|This is an unofficial archived version of Le Club Belge Incorporation Act|
as enacted by SM 1990-91, c. 1 on November 14, 1990.
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R.S.M. 1990, c. 35
Le Club Belge Incorporation Act
|Table of Contents|
WHEREAS Le Club Belge was incorporated by letters patent under the great seal of the Province of Manitoba, dated October 4, 1905, under The Manitoba Joint Stock Companies Act;
AND WHEREAS the said Le Club Belge, by its petition, prayed that its shareholders should be incorporated by an Act of the Legislative Assembly of the Province of Manitoba for the purpose of the more effectually carrying out of the aims and objects of the association;
AND WHEREAS its prayer was granted and resulted in the enactment of An Act to incorporate "Le Club Belge", assented to February 13, 1907;
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:
Le Club Belge (hereinafter referred to as "the club") is continued as a corporation consisting of those persons who are shareholders on the coming into force of this Act, and such others as may hereafter become shareholders in the club.
The capital stock of the club shall be $30,000. divided into 7,500 shares of $4. each.
The club shall have a common seal, with power to make and alter the said seal by a by-law to that effect, and shall have power from time to time and at all times hereafter shall be able and capable to purchase, acquire, hold, possess and enjoy, and to have, take and receive to them and their successors to and for the actual use and occupation of the club, any lands, hereditaments, premises and real and immovable property and estate, with all powers to sell, alienate, mortgage, lease, exchange and otherwise dispose of the same whensoever the club may deem it expedient so to do, and apply the proceeds thereof for the purposes of the club. The club shall have power from time to time to borrow money at such rate of interest and upon such terms as it may think proper, and for such purpose may make, execute or issue any mortgage, bonds, debentures or other instruments under the seal of the club, which shall operate as a mortgage and charge against the lands and effects of the club as security for such loan.
All such mortgages, bonds, debentures or other instruments shall be sealed with the seal of the club and signed by the president, treasurer and secretary of the club.
No member of the club shall be in any way liable for or chargeable with the payment of any debt or demand due by the said club beyond the extent of the entrance fee and annual subscriptions remaining unpaid by the said member and for any unpaid accounts he may have incurred to the club for articles ordered by him upon its premises, and any member of the club not so indebted will be allowed to withdraw and will cease to be a member, on giving notice to that effect according to the form that may be provided by the constitution, rules and regulations of the club, and from thenceforth be free from all debts and demands due by the club.
The club shall have power to draw, make, accept and indorse all cheques, bills of exchange and promissory notes necessary for the purposes of the club, under the hands of their president, treasurer and secretary, after authority from the committee of the club so to do; and in no case shall it be necessary that the seal of the club be affixed to any such cheque, bill or note, nor shall the president, treasurer or secretary be personally responsible therefor; provided, however, that nothing herein contained shall authorize the club to issue bills of exchange or notes payable to bearer or intended to be circulated as money or as notes or bills of a bank.
The club shall have power to make by-laws, rules and regulations, not being contrary to law or to the provisions of this Act, with power to amend or repeal the same, for all purposes relating to or bearing on the affairs, business, property, management, aims, objects and interests of the club, and for the admission, retirement and expulsion of members.
No part of the income or profits from the operation of the club shall enure to the personal benefit of any person, firm, or corporation, or be paid or payable to the members or shareholders of the club.
NOTE: This Act replaces S.M. 1907, c. 54.