S-17 - Act respecting the Société générale de financement du Québec

Section 8 Disposition versions

2010-06-12

8. After 12 June 2010, the Minister of Finance shall, at the company’s request, subscribe and pay for a maximum of 55,165,982 additional common shares of the company out of the consolidated revenue fund.

Before filing a subscription application with the Minister, the company shall send to the Minister a 30-day advance notice indicating the number of shares for which the subscription application is filed and setting forth the reasons for the application.

1962, c. 54, s. 9; 1966-1967, c. 76, s. 2; 1969, c. 72, s. 1; 1971, c. 78, s. 2; 1972, c. 52, s. 9; 1973, c. 69, s. 1; 1976, c. 12, s. 4; 1978, c. 66, s. 5; 1980, c. 35, s. 2; 1983, c. 18, s. 4; 1996, c. 44, s. 6; 1998, c. 45, s. 25; 2010, c. 20, s. 71.

1998-06-20

8. The Minister of Finance shall subscribe and pay to the company, at the latter’s request, out of the consolidated revenue fund, after 20 July 1998, not more than 244,750,000 common shares. The subscription application must be consistent with the company’s financial needs as stated in its annual operational plan referred to in section 15.1.

Before filing a subscription application with the Minister, the company shall send to the Minister a 30-day advance notice indicating the number of shares for which the subscription application is filed and setting forth the reasons for the application.

1962, c. 54, s. 9; 1966-1967, c. 76, s. 2; 1969, c. 72, s. 1; 1971, c. 78, s. 2; 1972, c. 52, s. 9; 1973, c. 69, s. 1; 1976, c. 12, s. 4; 1978, c. 66, s. 5; 1980, c. 35, s. 2; 1983, c. 18, s. 4; 1996, c. 44, s. 6; 1998, c. 45, s. 25.

1996-11-21

8. The Minister of Finance shall subscribe and pay to the company, at the latter’s request, out of the consolidated revenue fund, not more than 50,250,000 common shares. The subscription application must be consistent with the company’s financial needs as stated in its annual operational plan referred to in section 15.1.

Before filing a subscription application with the Minister, the company shall send to the Minister a 30-day advance notice indicating the number of shares for which the subscription application is filed and setting forth the reasons for the application.

1962, c. 54, s. 9; 1966-1967, c. 76, s. 2; 1969, c. 72, s. 1; 1971, c. 78, s. 2; 1972, c. 52, s. 9; 1973, c. 69, s. 1; 1976, c. 12, s. 4; 1978, c. 66, s. 5; 1980, c. 35, s. 2; 1983, c. 18, s. 4; 1996, c. 44, s. 6.

1983-06-22

8. The Minister of Finance shall before 31 December 1983 subscribe and pay the sum of $10 000 000 to the company out of the consolidated revenue fund for 1 000 000 common shares of the company.

1962, c. 54, s. 9; 1966-1967, c. 76, s. 2; 1969, c. 72, s. 1; 1971, c. 78, s. 2; 1972, c. 52, s. 9; 1973, c. 69, s. 1; 1976, c. 12, s. 4; 1978, c. 66, s. 5; 1980, c. 35, s. 2; 1983, c. 18, s. 4.

1980-12-19

8. The Minister of Finance is authorized to subscribe, on behalf of Her Majesty in the right of Québec, five million dollars payable out of the consolidated revenue fund for five hundred thousand deferred-dividend shares of the company.

The Minister of Finance is also authorized to subscribe, on the same behalf, before the 1st of April 1969, five million dollars, payable out of the consolidated revenue fund, for five hundred thousand deferred-dividend shares of the company.

He is also authorized to subscribe, on the same behalf, before the 31st of December 1970, ten million dollars payable out of the consolidated revenue fund, for one million deferred-dividend shares of the company.

He is also authorized to subscribe, on the same behalf, before the 31st of December 1972, ten million dollars payable out of the consolidated revenue fund, for one million deferred-dividend shares of the company.

He is also authorized to subscribe, on the same behalf, before the 31st of December 1975, twenty-five million dollars payable out of the consolidated revenue fund, for two million five hundred thousand common shares of the company.

He is also authorized to subscribe, on the same behalf, before 31 December 1978, thirty-seven million dollars payable out of the consolidated revenue fund, for three million seven hundred thousand deferred-dividend shares.

He is also authorized to pay out of the consolidated revenue fund a total amount of four million, six hundred and twenty-five thousand dollars, representing a premium of one dollar and twenty-five cents per share on each of the shares subscribed under the sixth paragraph of this section. Such amount shall be credited to the contributed surplus of the company to defray the interest on the borrowings it may contract in order to participate in the financing of The Donohue Company Limited and Donohue St-Félicien Inc. before the Minister of Finance pays to the company the amounts he is authorized to subscribe to the capital of the company or to loan to it under this act.

The Minister of Finance shall pay to the company out of the consolidated revenue fund, during each of the calendar years 1980, 1981, 1982, 1983 and 1984, a sum of $10 000 000 for five million common shares of the company subscribed on the same behalf.

He is also authorized to subscribe on the same behalf, for the purposes contemplated in section 4.1, a sum of $15 000 000 payable, in one or more instalments, out of the consolidated revenue fund, for one million five hundred thousand common shares of the company.

The Minister of Finance shall also pay to the company out of the consolidated revenue fund

(a)  during the calendar year 1981, the sum of $5 000 000, and

(b)  during each of the calendar years 1982 and 1983, the sum of $10 000 000,

for a total of 2 500 000 common shares of the company subscribed on the same behalf.

He is also authorized to subscribe, on the same behalf, before 31 December 1985, up to $77 334 980 payable out of the consolidated revenue fund, in one or more instalments, for a total of 7 733 498 common shares of the company.

The company may in no case use an amount paid to it under the preceding paragraph for purposes other than the purposes approved by the Government. Third persons are not bound to see that this paragraph is observed and it cannot be invoked by or against them.

1962, c. 54, s. 9; 1966-1967, c. 76, s. 2; 1969, c. 72, s. 1; 1971, c. 78, s. 2; 1972, c. 52, s. 9; 1973, c. 69, s. 1; 1976, c. 12, s. 4; 1978, c. 66, s. 5; 1980, c. 35, s. 2.

1979-08-15

8. The Minister of Finance is authorized to subscribe, on behalf of Her Majesty in the right of Québec, five million dollars payable out of the consolidated revenue fund for five hundred thousand deferred-dividend shares of the company.

The Minister of Finance is also authorized to subscribe, on the same behalf, before the 1st of April 1969, five million dollars, payable out of the consolidated revenue fund, for five hundred thousand deferred-dividend shares of the company.

He is also authorized to subscribe, on the same behalf, before the 31st of December 1970, ten million dollars payable out of the consolidated revenue fund, for one million deferred-dividend shares of the company.

He is also authorized to subscribe, on the same behalf, before the 31st of December 1972, ten million dollars payable out of the consolidated revenue fund, for one million deferred-dividend shares of the company.

He is also authorized to subscribe, on the same behalf, before the 31st of December 1975, twenty-five million dollars payable out of the consolidated revenue fund, for two million five hundred thousand common shares of the company.

He is also authorized to subscribe, on the same behalf, before 31 December 1978, thirty-seven million dollars payable out of the consolidated revenue fund, for three million seven hundred thousand deferred-dividend shares.

He is also authorized to pay out of the consolidated revenue fund a total amount of four million, six hundred and twenty-five thousand dollars, representing a premium of one dollar and twenty-five cents per share on each of the shares subscribed under the sixth paragraph of this section. Such amount shall be credited to the contributed surplus of the company to defray the interest on the borrowings it may contract in order to participate in the financing of The Donohue Company Limited and Donohue St-Félicien Inc. before the Minister of Finance pays to the company the amounts he is authorized to subscribe to the capital of the company or to loan to it under this act.

The Minister of Finance shall pay to the company out of the consolidated revenue fund, during each of the calendar years 1980, 1981, 1982, 1983 and 1984, a sum of $10 000 000 for five million common shares of the company subscribed on the same behalf.

He is also authorized to subscribe on the same behalf, for the purposes contemplated in section 4.1, a sum of $15 000 000 payable, in one or more instalments, out of the consolidated revenue fund, for one million five hundred thousand common shares of the company.

1962, c. 54, s. 9; 1966-1967, c. 76, s. 2; 1969, c. 72, s. 1; 1971, c. 78, s. 2; 1972, c. 52, s. 9; 1973, c. 69, s. 1; 1976, c. 12, s. 4; 1978, c. 66, s. 5.

1977-12-31

8. The Minister of Finance is authorized to subscribe, on behalf of Her Majesty in the right of Québec, five million dollars payable out of the consolidated revenue fund for five hundred thousand deferred-dividend shares of the company.

The Minister of Finance is also authorized to subscribe, on the same behalf, before the 1st of April 1969, five million dollars, payable out of the consolidated revenue fund, for five hundred thousand deferred-dividend shares of the company.

He is also authorized to subscribe, on the same behalf, before the 31st of December 1970, ten million dollars payable out of the consolidated revenue fund, for one million deferred-dividend shares of the company.

He is also authorized to subscribe, on the same behalf, before the 31st of December 1972, ten million dollars payable out of the consolidated revenue fund, for one million deferred-dividend shares of the company.

He is also authorized to subscribe, on the same behalf, before the 31st of December 1975, twenty-five million dollars payable out of the consolidated revenue fund, for two million five hundred thousand common shares of the company.

He is also authorized to subscribe, on the same behalf, before 31 December 1978, thirty-seven million dollars payable out of the consolidated revenue fund, for three million seven hundred thousand deferred-dividend shares.

He is also authorized to pay out of the consolidated revenue fund a total amount of four million, six hundred and twenty-five thousand dollars, representing a premium of one dollar and twenty-five cents per share on each of the shares subscribed under the sixth paragraph of this section. Such amount shall be credited to the contributed surplus of the company to defray the interest on the borrowings it may contract in order to participate in the financing of The Donohue Company Limited and Donohue St-Félicien Inc. before the Minister of Finance pays to the company the amounts he is authorized to subscribe to the capital of the company or to loan to it under this act.

1962, c. 54, s. 9; 1966-1967, c. 76, s. 2; 1969, c. 72, s. 1; 1971, c. 78, s. 2; 1972, c. 52, s. 9; 1973, c. 69, s. 1; 1976, c. 12, s. 4.