said ballot shall retire, and there shall then and there be chosen by separate ballot, or in such other way as may be fixed, Retirement of from among the members of the said corporation, six other 6 Councillors. persons to be members of the said Council, in the room and place of those retiring. Term of office members of Council. 3. The President, Vice-President, Treasurer and members of officers and of the said Council, save the six ordinary members thereof retiring as aforesaid, shall hold office until others be elected in their stead, at the second annual meeting after their respective elections or until they shall be removed from office or shall vacate the same under the provisions of the said Act, of this Act, or of the by-laws of the said corporation. Quorum of tion. 4. At any annual or other general meeting of the said members of corporation whether for the purpose of electing members the Corpora- of the Council, or for any other purpose, any thirty or more members of the said corporation shall form a quorum, and shall be competent to do and perform all acts which either by the said Act, this Act, or by any by-law of the said corporation, are or shall be directed to be done at any such general meeting; and all general meetings of the corporation shall be held at the place then appointed by the by-laws thereof, for the annual meeting aforesaid. Quorum of Electors and mode of electing 5. At any meeting of the Council of the said corporation, any six or more of the members thereof shall form a quorum, and shall be competent to do and perform all acts which can be done at any such meeting of the said Council. 6. Each and every person then resident in the City of Montreal, and carrying on banking, trade or commerce of members of any kind therein, and having so resided continuously for Corporation. not less than six months, shall be eligible to become a member of the said corporation; and at any general meeting of the corporation, it shall be lawful for any member thereof, to propose any such person as aforesaid, as a candidate for membership therein, and if such proposition shall be seconded by any other member of the corporation then present, such candidate shall be again proposed and ballotted for at the next general meeting, not being less than one week after he shall be so proposed, and in the meantime the name of the person proposed and of his proposer and seconder, shall be posted in a conspicuous part of the usual place of meeting of the said corporation; and if at the meeting at which such candidate shall be ballotted for, not less than three-fifths of the members present shall vote for his admission, he shall thenceforth be a member of the corporation, and shall have all the rights, and be subject to all the obligations which the other members possess or are subject to, and shall be bound by all the by-laws of the said corporation Corporation 7. Notice of all meetings of the said corporation shall be Meetings of given by publishing the same for one week, immediately holled. preceding the day fixed for such meeting, in such newspaper, published in the City of Montreal, as may be ordered. by the Council of the said corporation; and in the event of the said meeting being a special meeting, the object or objects of such meeting shall be mentioned in the notice thereof, and at such meeting no other matters shall be discussed or passed upon than those specified in the notice of such meeting. Council to 8. The Council of the said corporation, or a majority of Power of the members thereof, may at any time call a general meeting call general of the Corporation. meeting. Trade. 9. The delegates from the said corporation to the Domin- Election of ion Board of Trade, shall be elected by ballot at the annual Dominion delegates to meeting in each year, or at any special general meeting, and Board of shall continue to be such delegates until their successors shall be appointed at the next annual or special meeting following their election: Provided always that in the event of the resignation, removal or death of any of the said delegates, the vacancy so created shall be filled up by the Council of the said corporation nominating some member of the corporation to replace such delegate. not to exceed 10. Notwithstanding anything contained in the said Act, Annual value the clear annual value of the real and personal property held of property by the said corporation at any one time may exceed eight $16,000. thousand dollars currency; provided that such clear annual value shall not at any one time exceed sixteen thousand dollars currency. 11. This Act shall come into force on the first day of May Commencenext, and not before. ment of Act. CHAP. 58. An Act to amend an Act to incorporate the Board of [Assented to 8th April, 1875.] WHEREAS the Board of Trade of the Town of Lévis has Preamble. WHE by petition represented that it is expedient that their 35 V., c. 48. Act of incorporation should be amended, in such way that their powers in relation to the election of members should be increased, and it is expedient to grant their prayer: Section 11. amended. Preamble. Incorporation corporate powers. prayer: Therefore Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows: 1. The eleventh section of the Act thirty-fifth Victoria, chapter forty-eight, is hereby amended by adding after the word "Lévis," where it occurs in the first line of the said section, the words "and in the following municipalities, that "is to say-St. Romuald, the Parish of Notre Dame de la Victoire, the Village of Bienville, the Village of Lauzon, " and the Parish of St. Joseph, or having an interest in the “Town of Lévis or in the said municipalities." CHAP. 59. An Act to incorporate the "Banque Saint WHE Jean-Baptiste." [Assented to 8th April, 1875.] HEREAS the persons hereinafter named and others by their petition have prayed that they may be incorporated for the purpose of establishing a bank in the City of Montreal, and it is expedient to grant the prayer of the said petition: Therefore Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows: 1. René Auguste Richard Hubert, the Honorable and general Charles Wilson, Senator; Louis Etienne Avila Valois, Paul Lussier, Alexis Dubord, Edmond Gravel, Joseph Guillaume Guimond, Romain St. Jean, Ezra H. Merrill, Olivier Deguise, Charles Fabien Vinet, George Hyacinthe Dumesnil, Jean Elie Lafond, and such others as shall become shareholders in the corporation hereby created and their respective executors, administrators and assigns, shall be and they are hereby constituted and declared to be a corporation, body corporate and politic, in fact_and_name, and under the name and style of "Banque Saint Jean-Baptiste," and as such shall have perpetual succession and a common seal, with power to break, change, and alter the same at pleasure, and also with all other powers incident to and necessary for the purposes hereinafter declared. Capital and shares, and chief office. Provisional directors and 2. The capital stock of the said Bank shall be two millions of dollars, divided into twenty thousand shares of one hundred dollars each; and its chief office shall be in the City of Montreal. 3. The said persons above named shall be Provisional their powers. Directors for the purpose of organizing the said Bank, and they they or a majority of them may cause stock books to be opened at such times and places as they or a majority of them shall think expedient, after first giving two weeks' notice thereof in one or more newspapers published in the City of Montreal, upon which stock books shall and may be recorded the subscriptions of such persons as shall desire to become shareholders in the said Bank; and such books shall be kept open at the discretion of the said Provisional Directors, or a majority of them, so long as they shall deem necessary. 4. So soon as five hundred thousand dollars of the capital First general stock of the said Bank shall have been subscribed, and one meeting, and hundred thousand dollars thereof shall have been bond fide paid into some one of the present chartered banks of Canada, it shall be lawful for the said Provisional Directors, or a majority of them, after giving two weeks' notice in one or more newspapers published in the said City of Montreal, to call a public meeting of the shareholders, to be held at such place in the said City of Montreal as shall be mentioned in such notice, for the purpose of electing Directors, and for other purposes connected with the said Bank. And it shall Election of be lawful at such meeting to elect the requisite number of directors, Directors of the said Bank, and thereupon the duties of the Provisional Directors shall cease, and the Bank may thereupon issue its notes and carry on business. directors. 5. The number of Directors of the said Bank shall be nine: Number of subject to be increased or diminished from time to time by by-law to be passed as provided in the twenty-eighth section of the Act of the Parliament of Canada, passed in the thirtyfourth year of Her Majesty's reign, intituled, "An Act 34 Viet.,cap.5, relating to Banks and Banking." sec. 28. 6. The said Act and all the provisions thereof shall apply 34 Vict.,cap. 5 to the Bank hereby incorporated in the same manner as if to apply. the same were expressly incorporated in this Act, except in so far as such provisions relate specially to Banks in existence before the passing thereof, or to Banks en commandite, Exception. or are inconsistent with this Act. cate of Trea months, or 7. The said Bank shall obtain from the Treasury Board Bank must within twelve months from and after the passing of this obtain certifi Act, the certificate required by section seven of the said sury Board "Act relating to Banks and Banking," passed in the thirty- within 12 fourth year of Her Majesty's reign, chapter five, in default of charter to be which this Act shall become and be null and void and of no void. effect, and the charter hereby granted, and all and every the rights and privileges hereby conferred, shall be forfeited. 8. This Act shall remain in force until the first day of Duration of July, in the year of Our Lord, one thousand eight hundred Act and eighty-one. СНАР. Preamble. CHAP. 60. An Act to amend the Act to incorporate "The London and Canada Bank," and to change the name thereof to that of "The Bank of the United Provinces." WHEREAS [Assented to 8th April, 1875]. WHEREAS The London and Canada Bank was duly incorporated by an Act passed in the thirty-seventh year 37 V., c. 55. of Her Majesty's reign, chaptered fifty-five, and the Provisional Directors thereof have by their petition prayed that the said Act may be amended by reducing the amounts to be severally subscribed for and paid up before the said Bank commences business, and by extending the time for obtaining from the Treasury Board the certificate required by section seven of “An Act relating to Banks and Banking," and by otherwise amending the said Act of incorporation: Therefore Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows: 34 V., c. 5. Sect. 3 of 37 V., c. 55, repealed. New section substituted. Provisional their powers. 1. Section three of the Act incorporating the said Bank is hereby repealed, and the following substituted in lieu thereof : "3. For the purpose of organizing the said Bank and of raising the amount of the said capital stock, the following persons, that is to say, John McGrover, John Ham Perry, Directors, and Joseph Gould, Edward Douglas Armour, Robert Cassels, Malcolm Cameron, James McDougall, William Darling, Charles H. Gould, and James Metcalf shall be Provisional Directors thereof; and they or a majority of them may cause stock books to be opened after giving due notice thereof,-upon which stock books shall and may be received the signatures and subscriptions of such parties or persons as desire to become shareholders in the said Bank; and such books shall be opened at Montreal and elsewhere at the discretion of the Provisional Directors, and shall be kept open as long First meeting as they shall deem necessary; and so soon as two milof the share- lions of dollars of the said capital stock shall have been subscribed upon the stock books, and two hundred thousand dollars thereof actually paid into some one of the present chartered banks in Canada, and a certificate shall have been obtained from the Treasury Board that it has been proved to their satisfaction that such amounts of the capital have been bond fide subscribed for and paid up respectively, a public meeting shall be called of the subscribers thereof by notice published for at least two weeks in two newspapers of the said City of Montreal,-such meeting to be held in Montreal aforesaid at such time and place holders. therein |