The purposes of Cobourg and District Sports Hall of Fame:
- To provide a public amenity by establishing and maintaining a sports hall of fame to recognize and honour individuals who have made significant contributions to their respective sports and to collect, preserve and exhibit objects which are determined to be significant to the sports history in the Town of Cobourg and District, for the public.
- To advance education by providing publicly available scholarships, bursaries and other forms of financial assistance to students graduating from high school to be used for their post-secondary education.
- To do all such things as are incidental or ancillary to the attainment of the above charitable purposes.
Special Provisions:
The corporation shall be carried on without the purpose of gain for its members and any profits or other accretions to the corporation shall be used in promoting its objects.
a. The Corporation is authorized to establish one class of members. Each member shall be entitled to receive notice of, attend and cast one (1) vote at all meetings of members of the corporation.
b. Any by-law, amendment or repeal of a by-law shall require confirmation by special resolution of the members.
c. Notwithstanding the mandatory dissolution clause required by the Ontario Not-for-profit Corporations Act, any property remaining on liquidation of the Corporation after discharge of liabilities, shall be distributed or disposed of to another public benefit company with similar purposes to its own, an Ontario body Corporate that is a registered charity with similar purposes to its own, an Ontario Government agency or a Municipality in Ontario.
Additional Special Provisions for charitable status:
a. Commercial purposes, if any, included in the articles are intended only to advance or support one or more of the non-profit purposes of the corporation. No part of a corporation's profits or of its property or accretions to the value of the property may be distributed, directly or indirectly, to a member, a director or an officer of the corporation except in furtherance of its activities.
b. The corporation shall be subject to the Charities Accounting Act.
c. No director shall receive remuneration for services provided in the capacity as a director, although they may be paid reasonable expenses incurred by them in the performance of their duties. Unless otherwise prohibited by the corporation, a director may be compensated for services other than as a director pursuant to the regulation made under the Charities Accounting Act, or with court approval or an order made under section 13 of the Charities Accounting Act.
d. To invest the funds of the corporation pursuant to the Trustee Act.
e. Upon the dissolution of the corporation and after satisfying the interests of its creditors in all its debts, obligations and liabilities, its remaining property shall be distributed to a Canadian body corporate that is a registered charity under the Income Tax Act (Canada) with similar purposes to its own, the Crown in right of Ontario, the Crown in right of Canada, an agent of either of those Crowns or a municipality in Canada.
All funds and other property held by the corporation immediately before the articles become effective or that are received subsequently by the corporation pursuant to any will, deed or other instrument made before the articles become effective, together with any income or other accretions to the funds or other property, will be applied only to the purposes of the corporation as they were immediately before the articles become effective.
The Cobourg Galloping Ghosts are the most famous team in Cobourg sports history. Managed by Fred Dufton, the Ghosts won eight Ontario championships, five after World War II. They were Canadian Dominion champions in 1946, 1948 and 1950. They were the first team in Canada to wear aluminum cleats and the second to wear white uniforms.
