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I-13.3 - Education Act

Section 425
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425. (Repealed).
1988, c. 84, s. 425; 1997, c. 96, s. 125; 2020, c. 1, s. 134.
425. The bonds or other evidences of indebtedness or securities issued by the Council from 1 July 1998 constitute a direct, general and unconditional undertaking of the Council and of the school boards on the island of Montréal and rank pari passu with all other undertakings of the Council and of the school boards on the island of Montréal in respect of loans of money not secured by hypothec or other encumbrance.
The same applies to those bonds or other evidences of indebtedness or securities forming part of the bonded debt of the Council on 1 July 1998.
1988, c. 84, s. 425; 1997, c. 96, s. 125.
425. The bonds or other evidences of indebtedness or securities issued by the Council from 1 July 1989 constitute a direct, general and unconditional undertaking of the Council and of the school boards on the island of Montréal and rank pari passu with all other undertakings of the Council and of the school boards on the island of Montréal in respect of loans of money not secured by hypothec or other encumbrance.
The same applies to those bonds or other evidences of indebtedness or securities forming part of the bonded debt of the Council on 30 June 1989.
1988, c. 84, s. 425.
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