Short title

1   This Act may be cited as the Lower Fraser Valley Exhibition Association Act.

1968-66-1.

Interpretation

2   In this Act, unless the context otherwise requires,

"Association" means the Lower Fraser Valley Exhibition Association;

"Board of Directors" means the Board of Directors of the Association;

"Board of Management" means the Board of Management of the Association.

1968-66-2.

Society continued

3   (1) The Lower Fraser Valley Exhibition Society, heretofore incorporated under the Societies Act, and the members thereof are constituted a body corporate under the name Lower Fraser Valley Exhibition Association.

(2) The Association shall have a common seal and perpetual succession and has power to acquire, by purchase, donation, devise, bequest, or otherwise, real and personal property and may sell, and exchange, mortgage, lease, let, improve, and develop, the property and may erect and maintain buildings thereon.

(3) The provisions of the Societies Act, as amended from time to time, except the sections numbered 15, 18, 24, 37, 38, 39, 42 to 53 (inclusive), and 59 of chapter 362 of the Revised Statutes of British Columbia, 1960, or the sections substituted therefor, apply to the Association, but where there is any conflict or inconsistency between any provision or provisions of this Act and any provision or provisions of the Societies Act, the provision or provisions of this Act shall prevail.

(4) The Association may use the name Cloverdale Rodeo and Exhibition Association and a reference to such name is deemed to be a reference to the Association.

1968-66-3; 1994-47-1.

Suits and contracts

4   The Association may sue and be sued, and may contract and be contracted with, in its corporate name.

1968-66-4.

Financial

5   The Association may, subject to any conditions required by its by-laws,

(a) borrow or raise or secure the payment of money; and

(b) draw, make, accept, endorse, discount, execute, and issue promissory notes, bills of exchange, and other negotiable or transferable instruments.

1968-66-5.

Head office

6   The head office of the Association shall be in the Municipality of Surrey, in the Province.

1968-66-6.

Boards of Management and of Directors

7   (1) The management and administration of the Association's affairs and the general direction of the annual programme of activities shall be the responsibility of the Board of Management.

(2) The persons who, upon the coming into force of this Act, are members of the Board of Management of the Lower Fraser Valley Exhibition Society shall be members of the Board of Management of the Association until their successors are elected or appointed.

(3) The Board of Management shall comprise the officers designated by the by-laws of the Association, and the members thereof shall be elected and appointed and shall hold office in accordance with those by-laws.

(4) The persons who, upon the coming into force of this Act, are directors of the Lower Fraser Valley Exhibition Society shall be directors of the Association until their successors are elected or appointed.

(5) The Board of Directors of the Association shall comprise the number of persons designated by the by-laws of the Association, and the directors shall be elected and appointed and shall hold office in accordance with those by-laws.

(6) The Board of Directors shall assist the Board of Management in carrying out its responsibilities.

1968-66-7.

By-laws continued

8   (1) The by-laws of the Lower Fraser Valley Exhibition Society, so far as not inconsistent with this Act, are the by-laws of the Association.

(2) The by-laws of the Association shall not be altered or added to except by an extraordinary resolution of the Association.

(3) Every extraordinary resolution of the Association altering or adding to the by-laws shall be filed in duplicate with the Registrar of Companies in the City of Victoria, who shall then register one copy and return the other copy, certified as having been registered by him.

(4) Nothing that is in conflict with this Act shall be included in the by-laws, and the by-laws shall not contain anything contrary to law.

1968-66-8.

By-laws

9   (1) The Board of Management may make by-laws for all purposes relating to the affairs, business, property, and objects of the Association, but a by-law made by the Board of Management shall not become effective without the sanction of an extraordinary resolution of the Association pursuant to section 8.

(2) Without limiting the generality of subsection (1), the power of the Board of Management to make by-laws extends to the following matters:—

(a) Admission to membership in the Association:

(b) The rights, privileges, and obligations of members of the Association:

(c) The annual period of membership:

(d) Forfeiture of and withdrawal and expulsion from membership in the Association:

(e) Holding, place, and conduct of annual general meetings, regular general meetings, executive meetings, special general meetings, special meetings, and other meetings of the Association, the notices and consents prerequisite to such meetings, quorums, voting rights at meetings, and all other matters connected with such meetings:

(f) The number and designations of officers of the Association, and the constitution of the Board of Management and the Board of Directors:

(g) The terms of office of officers and all matters relating to their election and appointment:

(h) The filling of vacancies in the Board of Management and Board of Directors:

(i) All matters relating to meetings of the Board of Management and the Board of Directors:

(j) The rights and duties of officers of the Association and of the Board of Management and of the Board of Directors:

(k) The resignation or removal from office of officers of the Association:

(l) The formation and functions, powers, and duties of committees:

(m) The remuneration, if any, of officers and employees of the Association:

(n) The terms and conditions of employment of any employee or employees of the Association and the termination thereof:

(o) The exercise of borrowing powers:

(p) The audit of accounts of the Association:

(q) The custody and use of the seal of the Association:

(r) The establishment, levying, payment, remission, and collection of membership, registration, and any other fees and assessments deemed appropriate by the Board of Management, the amounts thereof, and requirements regarding payment thereof:

(s) The conduct generally of the affairs of the Association; and

(t) Any other matter mentioned in Schedule B of the Societies Act.

1968-66-9.

Objects

10   The objects of the Association shall be

(a) The encouragement of the cultivation of the soil and the general development of all the agricultural resources of the Lower Fraser Valley and the fostering of every branch of mechanical and household arts calculated to increase the happiness of home life;

(b) the provision and maintenance of a hall for lease or hire in which all social and recreational activities of the community may take place; and

(c) the holding and conduct of agricultural fairs and exhibitions, race-meetings with or without pari mutuel or other betting, and other social, sporting, and recreational events.

1968-66-10.

Dissolution

11   Where it appears to the Registrar of Companies that the Association has failed for any period of two years to make or send or file any return, notice, or document required to be made or sent or filed to the Registrar of Companies pursuant to the Societies Act, or where the Registrar of Companies has reasonable cause to believe that the Association is not in operation, the Registrar may report his belief to the Attorney-General, and upon receipt of the report of the Registrar of Companies, the Lieutenant-Governor in Council may revoke and cancel the incorporation of the Association and declare the Association to be dissolved, anything in this Act to the contrary notwithstanding.

1968-66-11.