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CDCC By-Laws

Section Table of Contents Page No.
Article One – Interpretation
1.01 Definitions 1
1.02 Interpretation 1
1.03 Time 2
Article Two – Business of the Corporation
2.01 Registered Office 3
2.02 Corporate Seal 3
2.03 Financial Year 3
2.04 Execution of Instruments 3
2.05 Banking Arrangements 3
2.06 Voting rights in other bodies corporate 3
Article Three – Directors
3.01 Quorum 4
3.02 Qualification 4
3.03 Election and Term 4
3.04 Removal of directors 4
3.05 Vacation of office 4
3.06 Vacancies 4
3.07 Canadian majority 4
3.08 Meetings by telephone 4
3.09 Calling of meetings 5
3.10 First meeting of New Board 5
3.11 Votes to govern 5
3.12 Conflict of interest 5
3.13 Remuneration 5
3.14 Executive Committee 5
3.15 Audit Committee 6
3.16 Committees 6
3.17 Rules 6
3.18 By-laws 6
Article Four – Officers
4.01 Appointment of Chairperson, and Vice-Chairperson and other Officers 7
4.02 Chairperson of the Board 7
4.03 Vice-Chairperson of the Board 7
4.04 President 7
4.05 Duties of the President 7
4.06 Secretary 8
4.07 Treasurer 8
4.08 Appointment of Other Officers 8
4.09 Fidelity bonds 8
Article Five – Protection of Directors, Officers, Employees and Committee Members
5.01 Limitation of liability 9
5.02 Indemnity 9
5.03 Insurance 9
Article Six – Shares
6.01 Allotment 10
6.02 Transfer of Shares 10
6.03 Transfer agents and registrars 10
6.04 Share certificates 10
6.05 Replacement of share certificates 10
Article Seven – Meetings of Shareholders
7.01 Annual meeting 11
7.02 Special meetings 11
7.03 Place of meeting 11
7.04 Notice of meeting 11
7.05 Meetings without notice 11
7.06 Record date for notice 11
7.07 Chairperson, Secretary and Scrutineers 12
7.08 Persons entitled to be present 12
7.09 Quorum 12
7.10 Right to vote 12
7.11 Personal representative 12
7.12 Proxies 12
7.13 Deposit of proxies 12
7.14 Votes to govern 13
7.15 Show of hands 13
7.16 Polls 13
7.17 Adjournment 13
7.18 Resolution in writing 13
Article Eight – Notices
8.01 Method of giving notices 14
8.02 Notice to joint shareholders 14
8.03 Computation of time 14
8.04 Omissions and errors 14
8.05 Persons entitled by death or operation of law 14
8.06 Waiver of notice 14