CAP. XCII.

An Act to amend the Act of Incorporation of the Caughnawaga Ship Canal Company.

[Assented to 14th June, 1872]

HEREAS the Caughnawaga Ship Canal Company have Preamble, represented, by their petition, the necessity of extending the time for the commencement and completion of said canal, and for a larger issue of debentures or bonds of the Company, in proportion to its capital stock; and it is expedient to grant the prayer of the said petition: Therefore Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:

mencement

1. The time for the commencement of the works of the said Time of com Caughnawaga canal shall be extended for a period of two years extended. from the time of the passing of this Act; and the time for its completion shall be also extended to five years from the passing of this Act, notwithstanding anything in the said Act of incorporation as to the time of commencement and completion of the said canal.

pany to borrow money.

2. The said Company may from time to time lawfully borrow, Power to comeither in Canada, or elsewhere, such sum or sums of money as they may find expedient; and may make the bonds, debentures, or other securities they shall grant for the sums so borrowed payable either in currency or in sterling, and at such place or places within or without this Dominion, as they may deem advisable; and may mortgage or pledge the lands, tolls, revenues or other property of the said Company for the due payment of the said sums, and the interest thereon: and the said Company may issue debentures in sums of not less than four hundred dollars currency, at not less than twelve months: Provided always that the sum or sums Proviso: so borrowed, together with the sum or sums raised by stock or limited. subscription, shall not at any time exceed the sum of five millions of dollars, notwithstanding anything in the said Act incorporating the Caughnawaga Ship Canal Company.

amount

САР.

Preamble.

Time for com

the work

extended.

CAP XCIII.

An Act to amend the Act of incorporation of the Ontario and Erie Ship Canal Company.

[Assented to 14th June, 1872.]

HEREAS the Ontario and Erie Ship Canal Company have represented, by their petition, the necessity of extending the time for the commencement and completion of the said canal, and it is expedient to grant the prayer of the said petition: Therefore Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:

1. The time for the commencement of the works of the Ontario mencement of and Erie Ship Canal shall be extended for a period of two years from the time of the passing of this Act; and the time for its completion shall be also extended to five years from the passing of this Act, notwithstanding anything in the said Act of incorporation as to the time of commencement and completion of the said Canal, and although the time prescribed by the said Act for its commencement should have expired before the passing of this

Act.

Preamble.

CAP. XCIV.

An Act to incorporate the Gananoque and Wiltsie
Navigation Company.

[Assented to 14th June, 1872.]

THEREAS an Act was passed by the legislature of the late Province of Upper Canada, in the sixth year of the reign of His late Majesty King William the Fourth, intituled "An Act to incorporate certain persons under the style and title of the Gananoque and Wiltsie Navigation Company;" and whereas the persons hereinafter named and others have, by their petition, represented that the improvements authorized by the said Act were not carried into effect, and that they are desirous that the powers thereby conferred may be revived and extended, so as to empower them to improve the navigation of the rivers. Gananoque and Wiltsie, and the adjacent waters extending to the Rideau Canal; and it is expedient to grant their prayer: Therefore Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:

name.

1. David Ford Jones, Samuel McCammon, Joshua Legge, Junr., Incorporation Henry Green, Reuben P. Colton, Robert Byers, Peter Green, W. and corporate Webster, with all such other persons and corporations as shall become shareholders in the company hereby incorporated, shall be and are hereby constituted a body corporate and politic, by the name of the "Gananoque and Wiltsie Navigation Company."

2. The said Company shall have power to explore the country Powers of through which the Gananoque and Wiltsie Rivers now run, and Company. the waters adjacent thereto leading to the Rideau Canal, and to construct such works as may be necessary to improve the navigation thereof, and to form a continuous navigation from the Rideau Canal to the River St. Lawrence; or, at their option, to connect any points on the said line of navigation by means of one or more short rail or tramways, which said works are hereby declared to be for the general advantage of Canada.

and shares.

3. The capital stock of the said Company shall be fifty thou- Capital stock sand dollars, to be held in shares of twenty dollars each; and the shares of the said capital stock shall, after the first instalment thereon shall have been paid, be transferable by the respective persons subscribing or holding the same to any other person or persons; but no assignment or transfer shall be valid and effectual, Transfer unless it be made with the consent of the Directors, and registered of shares. in the books to be kept by the said Company for that purpose.

Directors nl

4. David Ford Jones, Thomas Cornett, William Webster, Joshua Provisional Legge, Junr., Henry Green, Reuben P. Colton, and William John- their powers. ston are hereby constituted a board of Provisional Directors of the said Company, and shall hold office as such until other Directors shall be appointed under the provisions of this Act by the shareholders; and shall have power and authority to fill vacancies occurring therein; to open stock books and procure subscriptions for the undertaking, to make calls upon subscribers; to cause surveys and plans to be made and executed; and to call a general meeting of shareholders for the election of other Directors as hereinafter provided. The said Directors are hereby empowered to take all necessary steps for opening the stock books for the subscription of parties desirous of becoming shareholders in the said Company, and all parties subscribing to the capital stock of the said Company shall be considered proprietors and partners

in the same.

5. When and so soon as one-tenth part of the said capital stock First general meeting. shall have been subscribed, as aforesaid, and one-tenth of the amount so subscribed paid in, the said Directors or a majority of them, may call a meeting of shareholders at such time and place as they shall think proper,-giving at least two weeks' notice in one or more newspapers published at Gananoque; at which said general meeting, and at the annual general meetings in the following sections mentioned, the shareholders present either in person or by proxy, shall elect not less than three, nor more than

Election of directors.

Annual general meeting and election,

Notice of.

Qualification of Directors.

Company may borrow and grant bonds,

mortgages.

seven Directors (as may be provided by by-law), in the manner and qualified as hereinafter provided; which said Directors shall constitute a Board of Directors, and shall hold office until the first Tuesday in February in the year following their election.

6. On the said first Tuesday in February in each year thereafter, at the principal office of the said Company, there shall be held a general meeting of the shareholders of the Company; at which meeting the said shareholders shall elect a like number of not less than three nor more than seven Directors for the then ensuing year, in the manner and qualified as hereinafter provided; and public notice of such annual meeting and election shall be published one month before the day of election, in one or more newspapers in the village of Gananoque, and the election for Directors shall be by ballot, and the persons so elected shall form the Board of Directors: Provided however that no person shall be elected a Director unless he shall be the holder and owner of at least five shares of the said Company and shall have paid up all calls upon the stock.

7. The said Company may from time to time lawfully borrow, either in Canada or elsewhere, such sum or sums of money as they debentures and may find expedient, and may make the bonds, debentures or other securities, they shall grant for the sims so borrowed, payable either in currency or in sterling, and at such place or places within or without this Dominion, as they may deem advisable; and may mortgage or pledge the lands, tolls, revenues or other property of the said Company for the due payment of the said sums and the interest thereon; and the said Company may issue debentures, in sums of not less than one hundred dollars currency, at not less than twelve months: Provided always that the sum or sums so borrowed, shall not at any time exceed the sum of twenty-five thousand dollars.

Proviso: amount limlted.

Plans, &c.,

to Governor in

approved be. ing work, &c.

fore commenc

8. Before the said Company shall break ground or commence to be submitted the, construction of the above mentioned works, the plans, location Council and and all necessary particulars of the same shall have been submitted to and received the sanction of the Governor in Council: Provided always that the said Company shall, at their own cost and charges, make and maintain such works as may be necessaay to secure the safest and most prompt working of the trains upon any line of railway that their works may intersect; that the charges of watching any such works shall be paid for by the Navigation Duty of Com- Company; that all works rendered necessary by the intersection of any lines of railway shall be submitted by the companies owning the said railway lines, and approved of by the Governor General in Council before being commenced; and that full and proper compensation shall be made to the railway companies for the injury and damage done to their lines by such intersection.

pany as to intersecting railways.

on lands for

Right of entry 9. For the purposes of this Act, the said Company, their deputies, servants, agents and workmen, are hereby authorized

survey, &c.

and

earth, &c.,

navigation.

wharves,

and empowered to enter into and upon any lands and grounds of the Queen's Most Excellent Majesty, not hereinafter excepted, or of any person or persons, bodies politic or corporate or collegiate, or communities or persons whatsoever; and to survey and take levels of the same, or any part thereof; and to set out and ascertain such parts thereof as they shall think necessary and proper for making the said works hereby authorized; and all such works, matters and conveniences as they shall think proper and necessary for making, effecting, preserving, improving, completing, maintaining and using the said intended works; and to dig, cut, trench, get, remove, take, carry away and lay earth, clay, stone, soil, rubbish, trees, roots of trees, beds of gravel or sand or any other matters or things which may be dug or got in the making of any canal, or To deposit in deepening or improving the navigation of any river or rivers, on lands lake or lakes, in connection with and forming part of the intended adjoining navigation, or out of any land of any person or persons adjoining or contiguous thereto, and which may be proper or convenient for carrying on the repairing of the said works, or which may hinder or obstruct the making, completing, and using the same; and the same to lay in or upon the boundaries of any canal, river and lake forming portions of the said navigation, or in and upon the land of any other person or persons adjoining thereto; and also To erect to make, build, erect and set up in and upon the said navigation, or upon the land adjoining or near the same, such and so many wharves, quays, piers, landing places, bridges, tunnels, aqueducts, sluices, rivers, pens for water, tanks, reservoirs, drains, bridges and other ways, roads and works, as the said Company shall think requisite and convenient for the purpose of the said navigation; and also from time to time, to alter, enlarge, amend and repair the works and said works, or any of them for conveying all manner of materials erect worknecessary for making, erecting, altering or repairing, widening or enlarging the said works, or any part thereof; and also to place, lay, work and manufacture the said materials, and erect such workshops, forges, and other erections as they may deem necessary, upon the lands near the said works; and to make, maintain, and alter any places or passages, over, under or through any part of the said navigation; and also to make, purchase, set up and build or passages. construct such tug or tow-boats, barges, vessels or rafts, for the use of the said navigation, as they shall see fit; also to erect and keep in repair any piers, arches or other works, in, upon and across, any To build and rivers, brooks or lakes, for making, using, maintaining and repair- use tugboats. ing the rivers and navigable waters forming part of the said intended navigation, and the towing paths and other conveniences connected therewith; and also to construct, make and do all other General works, matters and things whatsoever, which they shall think powers. necessary and convenient for the making, effecting, preserving, improving, completing and using the said navigation, in pursuance of, and within the true meaning of this Act, they, the [said Company, doing as little damage as may be in the execution of the powers hereby granted, and making satisfaction, in manner hereinafter mentioned, for all damages to be sustained by the owners or occupiers of such lands, hereditaments and tenements.

To alter

shops.

To make