next annual meeting of the Company, and in default of confirmation thereat, shall, at and from that time, cease to have force. directors. 24. At all meetings of the directors a majority of the board Quorum of shall be a quorum for the transaction of business, and all questions of business shall be decided by a majority of votes, and in case of an equality of votes the president, vice-president or presiding director shall give the casting vote in addition to his vote as a director; at all such meetings the president, Who to or in his absence the vice-president, or in the absence of both preside. a director chosen by a majority of the directors present, shall preside. 25. No director or officer of the Company shall become a Officers borrower of any of its funds, nor shall any officer of the Com- may not pany receive, hold, or use any proxy at meetings of the Com- funds nor hold proxies pany. borrow 26. This Act, and the Company, and the exercise of the R.S., c. 34. powers hereby conferred, shall be subject to the provisions of The Insurance Act. OTTAWA: Printed by SAMUEL EDWARD DAWSON, Law Printer to the King's most Excellent Majesty. CHAP. 84. An Act to incorporate the Eastern Townships Railway Company. [Assented to 22nd March, 1907.] WHEREAS a petition has been presented praying that it Preamble. 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: 1. Paul Tourigny, of Victoriaville, Napoléon Rousseau and Incorpora Pierre Désilets, of Ste. Clotilde de Horton, Edmond Vigneau, of tion. St. Samuel de Horton, and Louis Renaud Lavergne, of the town of Arthabaska, in the province of Quebec, together with such persons as become shareholders in the company, are incorporated under the name of "Eastern Townships Railway Corporate Company," hereinafter called "the Company." name. 2. The undertaking of the Company is declared to be a Declaratory. work for the general advantage of Canada. directors. 3. The persons named in section 1 of this Act are constituted Provisional provisional directors of the Company. 4. The capital stock of the Company shall be five hundred Capital stock. thousand dollars. No one call thereon shall exceed ten per cent on the shares subscribed. 5. The head office of the Company shall be in the town of Head office. Arthabaska, in the province of Quebec. 6. The annual meeting of the shareholders shall be held on Annual the first Tuesday in September. meeting. 7. The number of directors shall be not less than five nor Directors more than nine, one or more of whom may be paid directors. Line of railway described. Issue of securities. Agreement. with other companies and with I.C.R. 8. The Company may lay out, construct and operate a railway of the gauge of four feet eight and one-half inches, from a point on the Intercolonial Railway in the municipality of the parish of St. Léonard, in the county of Nicolet, thence crossing the Nicolet river and running in a southeasterly direction to the boundary of the county of Nicolet, thence through the municipalities of Ste. Clotilde de Horton, St. Albert de Warwick, Ste. Victoire d'Arthabaska, the village of Victoriaville, the town of Arthabaska, the parish of St. Christophe, the municipality of West Chester and the village of Chesterville, in the county of Arthabaska, and thence through the municipality of Notre Dame de Lourdes de Ham, the township of North Ham, St. Adrien de Ham, Wotton, St. Camille, South Ham and the township of Dudswell, to the junction of the Quebec Central Railway and the Maine Central Railway in the county of Wolfe, in the province of Quebec. 9. The securities issued by the Company shall not exceed twenty thousand dollars per mile of the railway, and may be issued only in proportion to the length of railway constructed or under contract to be constructed. 10. Subject to the provisions of sections 361, 362 and 363 of The Railway Act, the Company may enter into agreements with all or any of the Companies hereinafter named for any of purposes specified in the said section 361, such companies being the Grand Trunk Railway Company of Canada, the Maine Central Railway Company, and the Quebec Central Railway Company, and also into agreements for such purposes with the Government of Canada with respect to the Intercolonial Railway. OTTAWA: Printed by SAMUEL EDWARD DAWSON, Law Printer to the King's most Excellent Majesty. CHAP. 85. An Act to incorporate the Edmonton, Dunvegan and [Assented to 22nd March, 1907.] HEREAS a petition has been presented praying that it be Preamble. 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: tion. 1. James B. MacDonald, of the city of Winnipeg, in the Incorporaprovince of Manitoba, Donald McLeod and Thomas G. Galligher, of the city of Spokane, in the state of Washington, John A. Sandgreen, of the city of Edmonton, in the province of Alberta, and Clive Pringle, of the city of Ottawa, in the county of Carleton, province of Ontario, together with such persons as become shareholders in the company, are incorporated under the name of "The Edmonton, Dunvegan and British Columbia Railway Corporate Company," hereinafter called "the Company." name. 2. The persons named in section 1 of this Act are constituted Provisional provisional directors of the Company. directors. stock. 3. The capital stock of the Company shall be one million Capital dollars. No one call thereon shall exceed ten per cent on the shares subscribed. 4. The head office of the Company shall be in the city of Head office. Edmonton, province of Alberta. 5. The annual meeting of the shareholders shall be held on Annual the first Tuesday in September. meeting. 6. The number of directors shall be not less than five, nor Directors. more than nine, one or more of whom may be paid directors. |