Bill 76 (Legislature 13, Session 3)

L13 S3 6312

Alberta — Bills

No. 76 3rd Session, 13th Legislature, Alberta 5 Elizabeth II, 1957 BILL 76 A Bill to Incorporate the Horsemen's Jockey Club MR. DIXON (Private Bill) EDMONTON, ALBERTA Printed by A. SHNITKA, Printer to the Queen's Most Excellent Majelilty, 1967

BILL No. 76 of 1957

An Act to Incorporate the Horsemen's Jockey Club (Assented to , 1957)

WHEREAS a petition has been presented for incorpor-

Preamble ation of a jockey club as therein mentioned, and it is expedient to grant the prayer of the said petition: Therefore, Her Majesty, by and with the advice and consent of the Legislative Assembly of the Province of Alberta, enacts as follows: 1. Wilbert Lawrence Falconer, Leslie Clarence Percy ~~f~~por Lear, and Everett Miller Bills, all of the city of Calgary, Alberta; and James A.

Charlesworth, Norman Lang Chap- man, and Lucien Maynard, all of the city of Edmonton, Alberta, together with such persons as may hereafter become members of the club, are hereby constituted a body corporate under the name and style of Horsemen's Jockey Club hereinafter known and described as "the Club". 2. The Club shall have power (

a) to promote and to improve the breeding of thor oughbred horses in the Province, (

b) to acquire by purchase, lease or otherwise land in the Province of Alberta, and to layout and main tain race courses, and construct such buildings as may be necessary for the purposes of the Club, (c) (

d) to hold exhibitions and contests and exercises pro moting skill in the use of arms and for promoting horse and foot races and other lawful games which require bodily activity or address, and for promot ing athletic matches and competitions, and for all the said purposes to offer and grant or con tribute towards the provision of prizes, awards and distinctions, to operate a pari-mutuel betting system during a horse race meeting conducted by the Club, (

e) to subscribe to, become a member of and co-oper ate with other organizations, either incorporated or not, whose objects are altogether or in part sim ilar to those of the Club, Powers

Stock Liability of share holders Additional powers Receipts Special constables (f) (g) 2 to promote the physical, social and economic wel fare of its members, and from time to time to sell, lease or dispose of the whole or any part of the property of the Club. 3.

(1) The capital stock of the Club shall be five hun dred thousand dollars divided into five thousand shares of one hundred dollars each.

(2) The said stock may be divided into such class~s, whether ordinary shares, preference shares, or otherwIse as the directors think fit, and the directors shall have power to attach to any class of shares such rights, privi leges and priorities as may be determined, and subject such shares, or any of them, to such conditions or restric tions as they may decide. 4. The holders of shares in the Club shall not be person ally liable for the debts of the Club or liable to the Club in any sum except such portion of the amount they may have agreed to pay for their shares as may remain at any time unpaid. 5. The Club in addition to all other powers shall have power (

a) to borrow or raise or secure the payment of money by negotiable instruments and by the issue of de bentures or debenture stock, bonds, mortgages or obligations, charged upon the property of the Club and to extend the period for payment of the same, and to purchase, redeem or payoff any such secur ities in whole or in part, (

b) to invest its funds or any portion thereof, either directly in the name of the Club, or indirectly in the name of trustees, in the purchase of such securities as it may deem advisable, and also may lend its funds or any portion thereof on any such securi ties, and (

c) to mortgage or charge all or any part of the pro perty of the Club either for the payment or secur ity for a debt or otherwise. ,6. The Club shall have power to apply any part of its receipts or revenues by way of prizes to contestants or competitors at an~ meeting or exercises held by the Club or by way of premIuIl;ls to the breeders or owners or exhib itors of animals exhibiting or contesting thereat. 7. The Club shall have power to preserve order upon and in the vicinity of its grounds and for that purpose to employ special constables.

3 8. The persons named herein shall be the provisional Provisional . • directors dIrectors of the Club and shall have power to provIde for the constitution of the Club and the admission of n1embers thereto. 9. A general meeting of the Club shall be held within General twelve months from the date of the passing of this Act and meetings in each calendar year thereafter and at the first of such general nleetings the management of the Club shall be vested in a board consisting of such number of members as the Club nlay from time to time determine and shall be elected annually at such general meetings. 10.

A majority of the shareholders of the Club may By-laws from time to time nlake and repeal or amend all such by- fa~1o~~gU laws and regulations for the carrying on of the affairs of the Club as they may see fit and any such by-laws or regulations not inconsistent with the law or this Act shall be binding upon the Club and its members. 11. The Club shall at all times when called upon to do Accounting SO by the Lieutenant Governor in Council render an ac- count in writing of its property and affairs. 12.

The powers herein granted shall be subject to the General general laws of the Province now in force or hereafter laws enacted. 13. This Act comes into force on the day upon which Coming it is assented to. into force

THIRD SESSION THIRTEENTH LEGISLATURE 5 ELIZABETH II 1957 BILL

An Act to Incorporate the Horsemen's Jockey Club Received and read the First time .................. . Second time ..... Third time. MR. DIXON Title: 1957 (13th, 3rd) Bill 76,

An Act to Incorporate the Horsemen's Jockey Club

Document details

Collection	Alberta — Bills
Citation	L13 S3 6312
Type	bill
Volume / chapter	L13 S3 6312
Language	en
Format	json
Source	PROVINCIAL
Identifier	2c61bce6f20ef434b91cfd70dcbad7242f041386

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