BILL 11

An Act Respecting the Saint John Harbour Bridge Authority

Her Majesty, by and with the advice and consent of the Legislative Assembly of New Brunswick, enacts as follows:

Definitions

1 The following definitions apply in this Act.

“Authority” means the Saint John Harbour Bridge Authority constituted as a body politic and corporate under the constituting Act. (Authority)

“constituting Act” means An Act to Establish a Harbour Bridge Authority in The City of Saint John, chapter 150 of the Acts of New Brunswick, 1961-62. (loi constitutive)

Additional powers of Authority

2 In addition to the powers that the Authority has been granted under the constituting Act, the Authority has all those rights, powers and privileges of a natural person that are necessary to do any of the following:

(a)  carry out the objects and purposes of the Authority under the constituting Act;

(b)  sell, transfer, convey, dispose of or otherwise deal with the debts, assets and liabilities of the Authority, including the real property and the personal property of the Authority;

(c)  wind-up under the Winding-up Act, dissolve or liquidate and dissolve the Authority;

(d)  enter into an agreement with the Province, the Government of Canada, a municipality or any other person for the purpose of exercising the powers granted to the Authority under this Act or the constituting Act; or

(e)  anything the Authority considers necessary for or incidental to doing those things referred to in paragraphs (b) to (d).