Acts and Regulations

N-6.2 - New Brunswick Municipal Finance Corporation Act

Full text
By-laws
18The Corporation may make by-laws relating to such matters or things as appear to it to be requisite or proper for the conduct or regulation of the business or affairs of the Corporation, and without restricting the generality of the foregoing, including
(a) the appointment, functions, duties, remuneration and removal of all officers, employees, agents or servants of the Corporation;
(b) the disposition of all money received in respect of the business of the Corporation, the institutions in which the money is to be deposited, the manner in which such accounts are to be kept and managed, and the manner in which withdrawals are to be made from such accounts;
(c) the borrowing by way of temporary loan from chartered banks by way of overdraft or line of credit or by pledging securities of the Corporation, or in any other manner and the execution of bills of exchange, promissory notes or other instruments used in connection with temporary borrowings;
(d) the execution of securities of the Corporation, and the provision of facsimile signatures and seal;
(e) the sale and pledging of securities of the Corporation;
(f) the creation, management and application of reserve funds and sinking funds;
(g) the registration, transfer, exchange and management of securities of the Corporation; and
(h) the management of the property of the Corporation.