Cancelment X. If after such enregistration any such Debenture of the and discharge said Company shall be presented at the said Registry Office of Debentures. with the word "Cancelled," and the signature to such word First Direc added of the President or Secretary of the said Company written across the face thereof, the said Registrar, on receipt of a fee of One Shilling and Three Pence in that behalf, and on proof of such signature by the oath of one credible witness, which oath he is hereby authorized to administer, shall forthwith make an entry in the margin of the Register against the Registry of such Debenture, to the effect that the same has been cancelled, adding to such entry the date thereof and his signature; and thereupon such Debenture shall become and be held cancelled, and shall be filed and remain of record in the Said Registry Office. XI. The parties named in the first section of this Act shall tors appointed. be and they are hereby constituted and appointed the first Directors of the said Company, and until others shall be Term of office. named as hereinafter provided, shall constitute the Board of Directors of the said Company, with power to open Stock Books, to make a call upon the shares subscribed therein, to call a meeting of the Subscribers thereto, for the election of other Directors as hereinafter provided, and to lay out the said Railway, and with all such other powers as under the said Railway Clauses Consolidation Act are vested in such Board. Powers, First General XII. So soon as one fifth of the said Capital Stock shall have been subscribed, it shall be lawful for the said Directors, or a majority of them, by public notice to be given at least thirty Notice thereof. days previously in the Canada Gazette, and also at least fifteen First election of Directors. Annual Gene days previously in at least one English and one French newspaper, published in the city of Montreal, and in two of the nearest country papers, to call a first General Meeting of the Shareholders at such time and place as they shall think proper, for the election of nine Directors who shall remain in office until their successors are elected as hereinafter provided. XIII. The Annual General Meetings of the said Company ral Meetings. shall be held thereafter, on the first Monday in the month of May yearly, or on such other day as shall be appointed by any By-law of the said Company, and at such place and hour as Notice thereof. by such By-law shall be appointed; and public notice thereof shall be given at least thirty days previously in the Canada Gazette, and also at least fifteen days previously in at least one English and one French Newspaper published in the City of Montreal; and at every such Annual General Meeting the said private Stockholders shall elect nine Directors of the said Company, to hold office until the next annual General Meeting. Election of Mode of elec XIV. All elections of Directors by the said private Sharetion and qua- holders shall be by ballot; and the nine persons having the lification of greatest number of votes at any election shall be declared elected; Registrar shall be entitled to a fee of Five Shillings currency, and no more, for every such certified copy. VII. The Capital Stock of the said Company shall be the Capital Stock. sum of Two Hundred Thousand Pounds currency, to be divided into sixteen thousand shares of Twelve Pounds Ten Shillings currency each, and shall be raised by the persons and corporations who may become Shareholders in such stock; Shares. and the money so raised shall be applied, in the first place, to the payment and discharge of all fees, expenses and disburse- Application of ments for procuring the passing of this Act, and for making Stock. the surveys, plans and estimates connected with the said Railway; and all the remainder of the said money shall be applied to the making, completing, maintaining and working of the said Railway, and to no other purpose whatever; Provided Proviso as to that the Capital Stock may be increased at any time, if the increase of Company should find it necessary, as provided for by the Rail- Capital. way Clauses Consolidation Act. enregistration VIII. In the borrowing of money by way of loan, the Deben- Form of Detures of the said Company may be in the form given in the bentures: Schedule of this Act marked B, or in any other like form, and their effect and need not be passed before Notaries; and the enregistration, in thereof. the manner hereinafter set forth, of any such Debenture, in the form of the said Schedule, in the Registry Office for the County of Richelieu only, shall perfect the hypothèque thereby created, and such hypothèque shall rank from the date of the presentment of such Debenture for enregistration, irrespectively of the issuing thereof; and every such Debenture, being enregistered and issued, shall be transferable by delivery, and binding to all intents against the said Company and all parties whatsoever, in favor of the bearer thereof, and shall hypothecate in his favor all the lands, wharves, buildings and real property whatsoever of the said Company, including all rails and iron thereto affixed, and all other the appurtenances thereto belonging. of Debentures. IX. The said Company, in case of their requiring the enre- Further as to gistration of any Debentures as aforesaid, shall at their own enregistration expense furnish the said Registrar with a Book or Books having a sufficient number of Copies of the said form of Debenture therein printed one on each page, leaving the requisite blanks, and without any interest Coupons thereto, such Book or Books authenticated in the manner in which the ordinary Registers of such Registrar are by law required to be authenticated; and such Book or Books shall by the said Registrar be received and kept as, and shall be so many Registers of the said Office; and he shall therein enregister the said Debentures, upon production thereof; and he shall certify such enregistration and the date thereof, on each such Debenture; and for such enregistration of and Certificate upon each such Debenture, he shall be entitled to a fee of One Shilling and Three Fee therefor. Pence currency, and no more. 47 * X. Proviso. Company may hold Steam. boats, &c. seal of the said Company affixed to such promissory note or bili of exchange; nor shall the officers of the said Company, signing or countersigning the same or such acceptance or endorsement thereof, be thereby subjected individually to any liability whatever; Provided always, that nothing herein contained shall be held to authorize the said Company to issue any note or bill payable to bearer or intended to be circulated as money or as the notes of a Bank. XIX. The said Company shall have the right to hire, build, purchase, or otherwise acquire, and to take and hold, one or more Steamboats or other vessels to ply as ferry-boats from the Sorel And maintain Terminus of their said Railway or any wharf near the same, Ferry. Proviso. Company may unite with other Rail nies. Proviso, over the River Richelieu or on the River Saint Lawrence, and to take, receive and exact tolls on all manner of goods, chattels, merchandize, horses, animals, vehicles and passengers whatsoever, conveyed over the same: Provided always, that such Ferry or Ferries shall, in such cases, be held and maintained in conformity with any regulations to be from time to time laid down therefor, by the Governor in Council, and that no higher or other rates of toll shall be exacted, taken or received thereat, than such as the Governor in Council by such regulations shall allow. XX. It shall be lawful for the said Company at any time hereafter to unite with any other Railway Company, or with way Compa the Grand Trunk Railway Company of Canada, upon such terms and conditions as may be agreed upon by the Directors of each of such Companies, and thereafter, the Companies so united shall form one and the same Company, or to enter into any other agreement or arrangements as may be agreed upon between the Directors of each of such Companies. Provided always, that no agreement for any such union shall have any force or effect unless and until the same shall have been sanctioned by the votes of a majority of the Shareholders of the said Company present in person or by proxy at a special general meeting of the said Company duly called for that express purpose, in such manner and with such notice as shall be required by the By-laws of the said Company. Public Act. XXI. This Act shall be deemed a Public Act. SCHEDULE A. of Know all men by these presents, that 1, [or we, as the case may le,] A. B., in consideration of paid to me by the Sorel, Drummondville and Richmond Railway Company, the receipt whereof is hereby acknowledged, do hereby grant, bargain, sell, convey and confirm unto the said Company, their successors and assigns, for ever, all that tract or parcel [or those tracts or parcels, as the case may be,] of land situate, [here describe the lands,] the same having been selected and and laid out by the said Company for the purposes of their Railway; To have and to hold the said lands and premises, with all appurtenances thereto, to the said Sorel, Drummondville and Richmond Railway Company, their successors and assigns for ever. [here add clause for release of Dower, if any.] Witness my hand and Seal, [or, our hands and Seals, as the case may be,] this in the year of our Lord, day of one thousand eight hundred and Signed, sealed, and delivered in presence of L. M. N. O. A. B. [L. S.] SCHEDULE B. THE SOREL, DRUMMONDVILLE AND RICHMOND RAILWAY. No. £ sterling, [or, currency, as the case may be.] This Debenture witnesseth that the Sorel, Drummondville and Richmond Railway Company, under authority of the Statute of the Province of Canada, passed in the eighteenth year of Her Majesty's Reign, intituled, An Act to incorporate the Sorel, Drummondville and Richmond Railway Company, are indebted to the bearer hereof in the sum of sterling [or currency, as the case may be,] as a loan, to bear interest from the date of the issue hereof, at the rate of per centum per annum, payable half yearly on the day of day of ; which said sum of day of and on the sterling, [or in the currency, as the case may be,] the said Company hereby bind and oblige themselves to pay on the year of our Lord, one thousand eight hundred and the bearer hereof, at and also to pay the interest thereon, half yearly as aforesaid, to the bearer hereof, at the place aforesaid, on delivery of the Coupons therefor, now forming part hereof. And for the due payment of the said sum of money and interest, the said Company, under authority of the said Statute, do hereby hypothecate the real estate and appurtenances hereinafter described, that is to say, the whole of the Railway, known as the Sorel, Drummondville and Richmond Railway, and all branches thereof, including all the lands, wharves, buiklings and real property whatsoever of the said Company, and all rails and iron thereto affixed, and all the other appurtenances thereto belonging. President of the said In testimony whereof, A. B. of Company, hath hereto set his signature and affixed the common seal seal of the said Company, at in the year of our Lord ond thousand eight hundred and A. B. [L. S.] Countersigned and entered. C. D., Secretary. I certify that this Debenture was duly presented for enregistration in the Registry Office for the County of Richelieu, on the in the year of our Lord day of one thousand eight hundred and clock in the of the noon, and is accordingly enregistered in the Register for such Debentures marked , at at page number E. F. Issued to L. M. of , this Registrar. day of year of our Lord, one thousand eight hundred and C. D. Secretary. , in the Preamble. rated. CAP. CLXXXIV. An Act to incorporate certain persons under the name and style of The Stratford and Huron Railway Company. W [Assented to 19th May, 1855.] HEREAS it is desirable to incorporate a Company for the construction of a Railway from the Town of Stratford in the County of Perth, to the Town of Southampton in the County of Bruce, or to some other point on Lake Huron, and with branches from some point or points in the main line, to or near the Towns of Penetangore and Sydenham respectively: 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: Certain per- Hendry, |