C-27.1 - Municipal Code of Québec

Section 1093 Disposition versions

2005-06-17

1093. Every municipality may, by resolution, order temporary loans for the payment of current administration expenses or expenses for which payment of a subsidy by the Government or one of its ministers or agencies is assured and may contract them on the conditions and for the period it determines.

Every municipality may also contract temporary loans for the payment of all or part of the expenses made in respect of a loan by-law.

M.C. 1916, a. 784; 1927, c. 74, s. 16; 1947, c. 77, s. 35; 1977, c. 5, s. 14; 1984, c. 38, s. 88; 1992, c. 27, s. 61; 1996, c. 2, s. 455; 1999, c. 43, s. 13; 2003, c. 19, s. 250; 2005, c. 28, s. 61.

2003-12-18

1093. Every municipality may, by resolution, order temporary loans for the payment of current administration expenses or expenses for which payment of a subsidy by the Government or one of its ministers or agencies is assured and may contract them on the conditions and for the period it determines.

Every municipality may also contract temporary loans for the payment of all or part of the expenses made in respect of a loan by-law. If, in that case, the amount exceeds 90 % of that of the bonds, notes or other securities the issue of which is authorized by the by-law, the municipality shall obtain prior authorization of the Minister of Municipal Affairs, Sports and Recreation.

M.C. 1916, a. 784; 1927, c. 74, s. 16; 1947, c. 77, s. 35; 1977, c. 5, s. 14; 1984, c. 38, s. 88; 1992, c. 27, s. 61; 1996, c. 2, s. 455; 1999, c. 43, s. 13; 2003, c. 19, s. 250.

1999-10-27

1093. Every municipality may, by resolution, order temporary loans for the payment of current administration expenses or expenses for which payment of a subsidy by the Government or one of its ministers or agencies is assured and may contract them on the conditions and for the period it determines.

Every municipality may also contract temporary loans for the payment of all or part of the expenses made in respect of a loan by-law. If, in that case, the amount exceeds 90 % of that of the bonds, notes or other securities the issue of which is authorized by the by-law, the municipality shall obtain prior authorization of the Minister of Municipal Affairs and Greater Montréal.

M.C. 1916, a. 784; 1927, c. 74, s. 16; 1947, c. 77, s. 35; 1977, c. 5, s. 14; 1984, c. 38, s. 88; 1992, c. 27, s. 61; 1996, c. 2, s. 455; 1999, c. 43, s. 13.

1996-05-08

1093. Every municipality may, by resolution, order temporary loans for the payment of current administration expenses or expenses for which payment of a subsidy by the Government or one of its ministers or agencies is assured and may contract them on the conditions and for the period it determines.

Every municipality may also contract temporary loans for the payment of all or part of the expenses made in respect of a loan by-law. If, in that case, the amount exceeds 90 % of that of the bonds, notes or other securities the issue of which is authorized by the by-law, the municipality shall obtain prior authorization of the Minister of Municipal Affairs.

M.C. 1916, a. 784; 1927, c. 74, s. 16; 1947, c. 77, s. 35; 1977, c. 5, s. 14; 1984, c. 38, s. 88; 1992, c. 27, s. 61; 1996, c. 2, s. 455.

1992-06-23

1093. Every corporation may, by resolution, order temporary loans for the payment of current administration expenses or expenses for which payment of a subsidy by the Government or one of its ministers or agencies is assured and may contract them on the conditions and for the period it determines.

Every corporation may also contract temporary loans for the payment of all or part of the expenses made in respect of a loan by-law. If, in that case, the amount exceeds 90 % of that of the bonds, notes or other securities the issue of which is authorized by the by-law, the corporation shall obtain prior authorization of the Minister of Municipal Affairs.

M.C. 1916, a. 784; 1927, c. 74, s. 16; 1947, c. 77, s. 35; 1977, c. 5, s. 14; 1984, c. 38, s. 88; 1992, c. 27, s. 61.

1985-01-01

1093. Every corporation may, by resolution, order temporary loans for the payment of current administration expenses and may contract them on the conditions and for the period it determines.

Every corporation may also contract temporary loans for the payment of all or part of the expenses made in respect of a loan by-law. If, in that case, the amount exceeds 90% of that of the bonds and notes the issue of which is authorized by the by-law, the corporation shall obtain prior authorization of the Minister of Municipal Affairs.

M.C. 1916, a. 784; 1927, c. 74, s. 16; 1947, c. 77, s. 35; 1977, c. 5, s. 14; 1984, c. 38, s. 88.

0001-01-01

1093. Notwithstanding the provisions of this Title, every corporation has power to borrow from time to time on notes, by a mere resolution and without other formality, the amounts required to meet the unforeseen and immediate needs of the corporation. Such loans must not be for a longer period than one year, and the council must collect and repay the sums so borrowed within the same period of one year.

Notwithstanding the provisions of this Title, every corporation which has work done, wholly or partly subsidized by the Gouvernement du Québec, may likewise, by by-law authorizing an issue of bills or notes for such purpose, borrow an amount of not more than the subsidy for the same period of time as that fixed for the payment of such subsidy. Such by-law is not subject to the approval of the electors who are property-owners, but must, before coming into force, be approved by the Minister of Municipal Affairs and by the Commission municipale du Québec.

Every infringement of this article shall render each member of the council in default liable to a fine of $100 recoverable by an ordinary action.

Such action may be taken by any ratepayer, in his own name, or by the corporation.

M.C. 1916, a. 784; 1927, c. 74, s. 16; 1947, c. 77, s. 35; 1977, c. 5, s. 14.