1967 Bill Fifth Session, 15th Legislature, 15 Elizabeth If THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL

An Act to amend The Glenbow-Alberta Institute Act THE PROVINCIAL SECRETARY First time .................................................................. .. Second time ............................................................... . Third time ................................................................. . Printed by L. S Wall, Queen's Printer, Edmonton BILL

An Act to amend The Glenbow-Alberta Institute Act (Assented to , 1967) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of Alberta, enacts as follows: 1. The Glenbow-Alberta Institute Act is hereby amended. 2. The following

section is added after

section 9: 9a. The Board of Governors may, by resolution, authorize (

a) the borrowing of such money from any chartered bank, treasury branch or other person as is con­ sidered necessary to meet the current expenditures and obligations of the Institute, and (

b) the giving of promissory notes, temporary deben­ tures or similar forms of obligation as security for any such borrowing, but no amount may be borrowed that would result in the total amount borrowed and outstanding exceeding the accrued income of the Institute. 3. This Act comes into force on the day upon which it is assented to. Explanatory Notes 1. This Bill amends

chapter of the Statutes of Alberta, 1966. 2. Institute empowered to borrow to meet current expenses. Title: 1967 (15th, 5th) Bill 58,

An Act to amend The Glenbow-Alberta Institute Act