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C-37.2 - Act respecting the Communauté urbaine de Montréal

Section 297
Disposition versions

Full text
297. The property which the Montréal Transportation Commission holds as mandatary of Ville de Montréal shall become the property of the Société.
The Société shall be in the rights and obligations of Ville de Montréal with regard to any agreement made by such city with third parties respecting the Metro, without affecting the rights of such third parties.
1969, c. 84, s. 319; 1971, c. 90, s. 35; 1972, c. 73, s. 20; 1979, c. 72, s. 428; 1985, c. 31, s. 24; 1985, c. 31, s. 42; 1990, c. 41, s. 95; 1996, c. 2, s. 545; 1999, c. 40, s. 68.
297. The property which the Montréal Transportation Commission holds as mandatary of Ville de Montréal shall become the property of the corporation.
The corporation shall be in the rights and obligations of Ville de Montréal with regard to any agreement made by such city with third parties respecting the Metro, without affecting the rights of such third parties.
1969, c. 84, s. 319; 1971, c. 90, s. 35; 1972, c. 73, s. 20; 1979, c. 72, s. 428; 1985, c. 31, s. 24; 1985, c. 31, s. 42; 1990, c. 41, s. 95; 1996, c. 2, s. 545.
297. The property which the Montréal Transportation Commission holds as mandatary of the City of Montréal shall become the property of the corporation.
The corporation shall be in the rights and obligations of the City of Montréal with regard to any agreement made by such city with third parties respecting the Metro, without affecting the rights of such third parties.
1969, c. 84, s. 319; 1971, c. 90, s. 35; 1972, c. 73, s. 20; 1979, c. 72, s. 428; 1985, c. 31, s. 24; 1985, c. 31, s. 42; 1990, c. 41, s. 95.
297. The property which the Montréal Transportation Commission holds as mandatary of the City of Montréal shall become the property of the corporation acting as mandatary of the Community.
The Community shall be in the rights and obligations of the City of Montréal with regard to any agreement made by such city with third parties respecting the Metro, without affecting the rights of such third parties.
The City of Montréal must immediately remit to the Community the unused surplus of the loans contracted by the said city for the purposes of building and equipping the Metro and the Community may proceed with the completion of the work on the existing system out of the balance of such loans and apply them to the commitments of the said city which were chargeable by it to the said loans.
The Community is authorized to borrow the sums necessary to complete such works and pay the claims resulting, directly or indirectly, from the original Metro works or their complement and the expenses accessory to such loans if the above surplus proves to be insufficient for such purposes. The service of the debt of such loans shall be at the charge of the municipalities in the territory of the corporation and payable to the Community in accordance with section 306.1. The third paragraph of section 294 applies to such loans.
1969, c. 84, s. 319; 1971, c. 90, s. 35; 1972, c. 73, s. 20; 1979, c. 72, s. 428; 1985, c. 31, s. 24; 1985, c. 31, s. 42.
297. The property which the Montréal Transportation Commission holds as mandatary of the City of Montréal shall become the property of the Commission acting as mandatary of the Community.
The Community shall be in the rights and obligations of the City of Montréal with regard to any agreement made by such city with third parties respecting the Metro, without affecting the rights of such third parties.
The City of Montréal must immediately remit to the Community the unused surplus of the loans contracted by the said city for the purposes of building and equipping the Metro and the Community may proceed with the completion of the work on the existing system out of the balance of such loans and apply them to the commitments of the said city which were chargeable by it to the said loans.
The Community is authorized to borrow the sums necessary to complete such works and pay the claims resulting, directly or indirectly, from the original Metro works or their complement and the expenses accessory to such loans if the above surplus proves to be insufficient for such purposes. The service of the debt of such loans shall be at the charge of the municipalities in the territory of the Commission and payable to the Community in accordance with section 278. The third paragraph of section 294 applies to such loans.
1969, c. 84, s. 319; 1971, c. 90, s. 35; 1972, c. 73, s. 20; 1979, c. 72, s. 428.
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