C-19 - Cities and Towns Act

Section 561.3 Disposition versions

1996-05-08

561.3. Where repayment of 75% or more of the loan is to be borne by the owners of immovables of only a part of the territory of the municipality or by those who benefit from the works as determined under section 487, sections 561.1 and 561.2 apply as if the repayment of the entire amount of the loan were to be borne by them.

For the purposes of the first paragraph, that part of the territory of the municipality shall consist of a combination of several separate parts contemplated in the by-law only in the case where the owners of immovables of none of those parts are required to bear 75% or more of the repayment of the loan; the aggregate of the immovables of those who benefit from the works shall constitute such a separate part.

1987, c. 57, s. 724; 1996, c. 2, s. 204.

1988-01-01

561.3. Where repayment of 75 % or more of the loan is to be borne by the owners of immovables of only a part of the municipality or by those who benefit from the works as determined under section 487, sections 561.1 and 561.2 apply as if the repayment of the entire amount of the loan were to be borne by them.

For the purposes of the first paragraph, that part of the municipality shall consist of a combination of several separate parts contemplated in the by-law only in the case where the owners of immovables of none of those parts are required to bear 75 % or more of the repayment of the loan; the aggregate of the immovables of those who benefit from the works shall constitute such a separate part.

1987, c. 57, s. 724.