12/11/2018 - Hydro HoldingThe City of Niagara Falls, Ontario
Resolution
Moved by: Councillor Thomson
Seconded by: Councillor loannoni
December 11, 2018
WHEREAS
By-law
2000-097 of
the City of Niagara Falls
states that the Council
authorizes Niagara
Falls Hydro
Shareholder; and
Holding
Corporation
be
incorporated
under
the
Business Corporations
Act; and
WHEREAS the Corporation shall be managed by the Board which shall consist of nine (9) directors to
be selected by the Shareholder; and
WHEREAS "Shareholder' means the Corporation of the City of Niagara Falls; and
WHEREAS the Shareholder shall, by special resolution, designate the number of Directors to hold
office from time to time; and
WHEREAS the
Board
shall
consist of those persons elected as Councillors of the Shareholder,
together with the
Mayor
of the
Shareholder; and
WHEREAS each of the directors will serve as a member of the Board as long as such person
remains in office during the term of each City Council. Board members shall be reappointed during
their term in office to continue as a director if necessary to comply with the Business Corporations Act
of Ontario.; and
THEREFORE BE IT RESOLVED that the nine (9) directors to be selected by the Shareholder for the
current term of Council be as follows: Mayor Diodati, Councillor Wayne Campbell, Councillor Chris
Dabrowski, Councillor Carolynn loannoni, Councillor Vince A. Kerrio, Councillor Lori Lococo,
Councillor Victor Pietrangelo, Councillor Mike Strange and Councillor Wayne Thomson.
AND The Seal of the Corporation be hereto affixed.
WILLIAM G. MATSON
ACTING CITY CLERK
Carried Unanimously
JAMES M. DIODATI
MAYOR
C7