Eight shareholders of the Glebe Manor Road Lawn Bowling Club have sent a letter to the president of the club, Phillip Foubert, demanding that he convene a meeting to discuss alleged shareholder rights violations. The move comes in the wake of a move by Mr. Foubert and members of the board of directors of the club, to sell the club’s land at 196 Manor Rd. to a developer. According to concerned resident Derek Tilley there are as many as 872 outstanding shares in the club. He says that in the 91 year history of Glebe Manor Lawn there are unknown numbers of shares in estates. Indeed, some owners may not know they own such shares. The issue broke on South Bayview in May when Mr. Tilley became aware of the plan, originated last November. He spoke to The South Bayview Bulldog and other media. The letter demanding a shareholders meeting was given personally to Mr. Foubert yesterday (Wednesday, July 2, 2014) and states the expectation of a reply within three business days. Otherwise, says Tilley, shareholders will seek an injunction to stop any sale. The case is fascinating for its legal curiosities. The full foundation on which a sale might have been possible without the permission of shareholders is a puzzler. Another unusual wrinkle surfaced at a public meeting called by Josh Matlow (Ward 22) last month. A former president of the club, Wally Rayner, said the articles of incorporation of Glebe Manor Lawn Bowling Club Limited require the club to return the property to either Glebe Manor Presbyterian Church, from which it came as a gift in 1923, or to the City for a nominal sum.
