CHAPTER 32 An Act respecting the Construction of Chimneys. 1. No person shall construct or use a chimney in any Chimneys portion of Saskatchewan unless the same be constructed of walls of stone or brick and mortar, concrete or clay at least four inches thick and projecting at least three feet above the roof of the building wherein the same is or is to be used; and Stove pipes where stove pipes pass through a roof they must be firmly secured, the wood be cut away at least three inches from and around the pipe and protected by sheet iron, tin or zinc or pass through a safe the same as in a ceiling as hereinafter mentioned. C. O. 1898, c. 88, s. 1. passing 2. When stove pipes in any buildings lead through parti- Stove pipe tions, floors or ceilings the same shall be encased in solid brick through and mortar, concrete or clay so that at every point there shall partitions be at least four clear inches between such pipe and any wood work or within metallic cylinders or stove pipe safes giving at least one inch and three-fourths air space all around on every side. C. O. 1898, c. 88, s. 2. 3. Any person violating the provisions of this Act shall be Penalty subject to a fine on summary conviction not exceeding $50 and costs of prosecution. C. O. 1898, c. 88, s. 3. 4. The provisions of this Act shall not apply to farms, Exceptions houses or buildings ten chains distant from one another and shall not apply to municipalities which have provided for the subject matter thereof. C. O. 1898, c. 88, s. 4. CHAPTER 33 An Act respecting the Raising of Loans authorised by the Legislature. Short title Lieutenant Governor in create a SHORT TITLE. 1. This Act may be cited as "The Saskatchewan Loans Act." 1909, c. 2, s. 1. 2. The Lieutenant Governor in Council may create a Council may permanent provincial stock which shall be known as "Saskatchewan government stock" and shall be personal property and the stock and the interest thereon shall be charged upon and paid out of the general revenue fund. permanent provincial stock Regulations by Order in Council Stock not to be paid off for 30 years Notice of redemption How given Lieutenant make regulations as to the debt and interest (2) The stock shall be subject to such regulations as to the inscription, registration, transfer, management and redemption thereof as the Lieutenant Governor in Council may make. (3) The stock shall not be redeemable in less than thirty years from the date of issue but may be redeemed at or after that date at the option of the Lieutenant Governor in Council provided six months' previous notice has been given; and the Lieutenant Governor in Council may at the time of the issue of such stock fix the date at which it shall be redeemed. (4) The notice may be given by registered letter addressed to the registered holder of the stock at his address as it appears on the register. 1909, c. 2, s. 2. 3. The Lieutenant Governor in Council may make such Council may regulations as he deems necessary for the management of the public debt and the payment of the interest thereon; and may payment of subject to the provisions of the next following section provide for the creation and management of a sinking fund or other means of securing the repayment of any loan raised by the authority of the Legislature; and may appoint one or more fiscal agents in the city of London in England or elsewhere and agree with them as to the rate of compensation to be allowed them for negotiating loans and for paying the interest of the debt; and may pay the sums necessary to provide the sinking fund or other means aforesaid and such compensation out of the general revenue fund. 1909, c. 2, s. 3. Fiscal agents, etc. How loans, etc., authorised by Legislature may be raised 4. Where in any Act authority is given to the Lieutenant Governor in Council to raise or authorise the raising by way of loan any sum of money or to order the issue of bonds or debentures or other security of the province or authority is given the Lieutenant Governor in Council or the provincial treasurer to guarantee on behalf of the province the payment of the interest or principal of any loan, bonds, debentures or other security, then (unless there is some provision to the contrary in the Act by which the authority is given) such sum may in the discretion of the Lieutenant Governor in Council be raised in one of the following ways or partly in one and partly in another or others thereof, that is to say: bonds or 1. By the issue and sale of bonds or debentures of the Prov- By issue of ince of Saskatchewan which shall be in such form, for such debentures separate sums and at such rate of interest not exceeding six per centum per annum as the Lieutenant Governor in Council deems expedient subject to such regulations (including regulations as to inscription, registration and transfer) as he may make; the principal and interest whereof shall be made payable at such periods and places as he may approve; and such principal and interest shall be charged upon and paid out of the general revenue fund; Saskat 2. By the issue and sale of Saskatchewan government stock By issue of bearing such rate of interest not exceeding six per centum per chewan annum as is deemed expedient payable half yearly; and tlie government principal and interest whereof shall be charged upon and paid out of the general revenue fund; stock ary loans or treasury 3. By temporary loans or by the issue and sale of treasury By temporbills in sums of not less than four hundred dollars each in such issue of form and payable at such periods and places as the Lieutenant bills Governor in Council deems expedient and subject to such regulations as he may make; and the interest thercon and the amount of such bills or temporary loans shall be charged upon and paid out of the general revenue fund. Governor in provide for a special or (2) On authorising the issue of bonds, debentures or stock Lieutenant under paragraphs 1 or 2 of subsection (1) hereof the Lieu- Council may tenant Governor in Council may provide for a special sinking sinking fund, fund with respect to such issue and may at any time provide general for a general sinking fund for all such portions of bonds, debentures or stock as have been or are hereafter issued without provision for a sinking fund with respect to them. (3) Any of such securities may be made payable in any Securities currency. 1909, c. 2, s. 4. payable in any currency and transfer 5. The Lieutenant Governor in Council may direct that the Inscription whole or any part of Saskatchewan government stock be of stock inscribed and transferred in a register kept in the United' Kingdom or in any foreign country at such place and by such abroad stock under 6. The Lieutenant Governor may under the Great Seal or in Record of Council authorise any person to make any declaration and Colonial take any steps necessary to record such inscribed stock or any Stock Acts On behalf of registrar treasurer to make payments ordered under Colonial Stock Acts Lieutenant change the conditions portion thereof under and in accordance with the provisions of the Imperial Acts known as The Colonial Stock Acts of 1877 to 1900 or any amendments thereof. (2) The treasurer of Saskatchewan may out of the general revenue 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 to be complied with by the registrar of the inscribed stock of Saskatchewan in England or Saskatchewan government stock. 1909, c. 2, s. 6. 7. The Lieutenant Governor in Council may change the Council may form of any part of the debt of Saskatchewan by substituting form of debt, one class of the securities aforesaid for another provided that and on what neither the capital of the debt nor the annual charge for interest is thereby increased except where a security bearing a lower rate of interest is substituted for one bearing a higher rate of interest in which case only the amount of the capital may be increased by an amount not exceeding the difference between the then present value of the securities; but such substitution shall not be made unless the consent of the holder for which another 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. 1909, c. 2, s. 7. Certain regulations 8. The regulations made by the Lieutenant Governor in by Lieutenant Council under this Act shall in so far as they are not inconGovernor in sistent with this Act have the same force and effect as if have force of embodied and enacted in an Act of the Legislature. Council to law Officers not bound to see to trusts Money to form part of general revenue fund Certain securities free from provincial, municipal and school taxation (2) No officer or person employed in the inscription, registration, transfer, management or redemption of any of the aforesaid securities or in payment of any dividend or interest thereon shall be bound to see to the execution of any trust expressed or implied to which such securities are subject or shall be liable in any way to any person for anything by him done in accordance with such regulations. 1909, c. 2, s. 8. 9. All money raised by the issue and sale of any of the aforesaid securities shall be paid to the provincial treasurer and shall form part of the general revenue fund. 1909, c. 2, s. 9. 10. All bonds, debentures and stock issued under the authority of this Act and the interest thereon shall be free from all provincial taxes, succession duty, charges and impositions; and all moneys invested in Saskatchewan government bonds, debentures and stock and the interest thereon shall be exempt from municipal and school taxation in this province. c. 2, s. 10. 1909, be increased 11. Nothing in this Act shall authorise any increase in the Debt not to public debt without the express authority of the Legislature except as except in the manner and to the extent mentioned in section provided 7 hereof. 1909, c. 2, s. 11. herein heretofore 12. Nothing in this Act shall impair or prejudicially affect Securities the rights of the holders of any securities heretofore issued. issued 1909, c. 2, s. 12. protected to all loans 13. This Act shall apply to all loans heretofore or here- Act to apply after authorised under any Act of the Legislature. 1909, c. 2, s. 13. Governor in take steps 14. The Lieutenant Governor in Council may do or cause Lieutenant to be done all things which may be required by any stock Council may exchange in reference to the securities referred to in this Act to have and to their issue in connection with any quotation or listing securities of such securities upon such stock exchange. 1909, c. 2, s. 14. any stock exchange |