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| This Act is current to August 26, 2025 |
[Prepared for convenience by the Office of Legislative Counsel. Note: This Act has not been revised as part of the Revised Statutes 1996. References in this Act to other Acts may be references to earlier Revised Statutes or to Acts not consolidated in a general revision of statutes, depending on when the provision of this Act containing the reference was enacted or amended.]
Assented to March 2, 1956
WHEREAS a petition has been presented praying for an Act to incorporate a company with the rights, powers, and privileges hereinafter set forth, and it is expedient to grant the prayer of the said petition:
THEREFORE, HER MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of British Columbia, enacts as follows:—
2 Peter Dawson Gordon, executive; Lyon H. Appleby, surgeon; John Boyd, executive; and Jack Diamond, executive, all of the City of Vancouver, Province of British Columbia, together with such other persons as shall hereafter become shareholders therein, are constituted a body politic and corporate under the name of "Lansdowne Park Limited" (hereinafter called the "Company").
1956-63-2.
4 The liability of the shareholders shall be limited to the amount (if any) unpaid on the shares respectively held by them.
1956-63-4.
6 The capital of the Company shall be two hundred thousand dollars, divided into two thousand shares of one hundred dollars each: Provided always that the Company in general meeting may, subject to the provisions of section 8 of the "Companies Act," increase the capital from time to time.
1956-63-6.
7 Twenty-five thousand dollars of the capital of the Company shall be subscribed and paid up before the Company commences business.
1956-63-7.
8 The Company shall have full power and authority:—
(a) To carry on the business of horse-racing in all its branches:
(b) To buy or otherwise acquire and to sell horses and other live stock, and to develop the breeding, training, and racing of any or all such live stock:
(c) To provide and maintain a track or tracks for the running of horse-races, steeplechases, or races of any other kind:
(d) To provide and maintain premises for the holding of any kind of athletic sports:
(e) To provide and maintain premises for the holding of agricultural, horse, flower, and other shows and exhibitions:
(f) To construct grand and other stands, booths, stables, paddocks, refreshment-rooms, and other erections, buildings, and conveniences which may be deemed to be directly or indirectly connected with the Company's business:
(g) To provide, give, and contribute towards prizes, stakes, cups, and other awards:
(h) To pass rules and regulations affecting the licensing, duties, and responsibilities of owners, trainers, jockeys, apprentices, grooms, and other persons engaged in the training, racing, and handling of horses:
(i) To regulate the levying and collecting of fines and penalties against owners, trainers, jockeys, apprentices, grooms, and others employed within the Company's premises and engaged in racing and matters connected therewith:
(j) To define and regulate the duties, responsibilities of stewards, judges, starters, clerk of scales, paddock and patrol judge, timer, physician, veterinary surgeon, racing secretary, official handicapper, and any and all officials and employees of the Company.
1956-63-8.
9 The Company shall have as ancillary and incidental to the above-mentioned powers the powers set forth in section 22 of the "Companies Act," except in so far as any of such powers may be inconsistent with or repugnant to the provisions of this Act.
1956-63-9.
10 The persons named in section 2 of this Act shall be the first directors of the Company, and thereafter the directors shall be such persons as are from time to time elected at the first meeting of the shareholders of the Company and at the annual meetings of the Company thereafter: Provided that any casual vacancy occurring in the Board of Directors may be filled by the directors, and the directors shall have power at any time and from time to time to appoint a person as an additional director: Provided, however, that the number of directors shall be determined from time to time by the Company's by-laws and shall not be less at any time than three nor more than nine.
1956-63-10.
11 The first directors shall have power to receive subscriptions for shares and to do all such other acts, deeds, and things as are advisable or necessary for or incidental to the purpose of organization of the Company.
1956-63-11.
12 The directors may from time to time pass by-laws not inconsistent with this Act for the management, regulation, and procedure of the Company's business in all respects whatsoever and may alter and amend the same.
1956-63-12.
13 The by-laws of the Company shall bind the Company and its members to the same extent as if each member had consented on behalf of himself, his heirs, executors, administrators, successors, and assigns, under his hand and seal, to observe all the provisions of the by-laws subject only to the provisions of this Act.
1956-63-13.
14 Any director may accept and hold office or place of trust or profit under the Company, and may enter into or be interested in any contract with the Company, and may receive any salary or remuneration for attending to the business of the Company as an officer, employee, agent, solicitor, or otherwise.
1956-63-14.
15 The first general meeting of the Company shall be held not later than one year from the date on which this Act comes into force, and thereafter an annual meeting of the Company shall be held once at least in every calendar year.
1956-63-15.
16 No failure to elect directors or to hold a first or any annual meeting shall operate as a dissolution of the Company, but anything omitted to be done may afterwards be performed at a meeting called in conformity with the by-laws or at a special general meeting.
1956-63-16.
17 The provisions of the "Companies Clauses Act" shall not apply to this Act.
1956-63-17.
18 (1) The following sections of the "Companies Act" shall, mutatis mutandis, apply, except in so far as any of them are varied by or inconsistent with or repugnant to the provisions of this Act, in which case the provisions of this Act shall prevail to the extent of such variation, inconsistency, or repugnancy: Sections 7 to 18 (inclusive), 21, 24, 26, 27, 49, 52 to 64 (inclusive), 73 to 75 (inclusive), 77 to 95 (inclusive), 97 to 99 (inclusive), 102, 103, 106, 108 to 115 (inclusive), 122 to 126 (inclusive), 128, 135 to 147 (inclusive), 149 to 163 (inclusive), 165 to 170 (inclusive), 177, 214 to 240 (inclusive).
(2) The following sections of the "Companies Act" mentioned in section 5 (2) thereof are hereby expressly exempted and shall not apply: Sections 100, 101, 104, 105, 129 to 134 (inclusive), 241 to 266 (inclusive).
1956-63-18.
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