Board of Trustee Meeting - Board of Trustees accept a recommendation from the Board of Directors that the corporation borrow from the CIBC a sum or sums not exceeding $50,000 over a period of 2 years. The property was pledged as a guarantee to the bank.

Carried

Moved by Ross Shearer that all trustees sign as guarantors to this loan to the limit of $6500 each.

Carried

Tom Feduk moved and seconded by Ross Huffman that the Directors be authorized to proceed with the building of the golf course.

Carried

Then moved by Wes Thompson and seconded by Doug Hope that the course plans as we now have be recorded as approved by the Board of Trustees. Carried