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D-7 - Act respecting municipal debts and loans

Section 26
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26. Any municipality may, by resolution, before issuing debentures for the purposes of a loan repayable in foreign currency, authorize a person whom it designates to keep, outside Québec, in its place and stead, a register to be used for recording the names and addresses of the original holders or of the transferees of such debentures, the amount, date of issue and serial numbers of such debentures and the date when the entry is made in the register.
Sections 23 to 25 do not apply in the case provided for in this section.
1968, c. 50, s. 1; 1972, c. 60, s. 40; 1976, c. 39, s. 11; 1977, c. 5, s. 14; 1984, c. 38, s. 150; 1988, c. 84, s. 587; 1996, c. 2, s. 635.
26. Any municipal corporation may, by resolution, before issuing debentures for the purposes of a loan repayable in foreign currency, authorize a person whom it designates to keep, outside Québec, in its place and stead, a register to be used for recording the surnames, given names and addresses of the original holders or of the transferees of such debentures, the amount, date of issue and serial numbers of such debentures and the date when the entry is made in the register.
Sections 23 to 25 do not apply in the case provided for in this section.
1968, c. 50, s. 1; 1972, c. 60, s. 40; 1976, c. 39, s. 11; 1977, c. 5, s. 14; 1984, c. 38, s. 150; 1988, c. 84, s. 587.
26. Any municipal or school corporation may, by resolution, before issuing debentures for the purposes of a loan repayable in foreign currency, authorize a person whom it designates to keep, outside Québec, in its place and stead, a register to be used for recording the surnames, given names and addresses of the original holders or of the transferees of such debentures, the amount, date of issue and serial numbers of such debentures and the date when the entry is made in the register.
Sections 23 to 25 do not apply in the case provided for in this section.
1968, c. 50, s. 1; 1972, c. 60, s. 40; 1976, c. 39, s. 11; 1977, c. 5, s. 14; 1984, c. 38, s. 150.
26. Any municipal or school corporation may, by resolution, before issuing debentures for the purposes of a loan repayable in foreign currency, authorize a person whom it designates to keep, outside Québec, in its place and stead, a register to be used for recording the surnames, given names and addresses of the original holders or of the transferees of such debentures, the amount, date of issue and serial numbers of such debentures and the date when the entry is made in the register.
Such resolution, to be valid, must be approved by the Commission municipale du Québec, and, upon such approval, sections 23 to 25 shall cease to apply with respect to the debentures in question.
1968, c. 50, s. 1; 1972, c. 60, s. 40; 1976, c. 39, s. 11; 1977, c. 5, s. 14.
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