Bylaws Continued.......... (a) Breach of or non-compliance with Corporation rules established by the directors; (b) Breach of or non-compliance with any contractual obligation with the Corporation; or (c) Any other act which is contrary to the interests of the Corporation. 39.
EXECUTION OF INSTRUMENTS
Execution of instruments. Subject to any special resolution of the Corporation, contracts, documents or instruments in writing requiring the signature of the Corporation may be signed by (a) any one of the President or the Vice-President together with any one of the Secretary or the Treasurer; (b) any two directors; or (c) any one of the aforementioned officers together with any one director. and all contracts, documents and instruments in writing so signed shall be binding upon the Corporation without any further authorization or formality. The board of directors shall have power from time to time by resolution to appoint any officer or officers or any person or persons on behalf of the Corporation either to sign contracts, documents and instruments in writing generally or to sign specific contracts, documents or instruments in writing. The seal of the Corporation may when required by affixed to contracts, documents and instruments in writing signed as aforesaid or by any officer or officers, person or persons, appointed as aforesaid by resolution of the board of directors. The term "contracts, documents or instruments in writing" as used in this by-law shall include deeds, mortgages, hypothecs, charges, conveyances, transfers and assignments of property real or personal, immovable or movable, agreements, releases, receipts and discharges for the payment of money or other obligations, conveyances, transfers and assignments of shares, share warrants, stocks, bonds, debentures or other securities and all paper writings. In particular without limiting the generality of the foregoing (d) any one of the President or the Vice-President together with any one of the Secretary or the Treasurer; (e) any two directors; or (f) any one of the aforementioned officers together with any one director; shall have authority to sell, assign, transfer, exchange, convert or convey any and all shares, stocks, bonds, debentures, rights, warrants or other securities owned by or registered in the name of the Corporation and to sign and execute (under seal of the Corporation or otherwise) all assignments, transfers, conveyances, powers of attorney and other instruments that may be necessary for the purpose of selling, assigning, transferring, exchanging,converting or conveying any such shares, stocks, bonds, debentures, rights, warrants or other securities. 40.
FINANCIAL YEAR
Financial year. The financial year of the Corporation shall terminate on the thirty first day of August in each year or on such other date as the directors may from time to time by resolution determine. ENACTED this ___________ day of _______________, 19__. WITNESS the seal of the Corporation. _____________________________ C.S. _____________________________ President, Secretary,