10(1)Upon the request of the Corporation and the recommendation of the Minister, the Lieutenant-Governor in Council may guarantee the payment of the principal, premium, if any, and interest on any borrowings by, or securities issued by the Corporation.

10(2)The Lieutenant-Governor in Council may authorize the Minister of Finance and Treasury Board to approve the terms and conditions of a guarantee under subsection (1).

10(3)The form and manner of any such guarantee shall be such as the Lieutenant-Governor in Council may approve, and the guarantee shall be signed by the Minister or by such other officer or officers of the Department of Finance and Treasury Board as may be designated by the Lieutenant-Governor in Council and such signature or signatures may be engraved, lithographed, printed or otherwise mechanically reproduced.

10(4)The signature on the guarantee of the Minister or the person designated by the Lieutenant-Governor in Council is conclusive proof that this section has been complied with.

10(5)When any amount becomes legally due and payable by virtue of a call of a guarantee issued under this section, such amount is a liability of the Province and is payable out of the Consolidated Fund.

10(1)Upon the request of the Corporation and the recommendation of the Minister, the Lieutenant-Governor in Council may guarantee the payment of the principal, premium, if any, and interest on any borrowings by, or securities issued by the Corporation.

10(2)The Lieutenant-Governor in Council may authorize the Minister of Finance to approve the terms and conditions of a guarantee under subsection (1).

10(3)The form and manner of any such guarantee shall be such as the Lieutenant-Governor in Council may approve, and the guarantee shall be signed by the Minister or by such other officer or officers of the Department of Finance as may be designated by the Lieutenant-Governor in Council and such signature or signatures may be engraved, lithographed, printed or otherwise mechanically reproduced.

10(4)The signature on the guarantee of the Minister or the person designated by the Lieutenant-Governor in Council is conclusive proof that this section has been complied with.

10(5)When any amount becomes legally due and payable by virtue of a call of a guarantee issued under this section, such amount is a liability of the Province and is payable out of the Consolidated Fund.