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R-25.01 - Act respecting the Réseau de transport métropolitain
Section 55
Disposition versions
55. Divisions V, VI, VIII to X and XII of the Act respecting municipal debts and loans (chapter D-7) apply to the Network. The treasurer, or another employee designated for that purpose by the board, must fulfil the obligations mentioned in section 24 of that Act.
Division IX of that Act does not apply to a security that is not subject to registration according to the conditions of its issue.
A loan obtained or a security issued by the Network may be repaid or redeemed in advance, as the Network sees fit, according to the terms of the contract or security. The date of advance repayment or redeem may be other than a date of payment of interest if the prior notice stipulated in the contract or security is given.
Not in force
55. Divisions V, VI, VIII to X and XII of the Act respecting municipal debts and loans (chapter D-7) apply to the Network. The treasurer, or another employee designated for that purpose by the board, must fulfil the obligations mentioned in section 24 of that Act.
Division IX of that Act does not apply to a security that is not subject to registration according to the conditions of its issue.
A loan obtained or a security issued by the Network may be repaid or redeemed in advance, as the Network sees fit, according to the terms of the contract or security. The date of advance repayment or redeem may be other than a date of payment of interest if the prior notice stipulated in the contract or security is given.
