authorized, to der of the said deemed by the first day of March, one thousand eight hundred and sixtyone; and whereas there is reason to believe the said Grand Trunk Railway Company may not meet or redeem the payment of the balance due as aforesaid, or to be due on the said bonds or debentures at the period and periods fixed for such payment and redemption; and whereas the said Corporation have no funds at their disposal with which to meet or redeem the payment of the said bonds or debentures at maturity, and it is expedient that some provisions should be made to enable the said Corporation to take up or redeem the said bonds or debentures at their maturity, in the event of the said Grand Trunk Railway Company failing to do so;-Therefore, for Loan of $350,000 the purpose of enabling the said Corporation to pay the instal- pay off remainment due as aforesaid on the first of September, one thousand loan, if not reeight hundred and sixty-one, on the said bonds or debentures, Grand Trunk Railway Comand also the last two instalments thereof, to be respectively pany. due as aforesaid, on the first of October, one thousand eight hundred and sixty-three, and the first of September, one thousand eight hundred and sixty-five, and the interest thereon, if not previously redeemed by the said Grand Trunk Railway Company, the said Corporation may and they are hereby authorized to borrow a sum of three hundred and fifty thousand dollars, and to issue, under the hand of the Mayor and the seal of the said Corporation, debentures or bonds, payable twenty years after the date of the issue thereof respectively, and bearing interest payable semi-annually on the first days of May and November, in each and every year, and at a rate not exceeding six per centum; and all such debentures or bonds may be issued from time to time, at such periods, and for such amounts as may be deemed necessary, and they may have coupons annexed to them, in the same manner and form as the bonds or debentures referred to and authorized to be issued by the first and second sections of this Act, and generally all the provisions of the first, second and third sections of this Act, as to the debentures to be issued under the authority of the same, shall apply to the debentures or bonds to be issued under the present section, except only in so far as they may be inconsistent with the present Debentures, visions shall and what pro apply to them. Proviso. Proviso. Inconsistent enactments repealed. Public Act. section; Provided, however, that nothing herein contained shall in any way interfere with, alter or affect any right or claim which the said Corporation may have or possess against the said Grand Trunk Railway Company of Canada, as regards the payment of the original bonds or debentures granted by the said Corporation to the said St. Lawrence and Atlantic Railroad Company as aforesaid, and that the obligation to redeem the said bonds or debentures, and interest thereon, at maturity, assumed by the said Grand Trunk Railway Company, as aforesaid, shall continue to have its full effect and remain in force, notwithstanding any thing contained in the present Act; Provided, also, that nothing in this section shall be construed to exempt or relieve the said Grand Trunk Railway Company from any of the liabilities incurred or assumed by them, in regard to the payment of the said bonds or debentures, by the amalgamation of the said Grand Trunk Railway Company with the said St. Lawrence and Atlantic Railroad Company as aforesaid, and the agreement entered into, as aforesaid, between those two Companies on the twelfth of April, one thousand eight hundred and fiftythree. 5. All the provisions of any law inconsistent with the provisions of this Act shall be and the same are hereby repealed. 6. This Act shall be held to be a Public Act. (18 VICTORIA, CAP. 142.) An Act to transfer to the City of Montreal, all the property, rights and privileges heretofore enjoyed by the Wardens of the House of Industry, in the City of Montreal, and for other purposes. W (Assented to 19th May, 1855.) HEREAS by an Act of the Legislature of Lower Preamble. Geo. III, c. 15. of King George the Third, intituled, An Act to establish a Act of L. C., 58 House of Industry in the City of Montreal, a corporation and body politic and corporate by the name of the Wardens of the House of Industry in the City of Montreal, was erected and established for carrying into effect the last will and testament of the late John Conrad Marsteller, who died on the seventeenth day of May, one thousand eight hundred and eight, having by his said will bequeathed certain real and immovable estates, and the rest, residue and remainder of all and every his estate, property and effects, after payment of his debts and legacies, for the purpose of establishing in the said City of Montreal, a House of Industry; and whereas the said Corporation so established hath been found ineffectual for the proper establishment and management of the said House of Industry, and the benevolent intentions of the said John Conrad Marsteller in bequeathing the aforesaid estate and property are thereby likely to be defeated, unless the control and direction of the affairs of the said House of Industry be transferred to and vested in other management; And whereas by the joint petition of the said Wardens of the said House of Industry and of the Corporation known as The Mayor, Aldermen and Citizens of the City of Montreal, it is prayed that the powers, rights and privileges conferred on The said Act, and the 7th Geo. the said Wardens by the aforesaid Act, as well as the property, estate, chattels and effects of the said House of Industry so incorporated, may be transferred to and made to vest in the said Corporation, known as The Mayor, Aldermen and Citizens of the City of Montreal, and the entire management and control thereof in future be confided to them, and that such further powers may be granted to them for the making of By-laws and the appointment of overseers and other officers for the well governing and management of the said House of Industry and of the estate and property thereof, as may by them be deemed necessary effectually to carry out the object of the late John Conrad Marsteller, as expressed in his said will; And whereas it is believed that the purposes for which the said late John Conrad Marsteller so bequeathed the said property will be more effectually accomplished by such transfer of the said estate, property and effects to the said Mayor, Aldermen and Citizens of the City of Montreal: Be it therefore enacted by the Queen's Most Excellent Majesty, by and with the advice and consent of the Legislative Council and of the Legislative Assembly of the Province of Canada, constituted and assembled by virtue and under the authority of an Act passed in the Parliament of the United Kingdom of Great Britain and Ireland, and intituled, An Act to re-unite the Provinces of Upper and Lower Canada, and for the Government of Canada, and it is hereby enacted by the authority of the same, as follows: 1. From and after the passing of this Act, the said Act of IV, c. 4, and 9 the Parliament of Lower Canada, passed in the fifty-eighth year of the reign of King George the Third, chapter fifteen, Geo. IV, c. 43, amending it, repealed. Property now held for the and the several Acts of the said Parliament of Lower Canada amending the same, passed in the second year of the reign of King George the Fourth, in the seventh year and in the ninth year of the said reign, shall be and the same are hereby repealed. 2. From and after the psssing of this Act, the real or said Institution immovable estates, and the rest, residue and remainder of transferred to of Montreal. the Corporation all and every the estates, property and effects, after the payment of his just debts and legacies, left by the said late John Conrad Marsteller under and by virtue of his said last will and testament, for the purpose of establishing in the said City of Montreal a House of Industry, and all and every the real and personal estate, property, chattels and effects in any way belonging and pertaining to the said Corporation or body politic and corporate, known as The Wardens of the House of Industry in the City of Montreal, in the hands and possession of whomsoever the same may be, shall vest in and become and be the property of the said Mayor, Aldermen and Citizens of the City of Montreal, for the purpose of sustaining and keeping up in the said City of Montreal a House of Industry, as contemplated and provided for by the said will of the said late John Conrad Marsteller; and the said Mayor, Aldermen Powers of the and Citizens of the City of Montreal shall and may take and to such proclaim, and if necessary, sue for and recover the same, of and from the said Wardens and every of them, and of and from every other person or persons in whose possession the same or any part thereof is, may be, or be found. Corporation as perty.. empowered to maintain a try in the city, and to make By laws for its gov ernance. 3. The said Mayor, Aldermen and Citizens of the City of Corporation Montreal, are hereby authorized and empowered to establish, establish and sustain and keep up a House of Industry in the said City of House of IndusMontreal, and to use and apply the property, estates, moneys, chattels and effects by this Act declared to be vested in and to become the property of the said Mayor, Aldermen and Citizens of the City of Montreal, for the purpose of establishing, sustaining and keeping up the said House of Industry, and from time to time to make and pass such. By-laws, Rules and Regulations for the management and direction of the said House of Industry, as they may think fit, provided the same are not repugnant to the laws in force in this Province; and from time to time to appoint, discharge and re-appoint such overseers and other officers as they may deem it necessary to appoint for the management of the said House of Industry. have power to 4. The said Mayor, Aldermen and Citizens of the City of Corporation to Montreal, at all times hereafter, shall and may have power acquire and and authority to purchase, take, acquire and hold by will, for the purposes gift or otherwise, lands, tenements, real and immovable tion." hold property of the Institu |