(3) Such sum or sums as the committee may from time to time set aside from the earnings of the society, after the fixed charges herein before mentioned have been provided for, and which sum or sums shall in no case consist of less than ten per cent. of the net earnings of the society. security. 17. Every person appointed to any office or position Officers to give where he is in receipt, management or expenditure of money for the purpose of the society shall, before entering on the duties of his office or position, give such security as the committee may determine. 18. Members who have paid the entrance fee of one who may vote. dollar, and have fully paid up their shares, are entitled to a vote, and only one vote, at meetings of the society. 19. The committee may from time to time make rules, By-laws. regulations and by-laws, or may make, alter, amend or repeal such by-laws for the management and conduct of the society, subject to this Act and not inconsistent therewith; and such rules, regulations and by-laws, when approved of by a special meeting of the society, called for that purpose, or at a general meeting of the society, shall have the force of law when approved by the Governor-inCouncil. affixing. 20. The society shall paint or affix, and shall keep Painting and 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 society 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 said name, mentioned in legible characters in all notices, advertisements and other official publications of the society; and on all bills of exchange, promissory notes, cheques, orders for money, or goods, purporting to be drawn, made, signed, given or endorsed by or on behalf of the society, and in all bills, invoices, receipts, letters and other writings used in the transaction of the business of the society; and the society shall be liable to a penalty of twenty dollars for every neglect or omission of the name of the society with the word "limited" after it, or forming part of said name in any of the above cases. 21. The society may make, draw, accept or endorse Negotiable promissory notes, bills of exchange, cheques, warehouse paper. receipts, bills of lading, securities under Bank Act, and other negotiable papers or securities, the name of the Manager. When Act shall cease. Head office. When society may commence business. society to be signed thereto or thereon by such officers or agent of the society as the committee, from time to time, authorize in that behalf; and in no case shall it be necessary to have the seal of the society affixed to such promissory notes, bills of exchange or negotiable paper or securities. 22. The society shall, through its committee, appoint a recognized manager, resident in the Province of Nova Scotia, service on whom of all documents shall be held to be sufficient service on the society, and the name and address of such manager or agent shall be filed in the office of the Provincial Secretary. The said manager shall have general control of the business under the direction and control of the committee. 23. This Act shall cease and determine if operations under it are not commenced within three years from the date of its passing. 24. The head office and place of business of the society shall be at Inverness, N. S., or at such other place in Nova Scotia as shall from time to time be determined by the society. 25. The corporatiom may commence business whenever twenty-five per centum of the capital is subscribed, and fifty per centum of the subscribed capital is paid up. Chapter 179, Acts of 1900, added to. CHAPTER 153. An Act to amend Chapter 179, Acts of 1900, entitled, "An (Passed the 28th day of March, A. D., 1907.) Be it enacted by the Governor, Council, and Assembly, as follows: 1. Chapter 179 of the Acts of 1900, is hereby amended by adding thereto the following sections: 2. Chapter 131 of the Acts of 1895, shall be taken to have and to always have had the same force and effect as if chapter 163 of the Acts of 1899, had not been passed. 3. All Acts heretofore done, or hereafter to be done, by, or in the name of the "Nova Scotia Coal and Gypsum Company, Limited," mentioned in section 1 of said chapter 131 of the Acts of 1895, shall be held to be, and always to have been, as valid and effectual as if said chapter 163 of the Acts of 1899, had not been passed. CHAPTER 154. An Act to amend Chapter 205, Acts of 1903, entitled, "An Company, Limited." (Passed the 25th Day of April, A. D., 1907.) SECTION. 1. Section 4 amended. SECTION. 2. Section 19 amended, Be it enacted by the Governor, Council, and Assembly, as follows:: 1. Section four of chapter 205 of the Acts of 1903, en- fec. 4 amended. titled, "An Act to incorporate the Kenamow River Lumber Company Limited," is hereby repealed and the following substituted therefor: (4) The capital stock of the said company shall be two hundred and fifty thousand dollars, divided into two thousand five hundred shares, of one hundred dollars each. amended. 2. Section nineteen of said chapter is amended by strik-Section 19 ing out the word "two," in the second line, and inserting in lieu thereof the word "five.” CHAPTER 155. Preamble. Additional powers. An Act to amend Chapter 88 of the Acts of 1896, entitled, "An Act to incorporate the Liverpool and Milton SECTION. Tramway Company, Limited," as amended Whereas, within the past twelve months a reconstruction of the railway line of the Liverpool and Milton Railway Company, Limited, has been decided upon by said company, and such reconstruction is now in progress, and a plan of survey for such reconstruction line has been made, examined, certified and deposited, in compliance with, or in manner as indicated by the Nova Scotia Railways Act, such survey, covering a new route, line or location beyond the line or route authorized by section six (6) of chapter 88 of the Acts of 1896, as amended by chapter 176 of the Acts of 1900, and it is desirable that such new route, line or location should be duly authorized; Be it therefore enacted by the Governor, Council, and Assembly, as follows: 1. (1) In addition to the rights, powers and provisions in section six of chapter 88 of the Acts of 1896, as amended by chapter 176 of the Acts of 1900, the said company may construct, operate and maintain a line of single track railway or tramway, with all the necessary sidetracks, switches and turnouts, and other appliances for the passage of locomotives, cars, carriages, and other vehicles, upon and along the said new route, line or location so surveyed, as in the foregoing preamble stated; and upon and along such other route, line or location as the Governor-in-Council may approve. (2) Where either public or private rights or property shall be taken or interfered with, or shall be proposed to be taken or interfered with, under this section, the provisions of sections 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29 and 30 of chapter 2 of the Acts of 1902, shall apply to the undertaking of the company as fully as though the same were incorporated into the Act. (3) The award of the arbitrators shall be final and conclusive. CHAPTER 156. An Act to amend Chapter 143, Acts of 1903-04, entitled, "An Act to incorporate the Margaree Coal and SECTION. Railway Company, Limited." (Passed the 25th day of April, A. D., 1907.) SECTION. Be it enacted by the Governor, Council, and Assembly, as follows: pealed and 1. Section 8 of chapter 143 of the Acts of 1903-04, is Section 8 rehereby repealed, and the following section substituted substituted. therefor: (8) The capital stock of the company shall be five hundred thousand pounds, sterling money, divided into five hundred thousand shares of one pound each. company," in amended. 2. Section 20 of said Act is hereby amended by striking Section 20 out the word "make" next after the word the first line of said section, and substituting therefor the word "may." and 3. The last paragraph of section 23 (1) of said Act, be- Section 3 reginning "any foreign corporation" to the word "con-substituted. structed" in said sub-section, is hereby repealed and the following is substituted therefor : "Any British or foreign trust company may act as trustee under said mortgage or deed of trust. But the bonds or debentures, issued under the authority of this Act in respect to the various undertakings of the company, shall not exceed five hundred thousand pounds, sterling money, the amount of the capital stock of the said company. Provided that no issue of bonus or debentures shall be made by the company under the provisions of this Act until a contract with the Government of the Province of Nova Scotia has been entered into for the construction of its railway from Chimney Corner Cove, in the County of Inverness, to a point on the Intercolonial Railway, at or near Orangedale, in the said county, not exceeding in the whole forty-six miles, and for the construction of a railway |