Majesty's reign, chapter five; in default of which this Act shall become and be null and void and of no effect, and the charter hereby granted, and all and every the rights and privileges thereby conferred shall be forfeited. 7. This Act shall remain in force until the first day of July, Duration ofj in the year of Our Lord, one thousand eight hundred and Act. eighty-one. CHAP. 14. An Act to incorporate the Three Rivers Bank, [Assented to 3rd May, 1873.] THEREAS the persons hereinafter named and others, by their Preamble. petition, have prayed that they may be incorporated for the purpose of establishing a bank in the City of Three Rivers, 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. George Baptist, Ezekiel M. Hart, Henry R. Symmes, Henry Certain perM. Balcer, James Shortis, Uldorie Martel, Denis G. LaBarre, sons incor Sévère Dumoulin, George S. Badeaux, Joseph N. Bureau, Henri porated. G. Malhiot, M.P.P., Charles Lajoie, Flavien Lottinville, Alexander Baptist, Telesphore Normand, Hon. J. J. Ross, M.P., Joseph Gaudet, M.P, Eli Lacerte, M.P., and William McDougall, M.P., and such others as shall become shareholders in the corporation hereby created and their respective executors, administrators and assigns shall be and they are hereby constituted and declared to be a corporation, body corporate and politic, in fact, by and under the corporate name of the "Three Rivers Bank;" and as such Corporate shall have perpetual succession and a common seal, with power to name and break, change and alter the same at pleasure, and also with all general other powers incident to and necessary for the purposes hereinafter declared. powers. 2. The capital stock of the said Bank shall be five hundred Capital Stock, thousand dollars, divided into five thousand shares of one hundred Shares. dollars each; and its chief office shall be in the City of Three Chief office Rivers. 3. The said persons above named shall be Provisional Directors Provisional directors and for the purpose of organizing the said Bank; and they or a subscription majority of them may cause stock books to be opened at such of stock. times and places as they or a majority of them shall think expedient, after first giving two weeks' notice thereof in one or more newspapers published in the City of Three Rivers; upon which stock books shall be recorded the subscriptions of such persons 3 First meeting of Shareholders. Election of Directors, number of, &c. Act 34 V., C. persons as shall desire to become shareholders in the said Bank; and such books shall be kept open at the discretion of the said Provisional Directors, or a majority of them, so long as they shall deem necessary. 4. Whenever the capital stock of the said Bank shall have been subscribed, and one hundred thousand dollars thereof shall have been bond fide paid into some one of the present chartered banks of Canada, it shall be lawful for the said Provisional Directors, or a majority of them, after giving three weeks' notice in one or more newspapers published in the said City of Three Rivers, in the English and French languages, to call a public meeting of the shareholders, to be held at such place in the said City of Three Rivers, as shall be mentioned in such notice, for the purpose of electing Directors, and for other purposes connected with the said Bank. And it shall be lawful at such meeting to elect the requisite number of Directors of the said Bank; and thereupon the duties of the Provisional Directors shall cease, and the Bank may thereupon issue its notes and carry on business : Provided that if less than two hundred thousand dollars shall then have been paid in upon such stock in manner aforesaid, such further sum as shall be required to make up the sum of two hundred thousand dollars shall be called in and paid up within two years thereof. 5. The number of Directors of the said Bank shall be seven, subject to be increased or diminished from time to time by by-law to be passed as provided in the twenty-eighth section of the Act of the Parliament of Canada, passed in the thirty-fourth year of Her Majesty's reign, intituled, " An Act relating to Banks and Banking." 6. The said Act and all the provisions thereof shall apply to 5, to apply. the Bank hereby incorporated in the same manner as if the same were expressly incorporated in this Act, except in so far as such provisions relate specially to Banks in existence before the passing thereof, or to Banks en commandite, or are inconsistent with this Act. Bank shall cate from Treasury a certain time. 7. The said Bank shall obtain from the Treasury Board within obtain certifi- twelve months from and after the passing of this Act, the certificate required by section seven of the said Act, relating to Board within Banks and Banking, passed in the thirty-fourth year of Her Majesty's reign, chapter five; in default of which this Act shall become and be null and void and of no effect, and the charter hereby granted, and all and every the rights and privileges hereby conferred, shall be forfeited. Duration of 8. This Act shall remain in force until the first day of July, in the year of our Lord, one thousand eight hundred and eighty-one CHAP. CHAP. 15. An Act to incorporate "La Banque de St. Jean." [Assented to 3rd May, 1873.] HEREAS the persons hereinafter mentioned have, by their Preamble. petition, prayed that they might be incorporated for the purpose of establishing a bank in the town of St. Johns, in the Province of Quebec, and whereas it is desirable to grant the prayer of their petition: Therefore Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows: persons. 1. Louis Molleur, the younger, M. P. P., Felix G. Marchand, Incorporation M. P. P., Arcade Decelles, Thomas R. Jobson, Isaac Coote, of certain Philibert Baudouin, Jacques Emri Molleur, Joseph P. Carreau, Joseph L'Ecuyer, and all all such other persons as may become shareholders in the corporation to be by this Act created, and their assigns, shall be and they are hereby created, constituted and declared to be a corporation, body corporate and politic, by the name of "La Banque de St. Jean. Corporate name. 2. The capital stock of the said Bank shall be one million of Capital stoek dollars, divided into ten thousand shares of one hundred dollars and shares. each; which said shares shall be and are hereby vested in the several persons who shall subscribe for the same, their heirs, legal representatives and assigns. Stock books. 3. For the organization of the said Bank and for the raising of Provisional the amount of the said capital stock, the persons hereinbefore Directors. mentioned shall be Provisional Directors thereof; and they or the majority of them may cause stock books to be opened after public notice thereof has been given, upon which stock books shall and may be received and subscribed the signatures and subscriptions of such parties or persons as desire to become shareholders in the said Fank and such stock books aforesaid shall be opened at St. Johns aforesaid and elsewhere, at the discretion of the Provisional Directors, and shall be kept and remain open so long as they shall deem necessary; and so soon as five hundred thousand dollars of the capital stock shall have been subscribed upon the stock books aforesaid and one hundred thousand dollars thereof actually paid into some one of the chartered banks doing the business of banking in of shareholders Canada, a public meeting shall be called of the subscribers thereof by notice published in two newspapers of the said town of St. Johns during at least two weeks; such meeting to be held in St. Johns aforesaid at such time as such notice shall indicate and specify; and at such meeting the subscribers shall proceed to elect seven Election of Directors having the requisite stock qualification, who shall from Directors. thenceforward direct the affairs of the said corporation, shall assume the charge of the stock books hereinbefore referred to, and shall remain in office until the second Thursday of January which shall be in the year next after the year in which they are so elected, First meeting Chief place of business. Act 34 V., c. 5, to apply. Certificate of treasury Board within a certain time. and until such time as their successors in office shall be duly and regularly elected; and immediately upon such election being held the functions of the said Provisional Directors shall cease. 4. The chief place or seat of business of the said corporation shall be in the Town of St. Johns, in the Province of Quebec. 5. The Act thirty-fourth Victoria, chapter five, “Relating to Banks and Banking" and all the provisions thereof shall apply, to the Bank hereby incorporated in the same manner as if it were expressely incorporated with this Act, excepting in so far as such provisions may relate only to banking institutions already in exstence or to banks en commandite. i 6. The said Bank shall obtain from the Treasury Board within to be obtained, twelve months from and after the passing of this Act, the certificate required by section seven of the said "Act relating to Banks and Banking," passed in the thirty-fourth year of Her Majesty's reign, chapter five; in default of which this Act shall become and be null and void and of no effect, and the charter hereby granted, and all and every the rights and privileges thereby conferred shall be forfeited. Duration of 7. This Act shall remain in force until the first day of July in the year of Our Lord one thousand eight hundred and eighty-one. Preamble. CHAP. 16. An Act to increase the Capital Stock of the Union Forwarding and Railway Company. [Assented to 3rd May, 1873.] TEREAS the Union Forwarding and Railway Company have by their petition represented that by an Act of the legislature of the late Province of Canada, passed in the twenty-second year of the reign of Her present Majesty, intituled "An Act to incorpora e the Union Forwarding and Railway Company," certain persons therein named, and their successors, were incorporated for the purposes and with the objects in the said Act contained; that the capi tal stock of the Company is by the said Act fixed at two hundred and fifty thousand dollars; that owing to the increase of tra le increased accommodation is required, and that it is necessary that the capital stock of the Company should be increased to five hundred thousand dollars; that the shareholders of the Company 1 ave by resolution affirmed the necessity of such increase, and pray, for an Act to increase the said capital stock to the amount afor aid; and whereas it is expedient to grant the prayer of the d petition: Therefore Her Majesty, by and with the advice and 'consent of the Senate and House of Commons of Canada, tsas follows :— enac creased by shareholders. 1. The shareholders of the said Company, at a general meeting, Capital stock at which two-thirds in value of the shareholders shall be present or may be inrepresented, shall have power from time to time, at such meeting, to vote of the increase the capital stock of the said Company to an amount not exceeding in all the sum of five hundred thousand dollars, to be divided into shares of fifty dollars each; which increase shall be applied wholly to the purposes of the Company, and to no other use whatever; and the payment of such increased stock shall be made. by calls on each shareholder for such sums and at such times as the Board of Directors of the Company shall determine; provided always that at least one month's notice be given of every such call. 2. All and every the provisions of the said Act referred to in the preamble of this Act, shall be applicable to such increased stock. Act 22 V., c. 99, to apply to new stock. CHAP, 17, An Act respecting the Montreal and Champlain Railroad Company. [Assented to 3rd May, 1873.] WHEREAS the Grand Trunk Railway Company of Canada Preamble. heretofore purchased all the lines, assets, rolling stock, franchise, corporate property, shares and rights of every kind of the Montreal and Champlain Railroad Company, subject to the redemption of certain securities mentioned in section five of the Act of the legislature of the late Province of Canada, passed in the session thereof held in the twenty-seventh and twenty-eighth years of Her Majesty's reign, chapter eighty-five; And whereas it is necessary, in order to prevent disputes and confusion, to fix and declare the amounts and order of the said several mortgage securities and charges upon the said lines and property, so sold to and purchased by the Grand Trunk Railway Company of Canada as aforesaid: Therefore Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows: 27, 28 V., c.85 1. The first mortgage and hypothec upon the said railroad and First mortproperty mentioned in the said section five of the said Act twenty-gage and hypothee,' seventh and twenty-eighth Victoria, chapter eighty-five, and so sold to and purchased by the Grand Trunk Railway Company as aforesaid, is hereby declared to be and shall be the sum of one hundred and eighty one thousand four hundred pounds sterling, being the aggregate amount of the bonds or debentures specified in the first schedule to this Act. |