REVISED STATUTES, 1989
1 This Act may be cited as the Industrial Property Act. R.S., c. 225, s. 1.
2 In this Act,
(a) "demised lands" means the lands together with the privileges and appurtenances thereto belonging which were demised and leased by the lease mentioned in this Act;
(b) "Minister" means the Minister of Industry, Trade and Technology. R.S., c. 225, s. 2.
Lease to Province ratified
3 The lease from the Dominion of Canada to the Province made the fifteenth day of October, 1947, of the lands known as His Majestys Royal Canadian Naval Base, situate at Shelburne in the County of Shelburne, which lease was registered the fifth day of December, 1947, in the office of the Registrar of Deeds at Shelburne in Book 69 at page 583 is ratified and confirmed. R.S., c. 225, s. 3.
Lease by Province for industrial use
4 The Minister may, from time to time, in the name of Her Majesty in right of the Province, issue leases or licences or other permissions whatsoever, not inconsistent with the Provinces title, in respect of the whole or any part or parts of the demised lands for such terms and upon such conditions and to such person or persons as the Minister deems expedient for the purposes of assisting, or encouraging the establishing of, industries and for purposes incidental or related thereto and for such other purpose or purposes as the Governor in Council may approve. R.S., c. 225, s. 4.
Management and servicing of demised land
5 Subject to any such leases, licences or other permissions, the Minister may manage and use the demised lands for the said purposes, or any of them, and may maintain and operate thereon or in connection therewith such services and facilities as he deems expedient, including, but not so as to restrict the generality of the foregoing, water, electric, fire protection and sewage services and may supply the same to such persons and upon such conditions as he deems expedient. R.S., c. 225, s. 5.
Purchase of land by Minister as agent
6 The Minister may, as the agent of any person who is carrying on, or intends to carry on, any industry in the Province whether on the demised lands or elsewhere, purchase in the name of Her Majesty any land, building, chattel or other thing and may in the name of Her Majesty transfer and convey the same to such person, provided that the purchase price has been supplied by such person prior to the purchase by the Minister R.S., c. 225, s. 6.
Exercise of powers of Minister
7 Any of the powers or authorities by this Act conferred upon the Minister may be exercised at the request of the Minister by any other member of the Executive Council. R.S., c. 225, s. 7.
Source of funds
8 Moneys required for the purposes of this Act shall be deemed to be moneys required for the ordinary or usual services of a department of the public service. R.S., c. 225, s. 8.