C-27.1 - Municipal Code of Québec

Full text
This legislative document is not trustworthy. Please contact your distribution service to notify them of the problem.
This legislative document is not trustworthy. Please contact your distribution service to notify them of the problem.
This legislative document is not trustworthy. Please contact your distribution service to notify them of the problem.
This legislative document is not trustworthy. Please contact your distribution service to notify them of the problem.
This legislative document is not trustworthy. Please contact your distribution service to notify them of the problem.
This legislative document is not trustworthy. Please contact your distribution service to notify them of the problem.
This legislative document is not trustworthy. Please contact your distribution service to notify them of the problem.
1065. (1)  Unless another previous authorization has been granted by the Minister of Municipal Affairs, no municipal corporation may sell the bonds it is authorized to issue under a by-law, otherwise than by written tender after a public notice published in the Gazette officielle du Québec at least 15 days before the date when the tenders are to be taken into consideration at a public sitting of the council of the municipality.
(2)  The council shall not, without the previous authorization of the Minister of Municipal Affairs, award the contract to any person other than the one who has made the most advantageous tender within the delay fixed.
(3)  Every tender must specify whether the price offered does or does not include the interest accrued on the bonds at the time of their delivery.
However a tender which does not contain such a statement may be accepted by the council if it appears to be more beneficial, provided, in such case, that the acceptance by the council be approved by the Minister of Municipal Affairs.
1919, c. 59, s. 27; 1942, c. 69, s. 10; 1943, c. 39, s. 3; 1977, c. 53, s. 47.