Gazette Publish

ing Company.

(e) To acquire, lease, own, sell and mortgage such real and personal estate as may be necessary for the efficient conduct of the above business.

(f) To do all such other things as are incidental or con-ducive to the attainment of the above objects.

Purchase of 3. The company is given power to purchase for cash, bonds or stock, all or any part of the undertaking, business, franchises, rights and property of the Gazette Publishing Company, and any undertaking or business of a similar character to those which this company may carry on under its charter from any person, firm, or corporation, and the Gazette Publishing Company, Limited, is hereby empowered by a two-thirds vote of its stockholders, represented in person or by proxy, at a general or at a special meeting called for that purpose, to sell all or any part of its undertaking business, franchises and property to this company.

Capital.

General powers.

Limited liability.

4. The capital stock of the company shall be thirty thousand dollars, divided into six thousand shares of five dollars each.

5. The company may sue and be sued, and possess power to make or become parties to promissory notes and bills of exchange, the name of the company to be subscribed thereto or endorsed thereon by such officer or officers of the company as the directors may from time to time determine.

6. No member or director of the company shall be liable for the debts or liabilities of the company to a greater amount in the whole than the amount of stock held by him, deducting therefrom the amount actually paid on account of such stock, unless he shall have rendered himself liable for a greater sum by becoming surety for the debts of the company, but no shareholder who may have transferred his interest in the stock of the company shall cease to be liable to the amount unpaid on shares so held by him for any debt or any contract of the company, entered into before the date of such transfer, so as any action in respect thereof shall be brought within six months after such transfer.

Preferred shares. 7. The company shall be entitled to issue as part of its capital stock, preferred shares of the company, but such preferred shares shall not exceed fifty per cent of the capital stock of the company; and the company may issue

at par value thereof as fully paid up stock, either common or preferred shares of the company, or both; and it may also upon such terms as the directors may deem for the interest of the company, pay and allot such shares in payment of real or personal property, plant, machinery, or materials of any kind. The issue, allotment or payment of such fully paid up stock by the directors of the company, shall be binding upon the company, and shall not be assessable or subject to any calls for any purpose whatsoever, and the holders of said shares, allotted or paid as aforesaid, shall not be subject to any personal liability whatever in respect thereof.

8. The first.meeting of the company shall be held at First meeting. such time and place in the province of Nova Scotia as the above corporators or any two of them shall determine, and of which at least ten day's notice shall be given by mailing a written notice of such time and place, by registered letter, to the address of each of the shareholders of the company, at which or at any subsequent meeting the company may be organized by the election of not less than three directors, and of other necessary officers, and the shareholders present in person or by proxy shall have power to organize the company, establish by-laws, and elect all necessary officers. The first, or any subsequent meeting, may be adjourned from time to time by a majority of votes of subscribers or shareholders present.

9. At all meetings of the company each shareholder Votes of shares. shall be entitled to one vote for each share then held by him. Such vote may be given in person or by proxy, the holder of such proxy being himself a shareholder, but no shareholder shall be entitled either in person or by proxy to vote at any meeting until he shall have paid all the calls upon shares held by him.

directors.

10. Until the first general meeting of the company the Provisional persons named in the first section, or their duly constituted appointees, may open books for subscriptions for shares, and act as directors until a board is elected by the shareholders as herein provided.

disqualified.

11. No director shall be disqualified by his office from Directors not contracting with the company, nor shall any other contract or arrangement entered into by or on behalf of the company with any director of the company or partnership of or in which any director shall be a member, or otherwise interested, be voided; nor shall any director so contracting

Power to borrow.

Painting and affixing.

When Act shall cease.

or being such member, or so interested, be liable to account to this company for any profit realized by such contract or arrangement by reason only of such director holding that office, or of the fiduciary relation thereby established, but no such director shall vote in respect of any such contract or arrangement, and the nature of his interest must be disclosed by him at the meeting of the board at which the contract or arrangement is determined on if his interest then exist, or in any other case at the first meeting of the board after the acquisition of his interest, and before such contract, arrangement or agreement is determined on.

12. The company shall have authority to borrow such sum of money, not exceeding the amount of its subscribed capital, as the directors shall deem necessary for carrying out any of the purposes or objects of this Act, and for securing the payment of the money so borrowed with interest thereon, the company may mortgage its real and personal property, its franchises, privileges, and revenues. All bonds, debentures, or other securities granted for this purpose may be made payable to bearer or transferable by ndorsement or otherwise; but no such bond or debenture shall be made for a less sum than one hundred dollars.

13. The company shall paint or affix, and shall keep painted or affixed, its name with the word "limited" after it or forming part of said name, on the outside of every office or place in which the business of the company is carried on, in a conspicuous position, in letters easily legible, and shall have its name, with the said word "limited" after it, or forming part of its name, mentioned in legible characters in all notices, advertisements, and other official publications of the company; and on all bills of exchange, promissory notes, cheques, orders for money or goods purporting to be drawn, made, signed, given or indorsed by or on behalf of the company, and in all bills, invoices, receipts, letters and other writings used in the transaction of the business of the company, and the company shall be liable to a penalty of twenty dollars for every neglect or omission of the name of the company with the word "limited" after it, or forming part of said name, in any of the above cases.

14. This Act shall cease and determine unless the said company shall be organized within two years from the passage hereof, and actually engaged in business.

15. This Act shall not go into operation until fifty per When Act shall cent. of the capital stock is subscribed, and fifty per cent. of such subscription is paid up in cash.

16. The head office of the company shall be at Glace Bay in the county of Cape Breton.

CHAPTER 154.

An Act to incorporate the Cape Breton Stock Company,
Limited.

Be it enacted by the Governor, Council, and Assembly, as follows:

1. Ernest E. Bissett, of Port Morien, physician; T. Incorporation. Dominic McNeil, of Port Morien, and George B. Burchell, of Port Morien, mine manager, and such other persons as they may in writing associate with them, their successors and assigns, and such other persons as may become shareholders in the company hereby incorporated, are hereby constituted a body corporate by the name of "Cape Breton Stock Company, Limited," hereinafter referred to as company.

the

2. The objects and powers of the company shall be as Objects. follows:

(a) To carry on the business of stock raising and
farming, canning of meats and fish, tanning of
leather and manufacture of woolen goods.

(b) To carry on the business of retail and wholesale
butchers.

(c) To carry on the business of fish merchants, buying, selling and exporting fish.

(d) For the purposes of the company to carry on the business of transportation by steamship or other

wise.

(e) To purchase, take, lease, or otherwise acquire, hold, enjoy and convey any property whether real, personal or mixed, requisite for carrying on the undertakings of the company or deemed so to

be.

(f) To construct, erect, purchase, lease, hire or otherwise acquire any warehouses, buildings or tenements, and own, occupy, use, let, lease, sell, convey or dispose of the same for the purposes of the company.

(g) To acquire the good will of any business within the objects of the company, and any lands, privileges, rights and contracts appertaining to the same, and in connection with any such purchase to undertake the liabilities of the company, association or person.

(h) To sell or otherwise dispose of the whole or any branch or part of the business or property of the company.

(i) To purchase, acquire and hold, letters patent of invention and patent rights of all kinds, and either to sell and dispose of the same or of any rights thereunder, or to manufacture and sell the goods, commodities and articles covered by any such letters patent so acquired.

(j) To acquire by original subscription or otherwise, and to hold, sell, mortgage or otherwise to dispose of shares, whether common or preferred, debentures, debenture bonds, stocks and other obligations of any company carrying on, cr formed for carrying on, any trade or businesswithin the objects of the company.

(k) To purchase, lease, or otherwise acquire, hold and enjoy all the property, franchises, rights and privileges held and enjoyed by any other com