Bill 34 (Legislature 4, Session 4)

L4 S4 10073

Alberta — Bills

BILL No. 34 of 1921.

An Act to amend The Savings Certificates Art. (Assented to ' 1921.) HIS MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of Alberta, enacts as follows: 1.

Section of The Savings Certificates Act, being

chapter of the Statutes of Alberta, 1917, is hereby struck out, and the following inserted in lieu thereof: "2. The Lieutenant Governor in Council may from time to time raise revenue by borrowing money and the issue of savings certificates or other sePurities therefor; and ma,y determine their form, method of execution, the rate of interest payable thereon and the place of redemption thereof. · "

(2) The amount borrowed under the provisions of this sertion and outstanding shall not at any one time exceed the sum of five million dollars, nor shall the rate of interest payable thereon exceed five per cent. per annum. "

(3) The Lieutenant Governor in Council may at any time or times without any further authority than is pro vided by this Act issue bonds of the Government of Alberta for the purpose of raising a sum of money sufficient to redeem all or any of the certificates issued under this Act outstand ing at the time of any such issue of bonds, and m~ty deter mine the forms of and rate of interest payable ir1 respect of such bonds." 2.

Section of the said Act is amended by striking out the word "sold" in the first line thereof, and substituting therefor the.word "issued." 3.

Section of the said Act is amended- (

a) As to subsection L thereof by striking out the word "sold" in the last line but one, und sub stituting therefor the word "issued"; (

b) As to subsection thereof by striking out the words "sections and of this Act," and sub stituting therefor the words "section of this Art." No. 34. FOURTH SESSION FOURTH LEGISLATURE GEORGE V BILL

An Act to amend The Savings Certi cates Act. Received and read the First time ................. . Second time ............... . Third time ................ . HoN. C. R. MITCHELL. EDMONTON: J. W. JEFFERY. KIN•'& PRINTII>B. A.D. 1921 Title: 1921 (4th, 4th) Bill 34,

An Act to amend The Savings Certificates Act

Document details

Collection	Alberta — Bills
Citation	L4 S4 10073
Type	bill
Volume / chapter	L4 S4 10073
Language	en
Format	json
Source	PROVINCIAL
Identifier	af4afefb4d31e9311053d6c9a5548bd3942cbaa3

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