10-11 ELIZABETH II.
An Act respecting The United Church of Canada.
[Assented to 5th April, 1962.]
WHEREAS The United Church of Canada, hereinafter called "the Corporation", has by its petition prayed that it be enacted as hereinafter set forth, and it is expedient to grant the prayer of the petition: Therefore Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:—
1. Paragraph (c) of section 18 of chapter 100 of the statutes of 1924, as amended by chapter 84 of the statutes of 1951, is repealed and the following substituted therefor:
"(c) to invest and re-invest its moneys, including moneys held for the Pension Fund of the Corporation, in the investments in which Canadian insurance companies are from time to time authorized by the Canadian and British Insurance Companies Act to invest and re-invest their moneys, and 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: Provided that such investments shall not be subject to the limitation set out in subsection (7) of section 63 of the Canadian and British Insurance Companies Act."
ROGER DUHAMEL, F.R.S.C.
QUEEN'S PRINTER AND CONTROLLER OF STATIONERY