58.1. Municipal housing bureaus may, where authorized by the Minister, be amalgamated.
Bureaus which propose to amalgamate may enter into an agreement for that purpose setting out the terms and conditions of the amalgamation and the manner in which it will be carried out and containing the information required by subsection 1 of section 57 and any other information required for the carrying out of the amalgamation and for the administration and operation of the new bureau.
Any bureaus having entered into such an agreement may, by a joint petition, request the Lieutenant-Governor to issue letters patent confirming the amalgamation.
The petition must include
(1) favorable recommendations from the Société and from each municipality having requested the constitution of the petitioning bureaus;
(2) an authenticated copy of the agreement and of the resolution of the board of directors of each of the petitioning bureaus authorizing the entering into of the agreement;
(3) the authorization of the Minister.
The Lieutenant-Governor may, on the conditions set out in the petition, issue letters patent to constitute the bureau resulting from the amalgamation as an association with legal personality. Subsections 1 and 2 of section 57, adapted as required, apply to the constitution of the new bureau. As of the date of issue of the letters patent, the petitioning bureaus shall be amalgamated and shall form a single bureau under the name stated in the letters patent. The bureau is the agent of each municipality having requested the constitution of the amalgamated bureaus.
The newly constituted bureau shall possess all the property, rights, privileges and franchises, and be subject to all the contracts, liabilities, disabilities and duties of each of the bureaus so amalgamated.
All rights of creditors against the property of the amalgamated bureaus, and all liens upon their property shall be unimpaired by the amalgamation. All debts and obligations of the bureaus shall, from the date of issue of the letters patent, attach to the newly constituted bureau, and may be enforced against it and be made executory to the same extent as if such debts and obligations had been contracted by it.
Subsections 3 to 6 of section 57 and section 58, with the necessary modifications, apply to the bureau resulting from the amalgamation.
1997, c. 93, s. 145; 1999, c. 40, s. 273.