Votes. Proxy. President. Voters. Annual statement. First election stallments due have been paid, shall give one vote, and stockholders, not personally attending, mayvote by proxy; and the directors so chosen shall, as soon as may be, elect one of their number to be president, which president and directors shall continue in office one year and until their successors shall be elected; after the first election of directors to be made under this act, no share or shares of the capital stock of the said company shall confer a right of voting, which shall not have been held for three calendar months at the least prior to the day of election, or of the general meeting when the votes of the stock-holders are to be given. 7. An exact statement in detail of the affairs, debts, and assets of the company, up to the thirty-first day of December in each year, shall be submitted to the shareholders at each annual meeting, and the said statement shall be entered in the books of the said company, and may be examined by every stock-holder. 8. As soon as the required amount of stock shall have of directors. been subscribed, a meeting of the shareholders shall be convened by public advertisement inserted for nine. clear days immediately preceding such meeting, in at least one English and one French newspaper published in the city of Quebec, to elect the directors of the said company, and the directors then chosen shall continue in office until the first Monday of February following. Notice. Powers of directors. By-laws. Generally. Approval 9. The directors of the company shall have full power and authority to make, amend, repeal and re-enact all such by-laws, rules, resolutions and regulations, as shall appear to them proper and necessary, touching the well ordering of the company, the acquirement, management and disposition of its stock, property and effects, and of its affairs and business, the auditing of its accounts, the en-' tering into arrangements and the execution of such contracts with the said city, the declaration and payment of dividends out of the profits of the company, the form and issuing of stock certificates, the calling of special and general meetings of the company, the appointment, removal and remuneration of all officers, agents, clerks, workmen and servants of the company, the fares to be received from persons transported over the railway, or any part thereof, and generally to do all things that shall be necessary to carry out the object and exercise the powers incident to the company; provided always, that the by-laws of the said company and all amendments thereto, shall be approved by a majority of the stock-holders present in person or proxy, at any meeting of the company convened for that purpose; and provided further that the corpora tions of the municipalities, through which the said Powers of ccrrailway may pass, shall have full power, by by-law on that porations. behalf, to enforce against the said railway company and all others, such rules and provisions as the said corporations may think necessary, to regulate the construction and use of the said railway so as to prevent all avoidable interference with the ordinary traffic and use of the streets along which the said railway may pass. 10. If the election of directors be not made on the Default of day appointed by this act, the company shall not for that election. reason be dissolved; but the stock-holders may hold the election on any other day in the manner provided for by any by-law passed for that purpose; and all acts of directors until their successors are elected, shall be valid and binding upon the company. 11. The company may purchase, lease, hold, acquire Property. and transfer all real or personal estate necessary for carrying on the operations of the company. Conditions. 12. The directors of the company may, from time to time, Loans. raise or borrow for the purposes of the company, any sum or sums not exceeding in the whole the amount of the paid up capital, provided the amount to be so borrowed do Limit. not exceed fifty thousand dollars, by the issue of bonds or debentures, in sums of not less than one hundred Debentures. dollars, on such terms and conditions as they may think proper, and may pledge or mortgage all the property, tolls and income of the company, or any part thereof, for the repayment of moneys so raised or borrowed and the interest thereon; provided always, that the consent of two-thirds in value of the stock-holders of the company, then present, personally or by proxy, shall be first had and obtained at a special meeting to be called and held for that purpose, and the object of such meeting shall be stated in the notice convening the same. Consent re quired. and of corpo 13. The city of Quebec and the said company, are res- Powers of Co. pectively hereby authorized to make and enter into any ration of city agreements or covenants relating to the construction of of Quebec. the said railway, and of all the works connected therewith, and the running of the cars, subject to the restrictions contained in this act; to pass any by-laws, and (when all parties concur) to amend, repeal or re-enact the same. for the purpose of carrying into effect any such agreements or covenants, and containing all necessary clauses, provisions, rules and regulations for the conduct of all parties concerned, and for enjoining obedience thereto, and for regulating the traffic and conduct of all persons travelling upon the streets and Proviso. Responsibility of shareholders. Instalments. highways through which the said railway may pass; provided always, that no such by-law or by-laws shall infringe upon the privileges granted to the said company by this act. 14. No shareholder of the said company shall be liable under this act for any default or obligation of the company, or for any engagement, claim, payment, loss, damage, transaction, matter or thing soever relative or attaching to the said company, beyond the amount of his share in the capital of the said company. Should any shareholder of the said company make default in the payment of any of the instalments payable by him upon his shares, or of any interest due by him, the directors may, at any time after the expiration of three months after the period fixed for the payment of Confi-cation such instalments, declare the said share or shares forfeited whether the amount due has been sued for or not, and such share or shares shall then become the property of, and be at the absolute disposål of the said company. of shares. Transfer. 15. No share of the said company shall be transferred until all instalments due or called in thereupon shall have been paid, or until the said share shall have been duly declared forfeited for non-payment. Recovery of 16. In case the said directors shall deem it more expeinstalments. dient in any case to enforce the payment of unpaid instalments than to forfeit the share therefor, the company may sue for and recover the same from the shareholder with interest thereon, in an action of debt, in any court having civil jurisdiction to the amount claimed; and in any such action it shall be sufficient to allege that the defendant is the owner of one or more shares, stating the number of shares, and is indebted to the company in the sum to which the calls in arrear may amount; and to maintain such action, it shall be sufficient that the defendant has signed some book or paper by which his subscription for such share shall appear, and the number of calls in arrear shall have been duly made. Suits. Proof. Obstruction of road. Fine. Imprisonment. 17. Any person wilfully obstructing the said railway by leaving any waggon, cart, carriage, or other incumbrance thereon, or by refusing or neglecting to give place to the cars, shall upon conviction before the recorder for the city of Quebec, or judge of the sessions of the peace for the city of Quebec, or before any justice of the peace in or near the place where the injury has been done, be sentenced to pay a fine of not more than twenty dollars, nor less than two dollars, and in default of payment to an imprisonnment not exceeding three months, for 1876. Coun. of Champl.-Par of Ste. J. de Neuv. Caps. 35,36. each and every such offence; this clause shall in no wise 18. This act shall be void unless one mile at the least Delay. CAP. XXX V. An act to correct an error in the act of this province [Assented to 28th December, 1876.] ER MAJESTY, by and with the advice and consent 8. ed. 1 The first section of the act of the legislature of this 39 Vict., c.40, province, 39 Vict., chapter 40, is amended by substituting, s. 1, amendin the sixth line, the words "chapter seventeen," for the words" chap. 18." 2. This act shall come into force on the day of the Act in force. sanction thereof. CAP. XXXVI. An act to detach from the municipality of the parish W [Assented to 28th December, 1876.] HEREAS, by means of the cadastre in the county of Preamble, Portneuf, a certain piece or parcel of land has been discovered, of about eighteen hundred arpents in superficies, bounded as follows, that is to say: towards the north by the south boundary line of the parish of St. Raymond; towards the south by the discharge of lake Blanc, which divides the said parcel of land from the parish of Ste. Jeanne de Neuville; towards the east, partly by the parish of Ste. Jeanne de Neuville, and partly by the west boundary line of the parish of Ste. Catherine; and towards the west, partly by the parish 12 A parcel of land from Cap Santé, a nexed to Ste, Jeanne. Act in force. of Ste. Jeanne de Neuville, and partly by the eastern boundary line of the parish of St. Bazile: whereas such piece or parcel of land, although separated from the parish of Cap Santé by several miles, is generally held to form part of such latter parish, and whereas according to official documents, it does not form part of any of the parishes which it adjoins; and whereas for the purposes of the cadastre and in view of the approaching close of the cadastration in the county of Portneuf, and also for municipal, school and other purposes, it is important to annex such piece or parcel of land to the parish of Ste. Jeanne de Neuville, and to cadastrate it as such; There. fore, Her Majesty, by and with the advice and consent of the Legislature of Quebec, enacts as follows: 1. The piece or parcel of land described in the preamble of this act, is detached from the municipality of the parish of Cap Santé, in the county of Portneuf, and annexed to the municipality of the parish of Ste. Jeanne de Neuville, in the same county, for registration, municipal, school and other purposes whatever. 2. This act shall come into force on the day of its sanction. Territory annexed to St.Elizabeth. CA P. XXXVII, An act to detach a certain part of the parish of Ste. Geneviève de Berthier, and to annex the same to the parish of Ste. Elizabeth, in the county of Joliette, for electoral, municipal and 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 territory detached from the parish of Ste. Gene viève de Berthier, in the county of Berthier, and annexed to the parish of Ste. Elizabeth, in the county of Joliette, for canonical purposes, by a decree of His Lordship Ignace Bourget, bishop of Montreal, bearing date the 28th June, 1875, is hereby declared to be annexed to the parish of Ste. Elizabeth and to the county of Joliette, for the purposes of representation in this legislature and for school, municipal and .other civil purposes whatso ever. |