Bill C-255
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SUMMARY |
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The purpose of this enactment is to enable the Minister of Transport
to sell the shares of VIA Rail.
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It transfers the existing shares into the name of the Minister in trust
for the Crown. It also allows the company to issue other shares. Sale of
all shares must be on terms satisfactory to the Minister of Transport and
the Minister of Finance.
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It also authorizes the Minister to enter into agreements to sell the
existing or later issued shares of the company and sell or settle its debts
or obligations.
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