C-77.1 - Aquaculture Credit Act

Full text
48. Notwithstanding any general law or sepcial Act to the contrary, municipal and school corporations may invest the sinking-funds for their borrowings in acquiring bonds issued by the Office.
The same applies to the Minister of Finance when he administers the sinking-funds.
The bonds of the Office shall be securities in which investments referred to in article 981o of the Civil Code, in sections 243 to 274 of the Act respecting insurance (chapter A-32), and in section 8 of the Trust Companies Act (chapter C-41) may be made.
1984, c. 21, s. 48.