PEEL NON-PROFIT HOUSING CORPORATION

BY-LAW NUMBER 2-85

A by-law amending By-law Number 1-76 relating to the Execution of Documents by the PEEL NON-PROFIT HOUSING CORPORATION.

 

WHEREAS the Peel Non-Profit Housing Corporation, at its meeting on October 15, 1985, adopted a resolution authorizing certain officers of the Corporation to execute all documents on behalf of the Corporation and to affix to all such documents the Corporation's Seal.

NOW THEREFORE BE IT ENACTED as a by-law of the Corporation that:

1. Section 2.04 of By-law Number 1-76 is hereby repealed and the following substituted therefore:

"2.04.1 Execution of Documents - subject to all normal approvals being previously obtained, all deeds, transfers, assignments, contracts, obligations, and notwithstanding the generality of the foregoing, all proposal calls, consultant agreements, site plan agreements, purchase and sale agreements, tripartite agreements, mortgage or charge commitment letters, borrowing, debenture and all other by-laws, Directors' Resolutions, mortgages, charges, mortgage or charge directions for legal fees, chattel mortgages or any documents pursuant to the Personal Property Security Act, subdivision agreement, grants or easement, certificates and other instruments, may be signed on behalf of the Corporation by any two of the holders of the office of President, Vice-President, General Manager, Secretary, Treasurer and Solicitor, and any one of the two signing officers may affix the Corporate Seal to the document at the time it is signed.

2.04.2 Execution of Routine Documents - subject to all normal approval or delegations being previously obtained or made, applications for rezoning or applications to Committees of Adjustment, applications for building permits, initial project applications to the Minister of Municipal Affairs and Housing and subsequent applications on Form 1414 and applications pursuant to the National Housing Act for an insured rental loan on CMHC Form 1675, tender awards for appliances and furnishings, undertakings about noise warnings and license agreements for hydro, gas, cable television and other similar utilities, interior design agreements, applications for garbage collection, applications for designations of fire routes, laundry equipment and elevator service agreements, tenant leases, landscaping and snow removal agreements, painting and building repair agreements, may be signed by the holder of the office of General Manager of by any person on the staff of the Corporation to whom the General Manager has delegated his signing authority in writing, prior to signature of the document, and the General Manager or the delegate may affix the Corporation Seal to the document at the time of signature.

2.04.3 Notwithstanding the previous clauses, the Board may from time to time direct the manner in which, and the person or person by whom, any document or class of documents may or shall be signed."

 

ENACTED AND SEALED this 15th day of October, 1985.

 

President Secretary