Bill 1 (Legislature 14, Session 2)

L14 S2 1957

Alberta — Bills

No.1 2nd Session, 14th Legislature, Alberta 9 Elizabeth II BILL 1 A Bill to amend The Calgary Golf and Country Club Act MR. WATKINS Printed by L. S. \YALL, Printer to the QUU'n's Most Excellent ~[ajt'sty, Edmonton, Alberta. 1961

BILL No.1 of 1961

An Act to amend The Calgary Golf and Country Club Act (Assented to , 1961)

Preamble

WHEREAS a petition has been presented praying for the amendment of

an Act to incorporate the Calgary Golf and Country Club, being

chapter 36 of the Statutes of Alberta, 1910, (Second Session), as therein set forth, 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:

Short title 1. This Act may be cited as "The Calgary Golf and

Section 2 amended Country Club Amendment Act, 1961". 2. The Calgary Golf and Courdry Club Act, being chap ter 36 of the Statutes of Alberta, 1910 (Second Session) is hereby amended.

Section 2 is amended (

a) by renumbering the first paragraph thereof as subsection (1), (

b) by adding at the end of the renulnbered subsection (1) the following: "and providing for the assessment, cancellation, redemption and reissue of shares of its capital stock." (

c) by renumbering the remainder of

section 2 as sub section (2) so that the

section shall now read as follows: 2.

(1) The members of the corporation shall have the sole power to frame a constitution and to make by-laws, rules and regulations for the man agement of the affairs of the corporation, includ ing the regulating of the allotment and price of stock, making calls thereon, the payment thereof, and the issue and registration of certificates of stock and forfeiture of stock for nonpayment, the disposal of forfeited stock and of the proceeds thereof and the transfer of stock, the declaration and payment of dividends, regulating the issue of the club shares of stock and fixing the qualifications of persons who shall be competent to hold the same,

2 the manner in which the same shall be held and formalities requisite to a valid transfer thereof and the persons to whom they may be transferred, (and providing for the assessment, cancellation, redemption and reissue of shares of its capital stock) .

(2) The constitution, rules, by-laws and regu lations of the corporation shall be formulated at a general meeting thereof called for that purpose and of which at least ten days' notice shall be given by public advertisement or otherwise to all the members thereof, and the constitution, rules, by-laws and regulations then adopted shall, sub ject to the approval of the Attorney General, have full force and effect in so far as the same shall not be inconsistent with the laws in force in the Pro vince of Alberta and the provisions of this Act, provided always that the said corporation nlay from time to time alter. repeal and change such con stitution, rules and regulations in the manner herein provided.

Section 4 is amended (

a) by renumbering the

section as subsection (1), (

b) by adding immediately after the renumbered sub section (1) the following:

(2) Sections 48 to 51 of The Companies Act, Revised Statutes of Alberta, 1955,

chapter 53, apply to the corporation, mutandis muta.ndis. so that the

section shall now read as follows: 4.

(1) The said cOl'por:ltion shall have a capital of $50,000 divided into 1,000 sh2.res of $50 each, and only those holding at least one share in the said corporation shall be a member of the said corporation in full standing.

Such shares shall and are hereby vested in the several persons to whom they shall be allotted, their legal repre sentatives and assigns, subject to the provisions of this Act, and the rules and regulations of the corporation, pro vided, however, that the said club may by their rules and regulations allow others to become members with restricted privileges on such conditions as they think fit. «2) Sections 48 to 51 of The Companies Act, Revised Statutes of Alberta, 1955,

chapter 53, apply to the COl'por ation, mutatis mutandis.)

Section 4 amended 5. This Act comes into force on the day upon which Coming it is assented to. Into Corce

No.1 SECOND SESSION FOURTEENTH LEG1SLA JURE 9 ELIZABETH II 1961 BILL

An Act to amend The Calgary Golf and Country Club Act Received and read the' First time ......................................... . Second time ....................................... . Third time ......................................... . MR. WATKINS Title: 1961 (14th, 2nd) Bill 1,

An Act to amend The Calgary Golf and Country Club Act

Document details

Collection	Alberta — Bills
Citation	L14 S2 1957
Type	bill
Volume / chapter	L14 S2 1957
Language	en
Format	json
Source	PROVINCIAL
Identifier	75f04465bed3aca350fde90ca700d0732ca9bb06

Source file is stored in the law ingest library (json).