 2

(2) The affairs of the cQrpQratiQn shall be cQnducted by a bQard of directors which shall consist of (

a) the DirectQr of the Alberta CQmmercial Branch ap pointed pursuant to sectiQn 3, and (

b) nQt mQre than fQur Qther perSQns appointed by the Lieutenant Governor in CQuncil, to. hQld Qffice during pleasure.

(3) The DirectQr Qf the Alberta Commercial Branch shall be the chairman of the board and the Lieutenant GQvernor in Council may appoint one Qf the Qther directQrs as vice chairman who. shall act as chairman when the chairman is absent or unable to act. ( 4) Where one Qr mQre vacancies Qccur Qn the board, the remaining directors may exercise all the powers of the board so lQng as a quorum of the bQard remains, in office.

(5) A majority of directors constitutes a qUQrum. 6.

(1) Any directors who are members of the public service of the Province shall serve without remuneration but the cQrporation may pay the Qther directQrs, such remunera tion as may be determined by the Lieutenant GovernQr in Council

(2) The directQrs are entitled to be paid by the CQrpora tion reasonable travelling and living expenses while absent from their ordinary place Qf residence in the CQurse of their duties. 7.

(1) Subject to. this Act and the regulatiQns, the direc tors shall administer the business and affairs Qf the CQrpora tion and may make by-laws res1pecting the calling of meet ings of the board and the qUQrum and conduct of business thereat, the duties and cQnduct of the directQrs, emplQyees and agents and generally as to. the conduct of the affairs of the cQlWQration. ' (2) 'The cQrpQratiQn may emplQY such agents, advisQrs, or employees as it may require from time to. time and may determine their remuneratiQn, which shall be paid out Qf the revenues of the cQrporatiQn. 2 8.

(1) The purposes and objects .of the ,cQrporatiQn are (

a) to provide assistance to. prQducers and to the operat ors of manufacturing plants that are established Qr that by means Qf such assistance will be established in the Province, (

b) to provide technical and business advice and guid ance to persons and organizations, (

c) generally to. encourage trade and industry and pro mote the diversificatiQn of business activity in the Province, (

d) to assist in and' encourage the development of markets outside Alberta fQr goods produced in the Province, and

9. Loans to the corporation. 10. ( 1) The corporation is required to keep books and have them audited annually by the Provincial Auditor. 3

(

e) to carry out such other duties and functions as may he assigned to it by the Lieutenant Governor in Council.

(2) In .order to achieve its purpos,es, and objects the c.or poration may provide assistance in such forms as may be decided by the corporation and without restricting the gen erality .of the foregoing (

a) the corporation may (

i) buy, sell and deal in any go.ods, wares, mer chandise and natural products by wholesale or retail or both, and (ii) act as a broker, fa'ctor or agent for any pers.on in the acquisition or disp~sition of any goods, wares, merchandise or natural products, "and for those purposes do and transact all acts and things that a natural person engaged· in a 'general mercantile business has the capacity or power to transact, (

b) the corporation may, with the approval of the :Lieutenant Governor in Council, engage in the busi- , ness .of manufacturing, producing, processing; handling or distributing any goods" wares, mer chandise or natural products and do and transact all acts and things that a natural person engaged in any such business has the capacity .or the power to transact, including the borrowing of money for any of the purpos,es of the business, (

c) the corporation may purchase tand, buildings, 'machinery and equipment for the purpose of leasing or re-sale, and (

d) the 'corporation may make loans for the provision of fixed capital or working capital or for both and for those purposes may purchase or guarantee bonds and debentures and may purchase .or .otherwise acquire shares in the capital stock of any corporia- tion. ' 9.

(1) The Provincial Treasurer is hereby authorized to make, at the request 'Of the ,corporation, advances, .of such sums out of the General Revenue Fund ,of the Province as are required from time to time for the purpose of transact ing the business of the corporation s.o long as the total amount of the, advances outstanding at anyone time does not ,eXCeed the sum of .one minion dollars.

(2) In addition to, borrowing from the Provincial Treasurer under subsection (1), the corporation may bor row moneys upon the credit of the corp.oration and, as security therefor, issue bonds, debentures, debenture stock and other securities of the corporation. 10.

(1) The corporation shall (

a) keep full and accurate books of account and records of its business and affairs, 3

(2) Audited statements are to be submitted to the Lieutenant Governor in Council.

(3) The balance sheet of the corporation is to be laid before the Legislative Assembly every year. II. The Corporation may be required to pay surplus cash into the General Revenue Fund. 12. The Lieutenant Governor in Council may make regulations governing the transaction of business by the corporation and gen erally to further the intent of the Act. 13.

(1) The Alberta Marketing Act is repealed as the matters dealt with under that Act are included in the matters covered by this Act.

(2) The assets and liabilities of The Provincial Marketing Board and Marketing Services Limited are transferred to the Alberta Commercial Corporation. 14. Commencement of Act. 4

(

b) in the mQnth of January in each year, cause to be prepared and audited by the Provincial Auditor 'Or his nQminee an annual repQrt and balance sheet of the corporation's business for the year ending with the preceding thirty-first day of December, and (

c) at any other time when required to dQ S'O by the Lieutenant Governor in Council, cause to be pre pared and audited a balance sheet with respect to such part 'Of its business and covering such period as may be specified by the Lieutenant Governor in CQuncil.

(2) Every rep'Ort and balance sheet so prepared and audited shall be delivered by the corporation to the Minister for submission to the Lieutenant Governor in Council.

(3) The Minister shall lay a copy of the audited balance sheet befQre the Legislative Assembly within fifteen days after the commencement of the next ensuing session follow ing the delivery of the balance sheet to the Minister. 11. If at any time it is made to ap.pear to the Lieutenant Governor in Council that the corp'Oration has on hand a cash surplus that is not required fQr financing the operations of the cQrporation, the Lieutenant G'Overnor in CQuncil may .order that such cash surplus be paid into and fQrm part of the General Revenue Fund of the Province. 12. The Lieutenant Governor in Council (

a) may make regulations as to the manner and extent to which the corporatiQn is to transact any business or exercise any power that by this Act it is authorized to transact or exercise, (

b) may vest in the corporation such authorities and powers as are by him considered necessary or ad visable for the purpQse of enabling the corporation tQ conduct its operations, and (

c) may make such regulations as he considers to be necessary .or advisable for carrying out the intent and purpose of this Act. 13.

(1) The Alberta Marketing Act, being

chapter 191 of the Revised Statutes, is hereby repealed.

(2) All real property and goods and .other chattels and all rights, contracts, franchises, assets, liabilities and prQperty of every kind, including things in action and causes. of action, owned, held, incurred or used by the cQrporat~on known as The Provincial Marketing Board, and Marketing Services Limited, both esta!blished under The A!berta Marketing Act, are hereby transferred to and vested In the Alberta CQmmercial Corporation. 14. This Act ,comes into force .on the first day of July, 1964. 4

FIRST SESSION FIFTEENTH LEGISLATURE 12 ELIZABETH II 19,64 BILL

An Act to Provide Commercial Services to Business and Industry in Alberta Received and read the First time Second time Third time HON. MR. PATRICK Title: 1964 (15th, 1st) Bill 94,

An Act to Provide Commercial Services to Business and Industry in Alberta

Document details

Collection	Alberta — Bills
Citation	L15 S1 1673
Type	bill
Volume / chapter	L15 S1 1673
Language	en
Format	json
Source	PROVINCIAL
Identifier	999559bc0c11eac401da63a41068fe53c82e1b22

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