Bill 5 (Legislature 10, Session 3)

L10 S3 7438

Alberta — Bills

BILL No.5 of 1946.

An Act to Incorporate "The Alberta Division, Canadian 'Veekly Newspapers Association". (Assented to , 1946.) W HE~~AS the persons ~ereinafter named have by their petltIon prayed that It be enacted as hereinafter set forth, and it is expedient to grant the prayer of the said petition; Therefore His Majesty, by and with the advice and con sent of ,the Legislative Assembly of the Province of Alberta, ena,cts as, follows.: 1. Clyde C. Jessup, of Nanton;' Arthur H. Avery, of Taber; Clive Nesbitt, of Brooks; William H. Schierholtz, of Rocky Mountain House, and Charles A.

Clark, of High River, all in the Province of Alberta, together with such persons as beconle shareholders in the company, are incorporated under the name of "The Alberta Division, Canadian Weekly News papers As s ocirtJi on " , hereinafter called "the company". 2. The said ,company under its corporate name shall be capable of suing and being sued, pleading and being im pleaded in all courts, and shall have a perpetual succession and a common seal, and shall have power from time to time to renew, alter, break, or change the said seal. 3.

The head 'Office 'Of the company shall be at the Town of High River, in the Province of Alberta. 4. The 'Objects 'Of the company shall be: (Cft) the elevation of the standard of newspaper writing and newspaper publishing; (

b) the promotion of the industrial and commercial interest 'Of its members as newspaper publishers; (

c) the collection, compilation and publication of infor mation relating to or affecting the interest of its members or any person, firm or corporation dealing with the company or any of its members; (

d) the arbitration and settlement of trade or business disputes between members; (

e) the promotion and encouragement of social inter course among its members; (

l) the carrying on of the bW'liness of printing and of publishing newspapers and manufacturing, buying, selling

2 and o.therwise pro.viding its menlbers with machinery, appar atus, material, supplies, informatiDn and assistance in the business o.f printing and publishing; (

g) generally to. do. and carry Dutall such acts o.r things as in who.le 0.1' any part are Dr may be prDper, necessary, incidental Dr cDnductive to. the prDmotiDn, protection, ~xpan siDn, wDrking and effecting Df eCDnDmies in the carrYIng Dn Df the trade and business of the said members and to' the attainment of the Dbjects Qf the cDmpany. 5. The cDmpany may make by-laws fDr,- (

a) the administratiDn, management and cDntrDl Df the prDperty, business and Dther affairs Df the cDmpany; (

b) the ,cDnditiDns of membership Df the CQmpany; (0) the electiDns, appointments, functiDns and remunera tiDn Df all directDrs, Qfficers, agents and servants Qf the cDmpany; (

d) the apPDintment Df cDmmittees; (

e) the fDrmulatDin of rules of prDcedure at all meetings Df the cDmpany; (

f) generally fDr the carrying DUt of the Qbjects and purpDses Df the cDmpany. 6.

The company shall have pDwer to draw, make, accept and endDrse all cheques, bills Df exchange and prDmissDry, nDtes necessary fDr its purpQse, under the hands Df its Dfficers thereto. authQrized by by-law, and in no. case shall it he necessary that the seal of the cDmpany be affixed to any such chequ.es, bills Qr nDtes, nQr shall such Dfficers be personally respDnsible therefor; prDvided, hDwever, that nDthing herein cDntained shall be cDnstrued as authDrizing the cDmpany to. issue notes Qr bins Df exchange, payable to. bearer Dr intended to. be circulated as mDney Dr as nDtes Dr as bills Df a bank. 7.

FDr the benefit and in furtherance Df the o.bjects Df the cDmpany. it may purchase, acquire, take, have, hQld, exchange, receive, pDssess, inherit, retain and enjDY prDperty, real Dr persDnal, cQrpQreal Dr inCDrpQreal whatsoever and fDr any Dr every e&tate Qr interest the'rein whatso.ever given, granted, devised Dr bequeathed to'· it Qr appropriated,pur chased Dr acquired by it in any manner Dr way whatsDever, and may also. sell, CQnvey, exchange, alienate, mDrtgage, lease, demise Dr Qtherwise dispDse Df any such real Dr persQnal pro.perty. 8.

The co.mpany may acquire the assets of the unincDr po.rated co.mpany and in case Qf such acquisitiDn shall assume all the liabilities Df such cDmpany. 9 The dire0tors Df the cDmpany may frDm time to. time fo.r the purpDses Df the CQmpany,- (

a) BDrrow mo.ney upDn the credit Df the company; (

b) Limit Dr increase the amDunt to' be bQrrowed ;

3 (

c) Make, draw, accept, endorse or be'come party to promissory notes and bills of exchange, and it shall not be necessary to have the seal of the company affixed to any such note 'Or bill; . , (

d) Issue bonds, dehentures or other se-curities of the company; (

e) Pledge or sell such bonds, debentures or other secur ities f'Or such sums and at such prices as may be deemed expedient; (

I) Mortgage, hypothecate, charge or pledge all or any of the real and personal property, undertaking and rights of the company to secure any such bonds, debentures or other securities or any money borrowed or any other liability of the company. 10 The- company may also invest and reinvest any of its funds and money,- (

a) in any bonds or debentures of any municipality or public s,chooOl corporation or district in Alberta, in bonds, stock and debentures Dr other securities of Canada 'Or of any Province thereof or in any security the payment 'Of which is guaranteed by Canada or any Province thereof; 'Or (

b) in first mortgages or fre€hold property in Canada and for the purposes of the same may take mortgages or assignments thereof whether such mortgages or assign ments be made directly to the company in its 'Own corporate name or to soOme company or person in trust for it and may sell and assign the same; or (

c) in any legal investment authorized for trust funds in the Province. 11 The business affairs and property of the company shall be administered by the boOard of dire~ctors, composed of not less than eight members, and all such additional or other officers as are or may be designated by by-law. 12. The directors of the 'company shall have power to make by-laws, rules or regulati'Ons, not contrary to law 'Or to the provisions of this Act, with power to amend, repeal and re-enact the same for all purpoOses relating to the general management of the affairs, business and property of the c'Ompany.

Every by-law and every repeal, amendment or re-enactment thereof, unless in the meantime confirmed at a general meeting of the said company, and in default of confirmation thereat, shall from that time cease to have force; provided that nothing herein contained shall in any way detract fr'Om the rights, powers and privileges of the members in general meeting to make such by-laws regarding any of the affairs of the company as the members see fit. 13 Until altered or repealed in accordance with the provisions of this Act, the existing constitutions, by-laws of the unincorporated company in so far as they are not con trary to law or the provisions of this Act, shall continue to be the constitution and by-laws of this company.

4 14. The present direotors and officers of the uninc,or porated company shall be the directors or officers of the company until replaced by others under the provisions of this Act. 15. The company shall carryon business without profit to its members. 16. The company shall make such returns as may at any time be required by the Provincial Secretary. 17. This Act shall come into force on the day upon which it is ass,ented to.

THIRD SESSION TENTH LEGISLATURE 10 GEORGE VI 1946 BILL

An Act to Incorporate "The Alberta Division, Canadian Weekly News papers Association". Received and read the First time ........................................ . Second time .................................. . Third time ....................................... . MR. CASEY. EDMONTON: A. Shnitka, King's Printer. 19.6 Title: 1946 (10th, 3rd) Bill 5,

An Act to Incorporate "The Alberta Division, Canadian Weekly Newspapers Association"

Document details

Collection	Alberta — Bills
Citation	L10 S3 7438
Type	bill
Volume / chapter	L10 S3 7438
Language	en
Format	json
Source	PROVINCIAL
Identifier	d429d74934b6cd2727ae751581a0e86ece1ca834

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