Bill 60 (Legislature 10, Session 3)

L10 S3 7493

Alberta — Bills

Bill No. 60 of 1946. A BILL TO AMEND THE VENDORS' AND MORTGAGEES' COSTS EXACTION ACT NOTE.

Section of the Act renders null and void certain stipula tions as to costs in mortgages, agree'ments for sale, etc. The effect of the amendment made by

section of the Bill is to add the costs set out in paragraph (

b) to the costs which may be legally stipula1:€d for in a land mortgage. W. S. GRAY, Legislative Counsel. (This note does not form any part of the Bill but is offered in explanation of its provisions.) BILL No. 60 of 1946.

An Act to amend The Vendors' and Mortgagees' Costs Exaction Act. (Assented to , 1946). HIS MAJESTY, by and with the advice and 'consent of the Legislative Assembly of the Provin~ of Alberta, ena'cts as follows-: 1. The Vendors' and Mortgagees' Costs Exaction Act, being ,chapter of the Revised Statutes, of Alberta, 1942, is hereby amended as to

section 2' thereof by striking out the S'ame and by substituting therefor the following: ".2. Every covenant, agreement or stipulation, whether entered into before o:r after the coming into force of this Act, whereby any party to a mortgage of land, a chattel mortgage, an agreement £or the sale of any land, or any agreement for sale or conditional agreement for sale of any personal property, or the executors or sncces,sors or assigns of any such party, is m'ade liable for the payment of any fees, charges or costs other than,- " (

a) the ,costs payable in respect of and by virtue of a judgment 'Or order of a ,court of co,mpetent j urisdic tion; " (

b) the costs of a mortgagee of land of and incidental to the making of a loan and the taking of the security and the ,costs of 8upervrising the construction or im provement of any building erected upon the mort gagedpre,mis1es ; shall be utterly null and void." 2. This Act shall 'come into force on the day upon which it is assented to. THIRD SESSION TENTH LEGISLATURE GEORGE VI BILL

An Act to amend The Vendors' and Mortgagees' Costs Exaction Act. Recei ved and read the First time. Second time ..................................... . Third time .................. . HON. MR. MAYNARD. EDMONTON: A. Shnltka, Kins's Printer Title: 1946 (10th, 3rd) Bill 60,

An Act to amend The Vendors' and Mortgagees' Costs Exaction Act

Document details

Collection	Alberta — Bills
Citation	L10 S3 7493
Type	bill
Volume / chapter	L10 S3 7493
Language	en
Format	json
Source	PROVINCIAL
Identifier	b9170e8eb0c90cde12a74488d0dc72d38c6f7d4c

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