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R-25.01 - Act respecting the Réseau de transport métropolitain
Section 54
Disposition versions
54. If the Network issues bonds, it must sell them by adjudication in accordance with section 554, except the fourth paragraph, of the Cities and Towns Act (chapter C-19) and sections 555 and 555.1 of that Act, unless the Minister of Finance authorizes it to sell them by agreement on the conditions the Minister considers appropriate.
If the Network contracts a loan through an issue of notes, it may choose the lender using the adjudication procedure referred to in the first paragraph, with the necessary modifications.
The authorization of the Minister of Finance under the first paragraph of section 53 is not required if the Network sells its bonds or chooses a lender by adjudication.
Not in force
54. If the Network issues bonds, it must sell them by adjudication in accordance with section 554, except the fourth paragraph, of the Cities and Towns Act (chapter C-19) and sections 555 and 555.1 of that Act, unless the Minister of Finance authorizes it to sell them by agreement on the conditions the Minister considers appropriate.
If the Network contracts a loan through an issue of notes, it may choose the lender using the adjudication procedure referred to in the first paragraph, with the necessary modifications.
The authorization of the Minister of Finance under the first paragraph of section 53 is not required if the Network sells its bonds or chooses a lender by adjudication.
