ISLA Constitution

See the bylaws
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Name: The name of the Society is Islanders' Secure Land Association, referred to in this document as ISLA or as the Association.

Purposes:

  1. To acquire land and hold it in trust in perpetuity and to provide permanently affordable housing on Hornby Island.
  2. To provide permanently affordable access to land for housing by forever removing the land from the speculative market.
  3. To acquire, create and/or administer affordable housing, either independently or in cooperation with other community organizations.
  4. To steward the health of the natural environment by requiring ecologically sound and sustainable ways to use land for housing.
  5. To undertake any other activities that serve the purpose of the Association.
  6. Dissolution. In the event of dissolution or of the winding up of the Association, any money or assets of the Association remaining after the satisfaction of its debts and liabilities shall be given or transferred to such charitable organizations promoting the same objectives as this Association as may be determined by the members of the Association at the time of winding up or dissolution. Failing such determination then such money and assets shall be given or transferred to some other organization provided that such organization be a charitable organization or trust recognized by Canada Customs and Revenue Agency as being qualified as such under the provisions of the Income Tax Act of Canada from time to time in effect. THIS PROVISION SHALL BE UNALTERABLE.