2. A municipality may, by by-law, order the acquisition of immovables for industrial purposes, by agreement or expropriation, or the construction, conversion or operation of a building as an industrial rental building.
The by-law must, to come into force, be approved by the Minister of Industry, Trade and Technology and the Minister of Municipal Affairs; the by-law requires no other approval, even where it orders a loan.
1984, c. 10, s. 2; 1984, c. 36, s. 44; 1988, c. 41, s. 89; 1989, c. 60, s. 2.