Investment Share Meeting
The Board of Directors of Pollock’s Hardware Co-op Ltd have called a Special meeting of members with a single item on the agenda, which is to approve a change in the Articles of Incorporation of the co-operative to raise the number of Investment Shares it is permitted to issue from 1,000 to 5,000.
This means that, over time and should it have need, the co-op could raise up to $500,000 in Investment Shares. The immediate goal is to issue up to $50,000 this year bringing the total to $150,000, but raising the limit in the manner proposed would save members going through Special meetings to change the Articles of Incorporation to raise additional funds if required in future. The Special meeting is required legally and the changes must be approved by two-thirds of those present and eligible to vote.
Date: Thursday 8th May
Place: New Host Restaurant, 1364 Main Street
This should be a relatively short meeting and members could then enjoy the cuisine of New Host who have graciously agreed to accommodate us.
For directions to New Host follow this link