Portal Players Dramatic Society will be holding an Extraordinary General Meeting Wednesday, June 23, 2021 @ 7:00 pm via ZOOM.
The topic of the meeting will be to adopt a Special Resolution for the board to apply for CEBA for the society. Per PPDS Bylaw J-2 Borrowing Powers, “Should the board feel that it is necessary to borrow funds to carry out a project, it shall convene an Extraordinary General Meeting of the society to consider a Special Resolution to approve the borrowing”…”Special Resolutions authorizing borrowing in excess of ten thousand dollars will require a two thirds majority of the Members in attendance at the Meeting”.
Voting members shall be members in good standing.
The Canada Emergency Business Account (CEBA) is an interest free business loan available to Canadian businesses to help with the strain that COVID-19 has caused. We can apply for up to $60,000. If we repay the balance of the loan by December 31, 2022, the government will forgive 33 percent of the loan (up to $20,000). Our goal in applying for the loan is to help fund our restart efforts. Deadline to apply for CEBA is June 30, 2021.
Portal Players Dramatic Society