R.S.M. 1987, c. O34

The Manitoba Oil and Gas Corporation Act

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Table of Contents

1		Definitions.
2		Corporation continued.
3		General powers and objects.
4		Additional powers.
5		Priority to Manitoba interests.
6		Capacity of natural person.
7		Part XVI of Corporations Act not to apply.
8		Board of directors.
	(2)	Terms of office.
	(3)	Chairman.
	(4)	Vice-chairman.
9		Remuneration.
	(2)	Authority for M.L.A. to be member.
10		Head office.
11		Capital.
	(2)	Purchase of shares by government.
	(3)	Issue of shares to Minister of Finance.
	(4)	No shares issued other than to the Crown.
12		Dividends from profits.
13		Banking.
	(2)	Investment of extra funds.
	(3)	Extra moneys held in trust.
14		Authority for temporary borrowings.
	(2)	Guarantee of temporary borrowings.
	(3)	Approval of Minister of Finance.
15		Temporary advances by government.
16		Loans by government.
17		Power of corporation to borrow and to issue securities.
	(2)	Limitation on borrowing powers.
	(3)	Reissue of pledged securities.
	(4)	Form of securities.
	(5)	Form of securities.
	(6)	Proof that issue of securities is necessary.
18		Power of government to guarantee.
	(2)	Signing of guarantees.
	(3)	Discharge of liability under guarantee.
	(4)	Signature of Minister of Finance, etc.
19		Establishment of sinking fund.
	(2)	Payment to Minister of Finance.
	(3)	Investment by Minister of Finance.
	(4)	Repayments to the government.
20		Audit.
	(2)	Special audits.
21		Liability of directors.
	(2)	Liability of directors, officers, etc.