CHAPTER 118

An Act respecting The United Church of Canada

Assented to April 5th, 1951.
Session Prorogued April 5th, 1951.

WHEREAS The United Church of Canada by its petition has represented that it was incorporated under The United Church of Canada Act (Canada) and power was given to it to make loans and invest moneys by clause c of section 18 of that Act; that by section 21 of The United Church of Canada Act (Ontario), the said Church and all boards, committees or other bodies established, appointed or created by it pursuant to the provisions of the Act of Incorporation or the last-mentioned Act, were given all rights, powers and privileges conferred or intended to be conferred upon it or them by such Acts or either of them within Ontario; and that an application has been made to the Parliament of Canada for legislation extending the power of The United Church of Canada to invest and re-invest its moneys, including moneys held for The Pension Fund of the said Church, in the investments in which Canadian insurance companies are authorized from time to time by the Parliament of Canada to invest and re-invest their moneys; and whereas The United Church of Canada by its petition has prayed for legislation in respect of the matter hereinafter set forth; and whereas it is expedient to grant the prayer of the petition;

Therefore, His Majesty, by and with the advice and consent of the Legislative Assembly of the Province of Ontario, enacts as follows:

1. If the Parliament of Canada authorizes The United Church of Canada to make such investments, The United Church of Canada and all boards, committees or other bodies established, appointed or created by it pursuant to The United Church of Canada Act (Canada) and The United Church of Canada Act (Ontario), shall have and may exercise within Ontario power to invest and re-invest its moneys, including moneys held for The Pension Fund of the said Church, in the investments in which Canadian insurance companies are authorized from time to time by the Parliament of Canada to invest and re-invest their moneys, and shall have all such rights and remedies for the collection, enforcement or repayment thereof as any individual or corporation would have by law in the premises.

2. This Act shall come into force on the day it receives the Royal Assent.

3. This Act may be cited as The United Church of Canada Act, 1951.

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