Search the WebsiteBookmark This PageIncrease Font SizeDecrease Font SizeRevert to Default Font Size

Graduate Students' Association


BY-LAW NO. 2

 

 

A By-law Respecting the Borrowing of Money,

the Issuing of Securities, and the Securing

of Liabilities of

       LAKEHEAD UNIVERSITY GRADUATE STUDENT ASSOCIATION

 

 

          BE IT ENACTED AS a By-law of LAKEHEAD UNIVERSITY GRADUATE STUDENT ASSOCIATION (hereinafter referred to as the “Corporation”) as follows:

 

The directors of the Corporation may from time to time:

 

(a)       Borrow money on the credit of the Corporation;

 

(b)       Issue, sell, or pledge securities (including bonds, debentures, debenture stock, or other like liabilities) of the Corporation, but no invitation shall be extended to the public to subscribe for any such securities;

 

(c)       Charge, mortgage, hypothecate, or pledge all or any of the real or personal property of the Corporation, including book debts and unpaid calls, rights, powers, franchises, and undertakings to secure any such securities or any money borrowed, other debt, or any other obligation or liability of the Corporation; and

 

(d)       Give indemnities to any director or other person who has undertaken or is about to undertake any liability on behalf of the Corporation or any body corporate controlled by it, and secure any such director or other person against loss by giving him or her by way of security a mortgage or charge upon the whole or any part of the real and personal property, undertakings, and rights of the Corporation.

 

          ENACTED as of the 14th day of February, 2011.

 

 

 

(c.s)

                ______________________

                President

 

                ______________________

                Secretary

 

The foregoing By-law is hereby passed by the directors of the Corporation pursuant to subsection 129(1) of the Corporations Act as evidenced by the respective signatures hereto of all the directors.

 

 

DATED as of the 14th day of February, 2011.

 

    

                                                            

                                __________________________________________                                     

                                BRENDA MAGAJNA

 

 

                                 _________________________________________      

                                 MUHAMMAD ALI

 

                               __________________________________________

                                  WILLIAM DEW

 

 

 

The foregoing By-law is hereby confirmed by the members of the Corporation pursuant to subsection 129(2) of the Corporations Act as evidenced by the respective signatures hereto of all the members.

 

DATED as of the 14th day of February, 2011.

 

                                   __________________________________________

                                   BRENDA MAGAJNA

 

 

                                 ___________________________________________

                                  MUHAMMAD ALI

 


 

                                ____________________________________________

                                  WILLIAM DEW

 

Return