National By-Laws - The Navy League of Canada

THE NAVY LEAGUE OF CANADABY-LAWS4.3 POWERS OF NATIONAL BOARD OF DIRECTORSIn addition to the responsibilities listed in Clause 4.2, the National Board of Directors has powerswith which to regulate and direct the affairs of The League. Without limiting the generality of theforegoing, it has the power to:(a)Examine all of the books and records of each Division and Branch;(b) Approve or not approve the By-Laws, resolutions and budgets of each Division andBranch, and to restrain Divisions and Branches from taking any action considered by theNational Board of Directors to be detrimental to The League or contrary to these By-Laws orthe policies of The League;(c) Withdraw the authorization of a Division or Branch by resolution supported by amajority of the Division Presidents, with:(i) The assets of a withdrawn Division being vested in and transferred to theNational Board of Directors; and,(ii) The assets of a withdrawn Branch being vested in and transferred to theDivision in which the withdrawn Branch is located;(iii) In the event of a Branch or Division which receives funding from governmentgrants, charitable trusts, or other such structured arrangements, The Navy League ofCanada shall return or disburse any remaining monies or property in accordance withthe will of donor; the conditions of the funding arrangement; and applicable laws.(d) Convene, or require a Division to convene, a meeting of a Division for such purposesas the National Board of Directors deems appropriate, including for the purpose of formingcommittees to govern the affairs in that Division;(e) (i) Subject to the redress provided for in Clause 3.3, remove any Officer,Member, or member of any committee of The League, a Division or Branch, orOfficer or Cadet Instructor of any Navy League Cadet Corps, before the expiration ofthe term of office, and appoint a replacement to hold such office for the balance of theterm; and,(ii) Recommend to the Canadian Forces the removal of any Officer or CivilianInstructor of any Royal Canadian Sea Cadet Corps;(f) (i) Borrow money from any chartered bank, trust company, corporation orindividual upon the credit of The League, either by way of overdraft, discount, loan orotherwise, and upon such terms as it deems appropriate; and,(ii) Provide security for such borrowings, whether by way of mortgage, pledge orcharge of its real and/or personal property to, or in favour of, the lender; and,(iii) Enter into any negotiable instruments, agreements to grant security or otheragreements necessary or required to facilitate such borrowings;NL(18)E – 7 Feb 2012 9