I-14 - The Education Act for Cree, Inuit and Naskapi Native Persons

Section 221 Disposition versions

1999-04-01

221. (Repealed).

R. S. 1964, c. 235, s. 232; 1981, c. 27, s. 7.

1977-12-31

221. (1)  Unless another prior authorization have been granted by the Minister, no school corporation may sell any bonds it is authorized to issue under any resolution for a loan, exceeding, in the aggregate, three thousand dollars, otherwise than by written tender, after the publication of a notice in the Gazette officielle du Québec, at least fifteen days before the date set for considering the tenders at a public sitting of the school board of the municipality.

(2)  Every tender must be accompanied by an accepted cheque for an amount equal to one per cent of the loan. After the examination of the tenders, the cheques deposited by every unsuccessful tenderer shall be returned to him forthwith; the cheque of the tenderer whose tender is accepted must be returned to him after the execution of his contract.

(3)  Every tender must state whether or not the price offered includes the interest accrued on the bonds up to the time of delivery.

However, a tender which does not contain such statement may be accepted by the board if it appears to be the most advantageous, provided that in such case the acceptance of the tender must be approved by the Minister.

(4)  The board shall not, without the prior authorization of the Minister, award the contract to anyone except the person who made the most advantageous tender within the delay fixed.

R. S. 1964, c. 235, s. 232.