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C-44 - Gas, Water and Electricity Companies Act

Section 79
Disposition versions

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79. To secure the repayment of money so borrowed, with interest thereon, the company or the president thereof may, by and with the consent of a majority of the directors, hypothecate, secure and assign the immovables, works, rates, revenues, rents and future calls on the shareholders of the company.
R. S. 1964, c. 285, s. 79; 1999, c. 40, s. 73.
79. To secure the repayment of money so borrowed, with interest thereon, the company or the president thereof may, by and with the consent of a majority of the directors, mortgage, secure and assign the real estate, works, rates, revenues, rents and future calls on the shareholders of the company.
R. S. 1964, c. 285, s. 79.
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