Powers of the Company
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5. (1)
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The company, in carrying out the objects set out in its charter,
may exercise any or all of the following powers, namely,
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(a)
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the power to
design, construct, operate and maintain satellite telecommunication systems
or elements thereof;
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(b)
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the power,
subject to section 8, to negotiate and to enter into, under the direction of
the Minister, suitable arrangements for the launching of satellites;
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(c)
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the power to
enter into contracts on such terms and conditions as it considers reasonable
for the provision of telecommunication services by satellite;
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(d)
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the power to
conduct research and developmental work and to provide managerial,
engineering and other services in all matters relating to telecommunication
by satellite and satellite systems;
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(e)
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the powers
set out in subsection 16(1) of the Canada
Corporations Act, chapter C-32 of the Revised Statutes of Canada, 1970,
except those powers referred to in paragraphs 16(1)(b.1), (c) and (r) of that
Act;
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(f)
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the power to
enter into arrangements, other than amalgamation arrangements, for sharing of
profits, union of interests, cooperation, joint adventure, reciprocal
concession or otherwise with any other company, firm or person as provided by
paragraph 16(1)(b.1) of the Canada
Corporations Act, chapter C-32 of the Revised Statutes of Canada, 1970;
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(g)
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the power,
with the approval of the Governor in Council on the recommendation of the
Minister, to take, or otherwise acquire and hold, shares, debentures or other
securities of any other company having objects altogether or in part similar
to those of the company or carrying on any business capable of being
conducted so as to benefit the company, directly or indirectly, and the power
to sell or otherwise deal with any such securities;
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(h)
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the power,
subject to this Act, to issue and allot fully paid-up shares of the company
in payment or part payment for any property purchased or otherwise acquired
by the company or any services rendered to the company;
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(i)
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the power to
carry out all or any of the objects of the company and to do all or any of
the things authorized pursuant to paragraphs (a) to (g) as principal, agent,
contractor or otherwise, either alone or in conjunction with others; and
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(j)
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the power to
do all such other things as are incidental or conducive to the attainment of
the objects and the exercise of the powers of the company.
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(2) |
In order
to effect its objects, the company may accept powers outside Canada from any
authority lawfully competent to confer the powers. R.S., c. T-4, s. 6;
SOR/85-1026, 1027.
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