S-21 - Act respecting the Société québécoise d’initiatives agro-alimentaires

Section 7 Disposition versions

1978-06-13

7. The Minister of Finance shall pay to the company, out of the consolidated revenue fund, during the first year of operation of the company, a sum of $3 000 000 and during each of the two following consecutive years, a sum of $3 500 000 for 100,000 fully paid-up shares of its capital stock, for which share certificates shall be issued to him in return for such payments as and when they are made.

The Minister of Finance shall also pay to the company, out of the consolidated revenue fund, during each of the fiscal years 1978/1979, 1979/1980 and 1980/1981, a sum of $3 000 000 for 90,000 fully paid-up shares of its capital stock, for which share certificates shall be issued to him return in for such payments as and when they are made.

The Minister of Finance is authorized to pay to the company, out of the consolidated revenue fund, with the prior approval of the Government, in one or several instalments, according to the needs of the company, a sum of $21 000 000 for 210,000 fully paid-up shares of its capital stock, for which share certificates shall be issued to him in return for such payments as and when they are made.

1975, c. 42, s. 7; 1978, c. 48, s. 2.

1977-12-31

7. The Minister of Finance shall pay to the company, out of the consolidated revenue fund, during the first year of operation of the company, a sum of three million dollars and during each of the two following consecutive years, a sum of three and one-half million dollars for 100,000 fully paid-up shares of its capital stock, for which share certificates shall be issued to him in return for such payments as and when they are made.

1975, c. 42, s. 7.