Bill 5 (Legislature 4, Session 1)

L4 S1 9694

Alberta — Bills

BILL No.5 of 1918.

An Act to amend the Acts constituting the Edmonton Charter, and to validate and confirm certain By-Ia:ws of the City of Edmonton. (Assented to , 1918.)

WHEREAS a petition has been presented by the City of Edmonton for the amendment of The Edmonton Charter and for the validating of certain by-laws of said city; And

whereas it is reasonable that the prayer of the said petition should be granted; Therefore His Majesty, by and with the advice and consent of the Legislative Assembly of the Province of Alberta, enacts as follows: The Edmonton Charter is hereby amended as follows: 1. By striking out of subsection (

a) of the

section sub- Subsection (a), stituted by

section 15 of

chapter 24, 1915, for

section 84, l~.~~~'::"r::~ded the following words: "for one month immediately pre- ~~i;lification ceding the first day of June in the year for which the list of electors is being prepared," and by substituting therefor the follow- ing: "for three months immediately preceding the date of application for registration as hereinafter provided". ' 2. By repealing the sections substituted by

section 15 ~~~rk,~i~~ of. ch::pter 24, 1915, for sec~ions 85 and 86, and by sub- Jtit~'::"n~'i. stItutmg therefor the followmg: inserting 1 1 b substituted "85.

The assessor, or such ot leI' person as sha I e sections 85 designated by the council, shall during the usual office ~h~r~:r.o;s to hours from the first day of J anuarv to the thirtieth day of registratIOn of , .., electors who June in each year, at the civic offices on the north side :;,;;a:n~et~:r of the North Saskatchewan River and also at the civic ~et~een offices on the south side of the said river, receive or cause a~d fB~UjJ'y to be received the application of every person who claims to be entitled to have his name placed on the list of electors, and the officer in charge upon being satisfied that the applicant is so entitled or upon receipt of an oath, affirm- ation or solemn declaration of the applicant (upon a form to be furnished by such ofTiCCl') thn,t thc applicant is -duly qualified, shall place the name of such applicant, with his place of residence, on the list of electors; provided that in the case of a bank, incorporated company or corporation, the application for registration as an elector may be made by the chief officer thereof having his fixed residence in the city for the time being, and in voting, the vote of such bank, company or corporation may be given by such chief officer; and wherever it is necessary to administer to such officer any oath under the provisions of this part of this Act, the form set out in

section 271 of this Act may be used with such modifications as may be necessary. "86. As soon after said thirtieth day of June as is con- Date when . b I h h fi d f A h list of electors veIllent, ut not ater t an t erst ay 0 ugust, t e to be prepared assessor shall from the said lists prepare the list of electors, placing in alphabetical order the names so registered, in

2 their proper polling subdivisions, to be fixed by the council as hereinafter provided under

section 93, each subdivision by itself, also stating the place of residence or address of each elector in the case of persons, and in the case of banks, incorporated companies and corporations, the chief office or place of business in the city. "

(2) If the person registering is a resident of the city Where electo .... his name shall be placed in the polling subdivision in which to vote he resides. If he be not a resident of the city his name may be placed in any polling subdivision in which he is assessed for land. "

(3) The assessor shall upon the completion of said list NotiOt t-f of electors publish once a week for two consecutive weeks ~7'!i~tet~o:e in a newspaper or newspapers published in the City of published Edmonton a notice stating that such list has been prepared and may be inspected at the said civic offices." 3. By inserting therein the following clause: ~~:.f~~~s "(91a) After a person whose name appears on the register • . . every year assessment roll has once regIstered as herembefore provIded, his name shall be continued on the list of electors so long as it remains on the assessment roll." 4. By striking out the word" no" in line twelve of

section Amending . . , d b

section 221 221, and by substitutmg therefor the word "any' ; an y inserting the word "not" between the words "shall" and "be" in the said line twelve. 5. By repealing the

section substituted by

section 19 of Aflterinl! ':1lode . b' . 0 prepanng

chapter 24, 1915, for

sectIOn 251, and by su stltutmglistofburgesses therefor the following: "251. For the purpose of taking the votes of the burgesses upon any matter requiring such assent, the assessor in each year shall prepare (either as part of the list of electors or in a separate list) a list of burgesses entitled to vote; that is to say, all electors who are assessed on the last revised assessment roll in respect of lands of the assessed value of two hundred dollars and upwards. "

(2) In case the said lists are separate the provisions 'proviBio~ t . of sections 86 to 92 inclusive, regarding the preparation, ~';,:tb~r~:":'· publication and correction of the list of electors, so far ~~~~r":t~ as the same are applicable, shall mutatis mutandis be applicable to the list of burgesses, and the council may at any time direct that said list be typewritten instead of printed." 6. By inserting therein the following section: Debentures may be made "293a. Whenever by any by-law of the City of Ed-l3~lti!l!e in monton heretofore or hereafter passed, debentures of the currekfY .

City of Edmonton are authorized to be issued and the ~f t~S.A~lD amount for which the issue of debentures is authorized is expressed in the currency of Canada all or any of such debentures and the coupons thereto attached may never- theless be made payable in the currency of the United Kingdom of Great Britain and Ireland or in gold coin of the United States of America as provided by The Currency Act, 1910, or as to part thereof in one or part thereof in the other of the said moneys of equivalent value, and may be made payable at any place or places in Canada, Great Britain or the United States of America or elsewhere; the equivalent value of said moneys shall be the value provided in The Currency Act, 1910."

3 7. By striking out at the end of the

section substituted Am~nd~ by

section 78 of

chapter 28, 1916, for

section 305, all ile ~~c;~~~ :8. words after and including the word "provided", being the 11)16 last six lines thereof. 8. By inserting after the word "same" in line five of Am~nding b · dd d . 3 b . 77 f h

sectIOn 309 su

sectIOn 5 a e to

sectIOn 09 y

sectIOn 0 c apter as amended by 28, 1916, the words, "and with such provisions for redemp- ~~';.~~/I8. tion"; and by strikin/2; out at the end of parap;raph (a) 1916 of said added suln.;ection .5 the wordH "t1H they bceome due", and by substituting therefor the words "in the manner provided". 9. By adding to subsection 5 of

section 320 the following: fNo exemp~ion "P 'd d h h b . h 11 1 . rom taxatIOn rOVl e t at tea ove exemptIOn s a not app y III of s~hool. th f 11 h 1 . fl' earned on e case 0 any co ege, sc 00, semmary 0 earnmg or for profit hospital carried on as a commercial undertaking and not in receipt of governmental or municipal grants." 10. By striking out from the

section substituted by Amending

section 23 of

chapter 46, 1917, for

section 321, the word~: ~~';.~~~r216. "In estimating its value regard may l1e had to its situation 1917 and the purpose for which it is used or for which if sold by the owner it could and probably would be used in the next succeeding twelve months". 11. By repealing, except the form of assessment roll fhangf' of therein set out,

section 323 substituted by

section 4 of f~~:'n~kr::r h 17 f . 3 d d b b assessment c apter 46, 19 , or sectIOns 23 an 324, an y su -rolls. stituting therefor the following: "323. The revised assessment roll of lands and special franchises of the city for the year 1918 as confirmed, altered and amended by the judge shall become and be the revised assessment roll of the city for the year 1919. "324. In the year 1919 and each year thereafter the assessor shall, not later than the thirty-first day of October, make up the assessment roll or rolls for the city for the next succeeding year, which may be in the following form with such variations as may be required: " (Form same as Cap. 46.) "The provisions of this

section 6 shall come into force and effect on the first day of January, 1919." 12. By striking out from the form of notice set out in

section 327 the word "twenty-one", and by substituting therefor the word "thirty". 13. By striking out in

section 337 the words "fifteenth day of June", and by substituting therefor the words "thirty-first day of December". 14. By striking out of

section 342 the words "thirtieth day of June", and by substituting therefor the words "twentieth day of January". 15. By striking out of

section 344 the words" second day of July", and by substituting therefor the words "thirty first day of January". 16. By striking out of subsection 6 of

section 347 the word "September", and by substituting therefor the word "March".

4 17. By striking out of

section 3GO the word" Peptemcer", and by sUbstituting therefor the word "April". 18. The above sections 13, 14, 15, 16 and 17 shall come!~~i:ions into force and effect on the first day of January, 1919. j~~~a~~e[.ti~e 1919 19. By strikillC; out of subsection (

a) of

section 347a the Anwndinlt d Ii' " d ,. h f scetion!347a wor s as fixed by the Judge", an by Substitutmg t .ere 01' the words "as shown by the revised aSflessment roll", and by stl'ikin~ out from sub~:ection (71) of said

section 347a, the wO:'ds "as fixed by the judge", and by substituting therefor the words "as finally passed by the council under

section 345", ~O. By rEpealing

section 353 and by substituting therefor Spction 353 , IT~~~ the followIng: new Roction "353 Th '1 h 11 ' h fi b bid substituted • e counCI s a In eac year x y y- aw an Council to assess and levy upon all land and special franchises assessed ~;t:s~n:t~~ upon the last revised assessment roll, such rate or rates as shall be necessary to raise the estimated amount of money required for tl e use of t1-..e city during the year, together with such sums as shall be annually required by the various school trustees having jurisdiction within the city for school purposes, making due allowances for estimates of revenue from other sources, the costs of collection and for the abatement of taxes and for taxes which may not be collected; but the council shall not levy in anyone year for municipal purposes, exclusive of debenture rates, school rates and local improvement rates, more than an aggregate rate of two cents on the dollar upon the total value of assessable lands and special franchises in the city according to the last revised assessment roll thereof.

"

(2) The council may make the said allowance for taxes which may not be collected by way of such extra rate as they deem necessary, and in such case in addition to the ordinary tax receipt shall issue to every person paying the same a certificate therefor, wbich certificate and the sum therein mentioned shall be assignable in all respects as a chose in action and may bear interest at such rate and be repayable at or within such time and upon such other terms and conditions as the council may in said by-law specify, and the city shall be bound to accept such certificates at face value with accrued interest as cash at tax sales as against arrears of taxes of the year in which such extra rate or super t'ax was imposed." 21.

By striking out of

section 366 the words "and in

Section 366 . amended any case not later than the first day of November III each year". 22. By repealing

section 368 and by substituting therefor Bectiolnd368d • repea e an the followIng: new

section "368 TI 'I b 1 fi d 11 h . substituted • Ie counci may y- aw x an a ow sue varylllg in r~ference discounts or reductions for the payment of the aforesaid !~:tI~~~~Iit\~B taxes or any part thereof or instalment thereof on or before upon taxes the day or days provided for the dates of payment; and they may also provide that no such taxes or instalments shall be received by the assessor unless and until all arrears in respect to the lands for which such taxes are tendered are paid. "

(2) In the event of any of the aforesaid taxes remaining When penaltie. , . fi d f to be added to unpaId atter the thlrty- rst ay ot December 0 the year new taxes for which the same are imposed, there shall forthwith and every three months thereafter, viz., the first of January,

5 April, July and October, in each year, be added thereto by way of penalty a sum equal to two and one-half per centum of the amount of the taxes remaining unpaid, and the said penalties shall be compounded on the thirty first day of December of each year, and such amount or amounts so added shall be added to and thereupon become part of taxes or assessments or rate or instalment; and nothing in this

section contained shall be construed to extend the time for payment of the said taxes, nor in any way to impair the right of distress or any other remedy which is provided by this or any other Act for the collection of taxes. "

(3) The penalties for non-payment above provided for When penalties shall be added to all taxes (other than 1917 taxes) in arrear;~ ~:x:~~~~ on the first day of April, 1918, and thereafter on the same In arrear and on the 1917 arrears; and all penalties heretofore imposed and appearing on the rolls of the city are hereby validated and confirmed." 23. By inserting between the words "taxes" and "paid" ~:!~d~371 in

section 371, the words "charges and costs". 24. By adding after the word "costs" in line five of

Section 372

section 372, the words" and a charge for collection to be amended fixed from time to time by the council, which shall not exceed two and one-half per centum of the amount collected" ; and by inserting between the word "taxes" and the word "and" in line eight, the word "charges". 25. By inserting between the words "debentures" and ~::~d~t80 "in" in the second line of

section 480, the words "for the purposes mentioned". 26. By adding to

section 484 the following subsection:

Section 484 "

(3) Provided that in establishing the first grade of N~ed~::'~ge any highway from the original grade of the natural ground ~~r ~~d~ change the abutting owners shall not be entitled to any damages or compensation unless the judge or arbitrator shall be of opinion that the grade as established or being established is, considering all the circumstances, an unnecessary or unreasonable one." 27. By inserting after the word "city" in the first line K~h~ar8 of

section 503, the words "and the fee thereof". vested In city 28. By striking out of

section 506 the words "in at least Sectio! j06 two weekly issues of a" where they occur therein, and amen e by substituting therefor "once a week for at least two successive weeks in some". 29. By striking out the first twelve lines of

section 523 ~:::':~d~323 and by substituting therefor: "523. Every such penalty, license fee, or penalty and license fee, may (unless other provision is made in respect thereof) be recovered and enforced with costs by

summary conviction before any police magistrate or justice of the peace having jurisdiction in the city, and in default of payment thereof forthwith or within a limited time, the said magistrate. or justice may order the same to be levied by distress and sale of the goods and chattels of the de fendant or that the person convicted (if not a corporation) may be committed to jailor to any public lockup for any time determined by the said magistrate or justice not

6 exceeding thirty days and with or without hard labour, unless such penalty, license fee, or penalty and license fee and costs, including the costs of the committal and of the conveyance of the person convicted to the said jail or lockup are sooner paid." And by adding to said

section 523 the following sub section: "(:3) WherD allY building i~ ereeted being erected or Actio'.' to .. ' . restrain breaoh used or any land IS used m contraventIOn of any by-law of by.-Iaws in f h · h} b h fbi . f certam cases o t e CIty or were t le reac 0 a y- aw IS 0 a con- tinuing nature, in addition to any other remedy provided by this Act and to any penalty imposed by the by-law, such contravention may be restrained by action at the instance of the city." 30. By striking out of

section 15 of

chapter 28, 1916, ~h~~~:'~~' " (2)" and by substituting therefor "(3)". 1916, ame':'ded 31. . By repealing

section 35 of said

chapter 28 and by Seotion 35,

chapter 28, substituting therefor the following: 1916'1 d d "T 1 11 f l' f repea e an 35. he treasurer s la prepare a copy 0 the 1st 0 new "ection lands to be sold as authorized by this Act, including therein substituted in a separate column a statement of the proportion of costs chargeable to each lot, piece or parcel and the sum of twenty-five cents for each lot or parcel (all of which costs shall be deemed to be incurred when the contract for advertising or printing the list is let), and shall cause the said list to be published in at least one newspaper published in the city or if directed by the council the said list may be printed.

And the treasurer for the six consecutive weeks preceding the day of sale shall publish in such news- paper a notice in the following form: "Sale of Lands in the City of Edmonton for Arrears of Taxes. "N otice is hereby given that certain lands in the City of Edmonton will be offered for sale for arrears of taxes (stating the day, time and place where and when the said lands are to be sold and the names of the newspaper or newspapers and the dates of the issues thereof in which a full list of the said lands may be found, or stating that a printed list of the said lands may be obtained on application to him). "

(2) For the purpose of advertising or printing, such condensed descriptions of the properties to be sold may be used as will identify them. "

(3) The council shall from the current revenue of the . city furnish the treasurer with such funds as shall be necessary for the carrying out of the sale, and the same shall be a first charge upon the moneys realized by the sale." 32. By striking out the word "The", being the first Seotion 36 of d . f'd h 28 d b b' .

chapter 28 wor of

sectIOn 36 0 sal c apter ; an y su st1tutmg amended therefor the following: "If the list is advertised the." 33. By striking out of

section 39 of said

chapter 28 the Secti'd':J9 words "and notice", and by substituting therefor the amen words "or list". 34:. By repealing

section 46 of said

chapter 28 and by ~:~~:S!I4~!d substituting therefor the following: new ~eotion • • substituted "46. When a smgle lot or parcel of land IS owned by different parties and assessed in separate parts, portions or interests, every such separate part, portion or interest may be sold for the taxes in arrear thereon respectively."

7 35. By repealing sections 47 and 48 of said

chapter 28 ~7cti°d~8 and by substituting therefor the following: rep:~led.and "47. If no bidder appears for any land for the full amount ~~l%:i~,~\~d iii f - f t t d h tL t·· 1 11 Lands not sold o arrears 0 axes, cos s an c arges, U.e 1easurer s 1a at tltX sales there and then sell the same to the city at the upset price; ~~~~ ~~Jci~~d provided, however, that if sold to the city and if any bidder or bidders appear at any adjourned sale or sales, if any, and request that any lands so sold to the city be again put up for sale, the treasurer shall forthwith again offer the same for sale. "

(2) If sold to the city it shall not be necessary for any payment of the p11rchase money to be mn.de, and tho certificate of sale shall be issued to the city by the treasurer, and so far as may be the provisions of tbe law with reference to redemption shall apply to such sales. "

(3) The city may at any time assign and transfer such certificate." 36 •. By: striking out

section 5~ of said

chapter 28 and by ~:;!~'l~d5!nd Substltutmg therefor the followmg: new section: "Th h h 11 . f h ' substituted 54. e tax purc aser s a on receIpt 0 t e treasurer s Rights of tax certificate of sale become the owner of tLe land so far as ra'::'d~I:'1dihim to have all necessary rights and powers for protecting tIe same from spoliation or waste until the expiration of tl e term during which the lands may be redeemed, but shall not have any right to the possession of the said lands unless there be during said term any buildings upon said lands which may become vn.cant, in which event he shall have the right to take possession thereof and from time to time rent the same and expend such moneys as may be reasonably necessary to keep such buildings in tenantable repair; and he shall be accountable to the owner for the net proceeds received by him in the event of the said htnds being re- deemed; and he shall further have the right to pay taxes upon said lands and to be reimbursed therefor as provided in sections 56 and 61. .

"

(2) The assessor shall send to the tax purchaser a duplicate notice of assessment and a duplicate tax demand." 37. By inserting after

section 56 of said

chapter 28 the Tidme fOt~ f • • re emp IOn 0 follOWIng sectIOn: lands hereafter "56 'N t . h d' h . . fl' A sold for taxes a. 0 WIt stan mg t e prOVISIOns 0 t lIS ct or to be one year any other Act relating to the City of Edmonton, the time for redemption in respect of any lands sold or offered for sale for arrears of taxes after the first day of January, 1918, shall be one year from the date of sale, exclusive of that date. "

(2) All lands not sold at the tax sale held in the year 1917 shall again be offered for sale at the next tax sale." 38. The council may enter into agreements for the Council k f f h may rna e payment 0 arrears 0 taxes upon suc terms as may be agree~ents d d d· t th t t t t regardmg pay-agree upon an may Irec e assessor no 0 re urn 0 ment of arrears the treasurer or the treasurer not to sell lands in regard to of taxes which any agreement is made until directed by the council.

(2) All agreements heretofore made for said purposes are hereby validated and confirmed.

(3) In the event that arrears of taxes on any lands respecting which such agreement is made shall have been borrowed against and the said lands in consequence should

8 be brought to tax sale, the council shall at the close of the sale, out of current revenue or othcrwit-:e, pay to the sinking fund trustees any balancc of such arrears so borrowed against. 39.

Where. power is given to the city. to ?orrow money ~~~~o~ay on tte sccunty of debentures or otherwIse, It may borrow of sec'kity the whole or nny part of the amount on t.re security ofo BtoC illH(~libcd or H'I-!;i:,Lered ~;tock hereinafter tenllcd "Hinck," wbch shall be tt "alid and binding ehnrge upon the city secured upon its gcneral rates and rcvenucs .. 4(J' Such stock shall be styled Ii City of Edmonton Regulations. • .. . . transfer, eto.

Consolidated t;tock." The city may issue certIficates for such stock in such form as the council 'may approve, and the stock shall be subject to such regulations as the council may deem advisable. 41. All the provisions of The Edmonton Charter and Othe!. • • prOV1SlOnR amendments thereto shall, III so far as the same are apphc- of CI~art.ler 11 d " . h ] 1" app Icab e

a) e an· are not ll1COllHIRtent WIt t 1e cxpressec prOVIsIOns relating to stock, apply equally to stock and debentures or either of them. 42. The stock shall bear interest at such rate as the Interest council may dcom expedient, payable semi-annually, and may be made payable as to both principal and interest in sterling money or in currency or in gold coin of the United States of America as authorized by The Currency Act, 1910, at an office or offices to be named in any part of Great Britain, the United States or Canada, or else where. 43.

The stock may at the time of issue be made redeem- Redemption able at a fixed period, or the city may also 'stipulate for the option of redemption in whole or in part after a certain pedod and before the final maturity of the stock by giving six months' previous notice to the holders of the stock proposed to be redeemed, such notice to be given by registered letter addressed to the registered holder of the stock at his address as it appears on the register. 44.

In order to further secure the advantage of homo- Consolidated geneous long term securities, the council may from time loans to time, after the passing of by-laws covering the several amounts required whether for local improvements or other- wise, and without in any way affecting the provisions for the levying of the annual rates or in the case of local improve- ments the liens on the property therein described, consolidate the amounts and issue consolidated stock therefor. Any unsold debentures or consolidated stock may form part of a later consideration.

(2) When the sinking fund and the special assessment Inve~tment. levied under any by-law so consolidated shall have reached g,e~t~:~fy an amount sufficient to discharge the debt created under the by-law, the amount may, pending the maturity of the consolidated stock, be invested in any of the securities authorized for the investment of the sinking fund, or it may be applied directly to the extinguishment of a cor responding amount of the outstanding debt of the city by the purchase and cancellation of stock; and the consolidated stock may be made of a final maturity not exceeding fifty years.

9 45. The powers given by the foregoing

section shall be qObterts exercised by virtue and under the authority of a by-law 0 y- aw which shall be approved by an affirmative vote of at least an absolute majority of all the members of the council, and such by-law shall state whether by recital or otherwise- (

a) The total amount of the consolidated loan, specify ing the individual by-laws with the reRpective amount authorized unuer each anu the respective arrangements for sinking funds thereunder; (

b) The term for which it is made, and the provisions for the reuemption thereof at maturity; (

c) The l'aLc of interest thereon, and the date on which it is payable; (

d) Particulars of the place or places of issue, regis tration, transfer, payment of interest, and redemp tion of the capital at maturity. 46. The council shall have the following powers: Powers . (

a) It may from time to time declare all or any of the of counCIl debentures or of the public securities issued by the city to be convertible into Rtock, and any block or blocks of stock convertible into deben- tures or into stock certificates payable to bearer; (

b) It may authorize the issue of an equivalent amount of such stock in exchange for such debentures or other securities, and for debentures issued or other securities authorized but not sold or disposed of; . (

c) It may, on such conditions as it may determine, authorize the creation and issue of stock for the purpose of redeeming any outstanding debentures or other securities, and of paying any expenses in connection with such redemption or the carrying out of the provisions of this Act; (

d) Any such conversion of debentures or other securi ties into stock, or of stock into debentures, may be effected either by arrangement with the holders of such debentures or other securities or by the purchase thereof out of the moneys received by the sale of new stock, or partly in one way and partly in the other. 47. The consolidating by-law shall provide for rai~ing :io-!id'e }~r annually during the currency of the loan a sum suffiCIent annual rate to pay the interest, and also a sum, by way of sinking fund, sufficient, with interest thereon at four per cent. per annum compounded yearly to retire the stock at maturity.

(2) Such provision shall be sufficiently complied with by the levy of rates under the separate by-laws to an amount equal to or greater than the sinking fund and interest of the consolidated debt. 48. If, in any year, the amounts levied for interest ~f luffievy. •• lOS ment under the separate by-laws are InSUffiCIent to meet the deficiency to interest of the consolidated debt, or if the aggregate levies ~:n~~~~ by for sinking fund purposes under the separate by-laws up to that time are insufficient to meet the sinking fund of the consolidated debt, the council shall provide for the difference and levy and collect the same by a general rate.

(2) Such levy shall not relieve land specially assessed from the spedal rate nor prejudice the city's right to recover the amounts from persons liable therefor in any manner authorized by law. .

10 49. Nothing in this Act shall operate to allow of an No inc!ease in . . 1 tl· d f I th "lJthonzed Increase m t 1e au lOrIZe amount 0 any oan except at, loan where stock is issued in exchange for debentures or other securities bearing a higher rate of interest than such stock, an additional amount of stock may be iflsued to make up the difference in the current Raleable value between Rueh debentures and stock. 50.

The council mny nppoint one or more fiscal agents I'()w~r " in the City of London, England, nnd elsewhere, and may ~~cii~~~~ts enter into an agreement with them as to the rate of com~ pensation to be allowed for their services, in addition to the expenses incurred by them on the city's behalf, in providing for all or any of the following matters: (

a) The issue of debentures or stock, treasury bills and liM\es of t similar securities, and the inscription or registration sca agen of stock in registers to be kept at the offices of the fiscal agents or elsewhere; (

b) Issuing allotment letters and provisional scrip certificates to represent moneys paid up on account of any debentures or stock pending the issue of the final certificate; (

c) The issue of debentures or stock certificates and the signature of the same; (

d) Issuing stock certificates to bearer, and as often as occasion shall arise, re-registering or reinscribing the stock represented by such certificates; (

e) Effecting the conversion of debentures or other securities into stock arid regulating the transfer of stock; (

j) The transfer of stock from one place of registry to another; (

g) Paying interest on debentures or stock or the capital sums represented thereby; (

h) Negotiating loans on the security of authorized by-laws or other securities of the city; (

i) Receiving from time to time all moneys on the city's behalf, and paying out such moneys as the city may direct; (

j) Generally for conducting all business connected with debentures or the issue and service of stock and the inscription, registration and transfer thereof, including arrangements for the listing of such securities on any exchange and paying any governmental duties or taxes in connection there with. 51. No officer or person employed in the inscription, Trusts registration, transfer, management or redemption of any of the aforesaid securities, or in payment of any dividend or interest thereon, shall be bound to see to the execution of any trust expressed or implied to which such securities are subject. 52.

The council may do or cause to be done all things Prer• "I which may be required by any stock exchange in reference 0 counCI to the securities herein referred to and to their issue and to the listing thereof, and may pay any governmental duty or tax in respect thereof. 53. Where permission has been granted by the Board of ~~t~cke~~I~~ Public Utility Commissioners pursuant to sections 88 and inconvertible 89 of The Public Utilities Act and no successful application has been made within six months of the passing of a by-law

11 or consolidated by-Itt\\! l1uthorizing Ole iSHue of "tock, tIl(' jurisdiction of the council to pass the by-laws and tlw legality of th issue of all stock iSRuf'd thereunder shall upon the expiration of a period of six montLs be thereupon conclusively established and ih; validit.y shall not be open to question in any court,

(2) Sucll stock Rhall be valid and himlillg u1>01I the city and upon the property rateable for tl!(' payment thereof and interest th<'l'pon, 54:. Notwithstanding anything to tre contrary whatsoever "hee! raih",·. "d d' 1 1 h toll.

"wi la"" the elty IS hereby eclal'ed to have an It S la 1 have t e "'")' h" d I , d' 'd tl '1 dl:ll'I'.cl on power an aut 10rIty to IV1 e 1e telTltory a ong, over or ll1il.a~e n"ei' through which nny of its tramway lines are operated into zones and ('harge separate freight amI passenger tolls and fares for each zone into or through whch freight 01' passen- gers may be transported or may Icy)' and collect Ruch tolls and fares in ancordance with the distance freight or passengers are transported, 55.

By adding at the end of each of sections 444 and 458 ~:~t~~~s 4iiS the ,vords "and with the same priorities", amender!

:\0.5. FIRRT RES810~ ~lO(JR.~rH JJl£HJf-;LATLJRE H GEORHE \" 1 H 1 g HILL All.-\.ct to amend the Acts constituting The Edmonton Charter, and to validate and confirm certain Bv laws of the City of Edmonton.' It{;e(~i\'(~d alld read the First time>. S('('ond time. Third time . . :Un .. -\.. F. EWING. ED;'\lONTON: J. W .. JEFFERY. KINU'1i PUINTEU A D. 191~ Title: 1918 (4th, 1st) Bill 5,

An Act to amend the Acts constituting the Edmonton Charter, and to validate and confirm certain By-laws of the City of Edmonton

Document details

Collection	Alberta — Bills
Citation	L4 S1 9694
Type	bill
Volume / chapter	L4 S1 9694
Language	en
Format	json
Source	PROVINCIAL
Identifier	e79175954c658c81f897c053786cfbafbd2046c9

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