Bill 95 (Legislature 12, Session 2)

L12 S2 6641

Alberta — Bills

Bill No. 95 of A BILL TO AMEND THE MEDICINE HAT POWER PLANT EXTENSION ACT NOTE This Bill amends The Medicine Hat Power Plant Ex tension Act, being

chapter of the Statutes of Alberta, 1952. A new

section 5a is added. This

section requires that the city of Medicine Hat set aside the payments made to it by Calgary Power Limited for electric power as provided in paragraph (

a) of clause of the agreement between these parties of date 28th June, 1951 and as amended on the 6th of January, 1954. The moneys are to be held in a special account, are not to be part of the general revenue of the city, and shall be disbursed by the city to repay the debentures issued by the city for its power plant extension under By-law No. 1044. These requirements are in force while any such d'3benture remains outstanding. This Bill comes into force upon assent and is retroactive to the 6th day of January, 1954. J. W. RYAN, Acting Legislative Counsel. (This note does not form any part of the Bill but is offered in explanation of its provisions.) BILL No. 95 of

An Act to amend The Medicine Hat Power Plant Extension Act (Assented to , 1954) HE.R MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of Alberta, ena,cts as follows: 1. The Medicine Hat Power Plant Extension Act, being

chapter of the Statutes of Alberta, 1952, is hereby amended. 2. The following new

section is added immediately after New

section 5:

section 5a "5a.

(1) Notwithstanding anything contained in The Payment City Act or this Act or in the agreement between the city of Medicine Hat and Calgary Power Limited and contained in

Schedule B of this Act, the payment agreed to be made by Calgary Power Limited under paragraph (

a) of clause of that agreement "(

a) shall be held by the city of Medicine Hat in a special account in a chartered bank of Canada, " (

b) shall be deemed not a part of the general revenue fund of the city of Medicine Hat, and " (

c) shall only be disbursed by the city of Medicine Hat to repay the principal of all debentures issued pur suant to By-law No. 1044 of the city of Medicine Hat, together with the interest on those debentures as the payments fall due, for so long as any such debentures remain outstanding. "

(2) Order in Council No. 81-54 of January 20th, 1954, Ratification is hereby ratified, validated and confirmed." r~ g~~~~il 3. This Act comes into force on the day upon which it Coming into is assented to and upon so coming into force shall be deemed force to have been in force at all times on and after the sixth day of January, 1954. No. 95 SECOND SESSION TWELFTH LEGISLATURE ELIZABETH II BILL

An Act to amend The Medicine Hat Power Plant Extension Act Received and read the First time .................. . Second time .............. . Third time. HON. MR. GERHART Title: 1954 (12th, 2nd) Bill 95,

An Act to amend The Medicine Hat Power Plant Extension Act

Document details

Collection	Alberta — Bills
Citation	L12 S2 6641
Type	bill
Volume / chapter	L12 S2 6641
Language	en
Format	json
Source	PROVINCIAL
Identifier	d365603efa75cd6cc8f23c1ce91b2ceb41a20da5

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