|This is an unofficial archived version of The Winnipeg Bible College and Theological Seminary Incorporation Act|
as enacted by SM 1990-91, c. 1 on November 14, 1990.
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R.S.M. 1990, c. 217
The Winnipeg Bible College and Theological Seminary Incorporation Act
|Table of Contents|
WHEREAS R. Wesley Affleck, Clergyman, Stewart M. Battram, Barrister-at-law, Abraham Buhr, Barrister-at-law, William Ellis, Tinsmith, Robert Gemmel, Architect, Dr. Herbert Harlow Janetzki, Clergyman, Hugh L. MacKinnon, Wholesale Merchant, William Pearce, Banker, Harry D. Slater, Express Manager, Stanley Steinman, Teacher, Walter D. Shunk, Clergyman, all of the City of Winnipeg, in the Province of Manitoba, for a number of years carried on the work of Christian Education in Winnipeg and St. James, Manitoba, under the name Winnipeg Bible Institute;
AND WHEREAS it was desirable that the institution have power to carry on instruction and teaching in such branches as might be determined by it;
AND WHEREAS those persons, by their petition, prayed that the institution should be incorporated;
AND WHEREAS their prayer was granted, and resulted in the enactment of An Act to incorporate "Winnipeg Bible Institute and College of Theology", assented to April 22, 1948;
AND WHEREAS that Act was subsequently amended and the name of the corporation changed to Winnipeg Bible College and Theological Seminary;
AND WHEREAS the Minister of Justice has caused the 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:
Winnipeg Bible College and Theological Seminary (hereinafter referred to as "the corporation") is continued as a corporation consisting of those persons who are members of the corporation on the coming into force of this Act and such other persons as may become members of the corporation, in accordance with the statutes and ordinances or by-laws of the corporation.
The corporation may purchase, acquire, hold, possess and enjoy, and may have, take and receive for it and its successors, lands, tenements and hereditaments, and real and immovable property and estate within the province, necessary for actual use and occupation as school buildings, residences for professors, tutors, teachers and officers, with gardens or pleasure grounds pertaining thereto, and may sell, alienate and dispose of them, and other in their stead purchase, acquire and hold for the uses and purposes aforesaid.
The corporation shall have power and authority to take, accept or receive to the use and to and for the purposes of the corporation, any and all lands, tenements and hereditaments, and any and all property, movable and immovable, stocks, lands, debentures, or securities for the payment of money by purchase, gift, devise, bequest or otherwise however, and shall have and hold every of one them and every part thereof, to and for the use and purpose of the corporation.
The corporation may sell, exchange, mortgage, hypothecate or otherwise dispose of or pledge any lands, tenements or hereditaments, or other real or personal property, stocks, shares, bonds, debentures or securities of which it may, at the passing of this Act, or at any future time, become seized, possessed or in any way interested in, by virtue of this Act, or howsoever otherwise, and make and execute under its common seal, or otherwise according to law, all proper deeds and instruments and do all other acts, matters and things requisite or necessary to effectuate and accomplish all and singular the premises; and the corporation shall stand seized and possessed of the real and personal property, securities or moneys, resulting from any transaction taking place under this section to and for the uses and purposes of the corporation.
The corporation may invest all or any sums of money of, or belonging to it, or given or bequeathed to it, in any bonds or securities of Canada, or of any province thereof or of the United Kingdom, or of any foreign state or in any debentures of any municipality of the province, and may also lend and invest any such moneys upon the security of any real or personal property, and the corporation may, under its corporate name, or in the name of any person or persons, as trustee or trustees, take and hold any real or personal property, or any interest therein by way of mortgage to secure any such investment.
All the property of every kind whatsoever of which the corporation shall at any time be seized, possessed or in any way interested in, as well as any income, interest, dividends, rents, issues or revenues therefrom arising or accruing, shall from time to time and at all times, be exclusively, applied and appropriated to the maintenance and support of the corporation and the advancement and promotion of the training and education of the pupils and scholars therein, and to no other purpose or object.
The corporation may by all lawful ways and means, carry on such educational work as may be determined by it, and may continue, enlarge, and perpetuate, the corporation, and to this end may make and establish such rules, orders and regulations not contrary to law or to any Act of the Legislature or any regulations thereunder, as to it shall seem expedient, as well in respect of the course and system of training and instruction in the said school as in respect of the teachers, pupils and scholars thereof.
The affairs of the corporation shall be managed by a board of directors consisting of the membership of the corporation.
The board of directors shall at its first meeting after the annual meeting of the corporation appoint from among the members thereof a chairman, a secretary, a treasurer and such other officers as the corporation may require.
The board of directors may, in addition to exercising the powers herein conferred upon it or by law vested in, or incident to, a corporation aggregate, draw up, pass and enact statutes and ordinances, or by-laws, for the holding of annual, general, or special meetings, the appointment and continuance in office of the directors, naming the number of directors who shall constitute a quorum for the transaction of business of the corporation and the exercising of the power thereof, for the admission of persons desirous of becoming members of the corporation, for the appointment of teachers, and the prescription of the course of study, instruction, training, discipline, and for whatsoever else in their discretion may be deemed needful and expedient for the welfare of the corporation and for any and all other matters and things connected with or incident to the corporation.
All the estate and property, rights and credits both real and personal, held by the trustees of Winnipeg Bible Institute for and on behalf of Winnipeg Bible Institute are hereby vested in the corporation; and all debts owing by Winnipeg Bible Institute shall be paid and discharged by the corporation.
The board of directors shall have the whole management of the financial affairs of the corporation, and shall receive and distribute all its moneys, keep and manage all its property and transact all business relating to the property and money committed to its care.
All transfers, deeds, mortgages and other instruments or documents to which the corporation is a party shall be deemed to be properly executed by the corporation if the corporate seal is affixed thereto, attested by the signature of the chairman or vice-chairman of the board of directors and of either the secretary of the said board or the president of the corporation, or by such other persons as the said board may by resolution appoint for that purpose.
No member of the corporation shall be individually liable or accountable for the debts, contracts, acts or defaults of the corporation.
The corporation shall when thereunto required by the Minister of Education, render an account in writing of its affairs, which account shall set forth in particular the annual income derived from lands, tenements and hereditaments held or owned by the corporation, other income and the source whence it is derived, and the members of the corporation; the number of teachers employed in the various branches of education, and the course of instruction.
The corporation shall have, hold and continue to exercise the right, power and privilege in the name of the corporation to grant degrees, including honorary degrees, diplomas and certificates which may be deemed necessary or useful for carrying into effect the object and purposes of the corporation.
Note: This Act replaces S.M. 1948, c. 102.