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A-6 - Financial Administration Act

Section 64
Disposition versions

Full text
64. (Replaced).
1970, c. 17, s. 64; 1977, c. 5, s. 14; 2000, c. 15, s. 166.
64. Every loan of the Government, by whatsoever legislative provisions authorized, may be effected, and the debentures or other securities issued in respect thereof may be made payable, in such currency and on such terms as the Government determines. Notwithstanding section 8, any document relating to such loan may be signed, on behalf of the Government, by any person appointed by the Government.
Whenever an Act of Parliament authorizing the Government to effect a loan limits the amount thereof, such amount shall be deemed to be the face amount of the debentures or other securities issued in respect of such loan, without regard to any premium which may be payable upon redemption and notwithstanding that such debentures or other securities may be sold at a premium or at a discount; and such act shall be deemed to authorize the borrowing of money either in United States funds or in Canadian funds, notwithstanding any difference in value existing between them at the time of the loan or thereafter.
1970, c. 17, s. 64; 1977, c. 5, s. 14.
64. Every loan of the Government, by whatsoever legislative provisions authorized, may be effected, and the debentures or other securities issued in respect thereof may be made payable, in such currency and on such terms as the Government determines. Notwithstanding section 8, any document relating to such loan may be signed, on behalf of the Government, by any person appointed by the Government.
Whenever an act of the Legislature authorizing the Government to effect a loan limits the amount thereof, such amount shall be deemed to be the face amount of the debentures or other securities issued in respect of such loan, without regard to any premium which may be payable upon redemption and notwithstanding that such debentures or other securities may be sold at a premium or at a discount; and such act shall be deemed to authorize the borrowing of money either in United States funds or in Canadian funds, notwithstanding any difference in value existing between them at the time of the loan or thereafter.
1970, c. 17, s. 64; 1977, c. 5, s. 14.
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