2012-c.108 Maritime Forestry Complex Corporation Act N.B.

(a) three directors appointed by the Lieutenant-Governor in Council;

(b) three directors appointed by the Minister of the Government of Canada responsible for forestry;

(c) one director appointed by the Governor in Council of Nova Scotia;

(d) one director appointed by the Lieutenant-Governor in Council of Prince Edward Island;

(e) one director appointed by the President of the University of New Brunswick;

(f) one director appointed by the Chief Executive Officer of the Maritime College of Forest Technology.

(a) establish a Maritime Provinces regional forestry complex in which various governments, governmental agencies, universities, university agencies, educational institutions and private industries may jointly and severally construct, maintain and operate facilities to carry on their work in forestry matters;

(b) acquire real property and personal property for the purpose of constructing, modifying, expanding or reconstructing either in part or in total a regional forestry complex;

(c) operate, maintain, provide services to and service, either in whole or in part, a regional forestry complex;

(d) do all things conducive to the establishment, construction, operation and maintenance of a regional forestry complex;

(e) promote and encourage research and technological development in a regional forestry complex as a part of a Centre of Excellence in forestry matters in Canada; and

(f) cooperate and act in conjunction with other organizations and agencies, public and private, in the implementation of programs designed to give effect to any of the objects of the corporation.

(a) to buy, sell, either at wholesale or retail, acquire by purchase, lease, exchange or otherwise and to rent, lease, let on hire and generally deal in and with real and personal property of every kind and description;

(b) to purchase, lease or otherwise acquire and hold real and personal property and rights or interests in it and, in particular, lands, buildings, hereditaments, businesses, industrial or institutional concerns and undertakings, mortgages, liens, charges or other encumbrances, contracts, concessions, franchises, annuities, patents, licences, securities, policies, book debts and privileges and choses in action of all kinds;

(c) to take, hold or otherwise acquire mortgages, hypothecs, liens, charges or other encumbrances to secure payment of the purchase price or of any unpaid balance of the purchase price of the corporation’s property of any kind or any part of it sold by the corporation or any money due to the corporation from any purchaser, and to sell or otherwise dispose of or mortgage or otherwise encumber mortgages, hypothecs, liens and charges, subject to section 80 of the Companies Act;

(d) to enter into any arrangements with any government or authority, federal, provincial, municipal, local or otherwise, that may seem conducive to the corporation’s objects or any of them and to obtain from any such government or authority any rights, privileges, franchises or concessions that the corporation may think it desirable to obtain, and to carry out, exercise and comply with any such arrangements, rights, privileges, franchises and concessions;

(e) to receive grants from persons, partnerships, corporations or governments;

(f) to make grants, gifts, bursaries or scholarships to a person in furtherance of the objects of the corporation;

(g) to do all other things incidental to or ancillary to the attainment of the objects and purposes of the corporation;

(h) to apply for legislative changes considered appropriate; and

(i) in fulfilling its objects as expressed in this Act, to exercise all the powers presently set out in subsection 14(1) of the Companies Act as fully as if the powers were expressly set out in this Act.