amended 15. Section 400 of the said Act is amended by striking Section 400 out the word "friendly" where it occurs in the first line thereof, and substituting therefor the word "fraternal.” Section 430 16. Section 430 of the said Act is hereby struck out and New the following substituted therefor: or inter "430. Upon any exchange complying with the provisions Reciprocal of this Part, and paying such fee as may be prescribed by insurance the Lieutenant Governor in Council, the Superintendent fees, and may issue a license in form B in schedule C hereto." exchange license Section 443 17. Section 443 of the said Act is hereby struck out and New the following substituted therefor: act for inter “443.—(1) No person shall act as attorney, or for or on Unlawful to behalf of any attorney, in the exchange of reciprocal con- unlicensed tracts of indemnity or inter-insurance, or in acts or trans- reciprocal or actions in connection therewith, or exchange a reciprocal insurance contract of indemnity or inter-insurance with any other person unless and until a license has been issued and unless such license is in force. "(2) Any person who contravenes the provisions of subsection (1) hereof, shall be guilty of an offence against this Act." 18. Section 447 of the said Act is amended— (a) as to subsection (1) thereof, by adding thereto the following proviso: exchanges Section 447 amended unnecessary "Provided, however, that a member of a duly licensed License fraternal society, other than a member who receives a salary in certain or commission for such purpose, may without a license cases solicit members of the society or corporation to insure with such society or corporation." (b) as to subsection (3) thereof, by striking out the amended 19. Section 457 of the said Act is amended by adding Section 457 thereto as subsections (4), (5) and (6) thereof, the following: tion commissions "(4) On the written complaint of any insurer or any Discriminageneral agent or any agent licensed under this Act, that in paythere has been any violation of the provisions of subsection ment of (3) or when the superintendent deems it necessary without such complaint, the superintendent shall inquire whether or not there has been unfair discrimination in the commissions paid or payable on risks of essentially the same hazard and the provisions of section 17 shall apply to the inquiry. "(5) In case any insurer is convicted of a violation of subsection (3) of this section, every duly appointed agent of the insurer in the Province shall be entitled to the same commission or compensation for business done during the Agent may recover increase of calendar year in which the discrimination took place, for the insurer, on risks of the same kind or class, taking into consideration the location of the risk and the hazard thereof, and any agent may recover from the insurer in any Court of competent jurisdiction, the amount of increase of compensation compensation, if any, to which he may become entitled under the provisions of this subsection. Risks on which like rates are charged shall be deemed to be of the same kind or class. "(6) Any agent who knowingly receives any commission or compensation paid or allowed in violation of this section shall be guilty of an offence and liable upon summary conviction before a justice of the peace to a penalty of not less than one hundred dollars, nor more than two hundred dollars, and costs for each offence." Section 460 amended Schedule B amended Coming into force of Act 20. Section 460 of the said Act is amended by striking out the words "at the end of one year from its date" and substituting therefor the words "on the thirty-first day of December in the year in which it is issued." 21. Schedule B is amended as to paragraph 18, by striking out the word "should" where it occurs in the first line, and substituting therefor the word "shall." 22. This Act shall come into force on the day upon which it is assented to. CHAPTER 11. An Act to amend The Alberta Co-operative Credit Act. (Assented to April 2, 1927.) HIS IS MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of Alberta, enacts as follows: 1. This Act may be cited as "The Alberta Co-operative Short title Credit Act Amendment Act, 1927." added 2. The Alberta Co-operative Credit Act, being chapter Section 64 161 of the Revised Statutes of Alberta, 1922, is amended by adding thereto, as section 6a, the following: directors with society in "6a. The directors of the society shall be entitled to treat Power of any sum of money due to the society in respect of the price respect to of stock as if it were a loan made under the provisions of money due the this Act, and shall have all such remedies for enforcing the respect of the payment of the same as are hereinafter given with respect to loans given under the provisions of this Act, and may file like liens and shall have like charges: "Provided, however, that the directors of the society may at any time advance to any subscriber a sum sufficient to discharge the amount due by him in respect of stock, but before doing so, they shall require an application for a loan as hereinafter provided for." price of stock 3. Section 30 of the said Act is amended by adding as Section 30 subsection (4) thereof, the following: amended liable to "(4) None of the monies representing the said loan shall Monies not be liable in any way to garnishee proceedings nor be paid garnishee out to any person, except upon the order of the borrower." " proceedings 4. Section 38 of the said Act is hereby amended— Section 38 amended to dispose of (b) by adding at the end thereof, the following proviso: "Provided always, that an endorser or joint maker of any Endorser not such note to whom any security upon chattels has been chattels withassigned or to whom such chattels have been delivered, shall out consent not proceed to sell, deal with or dispose of such chattels in any manner without the consent of the Board of Directors first had and obtained." of directors Section 38a added Transfer of security to society Section 42 amended Section 47 amended New section 58 Consent of directors necessary to dispose of goods, etc., in certain cases Coming into force of Act 5. Section 38a is added to the said Act as follows: "38a. The directors of the society shall have power to purchase or take a transfer of any security on the land or chattels of a borrowing member." 6. Section 42 of the said Act is amended by striking out subsection (2) thereof. 7. Section 47 of the said Act is amended as to subsection (2) thereof, by striking out the word and letter "form N" and substituting therefor the word and letter "form S." 8. Section 58 of the said Act is hereby struck out and the following substituted therefor: "58.-(1) No member who is indebted to the society for any sum of money shall dispose of or attempt to dispose of, or charge or attempt to charge any of the stock, crops or other chattels subject to the lien of a co-operative society, without the consent in writing of the directors of the society, and no person shall acquire any title whatsoever to any of the said property under such disposition or charge or attempted disposition or charge. "(2) No lease to which The Crop Payments Act, 1922, applies shall constitute a disposition or charge within the meaning of this section. "(3) Any member who contravenes any of the provisions of subsection (1) of this section shall upon summary conviction be liable to a penalty of one hundred dollars and costs or to imprisonment for a period not exceeding three months or to both." 9. This Act shall come into force on the day upon which it is assented to. CHAPTER 12. An Act to amend The Agricultural Department Act. HIS (Assented to April 2, 1927.) IS MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of Alberta, enacts as follows: 1. This Act may be cited as "The Agricultural Depart- Short title ment Act Amendment Act, 1927." amended 2. The Agricultural Department Act, being chapter 15 of Section 8 the Revised Statutes of Alberta, 1922, is amended as to section 8, subsection (1) (a) by striking out paragraph (d) thereof and inserting in lieu thereof the following: "(d) live stock for feeding and resale"; and (b) by adding as paragraph (e) thereof, the following: "(e) furs." 3. This Act shall come into force on the day upon which Coming into it is assented to. force of Act |