Bill 1 (Legislature 13, Session 5)

L13 S5 6021

Alberta — Bills

No.1 5th Session, 13th Legislature, Alberta 7 Elizabeth II, 1959 BILL 1 A Bill to incorporate the Calgary Trotting & Pacing Association MR. GERHART Printed by L. S. WALL, Printer to the Queen's Most Excellent Majesty, Edmonton. Alberta, 1959

Explanatory Note The purpose of this Bill is to incorporate the Calgary Trotting & Pacing Association, an association to promote and improve the raising and breeding of trotting and pacing horses and to run racing contests thereof.

BILL No.1 of 1959

An Act to incorporate the Calgary Trotting & Pacing Association (Assented to , 1959)

WHEREAS a petition has been prepared for incorpora-

Preamble tion of the Calgary Trotting & Pacing Association as therein mentioned, and it is expedient to grant the prayer of the said petition. Therefore, Her Majesty, by and with the advice and con sent of the Legislative Assembly of the Province of Alberta, enacts as follows: 1. Michael J.

Melton, Chester William Leonard and Lu- Constitution cille Leonard, of the City of Calgary, Alberta, together with fssociation such persons as may hereafter become members of the Association, are by the provisions of this enactment duly constituted a body corporate under the name, style and designation of the Calgary Trotting & Pacing Association hereafter referred to as "the Association". 2. The head office of the Association shall be in the City Head office of Calgary, in the Province of Alberta. 3.

The purpose of the Association shall be the holding and yurpo\set.of operating in or adjacent to the City of Calgary exhibitions ssoc a Ion and contests of standardbred horses or anything of a like nature calculated to promote and improve the raising and breeding of trotting and pacing horses. 4. The Association shall have the power Powers of • . Association (

a) to promote and to Improve the breedIng of stand- ardbred horses in the Province, (

b) to acquire land in the Province of Alberta, and to layout, maintain and operate race courses, and to construct club houses and all buildings incidental to the purpose of the Association, (

c) to hold exhibitions and contests and exercises for promoting skill in the use of arms, and for promot ing harness or trotting or pacing races and for promoting athletic matches and competitions, and for all the said purposes to offer and grant or con tribute toward the provision of prizes, awards and distinctions, (

d) to conduct pari-mutuel betting on such games and races in accordance with the Criminal Code of Canada,

2 (

e) from time to time to sell, lease or otherwise dispose of the whole or any part of the property and under taking of the Association, and to acquire other property in place or swad thereof by purchase, lease or otherwise, (

I) to promote the physical, social and economic wel fare of its members, (

g) to enter into all contracts and agreements neces sary or expedient to be entered into for the fore going purposes. 5.

(1) The capital stock of the Association shall be one Stock hundred thousand dollars divided into ten thousand shares of ten dollars each.

(2) The said stock may be divided into such classes, 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, privileges and priorities as may be determined, and subject such shares, or any of them, to such conditions or restrictions as they may decide. 6.

The holders of shares in the Association shall not Liability of . d b f h A . t' shareholders be personally lIable for the e ts 0 t e SSOCla IOn or liable to the Association 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. 7. The Association in addition to all other powers shall Additional have power powers (

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 As sociation and to extend the period for payment of the same, and to purchase, redeem or payoff any such securities in whole or in part, (

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

c) to mortgage or charge all or any part of the pro perty of the Association either for the payment or security for a debt or otherwise. 8. The Association shall have power to apply any part of Receipts its receipts or revenues by way of prizes to contestants or competitors at any meeting or exercises held by the Associa- tion or by way of premiums to the breeders or owners or exhibitors of animals exhibiting or contesting thereat.

3 9. The Association shall have power to preserve order Special upon and in the vicinity of its grounds and for that purpose constables to employ special constables. 10. The persons named herein shall be the provisional P.r0visional directors of the association and shall have power to pro- directors vide for the constitution of the Association and the ad- mission of members thereto. 11.

A general meeting of the Association shall be held General within twelve months from the date of the passing of this meetings Act and in each calendar year thereafter and at the first of such general meetings the management of the Association shall be vested in a board consisting of such number of members as the Association may from time to time de termine and shall be elected annually at such general meet- ings. 112. A maj ority of the shareholders of the Association BY-Ial wtis and . .

I regu a one may from bme to bme make and repeal or amend a I such by-laws and regulations for the carrying on of the affairs of the Association 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 Association and its members. 13. The Association shall at all times when called upon to Accounting do so by the Lieutenant Governor in Council render an ac- count in writing of its property and affairs. 14. The powers herein granted shall be subject to the General laws general laws of the Province now in force or hereafter en- acted. 15.

This Act comes into force on the day upon which it Coming is assented to. into force

No.1 FIFTH SESSION THIRTEENTH LEGISLATURE 7 ELIZABETH II 1959 BILL

An Act to incorporate the Calgary Trotting & Pacing Association Received and read the First time ....................... . Second time ....................................... . Third time ....... . MR. GERHART Title: 1959 (13th, 5th) Bill 1,

An Act to incorporate the Calgary Trotting and Pacing Association

Document details

Collection	Alberta — Bills
Citation	L13 S5 6021
Type	bill
Volume / chapter	L13 S5 6021
Language	en
Format	json
Source	PROVINCIAL
Identifier	7b56d7310be71f340b67c2eb0f9c4303504cb496

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