Bill 9 (Legislature 3, Session 1)

L3 S1 10521

Alberta — Bills

BILL No. 9 of 1913 (Second Session).

An Act to Incorporate The Jasper Club of Edmonton. (Assented to ' 1913.)

WHEREAS the persons hereinafter named and others in the City of Edmonton and vicinity have associated themselves together for the establishment of a club for social purposes; And

whereas the said persons hereinafter named have prayed to be incorporated by the name of ''The Jasper Club" of the City of Edmonton in the Province of Alberta, and it is expedient to grant their prayer; Therefore His Majesty, by and with the advice and consent of the Legislative Assembly of the Province of Alberta, enacts as follows: 1. Frank Ford, Alfred Driscoll, Alex. Taylor, Oliver Incorporation :Mowat Biggar, James D. Hyndman, Arthur Mowat, (!1Jbhe.Ja.•per R. H. Alexander, H. Milton Martin, William T. Creighton, George R. F. Kirkpatrick, Edw. C. Emery, George W. Swaisland, E. C..

Pardee, James Emberley Wall bridge, Sydney Brown Woods, Joseph H. Gariepy, Charles S. Wallis, Aristide Blais, George Bligh O'Connor, Samuel H. Smith, Camby Foster Newell, F. W.

Rolt and all such other persons as now are, or hereafter shall be~ome meml:lers of tl-. e said association shall be and are hereby decbred to be a body corporate and politic, in deed and in name, by the name of "The Jasper Club," and by that name shall have perpetual succmsion and a common seal and shall have power from time to time and at all timeB hereafter to be able and capable to purchase, acquire, hold, posses.~ and enjoy, and t,o have, take and receive to the:n and their successors, to and for the actual use of the said cor poration, any lands, tenements, hereditaments a:1d real and immoveable property and estate, situate, lying and being within the said City of Edmonton, and the same to sell, alienate, exchange and otherwise dispose of or encumber whensoever the said corporation may deem it proper so to do; and by the same name shall and may be able and capable to sue and be sued, implead and be impleaded, answer and be answered unto in any matter whatsoever: Provided always that no person shall be entitled to enjoy any of the privileges of the club unless such person has acquired and continues to hold the number of shares, if any, fixed by the constitution, by-laws, rules or regu lations as qualification therefor. 2.

The corporation shall have a capital of $150,000 Capital divided into six hundred (600) shares of $250 each.

By-Jaws eonstit.ution, n11c~, et-::-. Borrowinl_l. power-=- T~xceutiou of HIOrtgag<u~. ~ t.c. Liability of shar~holders 2 3.

The persons above named or the shareholders shall have the sole power to frame a constitution and to make by-laws, rules and regulations for the management of the affairs of the corporation, the admission, suspension or expulsion of members, the regulating of the allotment and price of shares of the capital, the making of calls thereon, the payment thereof, the issue and registration of certificates of shares, the forfeiture of shares for non payment, the disposal of forfeited shares and the proceeds thereof, the transfer of shares, the declaration and payment of dividends, the fixing of the qualifications of members who shall hold shares, the manner in which the same shall be held, the formalities requisite to a valid transfer thereof and the persons to whom they may be transferred. 4:.

The constitution, rules, by-laws and regulations of the corporation shall be formulated at a general meeting called for that purpose, and of which at least ten days' notice shall be given by public advertisement or otherwise, and the constitution, rules, by-laws and regulations then adopted shall subject 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 Province of Alberta, and the provisions of this Act, and the shareholders may from time to time alter, repeal and change such constitution, rules and regulations in any manner therein provided. 5.

The said corporation may, from time to time, borrow money for the purposes of the club, not to exceed in the whole 'the sum of two hundred thousand dollars ($200,000) at such rate of intere~Jt· and upon such terms as they may deem proper, and may for such purpose m::tke, execute or issue any mortgages, bonds, debentures or other instru ments, under the senl of the said corporation, which bonds or debentures shall operate, subject to any mortgage given in part payment of the purchase m()ney of real property acquired for a site for the club buildings or of the erecti<J.n of such buildings and appurtenances thereto, as mortgages and charges against the lands and effects of the said corporation without registration; and each holder of any of. the said debentures or bonds issued under the provisions of this

section shall be deemed to be a mortgagee and incumbrancer pro rata with the other holders thereof upon any interest in any real estate held by the said corporation, and also upon any such interest in any policy or policies of insurance against loss or damage by fire effected upon the buildings owned by the corpor ation. 6. Any such mortgage, bond, debenture or other instru ment shall be signed by the president of the said corporation and countersigned by the secretary. 7.

No shareholder of the corporation shall be in any way liable for or chargeable with the payment of any debt or demand due by the corporation beyond the amount unpaid upon his subscription for shares, and tlle annual subscriptions remaining unpaid by him, and for unpaid accounts incurred by him to the· corporation for articles ordered by him in the said club.

8. The said corporation _shall have power to draw, I_nake, ~(;i~'h n~ accept and endorse all bdls of exchange and promissory to ~m. notes necessary for the purposes of the said corporation, ""' ""'""" under the hands of the president and secretary thereof, after authority of the committee of the said corporation so to do; and in no case shall it be necessary that the seal of the corporation be affixed to any such bill or note, nor shall the pr!:lsident or secr~tary' be individually liable or responsible therefor!

Provided tl~at nothihg herein contained shall ,he construed to authorize the corporation to issue notes or bills of exchal1ge payable to Marer, or intended to 'be circulated as money, or a§ notes dr bills of a··bank. 9•, The saiti corpo:r'lltion shall have power to l~t ahy ~~~i'~~fate· portions of the fElal estate held by the said · corporation, upon such terms and.~ for sueh period as may be agre-ed upon. 10. This Act may be cited as "The Jasper Club Act." Short tltle

No.9 FlRST SESSION THIRD LEGISLATURE 4 GEORGE V 1913 (BIOCOND SEBIIION) BILL

An Act to Incorporate The Jasper Club of Edmonton Received and read the First time ................. . Second time ............... . Third time ................ . EDMON1'0N: J. W. JBFFERY, Governn1ent Printer A.D. 1913 Title: 1913 (3rd, 1st) Bill 9,

An Act to Incorporate The Jasper Club of Edmonton

Document details

Collection	Alberta — Bills
Citation	L3 S1 10521
Type	bill
Volume / chapter	L3 S1 10521
Language	en
Format	json
Source	PROVINCIAL
Identifier	eb96fd6df56cdfe600fdb4fdf9f3bee57064c250

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