Bill 33 (Legislature 15, Session 3)

L15 S3 1337

Alberta — Bills

No. 33 3rd Session, 15th Legislature, Alberta 14 Elizabeth II BILL 33 A Bill to amend The Alberta Municipal Financing Corporation Act RON. MR. AALBORG Printed by L. S. WALL, Printer ,to the Queen's Most Excellent Majesty, m;, ........ ". .... +.1"'\.... A 1.'h.o. ........ ,n 10t!:t!:

Explanatory Note I. This Bill amends

chapter 3 of the Statutes of Alberta, 1956.

Section 25a, subsection (2) presently reads:

(2) Any notes, bonds, debentures or other securities of the cor poration may be made redeemable in advance of maturity at such time or times and at ,such price or prices and either with or without premium, as the Board may determine when amthorizing the issue thereof. 3. The maximum borrowings permitted the corporation are in creased from 425 million 10 525 million dollars. 4. A new

section is added specifically declaring the corporation a Crown agency. As such it is eligible to sell debentures to the Canada Pension Plan. 5. Commencement of Act.

BILL No. 3'3 of 1966

An Act to a,mend 'The Alberta Municipal Financing Corporation Act ( A8sented to ,1966) HER MAJESTY, by and with the advice and consent of ,the Legislative Assembly of the Province of Alberta, enacts as follows: 1. The Alberta Municipal Financing Corporation Act is here\by amended.

Section 2'5a is amended by striking out subsection (2) and by suibstituting the following:

(2) Any notes, bonds, debentures or other securities of the corporation may be made redeema!ble or payable in ad vance of maturity either at the option of the corporation or on demand of the holder thereof at any time and at such price or prices and either with or without payment of a premium and either in whole or in part, as the corporation may provide.

Section 31, subsection (1) is amended by striking out the words "four hundred and twenty-five million dollars" and by suibstituting the words "five hundred and twenty-five million dollars". 4. 'The fol,lowing

section is added after

section 40 : 41. The corporation is an agent of the Grown in right of Allberta and its 'powers under this A'ct may Ibe exercised only as an agent of the Crown. 5. ~his Act comes into force on the day upon which it is assented to and upon so coming into force sections 2 and 4 shallibe deemed to have been in force at aU times on and after the first day of January, 1966.

No. 33 THIRD SE8SION FIFTEENTH LEGISLATURE 14 ELIZABETH II 1966 BILL

An Act to amend The Alberta Municipal Financing Corporation Act Received and read the First time ......................................... . Second time ..................................... . Second time .................................... . HON. MR. AALBORG Title: 1966 (15th, 3rd) Bill 33,

An Act to amend The Alberta Municipal Financing Corporation Act

Document details

Collection	Alberta — Bills
Citation	L15 S3 1337
Type	bill
Volume / chapter	L15 S3 1337
Language	en
Format	json
Source	PROVINCIAL
Identifier	ad572ba616abc58994858c26c1886edffbe21321

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