558. The Council shall fix, for the school year beginning on the 1st of July each year, by resolution passed not later than the 1st of June, the rate of the tax on individuals and that of the tax on corporations and submit them for approval to the Minister.
They shall be without effect so long as they have not been approved by the Minister.
Such rates are not null because they are fixed after such delay.
Within the ten days after the passing of such resolution, the Council shall send a true copy of it to the clerk of every municipal corporation.
The rate of the tax on individuals or, as the case may be, the rate of the tax on corporations shall be the same for all the immoveables to which each rate applies.
Notwithstanding the preceding paragraph, for each of the three school years following the 1st of July 1973, the Council may fix, subject to the same approval, a different rate of tax on corporations on the immoveables subject to it and situated on that part of the island of Montréal that was not under the jurisdiction of the Protestant School Board of Greater Montréal before the 1st of July 1973.