jswizzle3737/ontario_laws_and_regs huggingface dataset:
Definitions
1. In this Regulation, “board” means the board of directors of the Corporation; (“conseil”) “Corporation” means The Ontario Municipal Improvement Corporation. (“Société”) R.R.O. 1990, Reg. 891, s. 1. Meetings of the Board
Meetings of the Board
2. Meetings of the board may be called at any time by the chair or, in the chair’s absence, by the vice-chair. R.R.O. 1990, Reg. 891, s. 2.
Meetings of the Board
3. Notice of all meetings of the board shall be delivered to the office of each member of the board at least twenty-four hours before the meeting, but no notice is necessary when all members of the board, either before or after the meeting, sign a waiver of notice. R.R.O. 1990, Reg. 891, s. 3.
Meetings of the Board
4. Any resolution or matter consented to at any time during the Corporation’s existence by all of the directors and evidenced by their signatures is as valid and effective as if passed at a meeting of the board duly called, constituted and held for that purpose. R.R.O. 1990, Reg. 891, s. 4. Records
Records
5. The board shall cause the secretary, or some other official of the Corporation charged with that duty, to keep a book or books in which shall be recorded, (a) a copy of the Ontario Municipal Improvement Corporation Act and any amendments thereto and a copy of the regulations made thereunder; (b) a copy of all orders in council relating to the Corporation; (c) the names of all members of the board and the dates on which each became and ceased to be a member of the board; and (d) the minutes of all meetings and votes of the board, verified by the signature of the chair or vice-chair. R.R.O. 1990, Reg. 891, s. 5.
Records
6. The board shall cause to be kept proper books of account containing full and true statements of, (a) the financial transactions of the Corporation; (b) the assets of the Corporation; (c) the money received and expended by the Corporation and the matters in respect of which the receipt and expenditure took place; and (d) the credits and liabilities of the Corporation. R.R.O. 1990, Reg. 891, s. 6. Fiscal Year
Fiscal Year
7. The fiscal year of the Corporation terminates on the 31st day of March in each year. R.R.O. 1990, Reg. 891, s. 7. Custody of Securities
Custody of Securities
8. Debentures purchased from municipalities or school boards shall be lodged for safekeeping with the Treasurer. R.R.O. 1990, Reg. 891, s. 8. Execution of Documents
Execution of Documents
9. All cheques, notes and orders for the payment of money shall be signed by two directors. R.R.O. 1990, Reg. 891, s. 9.
Execution of Documents
10. Contracts, documents or instruments in writing requiring execution by the Corporation may be signed by two directors, or the board by resolution may appoint any official or person on behalf of the Corporation to sign contracts, documents and instruments in writing. R.R.O. 1990, Reg. 891, s. 10.
Execution of Documents
11. The seal of the Corporation shall be in the form of two concentric circles with the words “The Ontario Municipal Improvement Corporation” inserted in the space between the circles, and when used shall be authenticated as provided by section 10. R.R.O. 1990, Reg. 891, s. 11. Français