2007/05/28 (2) Y.~~
The City of Niagara Falls, Onta~-io
Resolution
May 28, 2007
No. 17
Moved by Councillor Pietrangelo
Seconded by Councillor Diodati
WHEREAS it is in the best interest ofthe Shareholder that the subsidiary Corporation, Niagara Falls
Hydro Inc., merge with Peninsula West Power Inc. on the terms and conditions set out in the
documents hereafter referred to.
THEREFORE BE IT RESOLVED THAT The President and Secretary of the subsidiary
Corporation acting together are authorized to execute the following documents together with any
related or ancillary documents necessary to carry out the merger of Niagara Falls Hydro Inc. with
Peninsula West Power Inc. to form a Corporation to be called Niagara Peninsula Energy Inc.:
a Merger Agreement
b. Shareholder's Agreement
AND THEREFORE BE IT RESOLVED THAT the foregoing resolution is hereby consented to
by the Shareholder ofthe Corporation, as evidenced by its respective signatures hereto in accordance
witl~ fhe provisions of Section 104(1) of the Business Corporations Act (Ontario) this 28`h day of
May, 2007.
AND The Seal of Yhe Corporation be hereto affixed.
Carried Unanimously
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~ C_ /
E~2SN I I A R. T. ~ ~ED SALCI
Cr , )
CITY CLERK ~ MAYOR