PEEL NON-PROFIT HOUSING CORPORATION

BY-LAW NUMBER 2-97

A by-law relating to the Execution of Documents and to amend By-law 1-95 titled "A by-law relating generally to the conduct of the affairs of the Corporation."

 

WHEREAS By-law Number 1-95 was enacted on the 30th day of May, 1995, and relates to the conduct of the affairs of the Corporation;

AND WHEREAS the Board of Directors of Peel Living has by resolution adopted on the 30th September, 1997, authorized a by-law to amend By-law 1-95, titled "A by-law relating generally to the conduct of the affairs of the Corporation" and which by-law is hereafter referred to as the "By-law";

NOW THEREFORE the Board of Directors of Peel Living enacts as follows:

1. By-law Number 1-95 is amended by the insertion of the following paragraph:

"2.04.03A Notwithstanding the previous clauses, the authorized signing officers in section 2.04.01 and 2.04.02 are also authorized to execute all documents as described in 2.04.01 and 2.04.02 which are necessary to carry on the normal business of the Corporation during any occasion where there is no regular meeting of the Board scheduled for a period exceeding 21 days in duration from the previous Board meeting."

 

DULY PASSED AND ENACTED at a meeting of the Board of Directors of the Corporation, duly held on the 30th day of September, 1997.

 

 

President

 

Secretary

 

DULY CONFIRMED by vote of Members of the Corporation, duly held on the 9th day of October, 1997.

 

 

President

 

Secretary