Notice of incorporation.

Provisional directors.

Board of directors.

hold office until their successors are appointed or elected. 50-51 V., c. 21, s. 2.

5. Notice of the incorporation of such society shall also be given by publication in the Canada Gazette for four weeks and in such notice shall be given,

(a) the exact name adopted by such society;

(b) the designation of the chief place of business of the society; and,

(c) the name of the secretary thereof upon whom legal process may be served.

2. Notice of any change in such place or in the person of the secretary shall also be given in a similar way. 50-51 V., c. 21, s. 3.

6. The provisional directors shall have power to call the first meeting of the society, and at such meeting directors may be elected and by-laws may be passed under the provisions of this Act; and upon the passage of such by-laws, a copy thereof and subsequent copies of other by-laws in amendment thereof, in addition thereto or diminution thereof shall also be filed with the Secretary of State within two weeks from the passage thereof. 50-51 V., c. 21, s. 4.

7. The affairs of the society shall be administered by a board of directors who shall be appointed or elected in such How elected. manner, in such number, with such qualifications, and for such period as are determined by the by-laws; but at the first meeting of the society to be held under this Act five directors shal! be elected, subject to addition to such number if so sanctioned by the by-laws, and other officers may be appointed in such manner, with such remuneration, and under such provisions touching their powers and duties as are established by the by-laws.

Right to vote.

Power to

2. Each contributory to the funds of the society, including the parent corporation, shall have such right to vote at general meetings of the society, on such occasions, subject to such restrictions and on such conditions as are determined by the by-laws. 50-51 V., c. 21, s. 5.

8. After its incorporation under this Act every pension form a fund. fund society shall have the power by means of voluntary contribution or otherwise as its by-laws provide, to form a fund, and may invest, hold and administer the same and from and out of the said fund may,

(a) provide for the support and payment of pensions to officers and employees of the parent corporation incapacitated by age or infirmity; and,

(b) upon the death of such officers or employees, pay annuities or gratuities to their widows and minor children

or other surviving relatives in such manner as by the by-laws may be specified. 50-51 V., c. 21, s. 6.

9. Every such incorporated society shall have all corporate By-laws. powers necessary for the purposes of this Act and may make by-laws not contrary to law defining and regulating in the premises, and prescribing the mode of enforcement of all the rights, powers and duties of,

(a) the society;

(b) the individual members thereof;

(c) the officers and employees of the parent corporation;
(d) the widows and orphans or other surviving relatives of
such officers and employees;

(e) the parent corporation.

2. Every such incorporated society may also make by-laws Idem. as aforesaid for,

(a) the formation and maintenance of the said pension
fund;

(b) the management and distribution thereof generally;
(c) enforcing any penalty or forfeiture in the premises;
and,

(d) the government and ordering of all business and affairs
of the society.

3. No such by-law shall have any force or effect unless the Sanction. same has been sanctioned by the board of directors of the parent corporation. 50-51 V., c. 21, s. 6.

10. All the powers, authority, rights, penalties and for- Powers. feitures whatsoever in the premises, whether of the society or of the individual members thereof, or of the officers and employees thereof or of such widows and orphans and relatives, or of the parent corporation shall be such and such only and may be enforced in such mode and in such mode only, as by such by-laws shall be defined and limited. 50-51 V., c. 21, s. 6.

11. All the revenues of the society, from whatever source Use of derived, shall be devoted exclusively to the maintenance of the revenues. society and the furtherance of the objects aforesaid of the said fund and to no other purpose whatever. 50-51 V., c. 21, s. 7.

12. The parent corporation may, and is hereby authorized Contribution to contribute annually or otherwise to the funds of the said by parent corporation. society, by a vote of either its directors or its shareholders. 50-51 V., c. 21, s. 8.

interest of

13. The interest of any member in the funds of the society No assignshall not be transferable or assignable in any manner what- ment of soever by way of pledge, hypothecation, sale or security. members. 50-51 V., c. 21, s. 9.

2199

14.

Returns.

14. Every society formed under this Act shall at all times when thereunto required by the Governor in Council or by either House of Parliament make a full return of their property and of their receipts and expenditure for such period and with such details and other information as the Governor in Council or either House of Parliament requires. 50-51 V., c. 21, s. 10.

SCHEDULE.

Declaration of Incorporation.

We the undersigned (describe the officials establishing the society) do hereby declare that we have associated ourselves together for the purpose of establishing a pension fund society in connection with the administration of the the provisions of the Pension Fund Societies Act;

under

That the proposed corporate name of the society shall be the Pension Fund Society of the

That the chief place of business of the said society is to be

within the

of

And we make this declaration for the purpose of establishing the said society under the said Act.

In witness whereof we have executed these presents in duplicate at in the presence of

day of

19

this

Signed in thel

presence of

(Signatures.)

50-51 V., c. 21, sch.

OTTAWA: Printed by SAMUEL EDWARD DAWSON, Law Printer to the King's most Excellent Majesty.

2200

CHAPTER 124.

An Act respecting the incorporation of Boards

of Trade.

SHORT TITLE.

1. This Act may be cited as the Boards of Trade Act.

INTERPRETATION.

Short title.

Definitions.

2. In this Act, unless the context otherwise requires,(a) district' means and includes any judicial district, or District.' temporary judicial district, which is set apart or constituted as such by any Act of the Parliament of Canada, or by any act of the legislature of any province of Canada, or by any proclamation issued under or by virtue of the provisions of any such act, and also any city, county, town or village, to any of which may be added one or more townships selected for that purpose, within and for which a board of trade is established under this Act; and, with regard to the provinces of Saskatchewan and Alberta, means and includes also any electoral district, as constituted for elections to the legislative assembly for either of the said provinces, within and for which a board of trade is established; and, in the province of British Columbia and in the Yukon Territory, means and includes also a mining division, or any tract of country described as extending to certain specified distances and in certain specified directions from any stated point; (b) board of trade' includes chamber of commerce, and, Board of for the purposes of the appointment of weighers of grain trade." under the provisions of this Act, means any board of trade or chamber of commerce incorporated under the provisions of any Act of the Parliament of Canada, or of the Legislature of the late province of Canada, or of the legislature of any province now forming part of Canada. R.S., c. 130, s. 1; 50-51 V., c. 37, s. 1; 58-59 V., c. 17, ss. 1 and 2; 2 E. VII., c. 3, s. 1.

INCORPORATION.

3. Any number of persons, not less than thirty, who are Formation merchants, traders, brokers, mechanics, manufacturers, man- of boards of

2201

trade.

agers

Certificate of formation.

Certificate to be sent to

State.

agers of banks or insurance agents, and residents of any district which has a population of not less than two thousand five hundred or in the province of British Columbia, or in the Yukon Territory, not less than one thousand five hundred, may associate themselves together as a board of trade, and appoint a secretary. R.S., c. 130, s. 2; 2 E. VII., c. 3, s. 2.

4. The persons so associating themselves together as a board of trade shall, under their hands and seals, make a certificate specifying the name assumed by the association, and by which it shall be known, also the name as hereinbefore defined, of the district in which the same is situate and its business is transacted, and the name of the person by them appointed secretary to the said board of trade. R.S., c. 130, s. 3.

5. Such certificate shall be acknowledged before a notary Secretary of public, commissioner for taking affidavits, or justice of the peace, by the secretary of the said board of trade, and shall be forwarded to the Secretary of State, who shall cause the same to be recorded in a register to be kept for that purpose; and a copy thereof, duly certified by the Secretary of State, shall be evidence of the existence of such association. R.S., c. 130, s. 4.

Persons incorporated to have certain powers.

Officers.

By-laws.

Usual place of meeting.

Officers of board of trade.

6. The persons named as corporators in the said certificate, and such other persons as afterwards join them, are hereby authorized to carry into effect the objects for which such association was constituted, and to exercise the powers and privileges conferred by this Act; and they and their associates, successors and assigns, by the name and style specified in the said certificate, shall be a body corporate and politic, with power to acquire, sell and convey any real estate, necessary for the objects of such association. R.S., c. 130, s. 5.

7. When the foregoing provisions have been complied with, it shall be competent for a majority of the persons named as corporators in the said certificate, to hold a meeting for the election of a president, vice-president and members of the said council and, without notice, to make and enact such by-laws, rules and regulations as are hereinafter mentioned. R.S., c. 130, s. 7.

8. The usual place of meeting of the said corporation shall be held to be the legal domicile thereof, at which service of any notice or process may be made. R.S., c. 130, s. 6.

OFFICERS.

9. The officers of every board of trade shall be a president, vice-president and secretary, who, together with not less than eight other members, shall constitute a council, which shall be 2202 called