15. The Government may make to the Academy of Music of Québec a yearly grant of not more than $15 000, for the holding of contests with a view to awarding scholarships called “Prix d’Europe” .
The Academy of Music of Québec shall determine, by by-law, the conditions respecting the holding of such contests, the awarding of scholarships, the purposes for which they shall be used and the places where they may be used.
Every by-law made under this section, in order to become executory, must be approved by the Government and published in the Gazette officielle du Québec. It shall take effect and have force of law from the date of such publication or from the date fixed for such purpose by the Government, as the case may be.
R. S. 1964, c. 57, s. 20.