Proceeds fund 8. All money raised by the issue and sale of any of go to conthe aforesaid securities shall be paid to the provincial solidated treasurer and shall form part of the consolidated fund. R.S.S. 1909, c. 33, s. 9. free from 9. Securities issued under the authority of this Act Securities and the interest thereon shall be free from provincial taxes taxes, succession duties, charges and impositions; and moneys invested in Province of Saskatchewan securities and the interest thereon, shall be exempt from municipal and school taxation. R.S.S. 1909, c. 33, s. 10. stock 10. (1) The Lieutenant Governor in Council may Recording under the great seal authorise any person to make any declaration and take any steps necessary to record Saskatchewan government stock or any portion thereof under and in accordance with the provisions of the Imperial Acts known as the Colonial Stock Acts, 1877 to 1900, or any amendments thereto. (2) The provincial treasurer may, out of the consolidated fund, pay, satisfy and discharge any judgment, decree, rule or order of a court in the United Kingdom which, under the provisions of section 20 of The Colonial Stock Act, 1877, or any amendment thereto, is binding upon the registrar of Saskatchewan government stock in England, and with which he is required to comply. R.S.S. 1909, c. 33, s. 6, amended. Lieutenant 11. The Lieutenant Governor in Council may do or Powers of cause to be done all things which may be required by any Governor in stock exchange with reference to the securities referred Council to in this Act and to their issue, in connection with any quotation or listing of such securities upon such stock exchange. R.S.S. 1909, c. 33, s. 14. Governor may change 12. (1) The Lieutenant Governor in Council may Lieutenant change the form of any part of the debt of Saskatchewan in Council by substituting one class of security for another, but, for except where a security bearing a lower rate of interest debt. is substituted for one bearing a higher, no such substitution shall be made if the effect is to increase either the principal or the interest of the debt. (2) Where a security bearing a lower rate of interest is substituted for one bearing a higher rate of interest, the amount of the debt represented thereby may be increased by a sum not exceeding the difference between the values of the respective securities at the date of substitution. (3) No substitution of securities shall be made unless the consent of the holder of the security for which another Application of Act Repeal is substituted is obtained, or such security is previously purchased or redeemed by or on account of Saskatchewan; and such substitution may be made by the sale of a security of one class and the purchase of that for which it is desired to substitute it. (4) Nothing herein contained shall be taken to in any way affect or limit the provisions of section 3 hereof. R.S.S. 1909, c. 33, s. 7, amended. 13. This Act shall apply to all loans heretofore or hereafter authorised under any Act of the Legislature: Provided that nothing in this Act shall impair or prejudicially affect the rights of the holders of any securities heretofore issued. R.S.S. 1909, c. 33, ss. 13 and 12. 14. The following enactments are hereby repealed: The Revised Statutes of Saskatchewan 1909, c. 33. 5 George V, 1914, c. 4. 6 George V, 1915, c. 3. 7 George V, 1917, c. 34, s. 38. 8 George V, 1917 (sess. 2), c. 15. CHAPTER 4 An Act to amend The Supplementary Revenue Act, 1917. [Assented to December 11, 1919.] IS Majesty, by and with the advice and consent of the 1. The Supplementary Revenue Act, 1917, is amended in 1917 (sess. 2), the manner hereinafter set forth. c. 2, amended 2. Section 13 is amended by adding thereto the following Section 13 subsection: (4) The moneys at the credit of the supplementary revenue fund shall be withdrawn from time to time under the authority of an appropriation of the Legislature, and, in case and in so far as such appropriation is insufficient for the purposes of this Act. such moneys may be withdrawn under the authority of one or more special warrants." amended 3. Section 15 is amended by striking out the first four lines Section 15 and substituting therefor the following: "15. Until otherwise provided by the Lieutenant Governor in Council, the provincial treasurer shall each year make distribution and payment of the funds appropriated by the Legislature as follows:" amended 4. Section 17 is repealed and the following substituted New therefor: "17.--(1) If anything to be done by or under this Act at er within a fixed time cannot be or is not so done, the provincial treasurer may, by order from time to time, appoint a further or other time for doing the same, whether the time within which it should have been done has or has not expired. (2) Anything done within the time prescribed by such order shall be as valid as if it had been done within a time fixed by or under this Act." section 17 H CHAPTER 5 An Act to amend The Public Revenues Act. [Assented to December 11, 1919.] IS Majesty, by and with the advice and consent. of the Legislative Assembly of Saskatchewan, enacts as follows: 1. The Public Revenues Act, being chapter 3 of the statutes of 1917 (second session), is amended in the manner hereinafter set forth. amended 2. Paragraph 2 of section 2, as enacted by section 1 Section 2 of chapter 2 of the statutes of 1918-19, is repealed and the following substituted therefor: "2. 'Rateable property' in cities, towns, villages and rural municipalities means land but not the improvements thereon.' 3. Section 20 is repealed and the following substituted New therefor: "20.-(1) If anything to be done by or under this Act at or within a fixed time cannot be or is not so done, the provincial treasurer may, by order from time to time, appoint a further or other time for doing the same, whether the time within which it should have been done has or has not expired. "(2) Anything done within the time prescribed by such order shall be as valid as if it had been done within a time fixed by or under this Act." section 20 |