Establish CAP. II. An act respecting the consolidated railway fund of the province of Quebec. HE .[Assented to 28th December, 1876.] ER MAJESTY, by and with the advice and consent of the Legislature of Quebec, enacts as follows: 1. There shall be and there is hereby created a railway ment of the fund for the province of Quebec, to be known as "The consolidated railway fund of the province of Quebec." fund. Composition 2. This fund shall be composed of the debentures of of the fund. this province, or of the proceeds of any debentures of this province, which have been heretofore, or which shall be hereafter issued, negotiated and sold under any act of the Legislature of this province, passed or to be passed, and of any unexpended balances of any sum of money now in the hands of the treasurer of this province, or which may hereafter come into his hands to aid in the construction of any railway now ⚫ entitled to a subsidy or which may hereafter become entitled to one, or to construct the Quebec, Montreal, Ottawa and Occidental Railway. Employment of the moneys constituting the fund. All the municipal debentures, or municipal subscriptions mentioned in schedule A. of Chapter 2, of 39 Vict., of the acts of this province, shall also fall into and form part of this fund. 3. It shall be lawful for the Lieutenant-Governor in council to pay, out of the said fund, unto any railway company entitled to any subsidy by virtue of any act of this province, or unto the commissioners of the Quebec, Montreal, Ottawa and. Occidental Railway, such subsidy, at such time, and in such amounts, as by law they are entitled to have and demand the same.· Advance of 4. It shall be lawful for the Lieutenant-Governor in -$3,000,000 council, if he shall deem it expedient so to do, to advance to the commissioners of out of the said fund unto the commissioners of the Quebec, the Q. M. O. Montreal, Ottawa and Occidental Railway, such sum or sums O. Railway. of money, not exceeding in the aggregate the sum of $3,000,000 as he shall deem meet. treasurer. Delivery of But in such case, and at the time of such advance being bonds to the made, the said commissioners shall deliver unto the treasurer of this province, of the bonds, which, by section twenty-five of the said act, they are authorized to issue, a sum equivalent in amount to such advance. And the said bonds shall forthwith enter into and form part of the said fund; and the interest such bonds. accruing on the said bonds shall be deducted from the net earnings of the said road, and be paid into the credit of the Interest accruing on said fund to form part thereof, so long as the said bonds remain in the hands of the treasurer of this province. 5. The Lieutenant-Governor in council may, at any The bonds time when he deems it expedient so to do, pledge by way may be pledof collateral security the said bonds for any advance of ged or negotiated, by the moneys made or required for the purposes of this act, or Lt.-Governor. order the issue, negotiation and sale by the treasurer of this province, of the aforesaid bonds or any part thereof, subject to such terms and conditions as the Lieutenant-Governor in council may devise or prescribe. Gov. for the 6. It shall be lawful for the Lieutenant-Governor in coun- Security cil, by endorsement upon the said bonds or otherwise, as given by the he may determine, to guarantee the due, faithful and punc- payment of tual payment of the interest to accrue on the said bonds, interest and or the due, faithful and punctual payment of the interest principal. and principal of the said bonds. commission 7. To avoid doubts, it is hereby declared that in the Subrogation events of the said province advancing the whole or any part of of the prothe amount of the said bonds, the province shall be sub-inte rights vested stituted to and subrogated in all the rights and powers, in the holprivileges and advantages granted or intended to be ders. granted, vested, or authorized to be vested, in the holders of the said bonds. or debentures, or any trustee or trustees for them; and in case of the said bonds falling into the Rights of the hands of the said treasurer, as herein before set forth, all the ner's vested in powers, privileges and authority vested in the said commis- the treasurer. sioners respecting the said bonds, or which they are authorized or empowered to confer upon others, by virtue of sections 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, of 39 Vict., cap. 2, or by any other section of the said act, shall be vested in, and exercised by, the treasurer of this province, or conferred by him upon others, as fully and effectually as the said commissioners might or could have done; and the same rank Rank allowed and priority in the revenues of the said road shall be served to and enure to the province, as if the said bonds had been sold to the said province by the, commissioners. to the propre- vince. 8. Nothing in this act shall have the effect of amend- Proviso. ing or revoking the statutes in force by which any aid or subsidy has been granted to any railway company whatsoever. . 9. This act shall come into force on the day of its Act into sanction. force.. CAP. III. Advanees which may be made to certain railway com. panies. Conditions. Proviso. The employ ment of the advance of An act to amend the law respecting subsidies in . money made to certain railways, and for other purposes. [Assented to 28th December, 1876.] ER MAJESTY, by and with the advice and consent of the Legislature of Quebec, enacts as follows: 1. The Lieutenant-Governor in Council, as soon as the following railway companies : The Levis and Kennebec Railway Company; And the St. Francis and Megantic International Railway Company, Shall have put the completed portions of their roads in good working order, to his satisfaction, may advance to them on account of their subsidy, 1o. a sum of $1,000 for each mile thus completed, in addition to the sum of $4,000 which they have received, or may now have a right to receive, and 20. out of the whole balance of the subsidy granted to them for any other portion of their road which they may hereafter complete,—another sum of such an amount, and in such a manner, that this advance being made, there shall remain to be paid not less than $2,000 per mile upon the portion of the road to be hereafter completed, and that in any case, no more than $6,000 per mile shall be advanced. 2. The Lieutenant-Governor in Council may require that the sum of $1,000 per mile, advanced to the compa$1,000 may nies mentioned in the preceding section, on the completbe regulated ed portions of their lines, be used to perfect such portions by Lieuteof line, and to pay whatever they may owe for the right nant-Goverof way, labor and rolling stock. nor. Add. subsidy 3. The Lieutenant-Governor in Council may increase granted to to $4,000 per mile, the subsidy already granted to the cert. Railway Co's following railway companies : M. P. ani B.. Conditions. W. and 1. The Montreal, Portland and Boston Railway, upon a length not exceeding fifty-six miles, from the river St. Lawrence, at the town of Longueuil, to the frontier line of the province, via Chambly, West Farnham and Frelighsburg, provided that the company shall come to an agreement with the government, that freight and passengers may pass over their line at rates proportionate to those of the Quebec, Montreal, Ottawa and Occidental Railway; 2. The Waterloo and Magog Railway, upon a length not exceeding forty-three miles; 3. The Laurentian Railway upon a length not exceed- Laurentian ing fifteen miles. R. R. 4. If any railway company now subsidized gives up Case in which its charter, or if the charter of any such company lapse certain comthe grant to between the present time and the 31st of December panies may 1877, it shall be lawful for the Lieutenant-Governor in be divided council to apportion the amount of the subsidy to which amongst such railway company was entitled, over the uncom- nies. pleted parts of the roads of the four companies following, that is to say: The Levis and Kennebec, forty-five miles, The Quebec Central, fifty-two miles, The St. Francis and Megantic International, fifty-three miles, The South Eastern, forty miles from Acton to Sutton junction; other compa Provided that the amount of the subsidy .so appor- Proviso. tioned does not exceed $1,500 per mile, for the total length to be completed as aforesaid, and that the subsidy so apportioned added to that already acquired by each of such companies, does not in any case exceed a sum of more than $6,000 for each mile of road so to be completed of amount 5. The Quebec and Lake St. John Railway Company Repayment shall not be obliged upon the first section of its road, to due by the repay the sum of $48,171.20, received by it for the cons- Quebec and truction of a wooden railroad, but such repayment shall Lake St. John be made only upon the second, section of such road, and R. R. the said company shall furnish security that it will Security. repay such sum at the end of four years from the first day of January 1877, if in the interval it has not made the said second section of its road. 6. The Missisquoi and Black River Valleys Railway Delay, in company shall continue to have a right to the subsidy at favor of Missisquoi and present granted to it, until the first of December 1877, Black River provided that at the said date, the said company shall R. R. have made and completed at least ten miles of continuous and uninterrupted road with iron or steel rails. 7. The first section of the act of this province, 39 Vict. ch. 3. is amended: 1. By striking out the words: "at the rate of five per centum per annum" and substituting therefor the fol lowing words: "at a rate not exceeding six per centum 2. By adding to such section the following words: "and the Lieutenant-Governor in Council may fix the place where such interest shall be paid." 39 V. ch. 3, 39 V., ch. 3, 8. Section 2 of the same act is repealed, and the fols. 2, replaced. lowing substituted therefor: Return and 2. Any payment heretofore made, or which may conversion of hereafter be made by this province on any subsidy acsubsidy. corded to any railway company by any act of this Legislature, still in force, may be returned to the provincial treasurer, and thereafter converted into a like guarantee for the part or portion of such subsidy returned, and from such date or dates as the directors of the company returning such subsidy may request." Manuer of 9. The subsidy granted by the present act shall be paying sub- payable in the same manner as that granted by "the Railway subsidy act of 1875." sidy. Guarantee of sub-contracts of D. McDo 10. The commissioners of the Quebec, Montreal, Ottawa BDCOM and Occidental Railway may guarantee the payment of nald, by com- the amounts of the sub-contracts made by Duncan McDomissioners. nald, the contractor for the western portion of the said road, provided that such contracts are approved of by them. Sums to be 11. The said commissioners are authorized to take taken to com- from the sum intended to meet the contingent expenses of the road, the sum necessary to complete the said railway. plete Q. M. Ö. & O. R. R. Act in force. 12. The present act shall come into force on the day of the sanction thereof. CAP. IV. $75,000 for building Court-House. Imposing add. tax, in the Quebec courts. An act respecting the building of the court-house of H [Assented to 28th December, 1876.] ER MAJESTY, by and with the advice and consent of the Legislature of Quebec, enacts as follows: 1. The lieutenant-governor in council is authorized to take out of the consolidated fund of the province, a sum of seventy-five thousand dollars to be employed in the reconstruction of the court-house in the city of Quebec. 2. To reimburse to the provincial treasury the sum expended in the reconstruction of the new court-house, it shall be lawful for the lieutenant-governor in council to impose, with power to modify the same from time to time, such additional tax as he shall deem advisable, on |