CHAP. 89.

An Act respecting the Grand Trunk Railway Company of Canada.

[Assented to 12th April, 1907.]

WHEREAS the Grand Trunk Railway Company has by its Preamble.

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:

1. This Act may be cited as The Grand Trunk Act, 1906-7.

Short title.

defined.

2. The expression "the Company" when used in this Act "Company" means the Grand Trunk Railway Company of Canada.

wharfs and

3. The Company may purchase, lease or otherwise acquire Power to or provide, hold, use and enjoy, as well in Canada as in such acquire lands, other places as are deemed expedient for the purposes of the buildings. Company, and either in the name of the Company or in the name of a trustee or trustees for the Company, such lands, water lots,wharfs, docks, dock-yards, slips, warehouses, elevators, hotels, offices and other buildings as it may find necessary and convenient for its purposes, and enter into agreements respecting the use thereof, and sell or otherwise dispose thereof, for the purposes of the Company; and may carry on the business of warehousemen and wharfingers, and charge wharfage and other Warehousing. dues for the use of any such property; and may subscribe for, Shares in take, acquire, hold, guarantee, pledge and dispose of shares, companies. bonds or other securities of any company having for one of its objects the exercise of any of the powers by this section conferred upon the Company.

other

4. The Company may, subject to the provisions of sections Agreements 361, 362 and 363 of The Railway Act, enter into agreements with other for any of the purposes specified in the said section 361, with

companies.

Pension fund.

Contributions

to fund to form part of working

expenses.

Management of fund.

Existing

powers not restricted.

the Canada Atlantic Railway Company and the Pembroke Southern Railway Company, or either of them, or with any other company which now is, or hereafter is, empowered to enter into such agreements with the Company.

5. The Company may, for the purpose of making provision for the payment of allowances to employees after leaving the service, establish a fund to be known as "Grand Trunk Pension Fund," and may from time to time contribute thereto out of the gross earnings of the Company such amounts as the directors determine.

6. Any sums contributed to the said fund by the Company shall be considered as, and form part of, the working expenses of the Company as defined by the agreement set out in the schedule to The Grand Trunk Act, 1893.

7. The directors may make and adopt all such rules, by-laws and regulations not inconsistent with law as they deem proper and necessary for the due and efficient management, administration and disposition of the said fund.

8. Nothing in the preceding sections shall be construed as in any way limiting any powers now vested in the Company, but the powers by this Act conferred shall be held to be in addition thereto.

OTTAWA: Printed by SAMUEL EDWARD DAWSON, Law Printer to the King's most Excellent Majesty.

CHAP. 90.

An Act respecting the Grand Valley Railway

WHER

Company.

[Assented to 12th April, 1907.]

1900, c. 73;

WHEREAS the Grand Valley Railway Company has by its Preamble. petition prayed that it be enacted as hereinafter set forth, 1902, c. 81 and it is expedient to grant the prayer of the said petition: 1906, c. 102. Therefore His Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:

1. The Grand Valley Railway Company, hereinafter called Line of "the Company," may lay out, construct and operate, by any authorized. railway power except steam, a railway of the gauge of four feet eight and one-half inches from a point in the city of Woodstock to and through the town of Ingersoll, in the county of Oxford, to and into the city of London, in the county of Middlesex.

2. Notwithstanding anything in The Railway Act, the Consent of Company shall not construct or operate the said railway along municipality. any highway, street or other public place without first obtaining the consent, expressed by by-law, of the municipality having jurisdiction over such highway, street or other public place, and upon terms to be agreed upon with such municipality.

new s. 4.

3. Section 2 of chapter 91 of the statutes of 1902 is repealed, 1900, c. 73, and the following is enacted as section 4 of chapter 73 of the statutes of 1900:

"4. The capital stock of the Company shall be two million Capital stock. dollars. No one call thereon shall exceed ten per cent on the shares subscribed."

amended.

4. Subsection 2 of section 14 of the said chapter 73 is amended S. 14 by adding at the end thereof the words "nor to bonds issued Limitation of under the authority of section 13 of this Act."

borrowing

powers.

Time for construction of railway limited.

5. If the construction of the railway hereby authorized is not commenced within two years from the passing of this Act, or if the said railway is not completed and put in operation within five years from the passing of this Act, the powers granted by this Act shall cease and be null and void with respect to so much of the said railway as then remains uncompleted.

OTTAWA: Printed by SAMUEL EDWARD DAWSON, Law Printer to the King's most Excellent Majesty.