Objects
6 (1) The objects of the Centre are to operate, maintain and manage an international class convention centre facility in the City of Ottawa in a manner that will promote and develop tourism and industry in Ontario.  2008, c. 19, Sched. P, s. 4 (1). Name of facility (1.1) The name of the facility mentioned in subsection (1) shall be, (a)  the Ottawa Convention Centre in English and Centre des congrès d’Ottawa in French; or (b)  whatever other name that the Board specifies and the Minister has approved.  2008, c. 19, Sched. P, s. 4 (1). Powers (2) The Centre, for the objects set out in subsection (1), has power, (0.a)  with the approval of the Minister, to specify a name of the convention centre facility mentioned in subsection (1) for the purpose of clause (1.1) (b); (a)  to make agreements with persons with respect to the establishment or operation by them of any works or services in connection with the construction, operation and maintenance of the Centre; (b)  to operate or grant leases for the operation of retail shops, restaurants, theatres, parking facilities, exhibition facilities, and any other facilities or conveniences incidental to or necessary to the operation of the Centre; (c)  to buy, hold, own, hire, maintain, control, take, lease, sell, assign, exchange, transfer, manage, improve, develop or dispose of any real and personal property and any right or privilege that, in the opinion of the Board, is necessary or convenient for the purposes of the Centre; (c.1)  to accept real or personal property, or any interest in such property, from any person, by grant, gift, devise, bequest or otherwise; (d)  unless an order has been made under subsection 11 (2), to invest temporarily any surplus money not immediately required for the objects of the Centre in, (i)  securities issued by or guaranteed as to principal and interest by the Province of Ontario, any other province of Canada, or Canada, (ii)  guaranteed investment certificates of a trust corporation that is registered under the Loan and Trust Corporations Act, (iii)  deposit receipts, deposit notes, certificates of deposits, acceptances and other similar instruments issued or endorsed by a bank listed in Schedule I or II to the Bank Act (Canada), and (iv)  term deposits accepted by a credit union as defined in the Credit Unions and Caisses Populaires Act, 2020; (e)  with the approval of the Lieutenant Governor in Council, (i)  to borrow money upon the credit of the Centre, (ii)  to issue, sell or pledge securities of the Centre, and (iii)  to charge, mortgage or pledge all or any currently owned or subsequently acquired real or personal property of the Centre, including book debts, rights, powers, franchises and undertakings, to secure any debt obligations or any money borrowed or other debt or liability of the Centre; (f)  to enter into agreements with the City of Ottawa for the use by the Centre of services, equipment and facilities of the City of Ottawa; and (g)  to do anything incidental to the attainment of the objects of the Centre.  R.S.O. 1990, c. O.45, s. 6 (2); 1994, c. 27, s. 105; 2000, c. 5, s. 18 (3); 2002, c. 8, Sched. I, s. 21; 2008, c. 19, Sched. P, s. 4 (2); 2020, c. 36, Sched. 7, s. 332. Section Amendments with date in force (d/m/y) 1994, c. 27, s. 105 - 09/12/1994 2000, c. 5, s. 18 (2, 3)
- 01/01/2001 2002, c. 8, Sched. I, s. 21 - 05/01/2005 2008, c. 19, Sched. P, s. 4 (1, 2) - 27/11/2008 CTS 20 SE 10 - 8; 2020, c. 36, Sched. 7, s. 332 - 01/03/2022