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C-44 - Gas, Water and Electricity Companies Act

Section 83
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83. No such bonds or other debt securities so pledged shall prevent the directors of the company from receiving and applying such future calls to the purposes of the company, so long as the money due on all such bonds and other debt securities does not exceed the amount of all the calls still remaining unpaid.
R. S. 1964, c. 285, s. 83; 1999, c. 40, s. 73.
83. No such bonds or debentures or other securities so pledged shall prevent the directors of the company from receiving and applying such future calls to the purposes of the company, so long as the money due on all such bonds and debentures does not exceed the amount of all the calls still remaining unpaid.
R. S. 1964, c. 285, s. 83.
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