afforded to those by and for whom its engagements are held as aforesaid; and the expense of the investigation shall be borne by the company. 45 V. c. 17, s. 2 (5, 6). money paid 77.-(1) Every Court into which money is paid by parties, or Deposit with is brought by order or judgment, may by order direct the same company of to be deposited with any such company that may agree to ac- into Court. cept the same, and the company may pay any lawful rate of interest on such moneys as may be agreed upon, and when no special arrangement is made, interest shall be allowed by the company at the rate of not less than three per centum annually. investment. (2) Every such company may invest any trust moneys in Mode of its hands in any securities in which private trustees may by law invest trust moneys, and may also invest such moneys (a) in the public stock funds or Government securities of any of the Provinces of the Dominion, or in any securities guaranteed by the United Kingdom of Great Britain and Ireland, or by the Dominion, or by any of the said Provinces; (b) or in the bonds or debentures of any municipal corporation in any of the said Provinces; Provided that such company shall not in any case invest the moneys of any trust in securities prohibited by the trust, and shall not invest moneys intrusted to it by any Court in a class of securities disapproved of by the Court. 45 V. c. 17, s. 2 (7-8). purposes may 78-(1) Where any company has been incorporated by a Letters Patent special Act, before the 10th day of March, 1882, for for certain purposes or objects within the scope of this Act, then, be granted to in case a resolution authorizing an application to the companies incorporated Lieutenant-Governor therefor is passed by a vote of not less than under special two-thirds in value of the shareholders present, in person or by Acts. proxy, at a general meeting of the company, duly called for considering the subject of such resolution, the Lieutenant-Governor in Council may from time to time direct the issue of letters patent to the company, embracing any or all of the following matters: (a) Extending the powers of the company to any objects (b) Limiting or increasing the amount which the com- (c) Providing for the formation of a reserve fund; (e) Making provision for any other matter or thing in VOL. II.-3 Winding up (2) No power to execute the office of executor, administrator, trustee, receiver, assignee, guardian of a minor, or committee of a lunatic, shall be conferred under this section upon any company which has authority to issue debentures; and no company incorporated under this Act, with power to execute such office, shall issue debentures. 45 V. c. 17, s. 4 (1, 2). 79. The company shall be subject to the provisions of any Acts to apply. Act of the Legislature for the winding up of joint stock companies. R. S. O. 1877, c. 150, s. 68. SCHEDULE A. (Section 13.) NOTICE OF GRANTING LETTERS PATENT. Public notice is hereby given, that under The Ontario Joint Stock Companies' Letters Patent Act, Letters Patent have been issued under the Great Seal of the Province of Ontario, bearing date the day of incorporating [here state the names, address and calling of each corporator named in the Letters Patent], for the purpose of [here state the undertaking of the Company as set forth in the Letters Patent] by the name of [here state the name of the Company in the Letters Patent], with a total capital stock of $ shares of $ each. divided into Dated at the office of the Provincial Secretary of Ontario, the day of A. B., Provincial Secretary. R. S. O. 1877, c. 150, Sched. A. SCHEDULE B. (Section 23). NOTICE OF GRANTING SUPPLEMENTARY LETTERS PATENT. Public notice is hereby given, that under The Ontario Joint Stock Companies' Letter Patent Act, Supplementary Letters Patent have been this day issued under the Great Seal of the Province of Ontario, bearing date the whereby the total capital stock of [here state the name of the Company] is increased [or decreased, as the case may be] from $ [or whereby the capital stock of the Comeach is sub-divided into pany of of $ day each]. Dated at the office of the Provincial Secretary of Ontario, this day of Provincial Secretary. shares A. B., R. S. O. 1877, c. 150, Sched. B. CHAPTER 158. An Act respecting Telegraph Companies. ER MAJESTY, by and with the advice and consent of the the line. 1. Every telegraph association or company, subject to the Powers for the legislative authority of this Province, and incorporated under construction of chapter 67 of the Consolidated Statutes of Canada, or under any general Act passed subsequently thereto or here- C. S. C. c. 67 after passed authorizing the incorporation of such companies, may construct the lines of telegraph designated in its instrument of incorporation upon any lands purchased by the company, or the right to carry its line over which has been conceded to it by the parties having a right to make such concession, and along and upon any of the public roads and highways, or across any of the waters within this Province, by the erection of the necessary fixtures, including posts, piers or abutments for sustaining the cords or wires of such lines, provided the same are not so constructed as to incommode the public use of such roads or highways, or to impede the free access to any house or other building erected in the vicinity of the same, or injuriously to interrupt the navigation of such waters. R. S. O. 1877, c. 151, s. 1. 2. Nothing herein contained shall confer on any such asso- Co. not to build bridge ciation or company the right of building a bridge over any over navigable navigable water. R. S. O. 1877, c. 151, s. 2. water. 3. The owner of, or the company owning any telegraph line Duties of -hall, except in cases provided for in the next section, transmit all company in transmitting despatches in the order in which they are received, under a despatches. penalty of not less than $20 nor more than $100, to be recovered, with costs of action, by the person or persons whose despatch has been postponed out of its order. R. S. O. 1877, c. 151, s. 3. to preference. 4. Any message in relation to the administration of justice What mesarrest of criminals, the discovery or prevention of crime, and sages entitled Government messages or despatches, shall always be transmitted in preference to any other message or despatch, if required by persons connected with the administration of justice, or any person thereunto authorized by the Provincial Secretary. R. S. O. 1877, c. 151, s. 4. 5. Her Majesty may, at any time, assume, and for any length Government of time retain, possession of any such telegraph line and of all may assume things necessary to the efficient working thereof, and may for temporarily. the same Her Majesty may assume the property of the line. Mode of set pensation in case of disagreement. the same time require the exclusive service of the operators and other persons employed in working such line, and the company shall give up possession thereof, and the operators and other persons so employed shall, during the time of such possession, diligently and faithfully obey such orders, and receive and transmit such despatches as they may be required to receive and transmit by any duly authorized officer of the Provincial Government, under a penalty not exceeding $100 for any refusal or neglect to comply with the requirements of this section, to be recovered by the Crown for the public uses of the Province, with costs. R. S. O. 1877, c. 151, s. 5. 6. At any time after the commencement of a telegraph line under this Act, and after two months' notice to the company, Her Majesty may assume the possession and property thereof, and thereupon the line and all the property, real or personal, essential to the working thereof, and all the rights and privileges of the company as regards the same shall be vested in the Crown. R. S. O. 1877, c. 151, s. 6. 7. If a difference arises between the company and those tling the com- who act for the Crown, as to the compensation which ought to be paid to the company for any telegraph line and appurtenances taken under section 6 of this Act, or for the temporary exclusive use thereof under section 5, such difference shall be referred to three arbitrators, one to be appointed on the part of the Crown, another by the company, and the third by the two arbitrators so appointed, and the award of any two of the said arbitrators shall be final; and in case of refusal or neglect by the company to appoint an arbitrator, or if the two arbitrators cannot agree upon a third arbitrator, then such arbitrator shall be appointed by any two Judges of the High Court, on application on the part of the Crown. R. S. O. 1877, c. 151, s. 7. Municipal corporations and Joint nies may take nies. C. S. C. c. 67. 8. Any municipal corporation in this Province or any joint stock company incorporated under any Act of the late Province Stock Compa- of Canada or of this Province, may subscribe for and hold stock stock in tele- in any telegraph company incorporated under chapter 67 of graph compa- the Consolidated Statutes of Canada, or any general Act passed subsequently thereto or hereafter passed authorizing the incorporation of such companies, and may pay the amount of such subscription out of any municipal or other funds not specially appropriated to any other purpose, and such municipal corporation may levy money by rate, for paying any such subscription; and shall have such rights as a member of the company, and shall vote upon the stock held by it in such manner and by the intervention of such person or officer, as may be determined by the instrument of incorporation of the company. R. S. O. 1877, c. 151, s. 8. CHAPTER 159. An Act respecting Joint Stock Companies for the Restrictions on right to construct SALE OF ROADS UNDER EXECUTION, ss. 124-128. OFFENCES AND PENALTIES, ss. 128-145. Certain informalities in incorpora- Annual report to County Council, Books to be kept by company, ss. After 21 years municipality may Planting trees, ss. 153, 154. Certain sections to apply to all HE ER MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of Ontario, enacts as follows: 1. This Act may be cited as "The General Road Companies Short title. Act." R. S. O. 1877, c. 152, s. 1. continued them. 2. All companies incorporated for such purposes as are in Existing this Act mentioned, under any former general Acts relating companies to joint stock road companies, before this Act takes effect, how this Act shall subsist and continue, notwithstanding the repeal of such shall apply to Acts, and such companies shall be subject to, and may avail themselves of the provisions of this Act, and in all cases of doubt or ambiguity this Act shall be deemed and taken to be declaratory of the meaning of the said Acts. R. S. O. 1877, c. 152, s. 2. |