Boards of Trade Act (R.S.C., 1985, c. B-6)

Act current to 2017-12-11 and last amended on 2015-02-26. Previous Versions

Marginal note:Failure of election

 Where an election pursuant to section 12 does not take place at the first quarterly meeting, the corporation is not thereby dissolved, but the election may be held at any general meeting of the corporation, called in the manner provided in section 17, and the members of the council in office shall remain members until the election is held.

  • R.S., c. B-8, s. 13.
Marginal note:Oath of office

 The president and vice-president of the corporation shall, before entering on the duties of their office, take and subscribe before the mayor of the city or town constituting the district, or before any justice of the peace, an oath in the following form:

I swear that I will faithfully and truly perform my duty as of the board of trade, and that I will, in all matters connected with the discharge of that duty, do all things, and only such things, as I truly and conscientiously believe to be adapted to promote the objects for which the board was constituted, according to the true intent and meaning of the same. So help me God.

  • R.S., c. B-8, s. 14.
Marginal note:Vacancies
  •  (1) Where a member of the council of the corporation dies or resigns his office, or is absent for six months continuously from the meetings of the council, the council may, at any meeting thereof, elect a member of the corporation to be a member of the council in the place of the member who has died, resigned or is absent.

  • Marginal note:Majority

    (2) A new member of the council shall be elected by a majority of the members of the council present at any meeting thereof at which there is a quorum present.

  • Marginal note:Term of office

    (3) A member elected pursuant to subsection (2) holds office until the next annual election.

  • R.S., c. B-8, s. 15.

Meetings

Marginal note:Majority to have full power

 At any annual or general meeting of a corporation, whether for the purpose of electing members of the council of the corporation or for any other purpose, a majority of members present at the meeting are competent to do and perform all acts that, either under this Act or under any by-law of the corporation, are or shall be directed to be done at a meeting.

  • R.S., c. B-8, s. 16.
Marginal note:General quarterly meetings
  •  (1) The members of a corporation shall hold general quarterly meetings in each year at any place within the district in respect of which the corporation was incorporated.

  • Marginal note:Notice to be published

    (2) Notice of general quarterly meetings of a corporation, naming the time and place, shall be given by the secretary of the council of the corporation for the time being, at least three days prior to the meetings, through one newspaper or otherwise, as is thought necessary by the council.

  • R.S., c. B-8, s. 17.
Marginal note:Special general meeting

 The council of a corporation, or a majority of its members, may call a general meeting of the corporation for any of the purposes of this Act by

  • (a) a notice inserted in one or more newspapers published within the district in which the corporation is situated, one day prior to the meeting; or

  • (b) a circular letter to each member of the corporation, signed by the secretary of the corporation, and mailed one day prior to the meeting.

  • R.S., c. B-8, s. 18.
Marginal note:Meetings of council
  •  (1) The meetings of the council of a corporation shall be open to all members of the corporation who may attend those meetings, but not take part in any proceedings thereat.

  • Marginal note:Minutes

    (2) Minutes of the proceedings at all meetings, whether of the council or of the corporation, shall be entered, in books to be kept for that purpose, by the secretary of the corporation.

  • Marginal note:Presiding officer to sign

    (3) The minutes of the proceedings of the council or of the corporation shall be signed by the president or vice-president of the corporation or the person who presides at the meeting at which the minutes were taken.

  • Marginal note:Books open for inspection

    (4) The books referred to in subsection (2) shall be open at all reasonable hours to any member of the corporation free of any charge.

  • R.S., c. B-8, s. 19.

Membership

Marginal note:Members of corporation
  •  (1) Every person resident in a district in respect of which a board of trade was incorporated, who is or has been a merchant, broker, trader, mechanic, manufacturer, manager of a bank or insurance agent, is eligible to become a member of the corporation.

  • Marginal note:Proposal of candidate

    (2) At any general meeting of a corporation, any member of the corporation may propose any person referred to in subsection (1) as a candidate for membership in the corporation.

  • Marginal note:Two-thirds majority required

    (3) If a proposal referred to in subsection (2) is carried by a majority of two-thirds of the members of the corporation then present, the person who is proposed for membership is from that time a member of the corporation and has all the rights and is subject to all the obligations of the other members.

  • Marginal note:Persons other than traders

    (4) Any person who is not a merchant, broker, trader, mechanic, manufacturer, manager of a bank or insurance agent is eligible to become a member of a corporation, in the manner described in this section, if that person is recommended by the council of the corporation at any general meeting of the corporation.

  • R.S., c. B-8, s. 20.
Marginal note:Retirement of members

 Any member of a corporation who intends to retire therefrom or to resign his membership may do so, at any time, on giving to the secretary of the corporation ten days notice in writing of his intention, and on discharging any lawful liability that is standing on the books of the corporation against him at the time of the notice.

  • R.S., c. B-8, s. 21.

By-laws

Marginal note:By-laws and regulations

 The majority of the members of a corporation present at any general meeting of the corporation may make by-laws and regulations for the government of the corporation providing for

  • (a) the admission and subscriptions of members;

  • (b) the imposition of penalties;

  • (c) the expulsion or retirement of members;

  • (d) the management of its council, officers and affairs;

  • (e) the guidance of the board of arbitrators referred to in this Act;

  • (f) the fixing of the date and place of the regular meetings of its council;

  • (g) the powers to be exercised by its council; and

  • (h) all other matters concerning the government of the corporation not inconsistent with this Act or any other law of Canada.

  • R.S., c. B-8, s. 22.
Marginal note:To be binding

 By-laws made pursuant to section 22 are binding on all members of the corporation, its officers and employees, and all other persons lawfully under its control.

  • R.S., c. B-8, s. 23.
Marginal note:Notice to be given

 No by-law shall be made by a corporation at any meeting of the corporation, without notice in writing thereof having been given by one member and seconded by another member at a previous meeting, and duly entered in the books of the corporation as a minute of the corporation.

  • R.S., c. B-8, s. 24.

Subscriptions and Dues

Marginal note:Subscriptions and penalties
  •  (1) The following sums, namely,

    • (a) all subscriptions of members due to the corporation, under any by-law,

    • (b) all penalties incurred under any by-law by any person bound thereby, and

    • (c) all other sums of money due to the corporation,

    shall be paid to the secretary thereof, and in default of payment are recoverable in an action brought in the name of the corporation.

  • Marginal note:Procedure

    (2) It shall only be necessary, in any action under subsection (1), to allege that the person is indebted to the corporation in the sum of money, the amount of the subscription in arrears, penalty incurred or other sum due, whereby an action has accrued to the corporation by virtue of this Act.

  • R.S., c. B-8, s. 25.
 
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