C-27.1 - Municipal Code of Québec

Section 1080 Disposition versions

1985-01-01

1080. (Repealed).

M.C. 1916, a. 771; 1917-18, c. 60, s. 22; 1926, c. 34, s. 8; 1928, c. 94, s. 21; 1937, c. 51, s. 9; 1942, c. 69, s. 11; 1947, c. 77, s. 31; 1982, c. 2, s. 29; 1982, c. 63, s. 67; 1984, c. 38, s. 84.

0001-01-01

1080. Whenever the debts of a local corporation, including what it may owe to the county corporation, have reached 15 percent of the value of the taxable immovable property, any other loan or obligation contracted by such corporation must, in order to be valid, be enacted by by-law approved by the ratepayers, in accordance with the second paragraph, by the Minister of Municipal Affairs and by the Commission municipale du Québec.

At least two-fifths in number of the proprietors of taxable immovable property in the municipality who are municipal electors, and who reside in the municipality, must have voted upon the said by-law which must be approved by at least two-thirds in number and real value of those who have voted, whether they reside within the municipality or not.

Residence for the purposes of this article shall be that entered in the valuation roll.

Whenever the debts of a local corporation have not reached the percentage provided for in the first paragraph, any loan or obligation causing such corporation to exceed this percentage shall be subject to the same formalities and approvals.

No by-law adopted before 1 March 1947, in any case provided under the preceding paragraph, shall be void owing to its not having received the approvals required by this article.

M.C. 1916, a. 771; 1917-18, c. 60, s. 22; 1926, c. 34, s. 8; 1928, c. 94, s. 21; 1937, c. 51, s. 9; 1942, c. 69, s. 11; 1947, c. 77, s. 31; 1982, c. 2, s. 29; 1982, c. 63, s. 67.