C-27.1 - Municipal Code of Québec

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1084. When the repayment of a loan is to be borne by the owners of immovable property in a part only of the territory of the municipality or by those who benefit from the works as determined under article 979, the tax to be levied each year during the term of the loan shall be assessed only on the immovables of the property owners concerned.
The tax must be sufficient to pay the interest each year and make up the capital repayable at the maturity of the bonds, notes or other securities.
1927, c. 74, s. 15; 1928, c. 94, s. 22; 1979, c. 36, s. 53; 1984, c. 38, s. 85; 1985, c. 27, s. 69; 1986, c. 32, s. 19; 1987, c. 57, s. 769; 1992, c. 27, s. 60; 1996, c. 2, s. 437.
1084. When the repayment of a loan is to be borne by the owners of immovable property of a part only of the municipality or by those who benefit from the works as determined under article 979, the tax to be levied each year during the term of the loan shall be assessed only on the immovables of the property owners concerned.
The tax must be sufficient to pay the interest each year and make up the capital repayable at the maturity of the bonds, notes or other securities.
1927, c. 74, s. 15; 1928, c. 94, s. 22; 1979, c. 36, s. 53; 1984, c. 38, s. 85; 1985, c. 27, s. 69; 1986, c. 32, s. 19; 1987, c. 57, s. 769; 1992, c. 27, s. 60.
1084. When the repayment of a loan is to be borne by the owners of immovable property of a part only of the municipality or by those who benefit from the works as determined under article 979, the tax to be levied each year during the term of the loan shall be assessed only on the immovables of the property owners concerned.
The tax must be sufficient to pay the interest each year and make up the capital repayable at the maturity of the bonds or notes.
1927, c. 74, s. 15; 1928, c. 94, s. 22; 1979, c. 36, s. 53; 1984, c. 38, s. 85; 1985, c. 27, s. 69; 1986, c. 32, s. 19; 1987, c. 57, s. 769.
1084. When the repayment of a loan is to be borne by the owners of immovable property of part only of the municipality or by persons benefiting from any work determined in article 979, the tax to be levied each year, during the term of the loan, shall be imposed only on the property owners concerned and must be sufficient to pay the interest each year and make up the capital repayable at the maturity of the bonds. In such a case, the property owners liable, who are municipal electors, are alone entitled to vote for the approval or disapproval of the by-law, and the by-law is deemed to be approved if it has been so done by the majority in number and in value of the said property owners who are electors and liable.
The rules provided in the first paragraph concerning the approval or disapproval of the by-law apply where 75% or more of the loan to be repaid is charged to the owners of immovable property of part only of the municipality or to the persons benefiting from the work as determined pursuant to article 979, as if the repayment of the loan were entirely charged to them. For the purposes of this paragraph, no part of the municipality may consist of the combination of several separate parts contemplated in the by-law if 75% or more of the loan to be repaid is charged to the owners of immovables of any one of those parts; the aggregate of the immovables of the persons who benefit from the works is such a separate part.
1927, c. 74, s. 15; 1928, c. 94, s. 22; 1979, c. 36, s. 53; 1984, c. 38, s. 85; 1985, c. 27, s. 69; 1986, c. 32, s. 19.
1084. When the repayment of a loan is to be borne by the owners of immovable property of part only of the municipality or by persons benefiting from any work determined in article 979, the tax to be levied each year, during the term of the loan, shall be imposed only on the property owners concerned and must be sufficient to pay the interest each year and make up the capital repayable at the maturity of the bonds. In such a case, the property owners liable, who are municipal electors, are alone entitled to vote for the approval or disapproval of the by-law, and the by-law is deemed to be approved if it has been so done by the majority in number and in value of the said property owners who are electors and liable.
The above provisions apply even when a proportion not exceeding 25% of the loan to be repaid is charged to the whole municipality.
1927, c. 74, s. 15; 1928, c. 94, s. 22; 1979, c. 36, s. 53; 1984, c. 38, s. 85; 1985, c. 27, s. 69.
1084. When the repayment of a loan is to be borne by the owners of immovable property of part only of the municipality, the tax to be levied each year, during the term of the loan, shall be imposed only on the property owners concerned and must be sufficient to pay the interest each year and make up the capital repayable at the maturity of the bonds. In such a case, the property owners liable, who are municipal electors, are alone entitled to vote for the approval or disapproval of the by-law, and the by-law is deemed to be approved if it has been so done by the majority in number and in value of the said property owners who are electors and liable.
The above provisions apply even when a proportion not exceeding 25% of the loan to be repaid is charged to the whole municipality.
1927, c. 74, s. 15; 1928, c. 94, s. 22; 1979, c. 36, s. 53; 1984, c. 38, s. 85.
1084. When the repayment of a loan must be borne by the owners of immovable property of part only of the municipality, the tax to be levied each year, during the period of the loan, shall be imposed only on the property owners concerned; but it shall be sufficient to pay the interest each year and make up the capital repayable at the maturity of the bonds. In such case, the property owners liable, who are municipal electors, are alone entitled to vote for the approval or disapproval of the by-law, and the by-law is deemed to be approved if it has been so done by the majority in number and in value of the said property owners who are electors and liable, and article 1080 does not apply.
The above provisions apply even when a proportion not exceeding 25 percent of the loan to be repaid is charged to the whole municipality.
1927, c. 74, s. 15; 1928, c. 94, s. 22; 1979, c. 36, s. 53.