Bill 76 (Legislature 6, Session 1)

L6 S1 9245

Alberta — Bills

BILL No. 76 of 1927.

An Act respecting the Central Canada Railway Company. (Assented to ,1927.) WHEREAS, the shares of the issued capital of the Cen tral Canada Railway Company (hereinafter called "the Company") are lawfully and completely vested in the Min ister of Railways and Telephones or his nominees; and Whereas, it is estimated that it will be necessary to ad· vance to the Company the sum of one hundred and fifty-two thousand, five hundred and eighty-two dollars and fifty cents to defray the cost of maintenance, upkeep and equipment of the railway of the Company; Now, therefore, His Majesty, by and with the advice and consent of the Legislative Assembly of the Province of Alberta, enacts as: follows: 1..

The Lieutenant Governor in Council may raise by way of loan the sum of one hundred and fifty-two thousand', five hundred and eighty-two dollars and fifty cents, and may without any further or other appropriation than is contained in this section, make advances to the Company up to such sum as and whenever the same may be required for the purpose of defraying the cost of maintenance, improvement. upkeep and equipment of the railway of the Company. 2. Notwithstanding any other statutory provision, the Company shall have power to borrow and give security for any sums lent to it under the provisions of this Act. 3.

The Lieutenant Governor in Council may lend all moneys hereinbefore provided for at such time or times, at such rate of interest, upon such security and upon such other terms not inconsistent with this Act as he may determine. 4. This Act shall come into effect. .................. . No. 76. FIRST SESSION SIXTH LEGISLATURE GEORGE V BILL

An Act respecting The Central Canada Railway Company. Received and read the First time .................. . Second time ................ . Third time .......... '" ..... . HON. MR. SMITH EDMONTON: W. D. McLEAN, ACTING Kum's PRINTER A.D. 1927 Title: 1927 (6th, 1st) Bill 76,

An Act respecting the Central Canada Railway Company

Document details

Collection	Alberta — Bills
Citation	L6 S1 9245
Type	bill
Volume / chapter	L6 S1 9245
Language	en
Format	json
Source	PROVINCIAL
Identifier	f80caf1a9f026580109626ec4d979019a62c5bc3

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