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S.M. 1989-90, c. 89

Bill 101, 2nd Session, 34th Legislature

The Virden and District Elderly Persons Housing Corporation Act

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1 Corporation continued
2 Purpose and object
3(1) Management by executive committee
(2) Municipalities affected
(3) By-law for membership in corporation
(4) Application to R.M. of Ellice
(5) Establishment of membership
(6) Limitation on membership
4(1) Selection of 15 members of committee
(2) Council members on executive
(3) Term of office
(4) First members
(5) Quorum
5(1) Chairperson
(2) Member in place of chairperson
6 Employees and expenses
7 General powers
8 Eligibility for grants
9 Borrowing and issue of securities
10 Form and terms of debentures
11(1) Annual requisitions on municipalities
(2) Base of requisition
(3) Period base fixed
(4) Adjustment of base
(5) Assessments of part of Ellice
12(1) Approval of Municipal Board
(2) Liability under debentures
13 Application of surplus
14(1) Power to acquire property
(2) Investment
(3) Saving
15 Head office
16 Audit