20. Minutes of all resolutions and proceedings at every such meeting as aforesaid shall be made and duly entered in books, to be from time to time provided for that purpose by the trustees at the expense of the Company, and any such minutes as aforesaid, if purporting to be signed by the chairman of the meeting at which such resolutions were passed or proceedings had, shall be conclusive evidence of all matters therein contained, and until the contrary is proved, every such meeting in respect of the proceedings, of which minutes have been made, shall be deemed to have been duly held and convened and all resolutions passed thereat or proceedings had to have been duly passed and had. The foregoing is the second schedule to the annexed mortgage or deed of trust. OTTAWA: Printed by SAMUEL EDWARD DAWSON, Law Printer to the King's most Excellent Majesty. CHAP. 74. An Act respecting the Canadian Pacific Railway [Assented to 22nd March, 1907.] WHEREAS the Canadian Pacific Railway Company has by Preamble. its petition prayed that it be enacted as hereinafter set forth, and it is expedient to grant the prayer of the said petition: Therefore His Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows: on Toronto 1. The limit of thirty thousand dollars per mile to the amount Issue of of bonds which the Company may issue secured exclusively securities upon any branch line of railway fixed by section 1 of chapter Sudbury 51 of the statutes of 1888, is hereby extended to forty thousand branch. dollars per mile in respect of the branch line of railway from Romford, on its main line, to Bolton, on the line of the Ontario and Quebec Railway, and known as the Toronto-Sudbury branch, a distance of about two hundred and twenty-eight miles, subject, however, to all the other provisions of the said chapter 51, and of section 4 of chapter 56 of the statutes of 1887, in respect of the application of the proceeds of such bonds and of the manner in which they shall be secured and issued and the disposition of their proceeds provided for, and such bonds may be issued only in proportion to the length of railway constructed or under contract to be constructed. construction 2. Unless the railway from a point at or near Otterburne on Time the Company's Emerson branch, thence southeasterly to a point extended for at or near Stuartburne in township two, range six, east, which of line the Company was authorized to construct by chapter 55 of the authorized statutes of 1900, is commenced within two years and completed and put in operation within five years after the passing of this Act, the powers granted by Parliament for the construction by 1900, c. 55. Lines of railway in thereof shall cease and be null and void with respect to so much of the said railway as then remains uncompleted. 3. The Company may construct, acquire and operate ali or Alberta and any of the following lines of railway in the provinces of Alberta Saskatchewan and Saskatchewan, that is to say: authorized. (a) A line from a point in townships 32 to 34, range 21 to 23 west of the second meridian, in a northerly direction into the town of Prince Albert, a distance of about one hundred and thirty miles; (b) A line from a point on the Pheasant Hills branch of the Canadian Pacific Railway in township 39 or 40, range 19 or 20 west of the third meridian, in a northerly and westerly direction towards the Battle River, thence westerly through townships 43, 44 or 45 to a point in range 5 or 6 west of the fourth meridian; thence southerly and westerly crossing the Pheasant Hills branch of the Canadian Pacific Railway to a junction with the Lacombe extension of the Calgary and Edmonton Railway in township 36, 37 or 38, range 11, 12 or 13 west of the fourth meridian, a distance of about one hundred and eighty miles; (c) A line from a point on the proposed extension of the Moosejaw branch of the Canadian Pacific Railway in township 27, 28, 29, 30 or 31, range 4, 5, 6 or 7 west of the third meridian, in a westerly and northerly direction to a junction with the terminus of the Lacombe branch of the Calgary and Edmonton Railway as authorized by chapter 89 of the statutes of 1903; (d) A line from a point on the Pheasant Hills branch of the Canadian Pacific Railway in township 39, 40 or 41, range 3, 4 or 5 west of the fourth meridian, in an easterly and southerly direction to a point in township 30, 31 or 32, range 17, 18 or 19 west of the third meridian, a distance of about one hundred and thirty miles; (e) A line from a point on the Pheasant Hills branch of the Canadian Pacific Railway in township 36, range 6 or 7 west of the third meridian, in a southerly and westerly direction to a point in township 29, 30 or 31, range 10, 11 or 12 west of the third meridian, a distance of about seventy-five miles; (f) A line from Weyburn on the northwestern extension of the Souris branch of the Canadian Pacific Railway westerly through. townships 6, 7, 8 or 9 to a point in range 30 west of the second principal meridian, a distance of about one hundred miles; (g) A line from a point at or near Estevan in a northwesterly direction to a point in township 4, range 22 west of the second meridian, a distance of about one hundred miles; (h) A line from Earl Grey or Bulyea on its Pheasant Hills branch, province of Saskatchewan, or from some point between those places, southwesterly to a point in township 20 or 21, range 21 west of the second meridian; (i) A line from a point in township six, seven, eight or nine, range thirty west of the second principal meridian, in a west erly direction to a connection with the Crows Nest Pass branch between range sixteen west of the fourth principal meridian and Lethbridge, a distance of about three hundred and fifty miles; (j) A line from a point on the proposed revision of the Crows Nest Pass branch in township ten, range twenty-three or twenty-four west of the fourth principal meridian in a northerly direction to a point in township fifteen, sixteen, seventeen or eighteen, range twenty-two, twenty-three or twenty-four west of the fourth principal meridian, a distance of about fifty miles. mencement 4. The Company may construct the railway from Stonewall Point of comor Teulon, northwesterly to the east shore of Lake Manitoba, of branch line authorized by chapter 54 of the statutes of 1901 and by chapter changed. 77 of the statutes of 1906, from a point on the extension of its present Stonewall branch north of Teulon instead of from Stonewall or Teulon or from a point on the Company's line between those places as in the said Acts provided. construction 5. If the construction of the lines of railway hereby author- Time for ized is not commenced within two years after the passing of this limited. Act, or if the lines of railway hereby authorized are not completed and put into operation within five years after the passing of this Act, then the powers conferred upon the Company by this Act shall cease and be null and void as respects so much of the said lines as is not commenced within two years and completed within five years as aforesaid. bonds. 6. Subject to the provisions of section 7 hereof, the Com- Issue of pany may issue bonds which shall be a first lien and charge to be secured exclusively upon the lines of railway respectively to be constructed under section 3 of this Act in the same way and with the same effect as if they were branch railways within the meaning of section 1 of chapter 51 of the statutes of 1888, and the said section shall apply accordingly; but the capital of such bonds shall not exceed the rate of twenty-five thousand dollars per mile of such lines of railway respectively, and such bonds may be issued only in proportion to the length of railway constructed or under contract to be constructed. 2. The provisions of sections 136 (excepting subsection 1 R.S., c. 37. thereof) to section 146, both inclusive, of The Railway Act not inconsistent with the Company's "Special Act," as that expression is defined in The Railway Act, shall apply to the bonds to be issued under the authority of this section. consolidated 7. In lieu of the bonds the issue of which is authorized by Issue of this Act the Company may, subject to the provisions of this debenture Act, issue consolidated debenture stock to the same amount, the holders of which shall have equal rights in all respects and stock in lieu of bonds. |