Bill 5 (Legislature 15, Session 2)

L15 S2 1442

Alberta — Bills

No.5 2nd 'Session, 15th Legislature, Alberta 13 Elizabeth II BILL 5 A Bill to Incorporate Red Deer Exhibition Association MR. URE Printed by L. S. WALL, Printer to the Queen's Most ExceIlent Majesty, Edmonton, Alberta, 1965

Preamble

Short title Incorpor ation BILL No.5 of 1965

An Act to Incorporate Red Deer Exhibition Association (Assented to , 1965)

WHEREAS the persons hereinafter named have by their Petition prayed that it be enacted as hereinafter set forth, and it is expedient to grant the prayer of the said petition:

NOW THEREFORE Her Majesty, by and with the advice and consent of the Legislative Assembly of the Province of Alberta, enacts as follows: 1. This Act may be cited as "The Red Deer Exhibition Association Act". 2. Allan Smith, John A. Morton, Ruby MacFarlane, William J. Yule, M. Gertrude Richards, Charles M. McPhee, Donald W. Robertson, Gordon Towers and Terence Oldford, all of Red Deer, in the Province of Alberta, together with such persons as become shareholders in the Company, are incorporated under the name of "Red Deer Exhibition Association", herein called "the Company". ;rovlsional d 3. The persons named in

section 2 are the provisional c~~~i~~~i~~ directors of the Company and may provide for the consti tution and regulations of the Company in the form of and to be known as the Articles of Association of the Company, which, to the extent that they are not inconsistent with this Act or The Companies Act, shall become effective and be binding upon the Company and its shareholders upon being filed with the Registrar of Joint Stock Companies. Capital stock 4. The capital stock of the Company shall be five hun dred dollars divided into five hundred shares of a par value of one dollar each. Head office 5.

The head office of the Company shall be in the city of Red Deer, in the Province of Alberta. Powers H.

(1) The Company is hereby empowered: (

a) to promote, organize, conduct and hold in the vicinity of the City of Red Deer, in the Province of Alberta, agricultural, horse, cattle, dairying,

(b) (c) (d) (e) (f) 2 stock raising, horticultural, poultry, industrial arts, science, and other exhibitions, shows, sales and expositions of all kinds, race meetings and athletic sports matches of all kinds, and otherwise utilize the Company's property, rights and assets, and to give and contribute towards prizes, cups, stakes and other rewards; to carryon generally the business of furnishing entertainment and amusement to the public, to carryon the business of racecourse, amusement park, circus, theatre, exhibitions and performances of all kinds, in all its branches and to layout and prepare any lands for the running of horse and all kinds of races, and for any kind of athletic sports and games; to acquire by purchase or otherwise and to construct, maintain and provide all kinds of buildings, halls, grand or other stands, stables and paddocks, and other erections, conveniences, lands, grounds, parks and equipment which may seem directly or indirectly conducive to the Com pany's objects, and to use and permit the same to be used on ,such terms as the Company thinks fit for any purposes, public or private, including pub lic, political, private and other gatherings, meet ings, conventions, exhibitions, concerts, lectures, dinners, picnics and for performances, entertain ments, amusements and shows of all kinds; to conduct pari-mutuel betting and operate a pari mutuel system in accordance with the Criminal Code; to provide, engage and employ actors, dancers, singers and all other kinds of performers, artists or athl,etes, and to charge entrance and other fees to the public for such exhibitions, shows, enter tainments, meetings and for any of the activities and businesses of the Company; generally to promote any activity beneficial to agriculture, the agricultural community and the city of Red Deer and its citizens; to borrow or raise and secure the payment of money in such manner and on such terms as may be expedient, and in particular, and without in any way limiting the generality of th~ foregoing, to mortgage and charge the undertakIng and all or any of the real and personal property, and all or any of the uncalled capital of the Company, and to issue at par, or at a premium or discount, bonds, debentures, mortgages, debentures and debenture stock payable to bearer or otherwi,se, either perm anent or redeemable, and collaterally, grant secur ities under the Bank Act (Canada) and to secure any or all of the obligations of the Company by trust deed or other deeds, writings or assurances, and to

Dividends The Com panies Act Liability Repeal (g) (

h) issue and deposit any securities which the Com pany has power to issue by way of mortgage to secure any sum less than the nominal amount of such securities, and also by way of security for the performance of any contracts or obligations of the Company; to pay all or any of the expenses, incurred in con nection with the formation, promotion, organiza tion and incorporation of the Company; to acquire the property of and carryon the busi ness and undertaking of the Red Deer Agricultural Society, a body corporate incorporated by

chapter 117 of the Statutes of Alberta, 1949.

(2) The powers authorized or implied by subsection (1) of

section 19 of The Companies Act apply to the Company except and to the extent that the same may be inconsistent with this Act. 7. The Company shall not declare or pay any dividends nor distribute its property amongst the shareholders of the Company. 8. The Companies Act applies to the Company, except and to the extent that it may be inconsistent with the ex press enactments of this Act, and for the purposes there.of, the Company shall be treated as if it were registered under

section 165 of The Companies Act. 9. The liability of the shareholders of the Company is limited. 10. Upon the Company exercising the power given by clause (

c) of subsection (1) of

section 6 of this Act, clause (c) .of

section 5 of

chapter 117 .of the Statutes of Alberta, 1949, shall stand repealed. Commence- 11. This Act comes into force on the day upon which ment of Act it is assented to. 3

No.5 SECOND SEBSION FIFTEENTH LEGISLATURE 13 ELIZABETH II 1965 BILL

An Act to Incorporate Red Deer Exhibition Association Received and read the First time ..... Second time ........ . Third time ... MR. URE Title: 1965 (15th, 2nd) Bill 5,

An Act to Incorporate Red Deer Exhibition Association

Document details

Collection	Alberta — Bills
Citation	L15 S2 1442
Type	bill
Volume / chapter	L15 S2 1442
Language	en
Format	json
Source	PROVINCIAL
Identifier	6f67061af39f82ba15b5cc9993fe2d6568183b4a

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