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C-45 - Telegraph and Telephone Companies Act

Section 21
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21. Any local municipality or other legal person may subscribe for and hold stock in any company formed under this Act, and may pay the amount of such subscription out of any municipal or other funds not specially appropriated to any other purpose, and such municipality may levy money by assessment, for paying any such subscription.
Such municipality or other legal person shall have such rights as a member of the company, and shall vote upon the stock held by it in such manner and through such person as shall be determined by the by-laws of the company.
R. S. 1964, c. 286, s. 21; 1996, c. 2, s. 590; 1999, c. 40, s. 74.
21. Any local municipality or other legal person may subscribe for and hold stock in any company formed under this Act, and may pay the amount of such subscription out of any municipal or other funds not specially appropriated to any other purpose, and such municipality may levy money by assessment, for paying any such subscription.
Such municipality or other legal person shall have such rights as a member of the company, and shall vote upon the stock held by it in such manner and through such person or officer, as shall be determined by the by-laws of the company.
R. S. 1964, c. 286, s. 21; 1996, c. 2, s. 590.
21. Any municipal or other corporation may subscribe for and hold stock in any company formed under this act, and may pay the amount of such subscription out of any municipal or other funds not specially appropriated to any other purpose, and such municipal corporation may levy money by assessment, for paying any such subscription.
Such corporation shall have such rights as a member of the company, and shall vote upon the stock held by it in such manner and through such person or officer, as shall be determined by the by-laws of the company.
R. S. 1964, c. 286, s. 21.
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