Bill 81 (Legislature 11, Session 4)

L11 S4 6992

Alberta — Bills

BILL No. 81 .of 1951.

An Act to Inc.orp.orate The Millarville Racing and Sp.orts Ass.ociation. (Assented to , 1951.)

WHEREAS a petition has been presented for the in corp'Oration of an ass.ociation as therein mentioned, and it is ex,pedient to gr.ant 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, enacts as followS': 1. This Act may be cited as The MillCfff'ville Racing and Sports Association Act. 2. John Russell Kieran, Hugh Macklin, Winston C.

Parker and Walter Graham Birney, all of Midnapore in the Prov ince of Alberta ; George Rennick, of the City of Calgary in the Province of Alberta, and Clem Gardner of Pirmez Creek in the iS'aid Province .of Alberta, together with such persons as may hereafter become members of the- Association, are hereby c'Onstituted a body corporate under the name and style of "The MillarviHe Racing and Sports Association", hereinafter known and described as "the Association". 3. The Association may,- (

a) encourage and promote in the District of Millarville in the Province .of Albe-rta, aU lawful games, sp.orts and passtimes, and hold exhibitions, contests and exercises of all kinds including horse and foot races and .other lawful games which require bodily activity or address, and f.or all the said purposes may offer and grant or contribute toward the provision of prizes, a wards and distinctions; (

b) prom.ote and improve' the breeding of thoroughbred and 'Other racing horses in the Pr'Ovince of Alberta; (

c) provide all necessary equipment for the carrying out .of the objects of the Association; (

d) operate a pari-mutual betting system during any horse race meeting conducted by the Association; (

e) raise money by subscripti.on or otherwise for the objects of the Ass'ociation; (

I) buy, sell and deal in all kinds of pr'Ovis~ons and n'On alcoholic liquidlS' required by persons frequenting the Associa Hon' s grounds;

2 (

g) subscribe to, become a member of and co-operate with other organizations either incorporated or not, whose objects are altogether or in part similar to those of this Association; (

h) promote the physical and soci~J welfare !If it~ mem bers in such manner as the DIrectors thInk fIt; (

i) pur,chase, take .or lease, or otherwise acquire any lands, buildings, eag,ements or property, real and personal, which may be requisite f.or t~e purpose. of or capable of being conveniently used In connectIOn with any objects of the Association; (

j) sell, manage, lease, mortgage, dispose of, or other wise deal with the property of the Association; (

k) acquire the property .of and carryon the business or undertaking of Millarville Racing and Sports Association a body corporate inc.orporated under The Societies Act,

chapter 245 (R.S.A. 1942). 4. The Association shall not have a capital divided into shares or declare any dividend or distribute its property among the members thereof during the existence .of the Association, and the interest of a member in the Association shall not be transferrable. 5.

(1) The provisions of

section 5 of The CompanieBt Act, being

chapter 240 (R.S.A. 1942), and amendments thereto, shall not apply to the Ass,ociation.

(2) The provisions of sections 2, 13, 14, 16, 21, 25 to 31 inclusive, 35 and 37 of The Societies Act, being chapte'r 245 (R.S.A. 1942) shall apply to the Association to the same extent as though, and to the intent 'and purpose that, the Association were a s'ociety incorporated under the said Act. 6. No member of the Association shall in his individual capaeity be liable for any debt or liability of the Association. 7.

The Association may borrow, raise or secure the pay ment of money from time to time on such terms' and condi tions as the Directors may deem expedient and in particular by the issue of debenture or by the transfer of hypothecation to lender.or to trustees for their benefit of the whole or any part of the immovable property of the Association but this power shall be exercised only under the authority of the by-laws of the Association. 8.

The Association may apply any part of its receipts or revenues by way of prizes to contestants or competitors a t any meeting or exercise held by the Association or by way of premiums to the breeders or owners or exhibitors of animals exhibiting or contesting thereat.

3 9. The Association may preserve .order upon and in the vicinity of its grounds and for that purpose may employ special constables. 10. Subject to the by-laws of the Association, for the purpose .of carrying out any .or an of its objects~ the Associa tion may draw, make, accept, endorse, discount, . execute and issue promisory notes, bills of exchange and .other negotiable instruments. 11.

(1) The pers.ons named herein s'hall be the first mem bers and the provisi.onal directors .of the Ass'ociation and may provide for the constitution 'Of the Associati.on and the admission of members thereto in the form of by-laws which shall become effective up.on the filing of the same with the Registrar of JDint Stock Companies.

(2) Any such by-laws, not being inconsistent with the Law Dr thi1s' Act, shall be binding upon the Association and upon its members. 12. This Act shall come into force on the day upon which it is assented tD.

No. 81 FOURTH SESSION ELEVENTH LEGISLATURE 15 GEORGE VI 1951 BILL

An Act to. Incorporate The Millarville Racing and Spo.rts Association. Received and read the First time ............ . Second time ..... Third time ........ . MR. H. B. MACDONALD. Title: 1951 (11th, 4th) Bill 81,

An Act to Incorporate The Millarville Racing and Sports Association

Document details

Collection	Alberta — Bills
Citation	L11 S4 6992
Type	bill
Volume / chapter	L11 S4 6992
Language	en
Format	json
Source	PROVINCIAL
Identifier	f7cb7983dbad8467bae712867f29ad979619423f

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