54. The Gouvernement may authorize the Minister of Lands and Forests to lease or sell public lands for industrial purposes upon the conditions and for the prices the Gouvernement may determine.
When public lands forming part of a timber limit are required for the purposes of Hydro-Québec or any other public utility purposes for which an expropriation right is granted by law, the Minister may, with the authorization of the Gouvernement, exclude those lands from the timber limit. The license to cut timber becomes null as regards those lands from the date on which the Minister notifies it in writing to the license-holder.
As compensation for the lands excluded under the second paragraph, the Minister shall, within a maximum delay of one year from the date of the notice contemplated in that paragraph and on the conditions determined by the Gouvernement, grant the license-holder a renewable license to cut timber of a value equivalent to that of the license that has become null. If it is impossible to issue that permit, the Minister shall, within the same delay, offer the license-holder an indemnity equal to the undepreciated capital cost, of the permanent, inventory, management and land survey works and of other improvements on such lands excluded from a timber limit. Sections 3 to 18 of the Act respecting the acquisition of certain forest lands (1951/1952, chapter 38) apply mutatismutandis to the fixing of that indemnity.
R. S. 1964, c. 92, s. 56; 1973, c. 38, s. 100; 1974, c. 28, s. 18.