FINANCIAL ADMINISTRATION ACTNorthwestel Inc. Shares Sale OrderOrder Authorizing the Sale by the Canadian National Railway Company of all the Issued and Outstanding Shares of the Capital Stock of Northwestel Inc.P.C.1988-2474198810
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Whereas the Canadian National Railway Company is a parent Crown Corporation;Whereas Northwestel Inc. is a wholly-owned subsidiary of the Canadian National Railway Company;And Whereas the Governor in Council, pursuant to subsection 101(6)* of the Financial Administration Act, is satisfied that the Canadian National Railway Company is otherwise empowered, pursuant to section 31 of the Canadian National Railway Act, to undertake the transaction described in the annexed Order.S.C. 1984, c. 31, s. 11Therefore, Her Excellency the Governor General in Council, on the recommendation of the Minister of Transport and the Treasury Board, pursuant to paragraph 101(1)(d)* and subsection 101(7)* of the Financial Administration Act, is pleased hereby to make the annexed Order authorizing the sale by the Canadian National Railway Company of all the issued and outstanding shares of the capital stock of Northwestel Inc.Short TitleThis Order may be cited as the Northwestel Inc. Shares Sale Order.AuthorizationThe Canadian National Railway Company is hereby authorized to sell to BCE Inc., on or before September 1, 1989, all of the issued and outstanding shares of the capital stock of Northwestel Inc.