E-13 - Act respecting the establishment of a beet-sugar factory at Saint-Hilaire

Section 8 Disposition versions

1977-12-31

8. The corporation shall have all the rights and powers generally appertaining to corporations and may, in particular:

(a)  Make by-laws for its internal management;

(b)  Appear before the courts;

(c)  Hold moveable and immoveable property and manage, lease, sell, exchange, transfer and alienate the same;

(d)  Contract;

(e)  Appoint a manager, a secretary and all other officers and employees deemed necessary, and fix their remuneration;

(f)  Borrow money;

(g)  Give guarantees.

The exercise of the power to alienate immoveables or to bind them as security for loans shall be subject to special authorization by the Government. The same authorization shall be required for the appointment of the manager and the fixing of his remuneration.

1943, c. 23, s. 8.