Order in Council 1588/2017

On the recommendation of the undersigned, the Lieutenant Governor of Ontario, by and with the advice and concurrence of the Executive Council of Ontario, orders that:

Whereas under section 4 of the Corporations Act, three persons may apply for letters patent to incorporate a corporation and, under section 121 of that Act, the persons who apply for letters patent become members of the corporation;

And whereas under section 124(2) of the Corporations Act, members may be admitted to a corporation by virtue of their office;

And whereas under section 127 of the Corporations Act, persons may be directors of a corporation by virtue of their office;

Pursuant to the prerogative of Her Majesty the Queen in right of Ontario to appoint persons to serve Her Majesty’s Government of Ontario in the discharge of its executive obligations and responsibilities,

1. Lori Holloway, of the Town of Caledon, is:
   1. authorized to apply for the incorporation of a corporation without share capital with the name and for the objects set out in the attached Schedule (the “Corporation”);
       
      and
       
   2. nominated by virtue of her office as a member and director of the corporation by virtue of her qualification for a term of up to 12 months at the pleasure of the Lieutenant Governor in Council from the date of the incorporation of the Corporation;
2. The constating documents of the Corporation shall provide that:
   1. all members and directors of the Corporation shall consist only of persons who have a background in health care, public administration, management, accounting, finance, law, human resources, labour relations, communications, or information management and who are nominated by Lieutenant Governor in Council after consideration of the above qualifications, and who shall be members and directors of the Corporation by virtue of them being qualified Lieutenant Governor in Council nominees;
   2. the Lieutenant Governor in Council approve, for election, the chair of the Corporation;
   3. the Corporation shall provide remuneration to the directors as approved by Lieutenant Governor in Council;
   4. the Corporation is permitted to set its name out in the French language so the Corporation may be legally designated by that name;
   5. the Corporation shall consist of a minimum of 3 members and a maximum of 7 members;
   6. The Corporation may not, except with the approval of the Lieutenant Governor in Council:
      1. acquire, dispose of, lease, mortgage, charge, hypothecate or otherwise transfer or encumber any interest in real property, except for leasing office space that is reasonably necessary for the purposes of the Corporation;
      2. make investments;
      3. pledge, charge or encumber any of its personal property;
      4. receive funds from any person or organization other than the Crown or a Crown agent;
      5. establish a subsidiary;
      6. conduct any fundraising activities or programs, directly or indirectly, for the corporation or for any other person or organization;
      7. make contributions to charitable organizations;
   7. The Corporation may not borrow or lend money, whether secured or unsecured, except with the approval of the Minister of Finance (Ontario);
   8. upon the dissolution of the Corporation and after the payment of all debts and liabilities, its remaining property shall be distributed or disposed of to the Government of Ontario or to such entities that the Government of Ontario may designate in writing.

Schedule - Order in Council 1588/2017