Bill ID 1297 (Legislature 15, Session 5)

L15 S5 1297

Alberta — Bills

1967 Bill Pro Fifth Session, 15th Legislature, 15 Elizabeth II THE LEGISLATIVE ASSEMBLY OF ALBERT"'A BILL Pre

An Act to amend The Alberta Wheat Pool Act, 1929 MR. SAYERS First Reading ............................................................. . Second ReadinJ! ......................................................... . Third Reading ........................................................... . Printed by L. S. Wall, Queen's Printer, Edmonton BILL Pre 1

An Act to amend The Alberta Wheat Pool Act, 1929 (Assented to , 1967) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of Alberta, enacts as follows:

Short title 1. This Act may be cited as The Alberta Wheat Pool Act, 1929 amendment Act, 1967. 1929, c. 73 2. The Alberta Wheat Pool Act, 1929, being

chapter of the Statutes of Alberta, 1929 is hereby amended. Enacts s. 21a 3. The following

section is added after

section 21: rrocedure d 21a. A petition to the Legislative Assembly of the Prov ~~ntrr~nA~t inee of Alberta for amendment to this Act may only be made Amends s. 40 Purchase of reserves from corpor ate members Amends s. 47 by Alberta Wheat Pool upon compliance with all provisions for the amendment or repeal of by-laws of the d~legates whether contained in the said by-laws or in this Act. 4.

Section is amended by striking out clause (

h) and by substituting the following: (

h) from corporate members which have ceased to farm or to hold any interest in land capable of producing grain or seed in the Province of Alberta or those parts of British Columbia and Saskatchewan served by the facilities of Alberta Pool Elevators Limited and from corporate members which have been or are being dissolved, liquidated or wound up, and which have ceased to carryon business except for the purposes of such dissolution, liquidation or winding up;

Section 47, clause (

b) is amended by striking out the words "and (g)" and by substituting the words" (

g) and (h)" . Commence- G. This Act comes into force on the day upon which it is ment of Act assented to. Explanatory Notes 2. This Bill amends

chapter of the Statutes of Alberta, 1929. 3. A new

section 21a is added. At present a petition to amend the Act may be made on a simple majority resolution of the delegates. The by-laws of Alberta Wheat Pool provide that amend ments to by-laws may only be made on a 3/'5 favourable vote by the delegates. It was felt that petitions for amendments to the Act should likewise be made on such 3/5 vote. 4. 'Section 40, clause (

h) of The Alberta Wheat Pool Act, which permits the purchase of reserves from corporate members which are being dissolved, liquidated or wound up is amended. Clause (

h) pres~ntly reads: 40.

(1) When authorized by resolution of the delegates the Pool may use the commercial and elevator reserves or any earnings in its hands whi.ch have resulted from the use thereof to buy commercial and elev ator reserves, or either OJf them, which were accumula:ted by deduction under the marketing agreements, First and Second Series, or by opera tion of

section 35 (

b) hereof, (

h) from ·corporate members which have been or are being dissolved, liquidated or wound up and which have ceased to carry on busi ness except for the purposes of such dissolution, liquidation or winding up; This sectLon made no provISIOn for the purchase of reserves from corporate members who had ceased to farm or held interest in farm lands and accordingly it was felt desirable to amend the existing

section so as to permit the purchase of reserves from such corporate members. 5. Because of the amendments to

section 40, clause (

h) a con sequential amendment to

section is necessary i~ order to make it clear that the directors may cancel the membershIp of a corporate member whose reserves have been acquired by reason of their ceasing to farm or holding any interest in land. Clause (

b) of sec tion presently reads: 47 The Board of Directors may by resolution cancel the membership of a~y signer of the marketing agreement, First or Second Series, (lb)' ~h~'s'e reserves have been acquired by the Pool under

section 40, subsections (d). (

e) and 19). Title: 1967 (15th, 5th) Bill Pr1,

An Act to amend The Alberta Wheat Pool Act, 1929

Document details

Collection	Alberta — Bills
Citation	L15 S5 1297
Type	bill
Volume / chapter	L15 S5 1297
Language	en
Format	json
Source	PROVINCIAL
Identifier	bf37eff7a576d68cb0d97b49c1e14502bf80160d

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