Gambar halaman
PDF
ePub

shareholders of the Port Hood C al Company, Limited, and on the company. And the said deed of transfer and assignment shall be deemed to vest the whole of the undertaking, choses in action, claims and other assets, both real and personal of whatsoever nature, of the Port Hood Coal Company, Limited, in the company, its successors and assigns, forever. And the said mortgage-deed and two indentures of trust shall be liens upon all the properties, assets, franchises, rents and revenues of the company at present owned and possessed, and hereafter to be acquired, by the said company, in the order of priority as set out in the said mortgage deed and indentures of trust. And the Port Hood Coal Company, Limited, and the company (or the directors for the time being thereof), shall have, and be deemed to always have had power to enter into the said scheme of reconstruction and arrangement, and to execute the said deeds of asignment and mortgage-deed and deeds of trust herein before referred to, and to issue as fully paid, upon the terms and conditions as in the said scheme of arrangement provided, the necessary stock of the company for the purpose of carrying the same into effect, and to do all other acts and deeds necessary for the purpose of carrying into effect the said scheme of reconstruction and arrangement. And the stock of the company heretofore issued in pursuance of the said scheme of reconstruction and arrangement is hereby declared to be valid and to be fully paid-up stock.

CHAPTER 166.

An Act to revive Chapter 230, Acts of 1903, entitled, “An
Act to incorporate the Sydney Rink Company, Limited;"

(Passed the 25th day of April, A. D., 1907.)

Preamble.

[blocks in formation]

Whereas, Chapter 230 of the Acts of 1903, entitled, "An Act to incorporate the Sydney Rink Company, Limited," became null and void by reason of non-compliance with section 26 of said Act;

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

1. The said Chapter 230 of the Acts of 1903 is hereby Rights revived. revived with all the powers, functions, rights and liabilities therein contained, as fully and absolutely as if the same had been passed during the present session of the Legislature.

cease.

2. The said Act hereby revived shall become null and When Act shall void if the provisions of Section 26 thereof be not complied with within three years from and after the passing of this Act.

aniended.

3. Section 2, sub-section (b) of said Act, is amended by Section 2 inserting the word "mortgage" between the words "sell"

convey" in the third line thereof.

and "convey

4. Section 5 is amended by striking out the figure 2 and Section 5 substituting therefor the figure 1, in the second line thereof, amended.

[ocr errors]

amended.

5. Section 10 is amended by inserting the word "mort- Section 10 gage between the words "deed" and "lease' in the second line thereof.

6. Section 25 is repealed and the following substituted Section 25 therefor:

repealed.

go into oper

25. This Act shall not go into operation until fifty per When Act shall cent. of the capital stock is subscribed, and twenty-five per ation. cent. of the subscribed stock is paid up.

CHAPTER 167.

An Act to amend Chapter 141, Acts of 1901, entitled, "An
Act to incorporate the Sydney Daily Post Publishing
Company, Limited," and Acts in amend-

[blocks in formation]

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

1. Section 1 of chapter 245 of the Acts of 1903, is repealed Capital. and the following is substituted therefor :

Btock declared valid.

"The capital stock of the company shall be one hundred thousand dollars, divided into four thousand shares of the par value of twenty-five dollars each. Two thousand shares, or fifty thousand dollars of said capital stock, may be issued as preferred cumulative stock, bearing interest at six per centum per annum. A general meeting of the shareholders of the company shall be called to authorize the issue of said preferred stock."

2. The stock of the said company heretofore issued or allotted is hereby declared to have been validly issued and allotted, and said issue is hereby confirmed and declared to be valid and binding to all intents and purposes.

CHAPTER 168.

An Act relating to the Assessment of the Truro
Carriage Company,

(Passed the 25th day of April, A. D., 1907.)

SECTION.

1. Limited assessment.

SECTION.

3. When Act shall cease.

Limited assessment.

Assessed at

actual value in certain event.

When Act shall cease,

2. Assessed at actual value in certain
event.

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

1. The real estate, tools, plant and machinery of the Truro Carriage Company, in the town of Truro, shall be assessed and rated, for the purposes of taxation, at a sum not to exceed twelve hundred dollars yearly, during ten years, such assessment and rating to commence with the assessment next to be made within the town of Truro, after the passing of this Act.

2. In case any of the property mentioned in this Act is not used, or shall cease to be used, by said company, for one year, as, and for such manufacturing establishment, then such property shall be assessed at its usual value in the same way as other real and personal property so assessed in said town.

3. This Act shall cease and determine in ten years from the date of its passage.

CHAPTER 169.

An Act to confirm a Resolution of the Directors of the
Church School for Girls, Limited, to issue Preferred

[blocks in formation]

Whereas, in pursuance of a by-law of The Church School Preamble. for Girls, Limited, made under the provisions of Chapter 182 of the Acts of the Legislature of Nova Scotia, for the year 1898, the directors of the said corporation, on the 23rd day of January, A. D. 1907, passed a resolution for the issue and sale of five thousand shares of preferred stock, in the said corporation, of five dollars each;

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

confirmed.

1. The said resolution of date January 23rd, 1907, is Resolution hereby confirmed and declared valid and effectual for all the purposes and objects for which the same purports to have been passed.

2. The said preferred stock and the shares thereof, when Lien for shares, issued, shall be a first lien upon and bind the real estate of said corporation as effectually and to the same extent as a registered mortgage upon such real estate of the same amount as that from time to time paid up on the said preferred stock.

3. A semi-annual dividend at the rate of six per cent. Dividend, per annum on the sum paid up on the said shares respectively shall be a cumulative first charge upon the net earnings of the corporation.

Preamble.

Section 2 a mended.

Property to be. come part of

CHAPTER 170.

An Act to amend Chapter 136, Acts of 1889, entitled, "An
Act in relation to Trinity Parish, Halifax.”

[blocks in formation]

Whereas, the Rector, Wardens and Vestry of Trinity Parish, Halifax, have purchased the church known as the Garrison Chapel, at the corner of Brunswick and Cogswell Streets, in the city of Halifax, and the same is more suitable for a Parish Church for said parish than the church known as Trinity Church, on the northern side of Jacob Street, in said city, which is constituted the Parish Church of said parish by the Act hereby amended;

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

1. Section 2 of chapter 136 of the Acts of 1889, entitled, "An Act in relation to Trinity Parish, Halifax," is hereby amended by striking out of section two thereof the following words: "and said lot of land shall hereafter form part of said Trinity Parish, and said church shall be the Parish Church of said parish."

2. The church known as the Garrison Chapel, at the Trinity Parish. corner of Brunswick and Cogswell Streets, in the city of Halifax, and the lot of land in which said church stands, shall hereafter form part of Trinity Parish, in said city of Halifax, and said church shall be the Parish Church of said parish.

Corporation.

When Act shall come in force.

3. The Rector, Wardens and Vestry of Trinity Parish, Halifax, shall be deemed for all purposes to be the corporation of said church, known as Trinity Church.

4. Upon it being shown to the satisfaction of the Governor-in-Council that the members of the executive committee of the Diocesan Synod of Nova Scotia, as such, have, by resolution, by a majority vote of those present at a special meeting to be called for the purpose of considering the question, determined that the church known as the

« SebelumnyaLanjutkan »