C-19 - Cities and Towns Act

Section 554 Disposition versions

2006-01-01

554. The municipality shall sell the bonds it is authorized to issue, by adjudication, on written tenders, after a notice, published in the Gazette officielle du Québec at least 15 days before the date fixed for the taking into consideration of the tenders, at a public sitting of the council of the municipality or of one of its committees. The Minister of Finance may, however, prescribe any other means of publication and fix, in that case, other time limits.

Such notice shall state the amount, term and mode of repayment of the loan, the rate of interest, and the place, day and hour fixed for the opening of tenders.

The council shall not, without the previous authorization of the Minister of Finance, award the contract to any person other than the one who has made the most advantageous tender within the time fixed.

The Minister of Finance may, however, authorize the municipality to sell its bonds by mutual agreement without the formalities prescribed by this section, on the conditions that he may deem expedient to impose.

R. S. 1964, c. 193, s. 592; 1977, c. 52, s. 17; 1984, c. 38, s. 34; 1996, c. 2, s. 209; 1999, c. 40, s. 51; 1999, c. 43, s. 13; 2003, c. 19, s. 250; 2005, c. 28, s. 196; 2005, c. 50, s. 13.

2005-06-17

554. The municipality shall sell the bonds it is authorized to issue, by adjudication, on written tenders, after a notice, published in the Gazette officielle du Québec at least 15 days before the date fixed for the taking into consideration of the tenders, at a public sitting of the council of the municipality or of one of its committees. The Minister of Municipal Affairs and Regions may, however, prescribe any other means of publication and fix, in that case, other time limits.

Such notice shall state the amount, term and mode of repayment of the loan, the rate of interest, and the place, day and hour fixed for the opening of tenders.

The council shall not, without the previous authorization of the Minister of Municipal Affairs and Regions, award the contract to any person other than the one who has made the most advantageous tender within the time fixed.

The Minister of Municipal Affairs and Regions may, however, authorize the municipality to sell its bonds by mutual agreement without the formalities prescribed by this section, on the conditions that he may deem expedient to impose.

R. S. 1964, c. 193, s. 592; 1977, c. 52, s. 17; 1984, c. 38, s. 34; 1996, c. 2, s. 209; 1999, c. 40, s. 51; 1999, c. 43, s. 13; 2003, c. 19, s. 250; 2005, c. 28, s. 196.

2003-12-18

554. The municipality shall sell the bonds it is authorized to issue, by adjudication, on written tenders, after a notice, published in the Gazette officielle du Québec at least 15 days before the date fixed for the taking into consideration of the tenders, at a public sitting of the council of the municipality or of one of its committees. The Minister of Municipal Affairs, Sports and Recreation may, however, prescribe any other means of publication and fix, in that case, other time limits.

Such notice shall state the amount, term and mode of repayment of the loan, the rate of interest, and the place, day and hour fixed for the opening of tenders.

The council shall not, without the previous authorization of the Minister of Municipal Affairs, Sports and Recreation, award the contract to any person other than the one who has made the most advantageous tender within the time fixed.

The Minister of Municipal Affairs, Sports and Recreation may, however, authorize the municipality to sell its bonds by mutual agreement without the formalities prescribed by this section, on the conditions that he may deem expedient to impose.

R. S. 1964, c. 193, s. 592; 1977, c. 52, s. 17; 1984, c. 38, s. 34; 1996, c. 2, s. 209; 1999, c. 40, s. 51; 1999, c. 43, s. 13; 2003, c. 19, s. 250.

1999-10-27

554. The municipality shall sell the bonds it is authorized to issue, by adjudication, on written tenders, after a notice, published in the Gazette officielle du Québec at least 15 days before the date fixed for the taking into consideration of the tenders, at a public sitting of the council of the municipality or of one of its committees. The Minister of Municipal Affairs and Greater Montréal may, however, prescribe any other means of publication and fix, in that case, other time limits.

Such notice shall state the amount, term and mode of repayment of the loan, the rate of interest, and the place, day and hour fixed for the opening of tenders.

The council shall not, without the previous authorization of the Minister of Municipal Affairs and Greater Montréal, award the contract to any person other than the one who has made the most advantageous tender within the time fixed.

The Minister of Municipal Affairs may, however, authorize the municipality to sell its bonds by mutual agreement without the formalities prescribed by this section, on the conditions that he may deem expedient to impose.

R. S. 1964, c. 193, s. 592; 1977, c. 52, s. 17; 1984, c. 38, s. 34; 1996, c. 2, s. 209; 1999, c. 40, s. 51; 1999, c. 43, s. 13.

1999-10-22

554. The municipality shall sell the bonds it is authorized to issue, by adjudication, on written tenders, after a notice, published in the Gazette officielle du Québec at least 15 days before the date fixed for the taking into consideration of the tenders, at a public sitting of the council of the municipality or of one of its committees. The Minister of Municipal Affairs may, however, prescribe any other means of publication and fix, in that case, other time limits.

Such notice shall state the amount, term and mode of repayment of the loan, the rate of interest, and the place, day and hour fixed for the opening of tenders.

The council shall not, without the previous authorization of the Minister of Municipal Affairs, award the contract to any person other than the one who has made the most advantageous tender within the time fixed.

The Minister of Municipal Affairs may, however, authorize the municipality to sell its bonds by mutual agreement without the formalities prescribed by this section, on the conditions that he may deem expedient to impose.

R. S. 1964, c. 193, s. 592; 1977, c. 52, s. 17; 1984, c. 38, s. 34; 1996, c. 2, s. 209; 1999, c. 40, s. 51.

1996-05-08

554. The municipality shall sell the bonds it is authorized to issue, by adjudication, on written tenders, after a notice, published in the Gazette officielle du Québec at least 15 days before the date fixed for the taking into consideration of the tenders, at a public sitting of the council of the municipality or of one of its committees. The Minister of Municipal Affairs may, however, prescribe any other means of publication and fix, in that case, other time limits.

Such notice shall state the amount, term and mode of repayment of the loan, the rate of interest, and the place, day and hour fixed for the opening of tenders.

The council shall not, without the previous authorization of the Minister of Municipal Affairs, award the contract to any person other than the one who has made the most advantageous tender within the delay fixed.

The Minister of Municipal Affairs may, however, authorize the municipality to sell its bonds by mutual agreement without the formalities prescribed by this section, on the conditions that he may deem expedient to impose.

R. S. 1964, c. 193, s. 592; 1977, c. 52, s. 17; 1984, c. 38, s. 34; 1996, c. 2, s. 209.

1985-01-01

554. The corporation shall sell the bonds it is authorized to issue, by adjudication, on written tenders, after a notice, published in the Gazette officielle du Québec at least fifteen days before the date fixed for the taking into consideration of the tenders, at a public sitting of the council of the municipality or of one of its committees. The Minister of Municipal Affairs may, however, prescribe any other means of publication and fix, in that case, other time limits.

Such notice shall state the amount, term and mode of repayment of the loan, the rate of interest, and the place, day and hour fixed for the opening of tenders.

The council shall not, without the previous authorization of the Minister of Municipal Affairs, award the contract to any person other than the one who has made the most advantageous tender within the delay fixed.

The Minister of Municipal Affairs may, however, authorize the corporation to sell its bonds by mutual agreement without the formalities prescribed by this section, on the conditions that he may deem expedient to impose.

R. S. 1964, c. 193, s. 592; 1977, c. 52, s. 17; 1984, c. 38, s. 34.

1977-12-31

554. The corporation shall sell the bonds it is authorized to issue, by adjudication, on written tenders, after a notice, published in the Gazette officielle du Québec at least fifteen days before the date fixed for the taking into consideration of the tenders, at a public sitting of the council of the municipality or of one of its committees.

Such notice shall state the amount, term and mode of repayment of the loan, the rate of interest, and the place, day and hour fixed for the opening of tenders.

The council shall not, without the previous authorization of the Minister of Municipal Affairs, award the contract to any person other than the one who has made the most advantageous tender within the delay fixed.

Every tender must specify whether the price offered does or does not include the interest accrued on the bonds at the time of their delivery.

However, a tender which does not contain such a statement may be accepted by the council if it appear to be more beneficial, provided, in such case, that the acceptance by the council be approved by the Minister of Municipal Affairs.

The Minister of Municipal Affairs may, however, authorize the corporation to sell its bonds by mutual agreement without the formalities prescribed by this section, on the conditions that he may deem expedient to impose.

R. S. 1964, c. 193, s. 592; 1977, c. 52, s. 17.