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C-37.2 - Act respecting the Communauté urbaine de Montréal

Section 228
Disposition versions

Full text
228. Sections 7 and 8 and Divisions V, VI, VIII to X and XII of the Act respecting municipal debts and loans (chapter D-7) apply to the Community. The treasurer or any other officer designated for that purpose by the executive committee shall fulfil the obligation mentioned in section 24 of the said Act.
The Minister may cause the certificate contemplated in section 12 of the said Act to be affixed to a security issued by the Community under a by-law in force. The validity of a security bearing such certificate is not contestable.
Division IX of the said Act does not apply to a security that is not subject to registration pursuant to the conditions of its issue.
A loan obtained by the Community or a security issued by it may be repaid or redeemed in advance, of its own accord, according to the terms of the contract or security. The date of advance repayment or redemption may be other than a date of payment of interest if the prior notice stipulated in the contract or security is given.
1969, c. 84, s. 262; 1971, c. 90, s. 24; 1972, c. 73, s. 11; 1977, c. 5, s. 14; 1982, c. 18, s. 97; 1984, c. 38, s. 112; 1988, c. 84, s. 705; 1995, c. 71, s. 51; 1996, c. 52, s. 32.
228. Sections 7 and 8 and Divisions V, VI, VIII to X and XII of the Act respecting municipal debts and loans (chapter D-7) apply to the Community. The treasurer or any other officer designated for that purpose by the executive committee shall fulfil the obligation mentioned in sections 24 and 32 of the said Act.
The Minister may cause the certificate contemplated in section 12 of the said Act to be affixed to a security issued by the Community under a by-law in force. The validity of a security bearing such certificate is not contestable.
Division IX of the said Act does not apply to a security that is not subject to registration pursuant to the conditions of its issue.
A loan obtained by the Community or a security issued by it may be repaid or redeemed in advance, of its own accord, according to the terms of the contract or security. The date of advance repayment or redemption may be other than a date of payment of interest if the prior notice stipulated in the contract or security is given.
1969, c. 84, s. 262; 1971, c. 90, s. 24; 1972, c. 73, s. 11; 1977, c. 5, s. 14; 1982, c. 18, s. 97; 1984, c. 38, s. 112; 1988, c. 84, s. 705; 1995, c. 71, s. 51.
228. Sections 7 and 8 and Divisions V, VI, VIII to X and XII of the Act respecting municipal debts and loans (chapter D-7) apply to the Community. The treasurer or any other officer designated for that purpose by the executive committee shall fulfil the obligation mentioned in sections 24 and 32 of the said Act.
The Minister may cause the seal and the certificate contemplated in section 12 of the said Act to be affixed to a security issued by the Community under a by-law in force. The validity of a security bearing such seal and certificate is not contestable.
Division IX of the said Act does not apply to a security that is not subject to registration pursuant to the conditions of its issue.
A loan obtained by the Community or a security issued by it may be repaid or redeemed in advance, of its own accord, according to the terms of the contract or security. The date of advance repayment or redemption may be other than a date of payment of interest if the prior notice stipulated in the contract or security is given.
1969, c. 84, s. 262; 1971, c. 90, s. 24; 1972, c. 73, s. 11; 1977, c. 5, s. 14; 1982, c. 18, s. 97; 1984, c. 38, s. 112; 1988, c. 84, s. 705.
228. Sections 7 and 8 and Divisions V, VI, VIII to X and XII of the Act respecting municipal and school debts and loans (chapter D-7) apply to the Community. The treasurer or any other officer designated for that purpose by the executive committee shall fulfil the obligation mentioned in sections 24 and 32 of the said Act.
The Minister may cause the seal and the certificate contemplated in section 12 of the said Act to be affixed to a security issued by the Community under a by-law in force. The validity of a security bearing such seal and certificate is not contestable.
Division IX of the said Act does not apply to a security that is not subject to registration pursuant to the conditions of its issue.
A loan obtained by the Community or a security issued by it may be repaid or redeemed in advance, of its own accord, according to the terms of the contract or security. The date of advance repayment or redemption may be other than a date of payment of interest if the prior notice stipulated in the contract or security is given.
1969, c. 84, s. 262; 1971, c. 90, s. 24; 1972, c. 73, s. 11; 1977, c. 5, s. 14; 1982, c. 18, s. 97; 1984, c. 38, s. 112.
228. Section 7 and Divisions V, VI and VIII to X of the Act respecting municipal and school debts and loans (chapter D-7) apply to the Community. The treasurer or any other officer designated for that purpose by the executive committee shall fulfil the obligation mentioned in sections 24 and 32 of the said Act.
The Minister may cause the seal and the certificate provided for in section 12 of such Act to be affixed to a security issued by the Community under a by-law approved by it or the Commission municipale du Québec. The validity of a security bearing such seal and certificate is not contestable.
Division IX of the said Act does not apply to a security that is not subject to registration pursuant to the conditions of its issue.
A loan obtained by the Community or a security issued by it may be repaid or redeemed in advance, of its own accord, according to the terms of the contract or security. The date of advance repayment or redemption may be other than a date of payment of interest if the prior notice stipulated in the contract or security is given.
1969, c. 84, s. 262; 1971, c. 90, s. 24; 1972, c. 73, s. 11; 1977, c. 5, s. 14; 1982, c. 18, s. 97.
228. Section 7 and Divisions V to X of the Act respecting municipal and school debts and loans (chapter D-7) shall apply to the Community.
The Minister may cause to be affixed the seal of the Ministère des Affaires municipales and the certificate provided for in section 12 of such act on any bond issued by the Community under a by-law approved by the Commission municipale du Québec; any bond issued by the Community under a by-law approved by the Commission municipale du Québec and bearing such seal and such certificate shall be valid and its validity may not be contested for any reason whatsoever.
Where the bonds issued by the Community may not be registered, pursuant to the conditions of their issue, sections 23 to 26 of Division IX of that act shall cease to apply in respect of such bonds.
1969, c. 84, s. 262; 1971, c. 90, s. 24; 1972, c. 73, s. 11; 1977, c. 5, s. 14.
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