BYLAW NO. 5
A BYLAW RESPECTING THE BORROWING OF MONEY, THE GIVING
OF GUARANTEES, THE GIVING OF SECURITY AND THE SECURING
OF LIABILITIES BY CAMECO CORPORATION
BYLAW NO. 5
A Bylaw respecting the borrowing of money, the giving of guarantees, the giving of security and the securing of
liabilities by Cameco Corporation.
IT IS HEREBY ENACTED as a Bylaw of Cameco Corporation (hereinafter called the "Corporation") as
The directors of the Corporation may from time to time:
(a) borrow money on the credit of the Corporation;
(b) issue, reissue, sell or pledge debt obligations of the Corporation, including without limitation, bonds,
debentures, notes or other evidences of indebtedness or guarantees of the Corporation, whether secured or
(c) subject to the provisions of the CANADA BUSINESS CORPORATIONS ACT, give a guarantee on behalf
of the Corporation to secure performance of an obligation of any person;
(d) mortgage, hypothecate, pledge or otherwise create an interest in or charge on all or any property of the
Corporation, owned or subsequently acquired, to secure payment of a debt or performance of any other
obligation of the Corporation; and
(e) delegate to one or more directors, a committee of directors or one or more officers of the Corporation as
may be designated by the directors, all or any of the powers conferred by the foregoing clauses of this Bylaw to
such extent and in such manner as the directors shall determine at the time of each such delegation.
2. This Bylaw shall come into force at, and be effective from, the time of its passing by the Board of Directors.
3. Bylaw No. 2 of the Corporation enacted December 9, 1988, is repealed effective when this Bylaw comes into
force without prejudice to any action taken thereunder prior to such repeal.
ENACTED the 3rd day of May, A.D. 1991
"William A. Gatenby"
"Gary M.S. Chad"
BYLAW NO. 6
A BYLAW RELATING