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S-12 - Act respecting the Société de récupération, d’exploitation et de développement forestiers du Québec

Section 6
Disposition versions

Full text
6. The Minister of Finance shall pay to the Company, out of the consolidated revenue fund, during the 1973/1974 fiscal year, an amount of $5 000 000 for 50,000 fully paid-up shares of its capital stock and, during each of the next four fiscal years, an amount of $1 250 000 for 12,500 fully paid-up shares of its capital stock.
The Minister of Finance shall also pay to the Company, out of the consolidated revenue fund, during each of the 1978/1979, 1979/1980 and 1980/1981 fiscal years, an amount of $1 250 000 for 12,500 fully paid-up shares of its capital stock.
The Company shall issue share certificates to the Minister in return for such payments.
1973, c. 21, s. 6; 1977, c. 34, s. 2.
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