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C-37.2 - Act respecting the Communauté urbaine de Montréal

Section 298
Disposition versions

Full text
298. Without affecting the rights of third parties, from 1 January 1970, all the assets acquired by Ville de Montréal out of the proceeds of the loans contracted by such city through bonds for the construction and equipping of the Metro or imputed by the city to such loans, and all the fruits and revenues of such assets, shall belong to the Société.
Where the Société alienates such assets it must inform the Community, which may then prescribe that the proceeds of such disposition must be remitted to the Community to be used exclusively for the purposes mentioned in the last paragraph of section 297.
1969, c. 84, s. 320; 1972, c. 73, s. 21; 1985, c. 31, s. 42; 1990, c. 41, s. 96; 1996, c. 2, s. 545; 1999, c. 40, s. 68.
298. Without affecting the rights of third parties, from 1 January 1970, all the assets acquired by Ville de Montréal out of the proceeds of the loans contracted by such city through bonds for the construction and equipping of the Metro or imputed by the city to such loans, and all the fruits of such assets, shall belong to the corporation.
Where the corporation alienates such assets it must inform the Community, which may then prescribe that the proceeds of such disposition must be remitted to the Community to be used exclusively for the purposes mentioned in the last paragraph of section 297.
1969, c. 84, s. 320; 1972, c. 73, s. 21; 1985, c. 31, s. 42; 1990, c. 41, s. 96; 1996, c. 2, s. 545.
298. Without affecting the rights of third parties, from 1 January 1970, all the assets acquired by the City of Montréal out of the proceeds of the loans contracted by such city through bonds for the construction and equipping of the Metro or imputed by the city to such loans, and all the fruits of such assets, shall belong to the corporation.
Where the corporation alienates such assets it must inform the Community, which may then prescribe that the proceeds of such disposition must be remitted to the Community to be used exclusively for the purposes mentioned in the last paragraph of section 297.
1969, c. 84, s. 320; 1972, c. 73, s. 21; 1985, c. 31, s. 42; 1990, c. 41, s. 96.
298. Without affecting the rights of third parties, from 1 January 1970, all the assets acquired by the City of Montréal out of the proceeds of the loans contracted by such city through bonds for the construction and equipping of the Metro or imputed by the city to such loans, and all the fruits of such assets, shall belong to the corporation acting as mandatary of the Community.
Where the corporation alienates such assets it must inform the Community, which may then prescribe that the proceeds of such disposition must be remitted to the Community to be used exclusively for the purposes mentioned in the last paragraph of section 297.
1969, c. 84, s. 320; 1972, c. 73, s. 21; 1985, c. 31, s. 42.
298. Without affecting the rights of third parties, from 1 January 1970, all the assets acquired by the City of Montréal out of the proceeds of the loans contracted by such city through bonds for the construction and equipping of the Metro or imputed by the city to such loans, and all the fruits of such assets, shall belong to the Commission acting as mandatary of the Community.
Where the Commission alienates such assets it must inform the Community, which may then prescribe that the proceeds of such disposition must be remitted to the Community to be used exclusively for the purposes mentioned in the last paragraph of section 297.
1969, c. 84, s. 320; 1972, c. 73, s. 21.
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