Section 3, as enacted by Ch. 171, 1914, amended. CHAPTER 146. An Act to Amend Chapter 176, Acts of 1906, entitled, (Passed the 23rd day of April, A. D., 1923). Be it enacted by the Governor, Council, and Assembly, as follows: 1. Section (3) of said Chapter 176 of the Acts of 1906, as enacted by Chapter 171 of the Acts of 1914, is amended by striking out the words "one hundred,' in the first and second lines of said Section (3), and substituting therefor the word "ten." Title amended. Section 1, amended. Section added. CHAPTER 147. An Act to Amend Chapter 159, Acts of 1895, entitled, (Passed the 6th day of April, A. D., 1923). Be it enacted by the Governor, Council, and Assembly, as follows: 1. The title of said Chapter 159 of the Acts of 1895 is amended by inserting the words "and Coal" between the words "Steel" and "Company." 2. Section 1 of said Chapter 159 of the Acts of 1895 is amended by inserting the words "and Coal" between the words "Steel" and "Company" in the sixth line of that section of the said Act. 3. Said Chapter 159 of the Acts of 1895 is further amended by inserting the following section between Sections 1 and 2 of the said Act, to wit: Trenton to be 1. (a) Every employee of the Nova Scotia Steel Employees at and Coal Company, Limited, at its Trenton Plant members. shall become and be a member of and shall contribute to, the Society. Provided, however, that the directors may refuse membership to anyone and may remove anyone from membership in the Society. ed and substi 4. Sections 4, 5 and 6 of said Chapter 159 of the Sections repealActs of 1895 are repealed and the following sections tuted. substituted therefor: 4. The directors of the Society shall consist of Directors. five persons to be elected as provided by the constitution and by-laws of the Society. The directors shall elect a Chairman from their number, and a SecretaryTreasurer, who may or may not be a director. and By-laws. 5. The Society shall have full power and authority Constitution from time to time to make and establish such constitution and by-laws as may be necessary for regulating the affairs and transacting the business of the Society; such constitution and by-laws to be subject to the approval of the Governor-in-Council. to be filed. 6. A copy of the constitution and by-laws of the Certified copy Society, and any amendments to the same, certified by the Chairman and Secretary-Treasurer, shall be filed from time to time in the office of the Provincial Secretary. CHAPTER 148. An Act to Amend Chapter 217, Acts of 1893, "An Act to Incorporate the Greenwood Cemetery Co." (Passed the 23rd day of April, A. D., 1923). Be it enacted by the Governor, Council, and Assembly, as follows: 1. Section 14 of said Chapter 217 of the Acts of Section 14, re1893 is hereby repealed. pealed. Section 6, Chapt. 171, CHAPTER 149. An Act to Amend the Act to Incorporate the Inter- (Passed the 23rd day of April, A. D., 1923). Be it enacted by the Governor, Council, and Assembly, as follows: 1. Section 6 of Chapter 171 of the Acts of 1921 1921, amended. is hereby amended by striking out all the words in said section after the word "stock" in the sixteenth line thereof and by substituting therefor the following words: "to one million five hundred thousand dollars, exclusive of the preference shares issued under the provisions of Section 1 of Chapter 79 of the Acts of 1877 by the issue of new shares of one hundred dollars each, which shall be personal property transferable and assignable as such when authorized by a resolution passed by a majority of the shareholders present in person or by proxy at any general meeting of the Company or at any special meeting of the Company of which special notice has been given pursuant to the by-laws of the Company.'" Section 1, Chap. 182, 1900 amended. Additional rights and powers conferred. 2. Section 1 of Chapter 182 of the Acts of 1900 is hereby amended by adding thereto the following as additional rights and powers conferred upon the Company:— (p) to promote any company or companies for the purpose of acquiring all or any of the properties and liabilities of the Company or for any other purpose which may seem directly or indirectly calculated to benefit the Company; (q) to sell or dispose of the undertaking of the Company or any part thereof for such consideration as the Company may think fit and in particular for shares, debentures or securities of any other company having objects altogether or in part similar to those of the Company; (r) to raise and assist in raising money for and to aid by way of bonus, loan, promise, endorsement, guarantee of bonds, debentures or other securities or otherwise, any other company or corporation with which the Company may have business relations, and to guarantee the performance of contracts by any such company, corporation or by any such person or persons; (s) The Company may distribute any of the property of the Company in specie amongst the shareholders." (t) to mine, sell and deal in coal suitable for briqueting and to carry on the process of briqueting coal and to sell and deal in the same; (u) to manufacture, buy, sell and deal in any products or by-products of coal, and, without limiting the generality of the above, to manufacture, buy, sell and deal in coke, briquettes, manures, dyes, gas and any other products and by-products; (v) to manufacture, distil methylate, buy, sell, and deal in chemicals, spirits, explosives and other chemical compounds and products, either simple or compound, with other substances. 3. Chapter 182 of the Acts of 1900 is hereby Section added amended by adding thereto the following section: 1900. For the amount of any dividend which the directors may lawfully declare payable in money, they may declare a stock dividend, and issue therefor shares of the Company as fully paid or partly paid or may credit the amount of such dividend on the shares of the Company already issued, but not fully paid, and the liability of the holders of such shares shall be reduced by the amount of such dividend. to Chap. 182, CHAPTER 150. Preamble. Capital Stock reduced. Shareholders to receive $10, in lieu of $20, shares held. An Act to further Amend Chapter 133, Acts of 1889, entitled, "An Act to Incorporate the Lunenburg Gas Company, Limited." (Passed the 17th day of April, A. D., 1923). WHEREAS, the Lunenburg Gas Company, Limited, was duly organized under the provisions of Chapter 133 of the Acts of 1889, and its authorized capital of forty-five thousand dollars has been fully subscribed and paid up; And Whereas, the said Company, after carrying on electric lighting operations for years with a plant and equipment representing more than the above mentioned sum, has recently sold and conveyed to the Nova Scotia Power Commission its power plant, representing more than half of its assets, and the shareholders of the said Company, at their annual meeting held on the 19th day of February, 1923, have, by unanimous vote, adopted a resolution in favor of a reduction of the capital stock of the Company to twenty-two thousand five hundred dollars; Be it enacted by the Governor, Council, and Assembly, as follows: 1. The capital stock of the Lunenburg Gas Company, Limited, is hereby reduced from forty-five thousand dollars to twenty-two thousand five hundred dollars, divided into shares of ten dollars each. 2. Each of the present shareholders shall be entitled to receive and hold the same number of ten dollar shares that he now holds of twenty dollar shares |