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<p><font face="Times New Roman, Times, serif">Hello all. I am
trying to get the by-laws up to date. Although there is lots of
cleaning up that needs to be done, I only have time to address 2
issues at the moment. I will be proposing the following 2
amendments at today's meeting:<br>
</font></p>
<p><font face="Times New Roman, Times, serif">1. Board of Directors</font></p>
<p><font face="Times New Roman, Times, serif">current bylaw:</font></p>
<p> </p>
<p style="margin-bottom: 0in">The Directors shall be elected for a
term of two years, except in the case</p>
<p style="margin-bottom: 0in">of the first General Meeting where the
four candidates with the highest</p>
<p style="margin-bottom: 0in">total of votes shall be elected for a
two year term and the remaining three</p>
<p style="margin-bottom: 0in">candidates shall be elected for a one
year term.</p>
<p style="margin-bottom: 0in"><b>proposed:</b></p>
<b> </b>
<p style="margin-bottom: 0in"><b>The Directors shall be elected for
a renewable term of two years. </b>(delete the rest)<br>
</p>
<p style="margin-bottom: 0in">2. Indemnification</p>
<p style="margin-bottom: 0in"><b>Proposal will be to delete this
entire piece as it clearly is not happening and not likely to
happen, given that we would never be able to afford it.</b></p>
<b> </b>
<p style="margin-bottom: 0in"> </p>
<b> </b>
<p style="margin-bottom: 0in">INDEMNIFICATION OF DIRECTORS AND
OFFICERS</p>
<p style="margin-bottom: 0in">Every director or officer of the
corporation or other person who has</p>
<p style="margin-bottom: 0in">undertaken or is about to undertake
any liability on behalf of the</p>
<p style="margin-bottom: 0in">corporation or any company controlled
by it and their heirs, executors and</p>
<p style="margin-bottom: 0in">administrators, and estate and
effects, respectively, shall from time to</p>
<p style="margin-bottom: 0in">time and at all times, be indemnified
and saved harmless out of the funds</p>
<p style="margin-bottom: 0in">of the corporation, from and against:</p>
<p style="margin-bottom: 0in">- all costs, charges and expenses
which such director, officer or other</p>
<p style="margin-bottom: 0in"> person sustains or incurs in or about
any action, suit or proceedings</p>
<p style="margin-bottom: 0in"> which is brought, commenced or
prosecuted against them, or in respect of</p>
<p style="margin-bottom: 0in"> any act, deed, matter of thing
whatsoever, made, done or permitted by</p>
<p style="margin-bottom: 0in"> them, in or about the execution of
the duties of their office or in</p>
<p style="margin-bottom: 0in"> respect of any such liability;</p>
<p style="margin-bottom: 0in">- all other costs, charges and
expenses which they sustain or incur in or</p>
<p style="margin-bottom: 0in"> about or in relation to the affairs
thereof, except such costs, charges</p>
<p style="margin-bottom: 0in"> or expenses as are occasioned by
their own wilful neglect or default.</p>
<br>
Marita<br>
<p style="margin-bottom: 0in"><br>
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