O. Reg. 372/96: ORDER FOR DISSOLUTION - LOCAL SERVICES BOARD OF OBA

Northern Services Boards Act
Loi sur les régies des services publics du nord

ONTARIO REGULATION 372/96

ORDER FOR DISSOLUTION — LOCAL SERVICES BOARD OF OBA

Note: This Regulation was revoked on October 26, 2009. See: O. Reg. 400/09, ss. 1, 2.

Last amendment: O. Reg. 400/09.

This Regulation is made in English only.

1. The Local Services Board of Oba and the Board area are hereby dissolved under clause 30 (c) of the Act. O. Reg. 372/96, s. 1.

2. The Board’s assets shall be disposed of in accordance with sections 3 to 7. O. Reg. 372/96, s. 2.

3. Lot 163, Plan M-54, Township of Franz, District of Algoma is vested in the Ministry of Natural Resources as Crown land and all assets of the Board on that land are vested in that Ministry. O. Reg. 372/96, s. 3.

4. Lot 14, Concession 1, Parcel 3199, Plan M-49, Township of Franz, District of Algoma is vested in the Ministry of Natural Resources as Crown land and all assets of the Board on that land are vested in that Ministry. O. Reg. 372/96, s. 4.

5. (1) Part of Lot 13 and Part of Lot 14, Concession 1, Township of Franz, being the whole of Parcel 1886, Algoma West Section, District of Algoma, and all assets of the Board on that land, are vested in trust in the Ontario Realty Corporation to be disposed of by sale, subject to an easement in favour of The Ontario Educational Communications Authority for the purpose of operating and maintaining its equipment on the land. O. Reg. 372/96, s. 5 (1).

(2) The proceeds of the sale shall be used to reimburse the Ontario Realty Corporation for the costs incurred in selling the assets, and any balance remaining shall be paid to the Ministry of Northern Development and Mines. O. Reg. 372/96, s. 5 (2).

(3) If the proceeds of the sale are not sufficient to reimburse the Ontario Realty Corporation, the balance shall be paid out of the money referred to in section 6. O. Reg. 372/96, s. 5 (3).

(4) The Ontario Realty Corporation has general supervision of the disposition of the land and other assets and the power to do anything necessary to carry out the trust effectively. O. Reg. 372/96, s. 5 (4).

6. The money in the Board’s account at the Canadian Imperial Bank of Commerce in Hearst, Ontario shall be transferred to the credit of the Ministry of Northern Development and Mines. O. Reg. 372/96, s. 6.

7. The records and files of the Board shall be kept by the Ministry of Northern Development and Mines for at least five years from the date of this order. O. Reg. 372/96, s. 7.

8. Omitted (amends or revokes other Regulations). O. Reg. 372/96, s. 8.