A BY-LAW TO AUTHORIZE THE EXECUTION OF A PRE-SERVICING AGREEMENT WITH HIGHLAND WOODS DEVELOPMENT INC., 899430 ONTARIO INC., BANK OF MONTREAL, MIS MUNICIPAL INSURANCE SERVICES LTD., HIGHLAND WOODS INVESTMENTS INC., ROBERTSON JAMES FINANCIAL CORPORATION AND CAISSE POPULAIRS NORTH BAY LIMITEE RELATING TO HIGHLAND WOODS SUBDIVISION AND CONDOMINIUM PHASE 1 (AIRPORT ROAD AND GOLF CLUB ROAD).