members. 13. No member of the corporation shall be liable Liability of for the debts of the corporation; but the property, real and personal, and subscriptions to said club, shall form the assets of said corporation, and be liable for the debts and liabilities of the same. be sued. 14. The corporation may sue and be sued in its May sue and corporate name. CHAPTER 126.. An Act Respecting Inverness County Memorial Hospital. (Passed the 19th day of March, A. D. 1926.) WHEREAS the bye-laws of the Inverness County Preamble. Memorial Hospital state that the Annual Meeting of the Corporation shall be held on the fourth Tuesday of January in each year, public notice of which shall be given nine days previous to each annual meeting; AND WHEREAS the Secretary omitted to give the public notice of the Annual Meeting for the fourth Tuesday of January, A. D. 1926; AND WHEREAS notwithstanding such omission, several members of the Corporation did, on the aforesaid fourth Tuesday of January, A.D. 1926, appear at the usual place and hour of holding Annual Meetings, and did then and there convene, and on learning that said notice had not been issued, did adjourn to meet at the same place and at the same hour on Tuesday, the 9th day of February, A.D. 1926; AND WHEREAS they did so meet on the 9th day of February, A.D. 1926, and did then and there convene, and on learning that the said notice had not been given, did transact the following business and no more, to wit: (a) Appoint a Chairman and a Secretary; Amendments to by-laws declared legal and valid. (b) Appoint a committee to issue a public notice of an Annual Meeting to be held on the 23rd day of February, A.D. 1926; (c) Adjourn to meet on the 23rd day of February, A.D. 1926; AND WHEREAS the said committee did thereupon cause to be inserted in the Morning Chronicle and Halifax Herald and Port Hood Greetings a public notice in three issues of the Halifax papers and one issue of the Port Hood Greetings, in the words following: "Public Notice is hereby given that the adjourned Annual Meeting of the members of the Inverness County Memorial Hospital will be held in the Orange Hall, Inverness, on Tuesday, February 23rd, at 8 p. m.; AND WHEREAS on the 23rd day of February, A.D. 1926, pursuant to such public notice a meeting of the members of the Inverness County Memorial Hospital was held at which meeting amendments proposed to the bye-laws of the Corporation were considered, and unanimously passed, subject to the approval of the Governor-in-Council; BE IT THEREFORE ENACTED by the Governor, Council and Assembly as follows: I. The amendments made to the bye-laws of the Inverness County Memorial Hospital, at a meeting of that Corporation held on the 23rd day of February, A.D. 1926, are hereby declared to be as valid and effective as if they had been made at an Annual Meeting of the Corporation, held on the date prescribed in the bye-laws of the Corporation after due public notice thereof as prescribed in the said bye-laws. CHAPTER 127. An Act Respecting Intercolonial Sales Company, Limited. (Passed the 19th day of March, A. D. 1926.) Be it enacted by the Governor, Council and Assembly as follows: authorizations 1. Intercolonial Sales Company Limited, in addi- Additional tion to the authorizations and powers contained in and powers. its Memorandum of Association and all other authorizations and powers possessed by it, is hereby authorized and empowered: To construct or make, purchase, acquire, hold or lease, alter, maintain and operate, any railroads, railways, tramways or other roads, for general traffic and the public conveyance of passengers and goods for hire, and for the transportation of coal, coal oil, coal products and derivatives, and any and all other minerals and metallic substances or products manufactured and unmanufactured and generally freight of all kinds, from and to the mines of the Company. CHAPTER 128. An Act Respecting the Nova Scotia Clay Works, Limited. (Passed the 19th day of March, A. D. 1926.) WHEREAS, The Nova Scotia Clay Works, Ltd., Preamble. was incorporated under the Nova Scotia Companies Act on the 29th day of February, 1912, with a Capital Stock of $600,000.00, half of which was Preferred and half Common Stock; AND WHEREAS, owing to the depression in trade and the want of a market for its products there is no possibility of the Company earning any substantial dividends on its outstanding Capital; AND WHEREAS, it would be more convenient and economical for the Company to carry on with a reduced capitalization; AND WHEREAS, the shareholders at a special general meeting held on the 7th April, 1925, and the Preferred Shareholders at a special general meeting held on the 7th April, 1925, (which meetings were authorized by the shareholders at the General Meeting held on February 17th, 1925) passed without any shareholder dissenting at said two meetings, the following Resolution: "That this Special General Meeting of the Shareholders of the Nova Scotia Clay Works, Ltd., approve of and authorize the cancellation of the issue of $300,000.00 of Preferred Stock and also at the same time the cancellation of the issue of $300,000.00 of Common Stock and in the place of the above Preferred and Common Stock there be issued a new Common Stock to the par value of $165,000.00 in shares having a par value of $5.00 each, which shall be distributed to the shareholders in the following proportions: Ten Shares of New Common Stock with a total par value of $50.00 for each Share of Preferred Stock, and One Share of New Common Stock with a par value of $5.00 for each Share of Old Common Stock." ($300,000 of Preferred shall receive $150,000 New Common Stock and $300000.00 of Old Common Stock shall receive $15,000.00 of New Common Stock);" "That after the date of the issue of the New Common Stock the voting privileges be confined to the New Common Stock only;" "That all the accrued and unpaid Dividends on the Preferred Stock be wiped out;" "That the Directors be authorized to take such further action as they may consider necessary in order that the wishes of the Shareholders be carried out." THEREFORE, BE IT ENACTED by the Governor, Council and Assembly, as follows: 1. The hereinbefore recited Resolution is hereby ratified and confirmed. Resolution ratified and confirmed. 2. The Capital of the Company shall after the Capital. passing of this Act be $165,000.00 divided into 33,000 shares of a par value of $5.00. celled. 3. The shares of said Company now outstanding Shares, canand consisting of $300,000.00 Preferred and$300,000.00 Common Shares are hereby cancelled and shall not, after the passing of this Act, be voted on. be issued. 4. The holders of said shares so cancelled shall New shares to on surrender of the Certificate therefor, be entitled to receive new shares in the following proportions, namely: For a Preferred share of $100.00, ten new Shares of $5.00 each and for a Common Share of $100.00, one new Share of $5.00. All the cumulated and unpaid dividends on the outstanding $300,000.00 of Preferred Stock are hereby cancelled and shall be deemed to be paid off. CHAPTER 129. An Act to Change the Name of Carl Knight Buchanan. (Passed the 15th day of March, A. D. 1926.) Be it enacted by the Governor, Council and Assembly, as follows: I. 1. The name of Carl Knight Buchanan of Amherst, Name changed. in the County of Cumberland and Province of Nova Scotia, Minor, is hereby changed to William Carl Knight and from and after the passing of this Act, the said Carl Knight Buchanan shall be called and known by the name of William Carl Knight. liabilities un 2. No rights or liabilities of the said party shall Rights and be in anywise affected by this act, and the said rights affected. and liabilities shall be vested in and be binding upon the said party under the name authorized by this Act. |