assignment, license or otherwise, the right to use any patent invention connected with the purpose aforesaid, and to take or lease, or otherwise acquire, any lands or other property, and the company may sell and convey the same, or any part thereof, by deed or deeds with the usual covenants; (b) To acquire the good will of any business within the objects of this company, and any real or per sonal property, privileges, rights and contracts appertaining to the same, and in connection with any such purchase to undertake the liabilities of any company, association, partnership or person; (c) To sell, lease or otherwise dispose of the whole or any branch or part of the business, undertaking, property or franchises of the company to any other company or companies carrying on or formed for the purpose of carrying on any object similar to any of those of the company hereby incorporated, and this company is hereby authorized and empowered to make such sale, lease or disposal of the whole or any branch or part of its undertaking, business and property upon the vote of two-thirds of the subscribed and paid up shares of this company, present in person or by proxy at a meeting of shareholders duly called to consider the same; (d) To acquire by original subscription or otherwise, and to hold, sell, mortgage or otherwise dispose of shares, stocks, whether common or preferred, debentures, debenture stocks, bonds and other obligations of any company carrying on or formed for carrying on any trade or business within the objects of this company; (e) To apply from time to time any part of the funds, stock, whether common or preferred, bonds, debentures and other obligations of the company for any purpose of the company; (f) When authorized by a two-third vote of the subscribed and paid up shares of the company, the company is hereby empowered to purchase, lease or otherwise acquire, hold and enjoy all the property, franchises, rights and privileges held or enjoyed by any company or companies carrying on, or formed for carrying on, any similar business (g) The company shall have power and authority to CHAPTER 160. An Act to amend Chapter 192, Acts of 1903, entitled, "An (Passed the 28th day of March, A. D., 1907.) Be it enacted by the Governor, Council, and Assembly, as follows: 8 repealed and 1. Chapter 192 of the Acts of 1903 is hereby amended Sections 6, 7 and by repealing sections 6, 7 and 8 thereof, and substituting substituted.; therefor the sections following: 6. (1) The company may from time to time increase the said capital stock to an amount not exceeding in the whole one million dollars, by issuing additional shares of the par or nominal value of fifty dollars each. (2) The company may issue any of the additional shares so issued as preferential shares, provided that the amount of such preferential shares shall not at any time exceed onehalf of the total amount of the stock of the company, including such preferential shares. (3) Every such preferential share shall be of the par value of fifty dollars, and shall be entitled to a preferential dividend, which may be cumulative or otherwise, at the discretion of the shareholders, and may also be given preferential rights as to repayment of capital in the event of a dissolution or winding-up in priority to the other shares for the time being outstanding. (4) The amount of such preferential shares to be issued, the rate of dividend, and the nature of such preferential right, both as to dividend and priority of repayment, may be determined by the company. 7. (1) The company may issue all or any of such additional shares, both preferential and common, as fully paid-up, and may, upon such terms as the directors deem in the interests of the company, allot the same in payment for property or rights of any description, or for services of any description performed for the company, or for the good-will, property and liabilities of any business, or for the franchises, capital stock, property, rights and privileges of any company, or for any other object for which the funds of the company might properly be applied. of (2) The issue and allotment in payment by the directors any such shares as fully paid-up shall be binding upon the company, and any shares so allotted shall not be subject to any calls or contributions for any purpose whatever. 8. (1) The company may from time to time issue the bonds or debentures of the company to an amount not exceeding five hundred thousand dollars, in order to raise money for the purposes of the company, and may secure the same by a mortgage of all or any part of the company's property. (2) The amount of any such mortgage, its terms and conditions, and the respective amount, terms and conditions of such bonds or debentures, and the rate of interest to be borne by them, may be determined by the company. CHAPTER 161. An Act to amend the Act to incorporate the Maritime Loan and Mortgage Company, Limited. (Passed the 25th day of April, A. D., 1907.) Be it enacted by the Governor, Council, and Assembly, as follows: 1. The time limited by section 20, chapter 152 of the Time extended. Acts of 1905, entitled, "An Act to incorporate the Maritime Loan and Mortgage Company, Limited," is extended for the period of two years from the date hereof. CHAPTER 162. An Act to Incorporate the National Coal and Mining Whereas, a number of coal and railway companies have Preamble. heretofore been incorporated under the laws of this province, and have perfected organization and commenced operations within the County of Inverness; and Whereas, it is desirable that the expenses of such companies, especially those of management and production, should be lessened, and that all of said companies should be able to secure and command common railway and shipping facilities; and Whereas, it is represented by the hereinafter named incorporators, that such purposes will best be served by a combination or consolidation of said companies, which Incorporation, Objects. combination or consolidation said hereinafter named incorporators have undertaken to attempt to effect; and Whereas, if such combination or consolidation is effected, it is desirable that the nominal capital of the company hereinafter created may be increased as in this Act, provided, and upon payment of the usual fees required by the Rules of the Legislative Council and House of Assembly; Therefore be it enacted by the Governor, Council, and Assembly, as follows: 1. William F. O'Connor, Gerald B. Ternan, Fred M. Switzer, and T. J. N. Meagher, of Halifax, in the County of Halifax, and such other persons as they, in writing, may associate with them, their successors, associates, assigns, and such other persons as may become share or stockholders in the company hereby created, are hereby constituted a body corporate by the name of the "National Coal and Mining Company, Limited," with a common seal, and shall be hereafter referred to as "The Company." 2. The objects of the company shall be as follows: (a) To mine, quarry, work, mill and prepare for sale by any process, and to carry, sell and deal in, coal, coke, iron-stone, gold, tin, copper, and copper ores, manganese, and other minerals, clays, or mineral substances, and generally to carry on the trades of mine and coal owners, iron masters, founders, smelters of metals, quarrymen, ore and metal dealers, and to transport on land and water, from places in the Province of Nova Scotia, freight and passengers; (b) To purchase or acquire any interest in, and to hold, use or occupy any lands, buildings, coal and other mines, minerals, mining or other rights, easements or privileges, and the company may sell and convey the same by deed or deeds, with the usual covenants; (c) To let or sub-let for building, mining or any other purpose, any property, and to give and grant any rights, licenses, easements or privileges; |