C-37.1 - Act respecting the Communauté urbaine de l’Outaouais

Section 226 Disposition versions

1993-07-01

226. (Repealed).

1969, c. 85, s. 274; 1993, c. 36, s. 2.

0001-01-01

226. With the previous authorization of the Government, the Corporation, by regulation, may:

(a)  borrow money on its credit by any legal method and in particular by bills of exchange, notes or other negotiable instruments;

(b)  hypothecate or pledge its immoveables and give in security or otherwise encumber its moveable property to secure the repayment of its loans or the carrying out of its obligations;

(c)  issue bonds or other titles of indebtedness or securities and sell, exchange, mortgage or pledge the same;

(d)  notwithstanding the provisions of the Civil Code, hypothecate, mortgage or pledge, while retaining possession thereof, its moveable and immoveable property, present or future, to secure the payment of the bonds or securities issued, give a part only of such guarantees for the same objects, and constitute such hypothec, mortgage or pledge by trust deed in accordance with the Special Corporate Powers Act (chapter P-16) or any act that may replace it.

1969, c. 85, s. 274.