- Power to Accumulate
To accumulate from time to time part of the fund or funds
of the corporation and income therefrom subject to any
statutes or laws from time to time applicable;
- Power to Solicit Donations and Grants
To solicit and receive donations, bequests, legacies and
grants, and to enter into agreements, contracts and
undertakings incidental thereto;
- Power to Receive Personal Property
To acquire by purchase, contract, donation, legacy, gift,
grant, bequest or otherwise, any personal property and to
enter into and carry out any agreements, contracts or
undertakings incidental thereto, and to sell, dispose of
and convey the same, or any part thereof, as may be
considered advisable;
- Power to Hold and Dispose of Real Property
To acquire by purchase, lease, devise, gift or otherwise,
real property, and to hold such real property or interest
therein necessary for the actual use and occupation of the
corporation or for carrying on its charitable undertaking,
and, when no longer so necessary, to sell, dispose of and
convey the same or any part thereof;
- Power to Hire
Either: To employ and pay such assistants, clerks, agents,
representatives and employees, and to procure, equip and
maintain such offices and other facilities and to incur
such reasonable expenses, as may be necessary, provided
that the corporation shall not pay any remuneration to a
Director in any capacity whatsoever;
Or: To employ and pay such assistants, clerks, agents,
representatives and employees, and to procure, equip and
maintain such offices and other facilities and to incur
such reasonable expenses, as may be necessary, provided
that the corporation shall not pay any remuneration to a
Director in any capacity whatsoever; and provided that all
of the foregoing is subject to sections 23 and 61 of the
Trustee Act and any order of the court;
- Power to Cooperate with any Other Charitable Organizations
To cooperate, liaise, and contract with other charitable
organizations, institutions or agencies which carry on
similar objects to that of the corporation;
- Power to Participate in the Reorganization of a Company
To take up proportions of any increased capital of a
company or corporation in which the corporation may at any
time hold shares or obligations; to purchase any additional
shares or obligations in such company or corporation; to
join in any plan for the reconstruction or reorganization
or for the sale of assets of any company or corporation, or
part thereof; to enter into any pooling or other agreement
in connection with the shares or obligations of a company
or corporation held by the corporation; and to give consent
to the creation of any mortgage, lien or indebtedness of
any company or corporation whose shares or obligations are
held by the corporation; provided, however, that all of the
foregoing is subject to the provisions of the Charitable
Gifts Act;
- Power to Sue and Compromise Claims
To demand and compel payment of all sums of money and
claims to any real or personal property in which the
corporation may have an interest and to compromise any such
claims, and generally to sue and be sued in its corporate
name;
- Power to Issue Cheques
To draw, make, accept, endorse, execute and issue cheques
and other negotiable or transferable instruments;
- Power to Pay Costs of Incorporation
To pay all costs and expenses of, or incidental to, the
incorporation.
- Restriction on Powers
Provided that it shall not be lawful for the corporation
directly or indirectly to transact or undertake any
business within the meaning of the Loan and Trust
Corporations Act.