Powers, etc.. how exercised. Revenues, how expended. Grant to Members' interest not (d) the Royal Securities Corporation, Limited; (2) The Society may also make by-laws as aforesaid for (a) the formation and maintenance of the said pension fund; (b) the management and distribution thereof generally; (c) enforcing any penalty or forfeiture in the premises; and (d) the government and ordering of all business and officers of the Society. (3) No by-laws passed by the Society shall have any force or effect unless the same has been sanctioned by the Board of Directors of Royal Securities Corporation, Limited. 8. All the powers, authority, rights, penalties and forfeitures whatsoever in the premises, whether of the Society or of the individual members thereof, or of the officers and employees thereof, or of such widows and orphans and relatives, or of the Royal Securities Corporation, Limited, shall be such and such only, and may be enforced in such mode and in such mode only, as by such by-laws shall be defined and limited. 9. All the revenues of the Society, from whatever source derived, shall be devoted exclusively to the maintenance of the Society and the furtherance of the objects aforesaid of the said fund, and to no other purpose whatever. 10. Royal Securities Corporation, Limited, may and is hereby authorized to contribute annually or otherwise to the funds of the Society by a vote of its directors or its shareholders. 11. The interest of any members in the funds of the transferable. Society shall not be transferable or assignable in any manner whatsoever by way of pledge, hypothecation, sale or security. 12. The Society shall at all times, when thereunto required by the Governor-in-Council, make a full return of their property and of their receipts and expenditures for such period, and with such details and other information as may be required. CHAPTER 183. An Act to Amend Chapter 84, Acts of 1856, entitled, "An Act to Incorporate the Liverpool Marine Railway Company," and the Acts in Amend Town may guarantee payment Be it enacted by the Governor, Council, and Assembly, as follows: 1. Section 14 of Chapter 174 of the Acts of 1900 is Section 14, hereby repealed. Chapter 174, Acts 1900, amended. Chapter 214, amended. 2. Section 1 of Chapter 214 of the Acts of 1912 is Section 1,, hereby amended by striking out the word "six," Acts 1912, in the seventeenth line thereof, and substituting the word "five" therefor. of Section 2 of amended. 3. Sub-section (2) of Section 2 of said Chapter 214 Sub-section (2) of the Acts of 1912 is hereby amended by striking out Chapter 214, the word "may," in the first line thereof, and substituting therefor the word "shall," and by inserting between the word "purport" and the word "which," in the ninth line thereof, the words "but not in any case less than three per cent. annually of the money so borrowed." guarantee pay 4. It shall be lawful for the Town of Liverpool, Town may upon a resolution of the Town Council first being pas-ment of debensed to that effect, to guarantee payment of all or any of the debentures issued or that may be issued under tures. the provisions of said Section 1 of said Chapter 214 of the Acts of 1912, when, or after, the proposal to give such guarantee shall have been approved by the ratepayers of the said town under the provisions of Sections 143 and 144 of "The Towns' Incorporation Act" and none of the provisions of Chapter 8 of the Acts of 1912 shall apply to such guarantee or to the giving thereof. Such guarantee may be given by endorsing on each of said debentures, the words "Guaranteed by the Town of Liverpool" and such endorsement to be authenticated by being sealed with the corporate seal of the said town, and signed by the Town Clerk, or may be given in such other manner and form as the Town Council of the said town may by resolution determine. Such guarantee shall be held binding upon the said town, its property and revenues, and the said Company is hereby empowered to have its said debentures so guaranteed. Sub-section CHAPTER 184. An Act to Amend Chapter 145, Acts of 1911, Company.' (Passed the 13th day of May, A. D., 1913). Section. 1. Sub-section added to Section 2, Chapter 145, Acts 1911. Be it enacted by the Governor, Council, and Assembly, as follows: 1. Section 2 of Chapter 145 of the Acts of 1911 is added to Sec-hereby amended by adding thereto the following sub145. Acts 1911. section: tion 2, Chapter (3) The Company may amalgamate with or purchase the business of any other insurance company, or sell out and dispose of the business of the Company to any other such company, upon such terms and conditions as may be agreed upon, and as shall not impair the recourse or remedy of any creditor of either company; but, before the completion of such amalgamation, purchase or sale, the consent of three-fourths of the votes of the shareholders shall be obtained, at any general meeting or special meeting of the shareholders called for the purpose, notice calling such meeting having been given as prescribed in Section 5 of this Act. CHAPTER 185. An Act to Amend Chapter 133 of the Acts of 1911, (Passed the 13th day of May, A. D., 1913). Section. 1. Name struck out. Section. 2. Section 34, Chapter 133, Be it enacted by the Governor, Council, and Assembly, as follows: 1. Section 1 of Chapter 133 of the Acts of 1911, Name .is amended by striking out the names of William H. out. MacDonald and Frank Powers. striuck Chapter 133, 2. Section 34 of the said Chapter 133 is amended Section 34. by striking out the word "two" in line 3 thereof and amended. substituting therefor the word "five." Be it enacted by the Governor, Council, and Assembly, as follows: Incorporation. 1. Louis C. LeBlanc, Isaac LeBlanc, Edward Doucette and Jeremie Comeau, all of Clare, in the County of Digby, and such other persons as they may associate with themselves, and persons who shall become members of the Company hereby created, are hereby constituted a body corporate, under the name of the "Clare Creamery Company, Limited," hereinafter referred to as the Company. Objects. 2. The objects for which the Company is established are: (a) to buy, manufacture, sell, dispose of, consign to agents for sale and deal in milk, cream, butter, cheese, feeds, agricultural imple-. ments, fertilizers, dairy supplies, eggs and other agricultural products and merchandize, and to engage in and carry on business as merchants, commission merchants, dealers, traders and manufacturers in agricultural products; (b) to purchase, acquire and hold letters patent, inventions, processes, patents, rights and copyrights necessary or desirable in the interests of the Company, and to sell and dispose of the same or rights thereunder, and to manufacture, sell and deal in the goods, commodities and articles covered by any such patent, rights, processes or inventions; |