D-8.0.1 - James Bay Region Development Act

Section 25 Disposition versions

2000-09-27

25. The Minister of Finance may, with the authorization of the Government, pay to the Société, out of the Consolidated Revenue Fund, the sum of $100,000,000 for 10,000,000 fully paid shares of its share capital for which certificates shall be issued to the Minister.

The payment may be made in one or more instalments; if it is made in more than one instalment, each must be authorized by the Government.

1971, c. 34, s. 25; 1999, c. 40, s. 105; 1999, c. 69, s. 7.

1999-10-22

25. At the request of the Société, the Minister of Finance shall pay each year over a period of ten years, to the Société, out of the consolidated revenue fund, a sum not exceeding $10 000 000 for 1,000,000 fully paid up shares of its capital stock for which the Société shall issue certificates to him; if payment with respect to one year is not made or is made in part only, it may be made subsequently.

The shares of the Société shall form part of the domain of the State and shall be allotted to the Minister of Finance.

1971, c. 34, s. 25; 1999, c. 40, s. 105.

1977-12-31

25. At the request of the corporation, the Minister of Finance shall pay each year over a period of ten years, to the corporation, out of the consolidated revenue fund, a sum not exceeding $10 000 000 for 1,000,000 fully paid up shares of its capital stock for which the corporation shall issue certificates to him; if payment with respect to one year is not made or is made in part only, it may be made subsequently.

The shares of the corporation shall form part of the public domain and shall be allotted to the Minister of Finance.

1971, c. 34, s. 25.