C-8 - Act respecting the Centre de recherche industrielle du Québec

Section 18 Disposition versions

1994-01-01

18. In addition to the other powers assigned to it under this Act, the Centre may:

(a)  borrow money on its credit by any method recognized by law, and especially by bills of exchange, notes or other negotiable instruments;

(b)  hypothecate its movable and immovable property or encumber it with another charge to secure the payment of its loans or the carrying out of its obligations;

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

(d)  (paragraph repealed);

(e)  acquire, possess, lease, hold, administer and alienate movable and immovable property by all legal methods and under any title;

(f)  invest its funds in any manner deemed suitable, either in its own name or in the name of trustees;

(g)  enter according to law into an agreement with any government, governmental department or governmental agency;

(h)  enter into a contract with any person to participate in research;

(i)  dispose of patents which it has acquired or permit them to be used.

1969, c. 62, s. 18; 1982, c. 7, s. 4; 1992, c. 57, s. 462.

1982-03-31

18. In addition to the other powers assigned to it under this act, the Centre may:

(a)  borrow money on its credit by any method recognized by law, and especially by bills of exchange, notes or other negotiable instruments;

(b)  hypothecate or pledge its immoveables, give as security or otherwise encumber its moveable property to secure the payment 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, assign or transfer 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);

(e)  acquire, possess, lease, hold, administer and alienate moveable and immoveable property by all legal methods and under any title without being subject to the Mortmain Act (chapter M-1);

(f)  invest its funds in any manner deemed suitable, either in its own name or in the name of trustees;

(g)  enter according to law into an agreement with any government, governmental department or governmental agency;

(h)  enter into a contract with any person to participate in research;

(i)  dispose of patents which it has acquired or permit them to be used.

1969, c. 62, s. 18; 1982, c. 7, s. 4.

1977-12-31

18. In addition to the other powers assigned to it under this act, the Centre may:

(a)  borrow money on its credit by any method recognized by law, and especially by bills of exchange, notes or other negotiable instruments;

(b)  hypothecate or pledge its immoveables, give as security or otherwise encumber its moveable property to secure the payment 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, assign or transfer 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);

(e)  acquire, possess, lease, hold, administer and alienate moveable and immoveable property by all legal methods and under any title without being subject to the Mortmain Act (chapter M-1);

(f)  invest its funds in any manner deemed suitable, either in its own name or in the name of trustees.

1969, c. 62, s. 18.