April 1, 1938 (18th Parliament, 3rd Session)

CON

Richard Bedford Bennett (Leader of the Official Opposition)

Conservative (1867-1942)

Mr. BENNETT:

It appears that the hon. member in charge of the bill proposes, by resolution, to make anybody a director. The effect of this would be to make any person on the street or elsewhere, who secured a resolution of directors, a director of the boom company. When I look at the side note, I cannot think that that is what is intended. All that is necessary is to add the words "or a member of a corporation," because as the section stands now, it covers a director or a manager. All that was intended, I believe, is that anybody who is a member of a shareholder company could be elected to the directorate of the company in which a corporation is a shareholder. As the clause reads, it would be competent to pass a resolution of directors to make any of us 'here directors of the boom company. Apparently, from the note, that is not what is intended.

Topic:   THE RESTIGOUCHE LOG DRIVING AND BOOM COMPANY
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