FGA Inc. Minutes of 27 March 2012

Meeting of March 27, 2012
RA Fieldhouse


Present: Amy Kempster (Chair), Janice Seline (Treasurer), Erwin Dreessen (notetaker)

Regrets: Sol Shuster, Alicia Reckzin

The meeting commenced at 6:30 p.m. with a 5-minute In Camera portion.

Dave Morrow has advised that there is no limitation statute to the enforcement of a court order but if more than 6 years have elapsed after the judgement that gave rise to the debt, leave of the court is required to get a writ.

It was agreed that Amy will write to the two lawyers, offering to make a proportional payout of the remaining balance and stating that, if we do not hear back within three weeks, the remaining balance will be invested in a GIC. Erwin will draft the letter for Amy’s signature.

Four weeks after the letter is sent, and if no reply is received, Amy, Erwin and Janice will make a joint appointment with Mr. Qu to (1) remove Janice, Cheryl and Barry from signing authority; (2) add Amy and Erwin; (3) invest in a 5-year GIC; and (4) close the checking account.

Note : Amy is away May 10 to 23, 2012.

The meeting adjourned at 7 p.m.