Acts and Regulations

N-6 - New Brunswick Housing Act

Section 14
Disposition versions

Full text
Loans and securities of the Corporation
14(1)Subject to the approval of the Lieutenant-Governor in Council, the Corporation
(a) may borrow such sums of money as it requires for its purposes and may issue, sell, exchange or otherwise dispose of notes, bonds, debentures or other securities in such currencies and on such terms and conditions as it may determine;
(b) may charge, pledge, hypothecate, deposit or otherwise deal with its securities as collateral security, and, when the Corporation again becomes entitled to securities dealt with as collateral security, may issue, re-issue, charge, pledge, hypothecate, deposit or otherwise deal with them as collateral security or may cancel them;
(c) may borrow by way of temporary loans from any chartered bank or from any person or corporation such sums as it requires upon such terms and conditions as it may determine, and may pledge as security for such temporary loans, notes, bonds, debentures or other securities of the Corporation pending sale thereof or in lieu of selling them, or in such other manner as the Corporation may determine; and
(d) may acquire funds for its purposes by gift, donation, bequest or otherwise and apply such funds to any of the purposes of this Act, including the payment of grants, and invest such funds in the manner authorized by the Trustees Act.
14(2)The notes, bonds, debentures and other securities of the Corporation shall be in the form and shall be executed in the manner the Corporation determines.
14(3)The seal of the Corporation may be engraved, lithographed, printed or otherwise mechanically reproduced on any security to which it is to be affixed and any signature upon any such securities or coupons attached thereto may be engraved, lithographed, printed or otherwise mechanically reproduced thereon, and a seal or signature so mechanically reproduced is of the same force and effect as if manually affixed notwithstanding that the person whose signature is so reproduced has ceased to hold office before the date of the security or the delivery thereof.
1967, c.17, s.11; 2015, c.22, s.7; 2023, c.25, s.1
Loans and securities of the Corporation
14(1)Subject to the approval of the Lieutenant-Governor in Council, the Corporation
(a) may borrow such sums of money as it requires for its purposes and may issue, sell, exchange or otherwise dispose of notes, bonds, debentures or other securities in such currencies and on such terms and conditions as it may determine;
(b) may charge, pledge, hypothecate, deposit or otherwise deal with its securities as collateral security, and, when the Corporation again becomes entitled to securities dealt with as collateral security, may issue, re-issue, charge, pledge, hypothecate, deposit or otherwise deal with them as collateral security or may cancel them;
(c) may borrow by way of temporary loans from any chartered bank or from any person or corporation such sums as it requires upon such terms and conditions as it may determine, and may pledge as security for such temporary loans, notes, bonds, debentures or other securities of the Corporation pending sale thereof or in lieu of selling them, or in such other manner as the Corporation may determine; and
(d) may acquire funds for its purposes by gift, donation, bequest or otherwise and apply such funds to any of the purposes of this Act, including the payment of grants, and invest such funds in the manner authorized by the Trustees Act.
14(2)The notes, bonds, debentures and other securities of the Corporation shall be in the form and shall be executed in the manner the Corporation determines.
14(3)The seal of the Corporation may be engraved, lithographed, printed or otherwise mechanically reproduced on any security to which it is to be affixed and any signature upon any such securities or coupons attached thereto may be engraved, lithographed, printed or otherwise mechanically reproduced thereon, and a seal or signature so mechanically reproduced is of the same force and effect as if manually affixed notwithstanding that the person whose signature is so reproduced has ceased to hold office before the date of the security or the delivery thereof.
1967, c.17, s.11; 2015, c.22, s.7
Loans and securities of the Corporation
14(1)Subject to the approval of the Lieutenant-Governor in Council, the Corporation
(a) may borrow such sums of money as it requires for its purposes and may issue, sell, exchange or otherwise dispose of notes, bonds, debentures or other securities in such currencies and on such terms and conditions as it may determine;
(b) may charge, pledge, hypothecate, deposit or otherwise deal with its securities as collateral security, and, when the Corporation again becomes entitled to securities dealt with as collateral security, may issue, re-issue, charge, pledge, hypothecate, deposit or otherwise deal with them as collateral security or may cancel them;
(c) may borrow by way of temporary loans from any chartered bank or from any person or corporation such sums as it requires upon such terms and conditions as it may determine, and may pledge as security for such temporary loans, notes, bonds, debentures or other securities of the Corporation pending sale thereof or in lieu of selling them, or in such other manner as the Corporation may determine; and
(d) may acquire funds for its purposes by gift, donation, bequest or otherwise and apply such funds to any of the purposes of this Act, including the payment of grants, and invest such funds in securities authorized by the Trustees Act as investments in which trustees or executors may invest trust money.
14(2)The notes, bonds, debentures and other securities of the Corporation shall be in the form and shall be executed in the manner the Corporation determines.
14(3)The seal of the Corporation may be engraved, lithographed, printed or otherwise mechanically reproduced on any security to which it is to be affixed and any signature upon any such securities or coupons attached thereto may be engraved, lithographed, printed or otherwise mechanically reproduced thereon, and a seal or signature so mechanically reproduced is of the same force and effect as if manually affixed notwithstanding that the person whose signature is so reproduced has ceased to hold office before the date of the security or the delivery thereof.
1967, c.17, s.11
Loans and securities of the Corporation
14(1)Subject to the approval of the Lieutenant-Governor in Council, the Corporation
(a) may borrow such sums of money as it requires for its purposes and may issue, sell, exchange or otherwise dispose of notes, bonds, debentures or other securities in such currencies and on such terms and conditions as it may determine;
(b) may charge, pledge, hypothecate, deposit or otherwise deal with its securities as collateral security, and, when the Corporation again becomes entitled to securities dealt with as collateral security, may issue, re-issue, charge, pledge, hypothecate, deposit or otherwise deal with them as collateral security or may cancel them;
(c) may borrow by way of temporary loans from any chartered bank or from any person or corporation such sums as it requires upon such terms and conditions as it may determine, and may pledge as security for such temporary loans, notes, bonds, debentures or other securities of the Corporation pending sale thereof or in lieu of selling them, or in such other manner as the Corporation may determine; and
(d) may acquire funds for its purposes by gift, donation, bequest or otherwise and apply such funds to any of the purposes of this Act, including the payment of grants, and invest such funds in securities authorized by the Trustees Act as investments in which trustees or executors may invest trust money.
14(2)The notes, bonds, debentures and other securities of the Corporation shall be in the form and shall be executed in the manner the Corporation determines.
14(3)The seal of the Corporation may be engraved, lithographed, printed or otherwise mechanically reproduced on any security to which it is to be affixed and any signature upon any such securities or coupons attached thereto may be engraved, lithographed, printed or otherwise mechanically reproduced thereon, and a seal or signature so mechanically reproduced is of the same force and effect as if manually affixed notwithstanding that the person whose signature is so reproduced has ceased to hold office before the date of the security or the delivery thereof.
1967, c.17, s.11