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

Section 505 Disposition versions

1999-10-22

505. The Council may also:

(a)  assume the hypothecs on the immovables it acquires;

(b)  invest its funds in any manner considered suitable, either in its own name or in the name of trustees;

(c)  accept any gift, legacy or other liberality;

(d)  acquire, possess, lease, hold, administer and alienate any property, by all legal methods and under any title;

(e)  adopt by-laws for its internal management;

(f)  make agreements for school purposes with any person or institution.

The Council shall not however acquire, alienate, construct, enlarge, alter or demolish an immovable without the authorization of the Minister when the cost of the operation exceeds $100,000; it shall not, without such authorization, lease an immovable for more than three years or for an annual rental exceeding $100,000.

For the purposes of the preceding paragraph, the Minister may grant a general authorization on such terms and conditions as he may determine.

1972, c. 60, s. 4; 1976, c. 39, s. 2; 1992, c. 57, s. 600; 1999, c. 40, s. 159.

1999-04-01

505. The Council may also:

(a)  assume the hypothecs on the immovables it acquires;

(b)  invest its funds in any manner considered suitable, either in its own name or in the name of trustees;

(c)  accept any gift, legacy or other liberality;

(d)  acquire, possess, lease, hold, administer and alienate any movable and immovable property, by all legal methods and under any title;

(e)  adopt by-laws for its internal management;

(f)  make agreements for school purposes with any person, institution or corporation.

The Council shall not however acquire, alienate, construct, enlarge, alter or demolish an immovable without the authorization of the Minister when the cost of the operation exceeds $100 000; it shall not, without such authorization, lease an immovable for more than three years or for an annual rental exceeding $100 000.

For the purposes of the preceding paragraph, the Minister may grant a general authorization on such terms and conditions as he may determine.

1972, c. 60, s. 4; 1976, c. 39, s. 2; 1992, c. 57, s. 600.

1977-12-31

505. The Council may also:

(a)  assume the hypothecs on the immoveables it acquires;

(b)  invest its funds in any manner considered suitable, either in its own name or in the name of trustees;

(c)  accept any gift, legacy or other liberality;

(d)  acquire, possess, lease, hold, administer and alienate any moveable and immoveable property, by all legal methods and under any title, without being subject to the Mortmain Act (chapter M-1);

(e)  adopt by-laws for its internal management;

(f)  make agreements for school purposes with any person, institution or corporation.

The Council shall not however acquire, alienate, construct, enlarge, alter or demolish an immoveable without the authorization of the Minister when the cost of the operation exceeds $100 000; it shall not, without such authorization, lease an immoveable for more than three years or for an annual rental exceeding $100 000.

For the purposes of the preceding paragraph, the Minister may grant a general authorization on such terms and conditions as he may determine.

1972, c. 60, s. 4; 1976, c. 39, s. 2.