25. The Corporation shall pay the municipal and school taxes on the immoveable property that it owns.
It may make an agreement with the town of Bécancour and any school board in whose territory its immoveables are situated, in order to fix the amount of the taxes that the Corporation shall pay to it having regard to the value and use of its immoveables and the rate of the tax in force in the town or the school board concerned; but the amount so payable shall not be less than that which would be paid if the immoveables of the Corporation were all lands under cultivation.
Such an agreement, to be valid, must be submitted to the Minister of Industry, Trade and Technology and to the Minister of Municipal Affairs or the Minister of Education, as the case may be, and be approved by the Government.
The Town and any such school board shall have the necessary powers to carry out any such agreement.
If the Corporation and the town or a school board cannot agree on the terms of such an agreement, the Commission municipale du Québec, upon application by the Corporation but after having heard the town or school board concerned, as the case may be, may decide any matter which may have been covered by such an agreement, and the decision of the Commission shall be binding for such time as it indicates.
Any such agreement and any such decision of the Commission municipale du Québec shall be published in the Gazette officielle du Québec.
1968, c. 60, s. 25; 1977, c. 5, s. 14; 1979, c. 77, s. 27; 1984, c. 36, s. 44; 1988, c. 41, s. 89; 1988, c. 84, s. 680.