D-7 - Act respecting municipal debts and loans

Section 12 Disposition versions

2009-06-17

12. Every bond of a municipality shall, before its delivery, bear a certificate of the Minister of Finance, or of a person specially authorized by him, establishing that the by-law or resolution authorizing its issue has received every required approval.

Every bond of a municipality bearing the certificate contemplated in the first paragraph is valid, and its validity shall not be contested for any cause whatsoever.

This section also applies to every other negotiable instrument the reimbursement of which must be effected in foreign currency.

Notwithstanding any general law or special Act, this section applies to every body the loans of which must be approved by the Minister of Municipal Affairs, Regions and Land Occupancy.

R. S. 1964, c. 171, s. 12; 1973, c. 33, s. 5; 1976, c. 52, s. 18; 1977, c. 5, s. 14; 1984, c. 38, s. 148; 1995, c. 34, s. 71; 1999, c. 43, s. 13; 2003, c. 19, s. 250; 2005, c. 28, s. 196; 2005, c. 50, s. 41; 2009, c. 26, s. 109.

2006-01-01

12. Every bond of a municipality shall, before its delivery, bear a certificate of the Minister of Finance, or of a person specially authorized by him, establishing that the by-law or resolution authorizing its issue has received every required approval.

Every bond of a municipality bearing the certificate contemplated in the first paragraph is valid, and its validity shall not be contested for any cause whatsoever.

This section also applies to every other negotiable instrument the reimbursement of which must be effected in foreign currency.

Notwithstanding any general law or special Act, this section applies to every body the loans of which must be approved by the Minister of Municipal Affairs and Regions.

R. S. 1964, c. 171, s. 12; 1973, c. 33, s. 5; 1976, c. 52, s. 18; 1977, c. 5, s. 14; 1984, c. 38, s. 148; 1995, c. 34, s. 71; 1999, c. 43, s. 13; 2003, c. 19, s. 250; 2005, c. 28, s. 196; 2005, c. 50, s. 41.

2005-06-17

12. Every bond of a municipality shall, before its delivery, bear a certificate of the Minister of Municipal Affairs and Regions, or of a person specially authorized by him, establishing that the by-law or resolution authorizing its issue has received every required approval.

Every bond of a municipality bearing the certificate contemplated in the first paragraph is valid, and its validity shall not be contested for any cause whatsoever.

This section also applies to every other negotiable instrument the reimbursement of which must be effected in foreign currency.

Notwithstanding any general law or special Act, this section applies to every body the loans of which must be approved by the Minister of Municipal Affairs and Regions.

R. S. 1964, c. 171, s. 12; 1973, c. 33, s. 5; 1976, c. 52, s. 18; 1977, c. 5, s. 14; 1984, c. 38, s. 148; 1995, c. 34, s. 71; 1999, c. 43, s. 13; 2003, c. 19, s. 250; 2005, c. 28, s. 196.

2003-12-18

12. Every bond of a municipality shall, before its delivery, bear a certificate of the Minister of Municipal Affairs, Sports and Recreation, or of a person specially authorized by him, establishing that the by-law or resolution authorizing its issue has received every required approval.

Every bond of a municipality bearing the certificate contemplated in the first paragraph is valid, and its validity shall not be contested for any cause whatsoever.

This section also applies to every other negotiable instrument the reimbursement of which must be effected in foreign currency.

Notwithstanding any general law or special Act, this section applies to every body the loans of which must be approved by the Minister of Municipal Affairs, Sports and Recreation.

R. S. 1964, c. 171, s. 12; 1973, c. 33, s. 5; 1976, c. 52, s. 18; 1977, c. 5, s. 14; 1984, c. 38, s. 148; 1995, c. 34, s. 71; 1999, c. 43, s. 13; 2003, c. 19, s. 250.

1999-10-27

12. Every bond of a municipality shall, before its delivery, bear a certificate of the Minister of Municipal Affairs and Greater Montréal, or of a person specially authorized by him, establishing that the by-law or resolution authorizing its issue has received every required approval.

Every bond of a municipality bearing the certificate contemplated in the first paragraph is valid, and its validity shall not be contested for any cause whatsoever.

This section also applies to every other negotiable instrument the reimbursement of which must be effected in foreign currency.

Notwithstanding any general law or special Act, this section applies to every body the loans of which must be approved by the Minister of Municipal Affairs and Greater Montréal.

R. S. 1964, c. 171, s. 12; 1973, c. 33, s. 5; 1976, c. 52, s. 18; 1977, c. 5, s. 14; 1984, c. 38, s. 148; 1995, c. 34, s. 71; 1999, c. 43, s. 13.

1995-06-22

12. Every bond of a municipality shall, before its delivery, bear a certificate of the Minister of Municipal Affairs, or of a person specially authorized by him, establishing that the by-law or resolution authorizing its issue has received every required approval.

Every bond of a municipality bearing the certificate contemplated in the first paragraph is valid, and its validity shall not be contested for any cause whatsoever.

This section also applies to every other negotiable instrument the reimbursement of which must be effected in foreign currency.

Notwithstanding any general law or special Act, this section applies to every body the loans of which must be approved by the Minister of Municipal Affairs.

R. S. 1964, c. 171, s. 12; 1973, c. 33, s. 5; 1976, c. 52, s. 18; 1977, c. 5, s. 14; 1984, c. 38, s. 148; 1995, c. 34, s. 71.

1985-01-01

12. Every bond of a municipality shall, before its delivery, bear the seal of the Ministère des Affaires municipales and a certificate of the Minister of Municipal Affairs, or of a person specially authorized by him, establishing that the by-law or resolution authorizing its issue has received every required approval.

Every bond of a municipality bearing the seal and the certificate contemplated in the first paragraph is valid, and its validity shall not be contested for any cause whatsoever.

This section also applies to every other negotiable instrument the reimbursement of which must be effected in foreign currency.

Notwithstanding any general law or special Act, this section applies to every body the loans of which must be approved by the Minister of Municipal Affairs.

R. S. 1964, c. 171, s. 12; 1973, c. 33, s. 5; 1976, c. 52, s. 18; 1977, c. 5, s. 14; 1984, c. 38, s. 148.

1977-12-31

12. Every bond of a municipality shall, before its delivery, bear the seal of the Ministère des Affaires municipales and a certificate of the Minister of Municipal Affairs, or of a person specially authorized by him, establishing that the by-law or resolution authorizing its issue has been approved by the Government, the Minister of Municipal Affairs or the Commission municipale du Québec, as the case may be.

Every bond of a municipality issued under a by-law or resolution approved by the Government, the Minister of Municipal Affairs or the Commission municipale du Québec, as the case may be, and bearing such seal and such a certificate, shall be valid, and its validity shall not be contested for any cause whatsoever.

This section also applies to every other negotiable instrument the reimbursement of which must be effected in foreign currency.

Notwithstanding any general or special act, this section applies to every body the loan procedures of which must be approved by the Commission municipale du Québec.

R. S. 1964, c. 171, s. 12; 1973, c. 33, s. 5; 1976, c. 52, s. 18; 1977, c. 5, s. 14.