O. Reg. 517/01: GENERAL

 

ONTARIO regulation 517/01

made under the

go transit act, 2001

Made: December 20, 2001
Filed: December 21, 2001
Printed in The Ontario Gazette: January 5, 2002

general

Regional transit area

1. The regional transit area is comprised of the geographic area of jurisdiction of the cities of Toronto and Hamilton and the regional municipalities of Durham, Halton, Peel and York.

Application of the Corporations Act

2. Sections 279 (seal), 280 (contracts), 281 (power of attorney), 282 (authentication of documents), 292 (validity of acts of directors, etc.), 293 (annual meetings), 299 (minute books), 300 and 301 (documents and registers and their admissibility), 302 (books of account), 303 (untrue entries), 304 and 305 (keeping and inspecting records) and 325 (proof of matters) of the Corporations Act apply to GO Transit with necessary modifications.

Reimbursement of directors’ expenses

3. The board of directors of GO Transit may pass by-laws for the reimbursement of its members for expenses necessarily incurred by them in the discharge of their duties.

Commencement

4. This Regulation comes into force on the later of the day on which it is filed and January 1, 2002.

Brad Clark

Minister of Transportation

Dated on December 20, 2001.