BILL NO. 49

(as introduced)

2nd Session, 61st General Assembly
Nova Scotia
59 Elizabeth II, 2010

Private Bill

Royal Cape Breton Yacht Club,
An Act to incorporate
(amended)

The Honourable Manning MacDonald, C.D.
Cape Breton South

First Reading: April 27, 2010

(Explanatory Note)

Second Reading: April 29, 2010

Third Reading: May 7, 2010 (LINK TO BILL AS PASSED)

This Bill

(a) removes the restriction on where the Royal Cape Breton Yacht Club may own property;

(b) removes the restriction on the amount of the mortgages that the Club may place on its property;

(c) removes the restriction on the amount of bonds and debentures the Club may issue; and

(d) limits the liability of the Club's members.

1 (1) Subsection 2(1) of Chapter 283 of the Acts of 1903, An Act to incorporate the Royal Cape Breton Yacht Club, as enacted by Chapter 125 of the Acts of 1958, is amended by striking out "in the City of Sydney or" in the second and third lines.

(2) Subsection 2(2) of Chapter 283, as enacted by Chapter 125 of the Acts of 1958, is amended by striking out "to the extent of fifty thousand dollars".

2 Section 7 of Chapter 283 is repealed.

3 Chapter 283 is further amended by adding immediately after Section 10 the following Section:

10A No member of the club is liable for any debts or liabilities of the club beyond the amount, if any, unpaid of any fees, dues, subscriptions or other amounts due and owing by the member to the club.