Definitions
230. (1) In this section and in sections 231 and 232, “Association” means the Canadian National Exhibition Association; (“Association”) “Board” means the Board of Governors continued under subsection (2); (“Conseil”) “Exhibition Place” means those lands vested in the Metropolitan Corporation under subsection 229 (1), including any buildings or structures erected thereon. (“Parc des expositions”) Board continued (2) The corporation without share capital known as The Board of Governors of Exhibition Place is continued under the name The Board of Governors of Exhibition Place in English and Conseil d’administration du Parc des expositions in French, having as its purpose and objects the operation, management and maintenance of Exhibition Place. Corporations Act not to apply (3) The Corporations Act does not apply to the Board. R.S.O. 1990, c. M.62, s. 230 (1-3). Composition of Board (4) The Board shall consist of fourteen members composed of, (a) eleven members appointed by the Metropolitan Council composed of, (i) three members of the Metropolitan Council, (ii) three members nominated by the Association, and (iii) five members who may or may not be members of the Metropolitan Council; (b) the chair of the Metropolitan Council; (c) the mayor of the City of Toronto; and (d) the president of the Association. R.S.O. 1990, c. M.62, s. 230 (4); 1991, c. 15, s. 19. Term of office (5) The members of the Board appointed by the Metropolitan Council under clause (4) (a) shall hold office for a term not exceeding the term of the Council that appointed them and until their successors are appointed, and all such members are eligible for reappointment. Chair, vice-chair, quorum (6) The Board shall elect a chair from among its members and may elect a vice-chair, and a majority of the members of the Board constitutes a quorum for the transaction of business at meetings of the Board. Powers of Board (7) The Board shall have, (a) a head office in the Metropolitan Area; (b) a corporate seal upon which its corporate name in either or both languages shall appear; (c) capacity to sue and be sued in its own name; (d) capacity to enter into contracts, including contracts of employment, in its own name; and (e) all powers incidental or conducive to the attainment of the purpose and objects of the Board set out in subsection (2). By-laws (8) The Board may enact by-laws regulating its proceedings and providing for the conduct and management of its affairs. General policies (9) The Metropolitan Council may by by-law establish general policies to be followed in the operation, management and maintenance of Exhibition Place. Local board (10) The Board is a local board of the Metropolitan Corporation. Deemed organization (11) The Board for purposes of receiving grants shall be deemed to be an organization under the Agricultural and Horticultural Organizations Act and the provisions of that Act respecting grants apply to the Board. Surplus or deficit (12) The Metropolitan Corporation shall be entitled to receive any surplus resulting from the operations of the Board and shall be responsible for any deficit incurred by the Board. Borrowing powers (13) The Board may, with the prior approval of the Metropolitan Council, borrow money for the purpose of acquiring working capital, but nothing in this subsection authorizes the Board to issue debentures. Budget (14) The Board shall submit to the Metropolitan Council its budget for the current year at the time and in the form prescribed by the Metropolitan Council, and the budget shall be subject to approval, with or without modification, by the Metropolitan Council. Spending in accordance with budget (15) After the approval of the Board’s annual budget by the Metropolitan Council any and all spending by the Board shall be in accordance with the approved budget in such level of detail as the Metropolitan Council determines. Agreements (16) The Board may enter into agreements with the Association for the use of any of the Board’s employees or equipment by the Association for purposes of carrying out an agreement entered into by the Association with the Metropolitan Corporation under subsection 229 (11) or (12). Where no indirect pecuniary interest (17) A member of the Board does not have an indirect pecuniary interest, for the purposes of the Municipal Conflict of Interest Act, in respect of a contract, proposed contract or other matter between the Board and the Association by reason only of the member being also a member or officer of the Association. R.S.O. 1990, c. M.62, s. 230 (5-17).