Bill 38 (Legislature 1, Session 3)

L1 S3 10358

Alberta — Bills

- _/: JI -= A c .J:~ -· -: __ 'r .. 9= -~ .1L Q_Q_~_)(._Q )~ .. A.-~ _}!;_ ~~.}~ • ~- -~ __ T~ •• § -~ .Q=9: ... T --~.}~ ".!~ ... Ji . .c.::._.~-~ -~- 11 I ~ ,_, .. tmidt ,J..._,_, the pcrsonc; hor-JinrJ't er named, llild others in t~1c "1. t Oi ty of r.dmo::-1ton r.L'1c1 vicini ty4, have prayod to be incorporated by th ~ name of 11 T/it.

R(Jf$$rJ-G!/J/d~./I.N ,ctT/J~ J 11 !IDd· i-~--ie~i ... x.p.adi i)nt ... to gra'Ylt the prayer of the said petition; of the Lesi::jla+,ive Asseml;ly of the Province of Alberta,enact:'3 as follows: rmd all such other p ersonn as arc novr or her ~after ~.hall becom:; members of the sai~~- associatior shall be a'Yld are her-:.;by docla:·::d to be a body cJorporate and politic in dead a"1d in name by the namG of )he"RTJq:;t~-GJpfnt..Air c'trtiJ/' m1d by that name sln 11 hav-:: poTpctual uuccon::;ion und a common seal nnd shall have 'power :from time to t:Lme und at all tines lH~Toai'tor to be able and capoble to :)urchu.se, acquire, hold, posr:;~ss and enjoy, and and for the actual usc of the said co·rl')Oration any lands, tenc!"lcnts, here•.::litament3 and real and immoveabla property u.nd cs t :Jt c 3j_ tuilt e, lying and being w:. th the said City of ::lrncmton, [mci the sa>:!;; to S®ll, alienate, cx81lange and oth::r .. ri8e dispose of or ineumber whensoever the said cor- :·;crat::.on sh::1ll d,~·"m l·t., -~~r,..,,~;," .. r ".-~o to do· ,.,,..,d by ... ,1"' <'ill'd 1-",.,., - - - ~ -- ._; -- - ~ ' u,.l' iJ l u 0 l ~a e

-~. ' , --. ,.... l. ~. : • -' a:iminie.tro.tion c;_f -!;he said oJo.cpon.rtioTl s>all 1Jo ,:.:::U.l'lJOS~D and of which at least ten days 1 notic·c .... inBll'"b~e" ~ jiV"n by the public advcrti¥1ent·; or otherwise, to·- all the members thcr·Jof; 3Yld the constitution, rul()S and reg- Attorney G-cne.rc.l, ;:1GX·:::: full force and effect in fjD fc.r CLG the sar'le shall not be inconsh>tent vrith the laws in force i:-. the ?rovinc'e of Alberta c. ..

"'1d the prov~sion0 oi thia k:t: Provided alwa:rs that t:r.; said corr)o cat:~o~ '"'.a:i from tim11 to time al-:er, repeal :c•::1cl ch8n::;e such consti t;:tion, r':<les I and regulations in the ma""ln Gr tho-r Gin r:::-ov~ .icc~, n..'1y made to be subject to the approvJ.l of the Jfl!;·.ro:res'aid. -~fl¥ ;,:.;;"- r- to time borrow money "'f- ' ,exceod.in·the whole the sum of $25,000 at such rat~"of interest 0..'!1d upon such terms as they r.18.Y d.J~TY: propel' ond may for such purpose mal{e, execute _or iss~·:; CL.y mortgage, bonds, d~bentures or other i:n_struM.c;tts under the Bolli its the said corpor,;_:i<Jn, Yrhich bonds or debe!ltures shall operate subject to any mortgage civen in part payment of the purchQse money of real property acquired -.for a sit a for tho club buildings or ~or the ora~tion of Guch buildings th::; lon:'\:J Ct:!<l cf':'c;r~ts 'J~ the said corporation '-.'rithout rogistration; a..."':~ each holder of a."ly of the said debentures or bonds issued un~ler the provisiones of this

section shall be deemed to he a. mortgasee Emd cncunbrcmcer pro rata wit:l1 --., th.-:; other hol<lers thc:r:;of upon rmy inter.-.;st in any real cotate held by the said. corr)oration a"ld also upon any such 1ntc.rest in any policy Ol' poli:i3s of insuranc~ against losa

( 3) dlr damage lJy fire affected upon the buildint;s owned by th:e copporc..t:i.on, 4. Jmy ouch mortc~.sefJ, bonus, debentures or ether --ins t n11"1 en t s :3hall b o 8 iGn ed b:r the Jr es j_ dent of the said porporation and counttarsigned by tho jecrctury. 5 •.

The moneys authorized to be ruis·::d under the - provisions of SGction ( 3) of thir-> Act shall be applied excluCJiV']ly in the purchase of a E:ite for the club buildihsn <:L"1cl in the purchaso, improvement or erev~tion of a club house ancl dep0ndencies thereon,... together v:rith necessary furniture for the purchase of any freehold int.<Jrc">t therein and in the payment of any rnortgag<s or charge th~rcon a.'1'1d for the redemption of the said debentures a:-1d rci;-;sues as they become due reGpoct:i.vely from time to time and at all times • ..§ •.

No member of the corporation shall be in any way liable for or chare·3able with the payment of any debt or der1and due by the said corporation beyond the ~xt ent of tlle entrance f eo and annual subscriptions remaining unpaid hy said member and for r:my unpaid accounts he may hav~ incurred to the corporation for articles or- dercd by him in said club; and eJ1y menmber of the :.:;:aid ~lbb not so indebtect to the said corporation l":'lay rotirc therefrom a'1J vlill cease to be a member on giving notice to that effect in such form as may be required by the constitut:Lon, ruJ.es and regulations of the said club a'1'1d th cnc ofcrth ~J:w.J.l b o fr e c from liability for [U1Y debt or engagement of the corporation.

I· The said corporation shall have power to dravr, mal: e acce~Jt and 0nclorse any bills of exchange ::mel promissory notes nocesoar:r for th"J y;nrroaes of the said. corporation uft 8r n.uthor:i ty o ,~ th.J governine body of the said corporc.tion no to do; n...'1d in no C8.r:.le will it be necer:;sary

(4) that the seal of the corporation br:2 :::tffixecl to a<'l.Y such bill or note nor Gho.ll tho Prcsi·1ent or 8Dcretary be :L:1dividually liable or r~sponsible t:1orcfor: Provid::d that nothinc h.:.r'Jin contained shall be constru~ ed to authorize the corporation to issue notes or billo o.f cxcharlse pa.yablo to bea.:::-Jr or intended to be circuln+.~d as mon·JY or o.s notes or bills of a bank. 8.

Hot·:rithst::r0clin~ anything her·::inhcfC'JDe contained tl1.o -- oui:J corr-·o:tation ullull haV·J IJO\'ler to rent c.my portions of the real estate held by the said corpo:::-a.tion upc•n such t 0rms and for such periods as may be ae;rcccl upon and to inveot in real nne~ personal securities any fund2 of the said /:lub. 9. TlHl flub hereby constituted shall be subject to all proviuions for the inspection control o~d Y0SUlntion« of f,lulw ir: the /rovinc e which may hereafter b'J· pa3s ed by the Lq~islat-...~.re.· 10, Thh-; Act may be cited as «·Tirt m1iiff-rrf:lnO..fr ci.l.m Pi f." ~ . "- - ' -

tl I I 1-3 ~ I ~ I I l!";i t-3, >-0 :xl I 1: --< H I' '-1 " w z ~ l! CIJ 0 I 0 0 I. " n I :::0 I L ':Cl 'LJ I .. .; 0 ":t-) ::0 . :t,. ., ~-.. >-3 turJ C2 l.' ··• aj Title: 1908 (1st, 3rd) Bill 38,

An Act to Incorporate the Russo-German Club

Document details

Collection	Alberta — Bills
Citation	L1 S3 10358
Type	bill
Volume / chapter	L1 S3 10358
Language	en
Format	json
Source	PROVINCIAL
Identifier	7f0b005c1a4b8dc52e461a5bf5567a4ff3d6da95

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