Bill 69 (Legislature 14, Session 4)

L14 S4 1901

Alberta — Bills

No. 69 4th Session, 14th Legislature, Alberta 10 Elizabeth II BILL 69 A Bill to Incorporate the ,Universitv Hospital Foundation HON. DR. Ross Printed by L. S. "'ALL, Printer to the Queen's Most Excellent ~!ajt'sty. Edmonton, Alberta, 1962

Explanatory Note I. This Bill will establish a Foundation to hold and administer property to be used for purposes beneficial to the University of Alberta Hospital. 2.

Definitions. 3. Establishment of the University Hospital Foundation. 4. Objects of the Foundation.

BILL No. 69 of 1962

An Act to Incorporate the University Hospital Foundation (Assented to , 1962) 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 Unirers'ity Hospital Foundation A.ct". 2. In this Act, (a) "Board" means the University Hospital Board under The University of Alberta Hospital Act; (b) "Foundation" means the University Hospital Foun dation; ( c) "property" means real and personal property, in cluding money; (d) "trustees" means the members of the Foundation. 3. There is hereby established a corporation under the name of the "University Hospital Foundation" which shall consist of (

a) the chairman of the Board, (

b) the Dean of the Facult~T of Medicine, University of Alberta, (

c) the executive director of the University of Alberta Hospital, and (

d) the persons appointed or elected pursuant to

section 7. 4. The objects of the Foundation are (

a) to seek and receive by gift, bequest, deYise. transfer or otherwise, property of every nature and descrip tion, and (

b) subject to any prior trust conditions imposed upon the use of such property. to hold, use and admini.;;ter it for the purpose of maintainnig and advancing the position of the University of Alberta Hospital as a progressh'e treatment, teaching and research in stitution for the general benefit of the peoples of Alberta.

2 5. Duties of the Foundation. 6. Power to hold money and pay an annuity therefrom. 7. Appointment and election of trustees.

2 5. The Foundation: (

a) shall apply its property or expend the income there from for such particular purposes, including tru5t conditions imposed, as could not otherwise be readily met out of public funds; (

b) shall invest its funds in securities authorized bv law for investment of trust funds or as rna,' be dir"ected by the donor; . (

c) may transfer any of its property to the Board upon such terms not inconsistent with any prior trust condition attaching thereto as it may deem ex pedient; (

d) may enter into such contracts and do all such other things as may be necessary, desirable or expedient to effect its purposes. 6.

(1) The Foundation may receive moneys by gift, be quest, transfer or otherwise for the payment of an annuity, equal to four per cent of the amount of the moneys so received, or the rate of interest earned by the Foundation on its investments, whichever is the lesser of the two, to a person designated by the donor, testator or transferor, (

a) if the aggregate sum of all such moneys held by the Foundation does not exceed one million dollars, (

b) if the annuity for which the moneys are held is for the period of one life only, (

c) if the property in the moneys is vested in the Founda tion free of any other charge whatsoever, and (

d) if the person designated as the recipient of an annuity has attained the age of fifty-five years, (

i) at the date of the gift or transfer of such moneys to the Foundation, or (ii) at the date of the death of the testator in the case of a bequest of such moneys to the Foundation.

(2) The Foundation may enter into any agreement neces sary to the exercise of the powers given to the Foundation under subsection (1). 7. ( 1) The chairman of the Board shall be the first chairman of the trustees and shall call a meeting of the ex officio trustees within three months after the commence ment of this Act.

(2) At such meeting the c;r, officio trustees shall appoint not less than three nor more than seven additional trustees.

(3) Should the ex officio trustees at the meeting appoint less than seven additional trustees, then the trustees for the time being shall appoint from time to time additional trus tees until seven such trustees haye been appointed.

3 8. Meetings of trustees. 9. Management of Foundation. 10. Delegation of powers to committees. II. Location of principal office.

(4) All trustees so appointed shall hold office for a term of three years or until their successors are elected and are eligible for re-election, subject to the conditions hereinafter contained.

(5) Thereafter all trustees, other than ex officio trustees, shall be elected for a term of three years by a maj ority vote of those present at a duly called meeting of the trustees.

(6) Vacancies caused by death, resignation or otherwise among the trustees, other than the ex officio trustees, shall be filled by election in similar manner for the unex pired terms of office of the persons dying, resigning or otherwise ceasing to be trustees.

(7) A majority of the trustees, other than the ex officio trustees, shall be residents of Alberta.

(8) No person who is a member of the attending medical staff or an employee of the Board is eligible for election as a trustee.

(9) In this

section Hex officio trustee" means the persons named in clauses (a), (

b) and (

c) of

section 3. 8.

(1) A majority of the trustees for the time being con stitute the quorum required for the meeting of the trustees.

(2) The trustees shall meet at least once a year on a date to be fixed by the chairman of the trustees. 9. The trustees may make by-laws, rules or regulations respecting: (

a) the adoption of a common seal; (

b) the appointment, functions, duties and removal of all agents, officers and servants of the Foundation and their remuneration; (

c) the time and place for the meetings of the trustees and the procedure to be followed at such meetings; (

d) the general conduct in every particular of the af fairs of the Foundation. 10.

(1) The trustees ma~' at any time delegate any of their powers to committees consisting of such of the trustees and of such other persons as the trustees deem advisable.

(2) Any committee so formed shall, in the exercise of the powers so delegated, conform and be subject to such direc tions, restrictions and regulations, if any, as are imposed upon it by the trustees. 11. The principal office of the Foundation shall be located at the city of Edmonton.

4 12. Actions against trustees. 13. Commencement of Act.

4 12. No action shall be brought against the trustees, or any of them, on account of any thing done or omitted in the execution of their office nor against the Foundation without the consent of the Attorney General first having been ob tained. 13. This Act comes into force on the day upon which it is assented to.

No. 69 FOURTH SESSION FOURTEeNTH LEGtSlA TURE 10 ELIZABETH II 1962 BILL

An Act to Incorporate the University Hospital Foundation Received and read the First time ......................................... . Second time Third time ................... .. RON DR. Ross Title: 1962 (14th, 4th) Bill 69,

An Act to Incorporate the University Hospital Foundation

Document details

Collection	Alberta — Bills
Citation	L14 S4 1901
Type	bill
Volume / chapter	L14 S4 1901
Language	en
Format	json
Source	PROVINCIAL
Identifier	b4490f5b6e8bd30f9eb3f8777648126f26029e7f

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