|This is an unofficial archived version of The Roseisle Hutterian Mutual Corporation Incorporation Act|
as enacted by SM 1990-91, c. 1 on November 14, 1990.
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R.S.M. 1990, c. 152
The Roseisle Hutterian Mutual Corporation Incorporation Act
|Table of Contents|
(f) to do all or any of the above things as principal, agents, contractors or otherwise and either alone or in conjunction with others;
(g) to do such other things as are incidental to or conducive to the attainment of the above objects.
For the benefit and in furtherance of the objects of the corporation, it may purchase, acquire, take, have, hold, exchange, receive, possess, inherit, retain and enjoy, property, real or personal, corporeal or incorporeal, whatsoever, and for any or every estate or interest therein whatsoever given, granted, devised or bequeathed to it or appropriated, purchased or acquired by it in any manner or way whatsoever and may also sell, convey, exchange, alienate, mortgage, lease, demise or otherwise dispose of any such real or personal property.
The corporation shall have full power to borrow money, to issue bonds, debentures, or other securities; to pledge or sell such bonds, debentures or securities for such sum and at such price as may be deemed expedient or be necessary; to charge, hypothecate, mortgage or pledge any or all of the real or personal property, rights and powers, undertaking, franchises, including book debts of the corporation to secure any bonds, debentures or other securities or any liability of the corporation.
All the lands, estates, leases, charges, mortgages, encumbrances, securities, assets, properties, real, personal or mixed, effects, rights, credits, choses-in-action, and causes of action of every description belonging to or standing in the name of or existing in or held in trust for the said Roseisle Colony of Hutterian Brethren, and without limiting the generality of the foregoing, the lands set out in the schedule hereto and all the personal property, goods and chattels of whatsoever nature and kind which, on April 20, 1931 were situated on the said lands or used or enjoyed in connection therewith, were, subject to all registered encumbrances, vested in the corporation, its successors and assigns for all the estate, right, title, interest, claim and demand which the said Roseisle Colony of Hutterian Brethren had on April 20, 1931 become, or has or may become entitled to, and the corporation shall be and is hereby empowered to exercise all the powers, rights and privileges for or in respect of the same or any of them that the said Roseisle Colony of Hutterian Brethren have or had or could or might have exercised. The trustees who held real or personal property for the said Roseisle Colony of Hutterian Brethren as at April 20, 1931 are authorized and directed to transfer, set over and assign to the corporation all such real and personal property held by them.
The corporation shall assume and be liable for the debts or obligations which the said Roseisle Colony of Hutterian Brethren had contracted or incurred, or the payment or satisfaction of which had been guaranteed by the Hutterian Brethren Church in Manitoba as at April 20, 1931, and without limiting the generality of the foregoing the corporation assumed and is liable for all indebtedness of the said Hutterian Brethren Church to the Bank of Montreal as at April 20, 1931.
The corporation, at a meeting at which not less than four-fifths of the male members thereof are present, shall have full power to make, establish and sanction, amend, repeal or abrogate all such rules, regulations and by-laws as they shall judge necessary for its good administration and government, providing the same be not contrary to the provisions of this Act nor to the laws of this Province.
The property, affairs and concerns of the corporation shall be managed by and the business of the corporation shall be carried on by a board of five directors, namely: the president, vice-president, secretary-treasurer and two other members, all of whom shall be male members of the corporation, elected in accordance with the by-laws, rules and regulations of the corporation.
The board of directors shall have full power and authority to exercise all powers of the corporation but only in accordance with its by-laws, rules and regulations, and in accordance with the provisions of this Act.
Each and every member of the corporation shall give and devote all his time, labor, services, earnings and energies to the corporation and the purposes for which it exists, freely, voluntarily and without compensation or reward of any kind whatsoever other than as herein provided or in the by-laws, rules and regulations of the corporation expressed.
Subject to the provisions of any Act of the Legislature in force or hereafter brought into force, the corporation shall not be dissolved and the charter hereby granted shall not be surrendered except by and with the consent of all the members of the corporation.
If any member of the corporation refuses to obey and conform to the by-laws, rules and regulations of the corporation or refuses to give and devote all his time, labor, services, earnings and energies to the corporation or refuses or neglects to do and perform the work, labor, acts and things required of him by the by-laws, rules and regulations of the corporation, or refuses or neglects to attend and engage in the regular meetings, worship and religious services of the corporation, or abandons or quits membership in the corporation, such member may be expelled or dismissed from membership in the corporation upon a majority vote of the male members of the corporation.
The president, or vice-president and the secretary-treasurer for the time being of the corporation are authorized to transact and manage all banking business of the corporation, to pay and receive all money, to give acquittances for the same; to make, draw and sign all orders, cheques, and drafts for payment of money; to settle, balance and arrange all books and accounts, and generally to do any act, matter or thing which the nature of the business of the corporation with the bank or banks shall or may require.
The board of directors of the corporation, by and with the consent of a majority of the male members of the corporation, may contract for, buy, sell, assign, transfer, encumber, guarantee, hypothecate, mortgage, pledge, charge, lease and dispose of all or any of the real and personal property of the corporation for any purpose whatsoever and upon any terms whatsoever, and as security for any moneys borrowed or any liability of the corporation, may execute and deliver under the seal of the corporation or not, as may be necessary, in favor of any moneylender, mortgagee, bank, person, firm or corporation any mortgage pledge, charge, bonds, debentures, warehouse receipts, bills of lading, negotiable instruments and such other securities or the real and personal property of the corporation as in its discretion the board of directors may see fit, and may also give to any bank any securities as permitted or required under The Bank Act (Canada) as security for any moneys borrowed from time to time from any bank.
The board of directors of the corporation may, by and with the consent of a majority of the male members of the corporation, guarantee or become surety for the payment of any debts or liabilities or the performance of any obligations of any one or more Hutterian organizations, and may, for that purpose, execute any bonds, pledges or undertakings whatsoever.
Every deed, transfer, mortgage, bill of sale, chattel mortgage, negotiable instrument or other document relating to or dealing with the property of the corporation, or any interest therein, executed under the seal of the corporation and signed by the president or vice-president and by the secretary-treasurer of the corporation, shall be binding on the corporation, according to the tenor and effect of such instrument.
The corporation shall, at all times when called upon to do so by the Lieutenant Governor in Council, render an account in writing of its properties and affairs and nothing herein contained shall affect in any manner or way the rights of Her Majesty, Her heirs or successors or of any body politic or corporate.
The head office of the corporation shall be in the postal district of Roseisle in the Province of Manitoba.
Schedule (Section 5)
Section 5, 6, 8, all in township 6 and range 7 west of the principal meridian, in the Province of Manitoba, excepting out of the west half of said section 5 all that portion thereof transferred to the Crown for a highway, as shown on a plan of same registered in the Carman Land Titles Office, as No. 206, and excepting out of the north half of said section 6 all mines and minerals and special reservations as contained in the original grant from the Crown.
NOTE: This Act replaces S.M. 1931, c. 117.