HER MAJESTY, by and with
the advice and consent of the Legislative Assembly of Alberta, enacts as
follows:
Corporation continued
1 The Medical Services Research Foundation of
Alberta is continued as a corporation under the name “M.S.I. Foundation” and
shall consist of the members of the board of trustees appointed under section
4.
RSA 1980 cM‑23 s1
Objects
2 The objects of the Foundation are
(a) to
seek and receive by gift, bequest, devise, transfer or otherwise property of
every nature and description;
(b) subject to any prior trust conditions
imposed on the use of the property, to hold, use and administer it for the
purpose of fostering and supporting research into any aspect of the provision
of medical and allied health services and the promoting of matters of health in
the interest of the people of Alberta.
RSA 1980 cM‑23 s2
Powers
3(1) The Foundation
(a) shall
invest its funds in investments that the Minister of Finance is authorized to
invest in under section 43(1) of the Financial
Administration Act;
(b) may
borrow money by way of overdraft or line of credit in an amount not exceeding
the amount of the accrued income from its property;
(c) shall
expend the income from its property for the furtherance of the objects of the
Foundation;
(d) may
enter into any contracts and do all other things that may be necessary,
desirable or expedient to effect its objects.
(2) Notwithstanding subsection (1)(c), where a
donor has directed the expenditure of capital from property donated by the
donor to the Foundation, the Foundation may expend the capital portion of that
donation in accordance with the direction of the donor for the furtherance of
the objects of the Foundation.
RSA 2000 cM‑24
s3;2006 c23 s56
Board of trustees
4(1) The board of trustees of the Foundation shall
consist of
(a) 2
persons appointed by the Council of the College of Physicians and Surgeons of
the Province of Alberta,
(b) 2
persons appointed by the board of directors of The Alberta Medical Association
(C.M.A.‑Alberta Division), and
(c) 3
persons to be appointed by the Lieutenant Governor in Council,
and the persons so
appointed shall hold office for a term of 3 years or until their successors are
appointed.
(2) The
Lieutenant Governor in Council shall designate one of the members appointed
under subsection (1)(c) to be chair of the board of trustees of the Foundation.
(3) If
the chair is absent at a meeting of the Foundation, the members present shall
appoint one of their number to preside at that meeting.
(4) A
majority of the members of the board of trustees constitutes a quorum at a
meeting of the board.
(5) The
trustees shall meet on the call of the chair but at least once a year on a date
to be fixed by the chair of the board of trustees.
(6) Members of the Foundation may be paid
remuneration for their services and allowances for their expenses necessarily
incurred in the performance of their duties.
RSA 1980 cM‑23 s4
Bylaws
5(1) The board of trustees may make bylaws
respecting
(a) the
appointment, functions, duties and removal of all agents, officers and
employees of the Foundation and their remuneration,
(b) the
time and place for the meetings of the board of trustees and the procedure to
be followed at the meetings, and
(c) the
general conduct of the business and affairs of the Foundation.
(2) A
bylaw is not valid unless
(a) it
is passed by a majority of the board of trustees holding office, and
(b) it
is approved by the Lieutenant Governor in Council.
(3) A bylaw signed by a majority of the board of
trustees holding office is as valid and effective as if passed at a meeting of
the board.
RSA 1980 cM‑23 s5
Committees
6(1) The board of trustees may at any time delegate
any of its powers to committees consisting of such of the trustees and of such
other persons as the trustees consider advisable.
(2) A committee so formed shall, in the exercise of
the powers so delegated, conform and be subject to the directions and
restrictions, if any, that are imposed on it by the trustees.
RSA 1980 cM‑23 s6
