S-22 - Act respecting the Société québécoise d’initiatives pétrolières

Section 9 Disposition versions

1977-12-31

9. The Minister of Finance is authorized to pay to the Company, out of the consolidated revenue fund, with the prior approval of the Government, a sum of $25 000 000 for 500,000 fully paid-up shares.

Such payments may be effected in one or several instalments, as the activities of the Company may require, before 31 March 1983; if it is made in several instalments, each of them must receive the approval contemplated in the first paragraph.

1974, c. 25, s. 2.