This is an unofficial archived version of The Charleswood Curling Club Ltd. Additional Powers Act
as enacted by SM 1990-91, c. 1 on November 14, 1990.
 

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R.S.M. 1990, c. 30

The Charleswood Curling Club Ltd. Additional Powers Act

Table of contents

WHEREAS Charleswood Curling Club Ltd. (hereinafter referred to as "the corporation") was incorporated under the laws of Manitoba by letters patent dated April 17, 1946;

AND WHEREAS the shareholders of the corporation at a special general meeting called for the purpose, authorized and instructed the directors thereof to apply to the Legislature to obtain extraordinary powers for the corporation beyond those powers as granted under the laws of Manitoba;

AND WHEREAS the corporation, by its petition, prayed that it be enacted as hereinafter set forth;

AND WHEREAS its prayer was granted, and resulted in the enactment of An Act to Grant Additional Powers to Charleswood Curling Club Ltd., assented to July 29, 1980;

AND WHEREAS the Minister of Justice has caused this Act to be prepared in English and French for re-enactment in accordance with a judgment dated June 13, 1985 and an order dated November 4, 1985 of the Supreme Court of Canada;

THEREFORE HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Manitoba, enacts as follows:

Authority for annual assessment

1

The corporation, without limiting the generality of the powers vested in it by or under any other Act of the Legislature, may assess or charge the holders of the common shares of the corporation an annual amount of money for each share, which amount shall form part of the general revenues of the corporation.

Resolution authorizing assessment

2

The directors of the corporation may be resolution authorize the assessment or charge to be made in any fiscal year of the corporation under section 1.

Notice of assessment

3

Each shareholder on record of the corporation shall be informed of any amount assessed or charged under section 1 by a written notice mailed postage prepaid to the latest address of the shareholder as shown on the records of the corporation, which notice shall specify the date by which the assessment or charge must be paid.

Lien on share

4

Any assessment or charge made against the holder of a common share of the corporation and unpaid by the said holder is a debt due to the corporation, and the corporation has a lien on each share so assessed in the amount of the unpaid assessment, and the corporation may refuse to approve the sale or assignment of any share until all assessments or charges have been paid.

Cancellation of share

5

If any assessment or charge made under this Act remains unpaid after the date for payment specified in the notice sent to each shareholder in accordance with section 3, the board of directors may cancel the share and return it to the corporation, and the corporation may reissue the share to a new shareholder.

Disposition of property on dissolution

6

Upon dissolution of the corporation, property remaining after paying all the debts and obligations of the corporation shall be paid to an organization in Manitoba the undertaking of which is charitable or beneficial to the community.

NOTE:  This Act replaces S.M. 1980, c. 90.