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C-19 - Cities and Towns Act

Section 564
Disposition versions

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564. Notwithstanding any inconsistent provision, the council may amend a loan by-law by a resolution requiring no approval if the amendment does not change the object of the loan and
(1)  does not increase the burden on the ratepayers or
(2)  increases the burden on the ratepayers by reason only of an increase in the rate of interest or the shortening of the term of repayment.
For the purposes of the first paragraph, the burden on the ratepayers is considered not to be increased where the additional cost arising from a change in the borrowing method is connected with the administrative expenses of the new borrowing method and nothing else.
The clerk shall send a copy of the resolution passed under this section to the Minister of Municipal Affairs, Regions and Land Occupancy.
R. S. 1964, c. 193, s. 602; 1966-67, c. 54, s. 5; 1968, c. 55, s. 148; 1970, c. 46, s. 2; 1975, c. 66, s. 29; 1977, c. 5, s. 14; 1984, c. 38, s. 40; 1986, c. 31, s. 14; 1999, c. 40, s. 51; 1999, c. 43, s. 13; 2003, c. 19, s. 250; 2005, c. 28, s. 196; 2009, c. 26, s. 109.
564. Notwithstanding any inconsistent provision, the council may amend a loan by-law by a resolution requiring no approval if the amendment does not change the object of the loan and
(1)  does not increase the burden on the ratepayers or
(2)  increases the burden on the ratepayers by reason only of an increase in the rate of interest or the shortening of the term of repayment.
For the purposes of the first paragraph, the burden on the ratepayers is considered not to be increased where the additional cost arising from a change in the borrowing method is connected with the administrative expenses of the new borrowing method and nothing else.
The clerk shall send a copy of the resolution passed under this section to the Minister of Municipal Affairs and Regions.
R. S. 1964, c. 193, s. 602; 1966-67, c. 54, s. 5; 1968, c. 55, s. 148; 1970, c. 46, s. 2; 1975, c. 66, s. 29; 1977, c. 5, s. 14; 1984, c. 38, s. 40; 1986, c. 31, s. 14; 1999, c. 40, s. 51; 1999, c. 43, s. 13; 2003, c. 19, s. 250; 2005, c. 28, s. 196.
564. Notwithstanding any inconsistent provision, the council may amend a loan by-law by a resolution requiring no approval if the amendment does not change the object of the loan and
(1)  does not increase the burden on the ratepayers or
(2)  increases the burden on the ratepayers by reason only of an increase in the rate of interest or the shortening of the term of repayment.
For the purposes of the first paragraph, the burden on the ratepayers is considered not to be increased where the additional cost arising from a change in the borrowing method is connected with the administrative expenses of the new borrowing method and nothing else.
The clerk shall send a copy of the resolution passed under this section to the Minister of Municipal Affairs, Sports and Recreation.
R. S. 1964, c. 193, s. 602; 1966-67, c. 54, s. 5; 1968, c. 55, s. 148; 1970, c. 46, s. 2; 1975, c. 66, s. 29; 1977, c. 5, s. 14; 1984, c. 38, s. 40; 1986, c. 31, s. 14; 1999, c. 40, s. 51; 1999, c. 43, s. 13; 2003, c. 19, s. 250.
564. Notwithstanding any inconsistent provision, the council may amend a loan by-law by a resolution requiring no approval if the amendment does not change the object of the loan and
(1)  does not increase the burden on the ratepayers or
(2)  increases the burden on the ratepayers by reason only of an increase in the rate of interest or the shortening of the term of repayment.
For the purposes of the first paragraph, the burden on the ratepayers is considered not to be increased where the additional cost arising from a change in the borrowing method is connected with the administrative expenses of the new borrowing method and nothing else.
The clerk shall send a copy of the resolution passed under this section to the Minister of Municipal Affairs and Greater Montréal.
R. S. 1964, c. 193, s. 602; 1966-67, c. 54, s. 5; 1968, c. 55, s. 148; 1970, c. 46, s. 2; 1975, c. 66, s. 29; 1977, c. 5, s. 14; 1984, c. 38, s. 40; 1986, c. 31, s. 14; 1999, c. 40, s. 51; 1999, c. 43, s. 13.
564. Notwithstanding any inconsistent provision, the council may amend a loan by-law by a resolution requiring no approval if the amendment does not change the object of the loan and
(1)  does not increase the burden on the ratepayers or
(2)  increases the burden on the ratepayers by reason only of an increase in the rate of interest or the shortening of the term of repayment.
For the purposes of the first paragraph, the burden on the ratepayers is considered not to be increased where the additional cost arising from a change in the borrowing method is connected with the administrative expenses of the new borrowing method and nothing else.
The clerk shall send a copy of the resolution passed under this section to the Minister of Municipal Affairs.
R. S. 1964, c. 193, s. 602; 1966-67, c. 54, s. 5; 1968, c. 55, s. 148; 1970, c. 46, s. 2; 1975, c. 66, s. 29; 1977, c. 5, s. 14; 1984, c. 38, s. 40; 1986, c. 31, s. 14; 1999, c. 40, s. 51.
564. Notwithstanding any inconsistent provision, the council may amend a loan by-law by a resolution requiring no approval if the amendment does not change the object of the loan and
(1)  does not increase the burden on the ratepayers or
(2)  increases the burden on the ratepayers by reason only of an increase in the rate of interest or the shortening of the term of repayment.
For the purposes of the first paragraph, the burden on the ratepayers is deemed not to be increased where the additional cost arising from a change in the borrowing method is connected with the administrative expenses of the new borrowing method and nothing else.
The clerk shall send a copy of the resolution passed under this section to the Minister of Municipal Affairs.
R. S. 1964, c. 193, s. 602; 1966-67, c. 54, s. 5; 1968, c. 55, s. 148; 1970, c. 46, s. 2; 1975, c. 66, s. 29; 1977, c. 5, s. 14; 1984, c. 38, s. 40; 1986, c. 31, s. 14.
564. Notwithstanding any inconsistent provision, the council may amend a loan by-law by a resolution requiring no approval if the amendment does not change the object of the loan and
(1)  does not increase the burden on the ratepayers or
(2)  increases the burden on the ratepayers by reason only of an increase in the rate of interest or the shortening of the term of repayment.
The clerk shall send a copy of the resolution passed under this section to the Minister of Municipal Affairs.
R. S. 1964, c. 193, s. 602; 1966-67, c. 54, s. 5; 1968, c. 55, s. 148; 1970, c. 46, s. 2; 1975, c. 66, s. 29; 1977, c. 5, s. 14; 1984, c. 38, s. 40.
564. Notwithstanding sections 365 and 366, the council may, by mere resolution requiring only the approval of the Commission municipale du Québec, amend a loan by-law before the sale of notes or bonds the issue of which it authorizes, provided that such amendments do not change the object of the loan and that they do not increase the burden on the ratepayers unless such increase is caused by the increase of the rate of interest or by the shortening of the term of repayment.
R. S. 1964, c. 193, s. 602; 1966-67, c. 54, s. 5; 1968, c. 55, s. 148; 1970, c. 46, s. 2; 1975, c. 66, s. 29; 1977, c. 5, s. 14.
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