institutions, publications, missionary or other agencies, instrumentalities and methods available for and tending to such ends and aims. 3. The said association, for any of the purposes aforesaid, may acquire by gift, devise, bequest, transfer, purchase or otherwise, any real or personal estate, and may from time to time, or at any time, sell, transfer, alienate, mortgage, lease or exchange any of the said property, or any part thereof, and with the proceeds therefrom may acquire other lands, tenements, hereditaments or other property, real or personal, or invest the same, or any other funds that it may have, in any security authorised by The Trustee Act, being chapter 46 of The Revised Statutes of Saskatchewan 1909, provided however, that the said association shall not acquire or hold as purchasers any land except for the actual use and occupation of the said association or for the purposes of the said association and that lands, tenements or hereditaments acquired by gift, devise or bequest and not required for the actual use and occupation of the association, or for the pur poses of the association, the annual value of which, together with the other lands of the said association, exceeding ten thousand dollars, shall not be held by the said association for a longer period than seven years and within such period the same shall be absolutely disposed of by the association. 4. The said association may, for any of the purposes aforesaid, borrow money on mortgages on the security of any real or personal property held by it, and may draw, make, accept, indorse, execute and issue promissory notes, bills of exchange and other negotiable instruments. 5. The said association shall have power to make and adopt such bylaws as may be deemed necessary for the regulation and governance of the affairs of the association. 6. The members of this association shall be the executive committee of the Saskatchewan Conference of Seventh Day Adventists. The business affairs and funds of the said association shall be under the control and management of a board of trustees which, until the next regular meeting of the Saskatchewan Conference of Seventh Day Adventists, shall be composed of five persons to be elected by the aforesaid persons. The president and treasurer of the Saskatchewan Conference of Seventh Day Adventists shall be members of the said board of trustees. The successors of the members of the said board of trustees shall be chosen at H L such time and place, and in such manner as is or shall be provided in the bylaws of the said association. The majority of the board of trustees shall constitute a quorum for the transaction of business. Whenever a vacancy shall occur in the said board of trustees, it shall be filled in the manner prescribed by the bylaws of the said association. The number of the members of the said board of trustees may be increased or decreased as provided in the bylaws of the said association. 7. The said board of trustees shall elect a president, a secretary and a treasurer who shall hold office for such time as is or may be provided in the bylaws of the said association. All conveyances of real estate or any interest therein, mortgages, leases, powers of attorney or other instruments in writing of a similar character and import relating in any way to the property of the said association, shall be deemed to be duly executed for the purposes of the said instrument if the same has affixed thereto the seal of the said association verified by the signatures of the president and secretary of the said board of trustees, or in the absence of either, the other and the treasurer, or in such other manner as may be authorised by bylaw of the said association. 8. The said association shall at all times, when required by the provincial secretary of the Province of Saskatchewan, make a full return of all property held by it, with such details and other information as the said provincial secretary may require. to. 9. This Act shall come into force on the day it is assented 1915 CHAPTER 46 An Act to incorporate The Catholic Orphanage of Prince Albert. [Assented to June 24, 1915.] WHEREAS La Corporation Episcopale Catholique Romaine de Prince Albert, has for a number of years conducted an institution at the city of Prince Albert, in the Province of Saskatchewan, known as "St. Patrick's Orphanage," having for its object charitable purposes comprising the upbringing, religious training and education of orphan children; And whereas the Right Reverend Albert Pascal of the city of Prince Albert aforesaid, Roman Catholic Bishop of the Diocese of Prince Albert, has presented a petition praying that said institution be incorporated under the name of "The Catholic Orphanage of Prince Albert" and it is expedient to grant the prayer of the said petitioner: Therefore his Majesty by and with the advice and consent of the Legislative Assembly of Saskatchewan enacts as follows: 1. The said institution is hereby constituted a body politic and corporate in deed and in name under the name of "The Catholic Orphanage of Prince Albert" for the purposes and objects aforesaid. 2. The said corporation shall have perpetual succession and a common seal and at all times hereafter may contract and be contracted with, including the borrowing of money on mortgages, and power to draw, make, accept, indorse, discount, execute and issue promissory notes, bills of exchange and other negotiable instruments, sue and be sued, implead and be impleaded in any matter whatsoever in all courts and places whatsoever in the Province of Saskatchewan. 3. The said corporation shall have power from time to time and at all times hereafter to acquire by gift, devise, bequest, transfer, purchase or otherwise acquire for the benefit of the corporation any land or real or personal estate and the same or any part thereof from time to time may be disposed of by sale, transfer, or mortgage, lease, exchange or otherwise and with the proceeds therefrom acquire other lands, tenements, hereditaments and other property (real or personal) or invest the same in any security whatsoever for the use of the corporation: Provided however that the said corporation shall not acquire or hold as purchasers any land except for the actua! use and occupation of the corporation or a branch thereof, or for the purposes of the corporation exceeding in the whole at any one time the annual value of five thousand dollars ($5,000) and that lands, tenements or hereditaments acquired by gift, devise or bequest and not required for the actual use and occupation of the corporation or a branch thereof, or for the purposes of the corporation, the annual value of which together with the other land of the corporation exceeds five thousand dollars ($5,000) shall not be held by the corporation for a longer period than seven (7) years and within such period the same shall be absolutely disposed of by the corporation. 4. The revenues, issues and profits of all property (real or personal) held by the said corporation shall be appropriated and applied for the maintenance and purposes of the institution and the construction and repair of the buildings and the acquisition of the property real and personal requisite for the purposes of the institution. 5. The head office of the said corporation shall be at the city of Prince Albert in the Province of Saskatchewan. 6. The said corporation may from time to time have or establish and maintain any number of branches thereof to promote the objects of the said corporation and for such purposes appoint such subordinate officers with such powers and tenure of office as such corporation may deem advisable. 7. The said corporation shall have the power to appoint one or more attorneys for such purposes as they may think fit. 8. All transfers, deeds of sale, leases, mortgages, and any document or paper writing whatsoever of the said corporation shall be executed with the seal of the corporation attested by the signature of the bishop, provided that on the occurrence of any vacancy of the said bishopric or in case of the absence of the said bishop or of any of his successors or of his being incapacitated by illness or any other cause or unable to attend to the duties of the said diocese, then and in such case the powers conferred upon the bishop may be exercised by such member of the clergy who shall have been officially selected and nominated for the due administration of the affairs of the said diocese under the same conditions which are conferred upon the said bishop by this Act. 9. No member of the said corporation shall be individually liable or accountable for the debts, contracts or securities of the said corporation. 10. The said corporation shall at all times when called upon so to do by the Lieutenant Governor in Council render an account in writing of its property and affairs. |