34ADealings with property, generally

34A Dealings with property, generally

34A Dealings with property, generally

(1) No Conference Committee shall buy or sell real estate without the prior consent of either Conference or the Conference Executive.

(2) No dealing with any property held by the Trust upon trust for any Conference Committee or Conference Auxiliary shall be effected except pursuant to a resolution passed as provided by this section.

(3) A resolution referred to in subsection (2) shall be passed at a duly constituted meeting of the Conference Committee or Conference Auxiliary concerned by a number of votes at least equal to three-fourths of the total number of members of the Conference Committee or Conference Auxiliary.

(4) Notwithstanding anything provided in subsection (2) or (3), a resolution, if passed at a duly constituted meeting of a Conference Committee or Conference Auxiliary by a simple majority of the votes of the members present and voting, shall be deemed to have been passed by three-fourths of the total number of members of that Conference Committee or Conference Auxiliary if there be appended to a copy or copies of that resolution the signatures (signifying their concurrence with the resolution) of not less than three-fourths of that total number of members.

(5) The Trust shall be entitled to accept as correct and to act on a copy of any resolution of a Conference Committee or Conference Auxiliary certified under the hand of the Chairman or Secretary of that Conference Committee or Conference Auxiliary as being a true copy of a resolution duly passed or deemed to have been passed by the necessary number of members in accordance with this section.

pt 5A (ss 34A, 34B): Ins 1982 No 100, Sch 6.