BY-LAW No. 1 Part 3 of 3

No Director, Officer or Chairman of any standing committee of the
Corporation shall be liable for the acts, receipts, neglects or defaults
of any other Director, Officer or other member of any committee or sub-
committee or employee, or for joining in any receipts or their acts for
conformity, or for any loss, damage or expense happening to the
Corporation through the insufficiency or deficiency of any security in
or upon which any of the monies from the bankruptcy, insolvency or
tortious act of any person with whom any of the monies, securities or
effects of the corporation shall be deposited, or for any loss
occasioned by any error of judgement or oversight on his part, or for
any other loss, damage or misfortune whatever which shall happen in the
execution of the duties of his office or in relation thereto unless the
same are occasioned by his own wilful neglect or default.

 

1. all costs, charges and expenses whatsoever that such director or
   Officer sustains or in or about any action, suit or proceeding that
   is brought, commenced or prosecuted against him for or in respect of
   any act, deed, matter or thing whatsoever made, done or permitted by
   him in or about the execution of the duties of his office; and,
2. all other costs, charges and expenses that he sustains or incurs in
   or in relation to the affairs of the Corporation;

except such costs, charges or expenses as are occasioned by his own
wilful neglect or default.

12.01