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Public Act.

and binding upon the Company to all intents and purposes as if such Chairman and Clerk were respectively President and Secretary at the time of subscribing and affixing such signatures.

XII. This Act shall be a Public Act, and the Interpretation Act shall apply thereto.

SCHEDULE A

(Referred to in this Act.)

Champlain and St. Lawrence Railroad Company.
Second Mortgage Loan.

Number

£

sterling (or currency.)

This Debenture witnesseth that the Company of Proprietors of the Champlain and St. Lawrence Railroad, under the authority of the Provincial Statute passed in the eighteenth year of Her Majesty's Reign, intituled, An Act to amend and extend the Acts incorporating the Champlain and St. Lawrence Railroad Company, have received from the sum of

and on the

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of
sterling (or currency,) as a loan

to bear interest from the date hereof, at the rate of
per centum per annum, payable half-yearly on the
day of
which sum of
Company bind and oblige themselves to pay on the

day of
sterling (or currency,) the said

to the said or to the bearer thereof; and to pay the interest thereon half-yearly as aforesaid on the production of the coupon therefor, which now forms part of this Debenture. And for the payment of the said sum of money and interest, the said Company, under the power given to them by the said Statute, do hereby mortgage and hypothecate the real Estate and appurtenances hereinafter described, that is to say: The whole of the Railroad from St. Lambert to Laprairie, St. Johns and Rouse's Point, including all the lands at the four termini of the said road and all the lands of the Company within those limits, and all buildings thereon erected, and all and every the appurtenances thereto belonging; And it is further witnessed that the holder of this Debenture shall be entitled, on the surrender thereof to the Company within

years from this date, but not afterwards, to receive an equivalent amount of Shares in the said Company, at the par value thereof, in accordance with the terms of the said Act under which this Debenture is issued.

In testimony whereof

President

of the said Company, hath hereunto set and affixed his signature and the Common Seal of the said Company, at the City of Montreal,

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I certify that this Debenture was duly registered in the Registry Office for the County of

District of day of

at

on the

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in the

noon in the Register

Registrar.

CAP. CLXXVIII.

An Act to remove doubts as to the power of the Ontario,
Simcoe and Lake Huron Railroad Union Company
to construct a Branch Line into the Town of Barrie.
[Assented to 19th May, 1855.]

HEREAS it is desirable to amend the Act passed in the Preamble. twelfth year of Her Majesty's Reign, intituled, An Act 12 V. c. 196 to incorporate the Toronto, Simcoe and Lake Huron Union Railroad Company, as regards the removing of doubts which exist as to the power of the Company to construct a Branch Line into the Town of Barrie Be it therefore declared and enacted by the Queen's Most Excellent Majesty, by and with the advice and consent of the Legislative Council and of the Legislative Assembly of the Province of Canada, constituted and assembled by virtue of and under the authority of an Act. passed in the Parliament of the United Kingdom of Great Britain and Ireland, and intituled, An Act to re-unite the Provinces of Upper and Lower Canada, and for the Government of Canada, and it is hereby enacted by the authority of the same, as follows:

to Barrie.

I. It is and shall be lawful for the said Company, and they Company may are hereby authorized to build, lay down and construct the said makea Bianch Branch Line, from such point of the intersection of their main line as the Directors of the said Company may select and approve, into the Town of Barrie.

II. All the provisions of the Acts incorporating and relating Provisions of to the said Company, do and shall apply to such Branch Line former Acts and Stations erected thereon, and the acquiring of land there- such Branch. to apply to for, in like manner and to all intents and purposes, as if the same had been expressly mentioned and included in such Acts.

III. This Act shall be deemed a Public Act.

46

Public Act

CAP.

Treamble.

Extension of
Railway au-

£300,000

shall have

cent. paid in.

CAP. CLXXIX.

An Act to amend the Charter of the Woodstock and
Lake Erie Railway and Harbour Company.

[Assented to 19th May, 1855.]

HEREAS the Woodstock and Lake Erie Railway and Harbour Company have by their petition, prayed for amendments to their Act of incorporation, and that they may be authorized to extend their road to the Suspension Bridge on the Niagara River, and to St. Thomas in the County of Elgin, and for other purposes, and it is expedient to grant the same: Be it therefore enacted by the Queen's Most Excellent Majesty, by and with the advice and consent of the Legislative Council and of the Legislative Assembly of the Province of Canada, constituted and assembled by virtue of and under the authority of an Act passed in the Parliament of the United Kingdom of Great Britain and Ireland, and intituled: An Act to re-unite the Provinces of Upper and Lower Canada, and for the Government of Canada, and it is hereby enacted by the authority of the same, as follows:

1. As soon as three hundred thousand pounds shall have been subscribed as hereinafter provided for, and the ten per thorized, when cent. paid thereon as hereinafter mentioned, the said Company shall have full power and authority to extend their Railway been subscrib- from Dunnville in the County of Haldimand, to, at or near the ed and 10 per Suspension Bridge across the Niagara River, in the Township of Stamford, in the County of Welland, and also to extend their Railway from Otterville, in the County of Oxford, or from Port Dover, in the County of Norfolk, or from any point between the two last named places, to St. Thomas, in the County of Elgin, and to such extensions all the provisions of Acts to apply the Act incorporating the said Company, and the Act amending the same, and all the powers there by and hereby granted to the said Company, shall extend and apply as fully to all intents and purposes whatever, as to the Railway in the said Acts mentioned, or as they could do if the said extensions had been mentioned in the said Acts as part of the Railway the said Company were thereby authorized to construct; Provided always, that the extension authorized by the Act sixteenth Victoria, chapter two hundred and thirty-nine, shall proceed direct from the town of Simcoe or its immediate vicinity.

Company's

to such ex

tension.

Proviso

Increase of

rized to one

million in all. Value of

11. And whereas it is necessary to increase the Capital Stock autho- Stock of the said Company, and it is expedient that the same be divided into shares of twenty-five pounds each: the Capital Stock of the said Company shall be One Million of Pounds divided into shares of twenty-five pounds each: every five shares now held by the Stockholders of the said Company shall after the passing of this Act be converted into, taken and be held as one share in the said Company; and so much of the clause

Shares altered.

Part of 11 & 15 V. c. 51

clause of the Railway Clauses Consolidation Act with respect relative to to directors, their election and duties as is contained from the Directors to fourteenth to the twenty-third sections of the said clause, both apply to the Company. inclusive, shall be and are hereby incorporated with the Acts hereby amended and with this Act, and so much of the said Acts as may be inconsistent with any of the provisions of the said sections of the said clause of the Railway Clauses Consolidation Act, shall be and the same are hereby repealed; Pro- Proviso: vided always, that the said Company shall cause books of Subscription subscription to be opened in the towns of St. Thomas and Stock Books to be opened Simcoe and at Elgin, and at the Suspension Bridge, for thirty days, at certain and afterwards in such other places as they may from time to places. time appoint, for receiving of subscriptions of persons willing to become subscribers for the purpose of constructing the extensions aforesaid, and for that purpose it shall be their duty, and they are hereby required to give public notice, in one or more newspapers published in the said towns of St. Thomas and Simcoe, of the time and places at which such books shall be opened and ready for receiving subscriptions as aforesaid, and of the persons authorized to receive such subscriptions, and of a Chartered Bank into which the ten per cent. thereon is to be Ten per cent paid, and of the time hereinafter limited for such payment, and to be paid on every person whose name shall be written in such books as a subscribing. subscriber as aforesaid and who shall have paid, within ten days after the closing of the said books, into the Chartered Bank mentioned in such notice, or any of its branches or agencies, ten per centum on the amount of stock so subscribed for, to the credit of the said Company, shall become a member of the said Company, and shall have the same rights and privileges as such, as are conferred on the present Stockholders of the said Company; Provided also, and it is hereby enacted, that such ten per Proviso: for centum shall not be withdrawn from such Bank, or otherwise what purposes applied except for the purposes of such extensions or upon a only such ten resolution of the said Company that the said extensions cannot be withdrawn. be proceeded with for want of means, or upon a forfeiture of the power to make such extensions by reason of non-compliance with the provisions of this Act.

per

cent. may

III. The said Company shall have power, and is authorized Company may in pursuance of any resolution to that effect, adopted at a amalgamate Special General Meeting of the Shareholders, duly convened with any other Company, for that purpose, and by and with the consent of the Municipa- and how. ties now or that hereafter may be interested in the said Company as Bond-holders, or Stockholders, or a majority of them, signified by resolution to that effect, to amalgamate and unite with any other Railway Company in this Province, or to lease or sell their line of road, or any portion thereof, and appurtenances, or the Stock thereof, to any such other Railway Company-or to purchase, buy out, or lease any other such Railway Company, or the Stock thereof-the whole upon such terms and conditions as shall be agreed upon-which said amalgamation, purchase, lease or agreement, such other

46*

Railway

Railway Company is hereby fully authorized to effect with the said Company upon a resolution to be adopted by the majority of the Shareholders of such other Railway Company at a Special General Meeting to be convened for the purpose: and, upon the effecting of any such amalgamation, purchase, lease or agreement, all the rights, privileges and the powers of the Company so amalgamated with, leased or purchased, by this Company, or by such other Company so ainalgamated with, leased or purchased, shall be merged in this Company or in such other Company, and shall be held, used and applied by them in their own name, or in the name of such other Company as shall be expressed in the articles or deed of amalgamation executed by the amalgamating Companies, to all intents and purposes as if the same had been granted originally to the said Company, whose name shall be retained and expressed in such articles of amalgamation, and in addition Proviso as to thereto Provided always, that all such terms and conditions effect of agrec as shall be mentioned and expressed in the Deed or articles of ment to amal amalgamation, shall alone be binding upon the Company so amalgamating, purchasing or leasing, and such amalgamation, purchasing or leasing shall not render such Company liable for any other consideration, matter or thing beyond the said terms and conditions.

gamate.

Qualification of Directors altered.

Sect. 30 of 10

IV. So much of the fifth section of the Act amending the Act incorporating the said Company, passed in the sixteenth year of Her Majesty's reign, chaptered two hundred and thirtynine, which requires that Directors shall hold stock to the extent of twenty-five shares, is hereby repealed; and the qualification of such Directors after the passing of this Act shall be the holding of five shares each, created under the provisions of this Act.

V. The thirtieth section of the Act incorporating the said & 11 V. c. 117 Company shall be and is hereby repealed.

repealed.

their Stock

Municipalities VI. It may be lawful for the Municipalities that have made may convert loans to the said Company, with the consent of the said Cominto a Loan. pany, by virtue of a By-law of such Municipality, passed for that purpose, to change or convert the amount of such loan into stock of the said Company, and upon the reception by the Treasurer of any such Municipality of the scrip for such stock so taken in lieu of such loan, the amount due on account of any such loan or liability shall be discharged,

Stockholders

to vote.

VII. No Stockholder shall be entitled to vote at any elecin arrear not tion of Directors, or at any general or special meeting of the Stockholders of the said Company, who shall not have paid all calls due upon his stock at the time of such election or meetings.

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