A-33.3 - Act respecting the Autorité régionale de transport métropolitain

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88. The securities issued by the Authority are investments that are presumed sound as if they were mentioned in paragraph 2 of article 1339 of the Civil Code.
The commitments included in the securities issued by the Authority constitute direct and general obligations of the Authority and of the local municipalities whose territory is included in the Authority’s area of jurisdiction and rank concurrently and pari passu with all other general obligations of the Authority and the municipalities.
2016, c. 82016, c. 8, s. 3.
Not in force
88. The securities issued by the Authority are investments that are presumed sound as if they were mentioned in paragraph 2 of article 1339 of the Civil Code.
The commitments included in the securities issued by the Authority constitute direct and general obligations of the Authority and of the local municipalities whose territory is included in the Authority’s area of jurisdiction and rank concurrently and pari passu with all other general obligations of the Authority and the municipalities.
2016, c. 82016, c. 8, s. 3.