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M-21
- Municipal Debentures Act
Detailled Table of Contents
Current to 13 December 2023
Municipal Debentures Act
1
Definitions
1.1
Debentures issued under New Brunswick Municipal Finance Corporation Act
1.2
Repealed
FORM OF DEBENTURES
2
Form of debentures
3
Signing of debenture and interest coupons
4
Negotiability of debenture
5
Right of redemption of municipality
6
Interest coupons
SINKING FUND
7
Necessity of sinking fund
8
Exemption respecting sinking fund
9
Repealed
10
Types of debentures
REGISTRATION OF DEBENTURES
11
Registration of debentures
12
Endorsement of debenture by municipal officer
13
Negotiability, cancellation, interest coupons, successive registration
COMPTROLLER
14
Certificate of Comptroller
15
Evidence
16
Power of Comptroller respecting issuance of certificate
17
Powers of Comptroller
18
Idem
REFUNDING
19
Refunding of indebtedness by municipality
RETURNS OF INDEBTEDNESS
20
Annual statement
21
Idem
22
Duty of Minister respecting annual statement of loans
23
Investment of sinking fund
24
Investigation or audit of sinking fund
25
Power to place sinking fund with trust company
25.1
Power to withdraw securities from sinking fund
26
Regulations