Nova Scotia Order in Council 9072/2000

O.C. 9072/2000

Nova Scotia — Orders in Council

OIC Number: 2000 - 135

Date of Order: Mar 31, 2000

Statute: Sydney Steel Corporation Act

OIC Text: The Governor in Council on the report and recommendation of the Minister of Finance dated March 23, 2000, pursuant to subsection 26(1) of

Chapter 456 of the Revised Statutes of Nova Scotia, 1989, the Sydney Steel Corporation Act, is pleased to: (

a) authorize the Minister of Finance, on behalf of Her Majesty the Queen in right of the Province, to (

i) pay to the Royal Bank of Canada the outstanding obligations of Sydney Steel Corporation, to a sum not to exceed $72,000,000, as presently guaranteed by the Province under the authority of Order in Council 95-10, as amended by Orders in Council 96-555, 96-611, 97-91, 97-115, 97-805, 98-112, 98-480, 1998-672 and 1999-126; (ii) pay to the Royal Bank of Canada the outstanding obligations of Sydney Steel Corporation, to a sum not to exceed US$2,220,000, as presently guaranteed by the Province under the authority of Order in Council 95-12, as amended by Orders in Council 97-804, 98-114, 1998-316, 1998-481, 1998-674 and 1999-125; (iii) assume the obligations to the Royal Bank of Canada with respect to the guarantee of the bid and performance bonds of Sydney Steel Corporation, as presently guaranteed by the Province under the authority of Order in Council 95-241, as amended by Orders in Council 97-804, 98-114, 1998-316, 1998-481, 1998-674 and 1999-125; (iv) pay to The Bank of Nova Scotia the outstanding obligations of Sydney Steel Corporation, to a sum not to exceed $72,000,000, as presently guaranteed by the Province under the authority of Order in Council 95-11, as amended by Orders in Council 96-556, 96-612, 97-92, 97-116, 97-806, 98-113, 1998-314, 1998-479, 1998-673 and 1999-127; (

v) pay to The Bank of Nova Scotia the outstanding obligations of Sydney Steel Corporation, to a sum not to exceed US$2,220,000, as presently guaranteed by the Province under the authority of Order in Council 95-13, as amended by Orders in Council 97-804, 98-114, 1998-316, 1998-481, 1998-674 and 1999-125; and (

b) authorize the Minister of Finance to execute such documents or instruments and to do any other act or exercise any power necessary or incidental to give effect to this Order.

Department(s): Finance

Document details

Collection	Nova Scotia — Orders in Council
Citation	O.C. 9072/2000
Date	2000-01-01
Type	order_in_council
Volume / chapter	2000 9072
Language	en
Format	html
Source	PROVINCIAL
Identifier	f0a02a4c139532eb38c824338159aa6cad1d35ef

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