Charlotte, to Woodstock in the County of Carleton, and Branches thereof, shall be increased from five per centum pcr annum, to six per centum per annum, on such capital sum, not exceeding the sum of one hundred thousand pounds, as may be invested in the undertaking aforesaid; and that the faith and credit of the Province shall stand pledged and hereby are pledged to the said Company to make up and pay any deficiency of the clear profits arising from the traffic of merchandise and passengers, and otherwise on the said described Railroad and its branches, whereby the said Company may realize a less annual profit than six per centum on the sum of one hundred thousand pounds, expended in the undertaking, agreeably to the terms, conditions, and specifications of the fifth Section of the said Act of Assembly hereinbefore mentioned.

2. The term of years during which such deficiency of annual profit or interest shall be made up and paid by this Province to the extent of six per centum per annum, on such capital sum of not exceeding one hundred thousand pounds, as shall be invested in the said undertaking, shall be extended from the term of ten years, mentioned in the sixth Section of the Act for facilitating the construction of the said Railroad hereinbefore mentioned, to the term of twenty five years; and that during the said term of twenty five years, the said deficiency, if any, shall be made good by this Province, and shall be paid to the said Company in manner and form and according to the stipulations and conditions mentioned and contained in the said sixth Section of the hereinbefore mentioned Act.

3. And for the further encouragement of the said undertaking;-On the completion of the said part of the said contemplated Railroad, it shall and may be lawful for the said Company, at their own proper costs and charges, and under the supervision of the Surveyor General of the Province, to cause a survey of the ungranted Crown Land on each side of the said Railway, between Saint Andrews and Woodstock, to be made and laid out in lots of forty rods in width, fronting on the said Railroad, and extending back a distance of one mile and a half from the said road; and it shall and may be lawful for the Lieutenant Governor or Administrator of the Government for the time being, and he is hereby authorized and empowered to grant in fee simple to the said Company, free from any

charge, save and except the expenses of the survey as aforesaid, every second or alternate lot on both sides of the said Railroad, not exceeding in the whole the quantity of twenty thousand acres.

4. The fourth Section of an Act made and passed in the tenth year of the Reign of Her present Majesty, intituled An Act to facilitate the making of a Railroad from Saint Andrews in the County of Charlotte, to Woodstock in the County of Carleton, and Branches thereof, be and the same is hereby repealed.

5. Nothing in this Act contained shall be construed to impair or lessen the right of Her Majesty's Government to purchase the said Railroad and its branches, and all other the property of the said Company, thereunto appertaining, on the terms and conditions contained in the eleventh Section of an Act passed in the tenth year of the Reign of Her present Majesty, intituled An Act further to amend and extend the provisions of an Act, intituled "An Act to incorporate the Saint Andrews and Quebec Railroad Company."

6. This Act shall not come into operation or be in force until Her Majesty's Royal approbation be thereunto first had and declared.

[This Act was specially confirmed, ratified, and finally enacted, by an Order of Her Majesty in Council dated the 27th day of June 1848, and published and declared in the Province the 19th day of July 1848.]

12th VICTORIA-CHAPTER 60.

An Act in further amendment of the Acts relating to the incorporation of the Saint Andrews and Quebec Railroad Company.

Section.

1. Repeal of what Section.

2. Number of Directors, and how chosen.

Section.

3. President, by whom chosen; quorum; casting vote, when.

4. Duties of resident and non-resident Directors.

Passed 14th April 1849.

Be it enacted, &c.-1. The second Section of an Act made and passed in the eleventh year of the Reign of Her present Majesty, intituled An Act in addition to and in amendment of an Act further to amend and extend the provisions of an Act, intituled "An Act to incorporate the Saint Andrews and

Quebec Railroad Company," be and the same is hereby repealed.

2. At every annual general meeting of the Saint Andrews and Quebec Railroad Company, it shall and may be lawful for the shareholders present and appearing by proxy, to choose by a majority of votes twenty Directors, being proprietors of at least ten shares each in the said Company; of which Directors thirteen shall be residents of and in this Province, and seven residents of and in that part of the United Kingdom called England; all which Directors, residents in England as well as in this Province, shall continue in office for one year or until others are chosen in their place.

3. The said thirteen Directors, residents of this Province, shall at their first meeting after their election choose one of their number President of the said Company; and five Directors shall form a quorum for the transaction of business, of whom the President shall always be one, except in case of necessary absence, when the Directors present may choose one of their number Chairman for the occasion; and in case of there being an equal number of votes for or against any question before the Board of Directors, the President or Chairman shall have a casting vote in addition to his ordinary vote as a Director.

4. All the powers and duties conferred and imposed upon any Board of Directors mentioned in the Act incorporating the said Company, or any Act in addition to or in amendment of such Act, shall be enjoyed, executed, and fulfilled by the said thirteen Directors residents of this Province; and that the powers and duties of the seven Directors residents of that part of Great Britain called England, shall be such as may be given, granted, and imposed on them by the said Directors resident in this Province, or by any bye law of the said Company, and the same shall be enjoyed, executed, and fulfilled by the said seven Directors under the instructions and control, immediate and final, of the said thirteen Directors, residents of this Province as aforesaid; provided always, that nothing herein contained shall affect, alter, or abridge the powers of the stockholders resident in England as individual members of the Corporation.

12th VICTORIA-CHAPTER 74.

An Act further to facilitate the making of a Railroad from Saint Andrews to Woodstock, with a Branch to Saint Stephen.

1. What lands, and when may be granted 3. Limitation of Act.

to Corporation.

2. When certain sums expended, what spe

cial grants may be made.

4. Suspending clause.

Passed 14th April 1849.

WHEREAS it is deemed advisable that further encouragement should be given to the Saint Andrews and Quebec Railway Company ;—

Be it therefore enacted, &c.-1. On the completion of a Railroad from Saint Andrews in the County of Charlotte, to Woodstock in the County of Carleton, with a Branch to Saint Stephen, in the said County of Charlotte, together with all the station houses, engines, carriages, cars, and other furniture necessary to put the same in good working condition, it shall and may be lawful for the said Company, at their own proper costs and charges, and under the supervision of the Surveyor General of the Province, to survey and lay out all the Crown Lands contiguous to and within five miles on each side of said Railroad; which said quantity of land the said Governor or Administrator of the Government for the time being, by and with the advice of the Executive Council, shall and he is hereby empowered to grant in fee simple to the said Company, free from any charge save and except the expense of survey as aforesaid; provided always nevertheless, that nothing in this Act contained shall extend or be construed to extend to prevent the Executive Government of this Province, if they shall see fit, from disposing of any of the land contiguous to the said contemplated line of Railroad, for actual and immediate settlement, or of disposing of the timber and logs now growing and being thereon.

2. It shall and may be lawful for the Lieutenant Governor or Administrator of the Government for the time being, by and with the advice aforesaid, on satisfactory assurance under outh of the President and Secretary of the said Company, that ten thousand pounds have been actually paid and expended in the construction of the said Railroad, to grant to the said Company in fee simple a portion of the said tract of land, not ex

ceeding ten thousand acres, and so in like manner from time to time to grant a like quantity of land for every additional ten thousand pounds so paid and expended on the said Railroad as aforesaid; provided further, that the whole quantity of land granted shall not exceed the quantity of Crown Lands contained in the above mentioned tract, any thing herein contained to the contrary thereof notwithstanding.

3. This Act shall be and continue in force for ten years from the passing thereof, and no longer.

4. This Act shall not come into operation or be in force until Her Majesty's Royal approbation be thereunto first had and declared.

[This Act was specially confirmed, ratified, and finally enacted, by an Order of Her Majesty in Council dated the 18th day of July 1849, and published and declared in the Province the 8th day of August 1849.]

13th VICTORIA—CHAPTER 1.

An Act relating to the Saint Andrews and Quebec Railroad Company.

Be it enacted, &c.-1. The fourth, fifth, sixth, seventh, eighth, and ninth Sections of an Act made and passed in the sixth year of the Reign of King William the Fourth, intituled An Act to incorporate the Saint Andrews and Quebec Railroad Company, be and the same are hereby repealed; and in lieu thereof,

2. The said Company shall be and are hereby invested with all the powers, privileges, and immunities which are or may be necessary to carry into effect the intentions and objects of this Act; and for this purpose the said Company, their successors, deputies, agents, and assistants, shall have the right