Aohanga Incorporation AGM notice
The Proprietors of Owahanga Station
NOTICE OF ANNUAL GENERAL MEETING
Notice is hereby given that the Thirty-sixth AGM of Shareholders will be held at
Papau
commencing at
9.30Mihi whakatau
10.30 Hui
AGENDA OF BUSINESS
1. Mihi
2. Confir
3. Election of Two members to the Committee of Management
a. Mr
b. Mrs Cheryl Ann Kurei resigned. Mr Hohepa Mei Tatere was seconded to fill the
vacant position
c. Mr George Matthews has made himself available for re nomination.
Nominations to fill the positions are to be made in writing, signed by both the nominator
and the candidate, and must be lodged at the Registered Office of the Incorporation
(MCI & Associates,
Wednesday 18th November 2009.
NOMINATION FORMS are available from the Registered Office, or can be down-loaded from our web-site. www.aohanga.co.nz
4. To receive and consider the Annual report
5 Election of Officers
6 To consider and approve Recommendations and Special Resolutions (see back of page)
7 General Business
8 Farm Tour
M.R Mullins
Dated: 23rd October 2009 Chairperson
Recommendations (as relevant to the 2009 financial year)
The Committee of Management recommend to shareholders at the AGM:
a) The appointment of Cairncross Woods & Co as auditors for the ensuing year.
b) The appointment of Mr David Cairncross as share valuer for the ensuing year.
c) That the maximum distribution to shareholders from profits derived in the year ended 30 June 2009 be approved at $2,500 and that this sum be distributed by way of:
· Kaumatua Allowance of $50 be payable to those qualifying shareholders who attend the AGM.
· Travel Allowance of $40 be payable to those shareholders who use their own vehicles to attend the AGM. This payment is per vehicle and available to those shareholders who live beyond the Pongaroa District.
· That no dividend be paid for this 2009 year.
Resolution
1) That a special dividend of $100,000 be approved for payment during the 2010 financial year to those eligible shareholders listed on the Share Register as at 30 June 2009.
a) It has been 5 years since the recommendation to withhold dividend payments was confirmed
by shareholders.
b) The Committee of Management made a commitment to shareholders, and now wish to fulfill that with the above resolution:
2) That pursuant to Section 258 of the Te Ture Whenua Maori Act 1993 the Incorporation, by special resolution, declares that the income from the following property of the Incorporation is to be appropriated in the 2009 year for charitable purposes:-
a) The income derived from 3,500 kilograms of Incorporations’ annual wool clip at the average price per kilogram for said wools for the 2009 year.
b) The interest income earned on the unclaimed dividends of the Incorporation.
For subsequent years the property appropriated for charitable purposes shall be that which is recommended by the Committee of Management and agreed to by the Annual General Meeting in that year.
Note: Charitable Purpose includes:
Ø The promotion of health
Ø The promotion of social, cultural and economic welfare
Ø The promotion of education and vocational training.
**************************************
Copies of the Annual Report and Statement of Accounts will be available at the Annual General Meeting and during the week prior to the meeting. Should you require a copy please contact
************************************
The Papauma Marae Komiti invite whanau to a whakawhanaungatanga evening on the Friday night before the AGM (Nov 20th). For catering purposes, those planning to attend should contact Maryanne at the Registered office to confirm numbers attending and time of arrival before Friday 20th November.
Please visit our web-site for more information. www.aohanga.co.nz
< Go back to Home