Upon the said proposed company, complying with the foregoing conditions, the said municipality will pay them the said grant of twenty thousand dollars, in time and manner following namely: five thousand dollars at the end of three months after the said proposed company have put in the amount of machinery above mentioned, and have been running three months, and employing at the end of such three months, fifty persons. Fifteen hundred dollars, at the end of one year after the company have commenced manufacturing and are employing one hundred persons. Fifteen hundred dollars, at the end of two years, from the time the company have commenced operations, and are employing one hundred and twenty-five persons; and fifteen hundred dollars at the end of every succeeding year thereafter, till the whole twenty thousand dollars is paid; provided always that the said proposed company continue operations and employed at least one hundred and twenty-five persons continuously, temporary stoppages from any cause not to affect the payment of the grant, if the said company continue in practical operations employing the said number of persons. The said proposed company shall, as security against loss by fire, transfer to said municipality, a policy of insurance for a term of three years, of three thousand dollars, but in case of loss, the amount recovered on said policy, shall be refunded to said company, if they restore the loss or damage and continue operations as before. The factories, power and plan of said company, shall be exempted from all taxes for a period of ten years, from the first day of January, one thousand eight hundred and seventy-nine, should they continue in operations during said period as above stated. Should said proposed company become insolvent at any time, during said term of ten years, or cease manufacturing operations from any cause, for a period of six months, then the payment of said grant, shall cease and lapse, and the said described factories, power and plant of said proposed company, shall immediately thereafter, become liable to taxation as ordinary unexempted real estate. But in case such manufacturing operations cease during such period of six months, owing to the destruction of the property of said company by fire, the said grant and exemption from taxation, shall not lapse, except for the period during which munufacturing operations are suspended, provided said factories are rebuilt in one year from the time they are so destroyed, and the company continue operations as before. The head office of said proposed company to be located in said village of Coaticook. The first payment of five thousand dollars shall be met by municipal bonds or debentures, bearing inte rest at the rate of six per cent per annum, payable half yearly, capital of bonds payable in eleven, twelve, thirteen, fourteen and fifteen years, one thousand dollars each year, denomination of bonds one hundred dollars. each. All subsequent payments to be made in cash. In the event of temporary stoppages in any one year, exceeding six weeks in the operations of said Coaticook Cotton Company, there shall be deducted a pro rata amount from the yearly payment of such year during which the stoppage shall occur. In the event of the said Coaticook Cotton Company securing, by purchase or otherwise, in their own name, or in the name of other parties, the right of water from the lake at the head of the Coaticook river known as: "Lake Averel," they shall as a further consideration of the aforesaid grant, transfer to said municipality, free of charge, one-third of said right. The said proposed Coaticook Cotton Company shall, as soon as the same is legally organized, to entitle it to the benefit of this by-law, enter into a contract with the municipality of the village of Coaticook upon the terms and conditions herein set forth. The amount required to be raised as aforesaid, shall be raised by assessment on the taxable real estate, in said municipality, but said municipal council shall have the right to apply to the payment of said grant, any sums of money which they may receive from other parties or municipalities, by agreement or otherwise, for the purposes thereof, or which they may raise by any special tax or impost for the purpose of meeting and defraying the payments on such grant. The present by-law shall be submitted to the ratepayers of this municipality, and shall not come into force until approved of by them in the manner prescribed by the municipal code of the province of Quebec. CAP. LX X X I An Act to amend the act incorporating the "New HEREAS the [Assented to 31st October, 1879.] WHEREAS the "New City Gas Company of Preamble. Montreal," have petitioned the legislature for amendments to their charter, for further powers and for changing their name, and whereas it is expedient to grant the prayer of the said petition; Therefore, Her Majesty, by and with the advice and consent of the Legislature of Quebec, enacts as follows: 1. It shall and may be lawful for the said company to manufacture and sell gas for heating, cooking and illuminating purposes. Power to manufacture gas. substitute for gas other light. 2. It shall and may be lawful for the said company, in Power to substitution for gas or in connection therewith, or in addition thereto, to manufacture, use and sell electric, artificial galvanic or other artificial light, for the purposes set forth in their act of incorporation and amending acts, and to manufacture, store and sell heat derived from other sources than coal-gas and also steam or other motive power, obtainable by means of any illuminating or heating agent used in the manufactures of the company. patents. 3. It shall and may be lawful for the said company, Power to from time to time, to acquire by purchase or otherwise, acquire any patent or other rights for the manufacture, production, use and sale of electric, galvanic or other artificial light or illuminant or gas for heating or cooking purposes, and to sell the said patent or other rights or any of them, if, in the opinion of the directors, unsuitable for the purpose of the company. heretofore Corp., trans 4. For the purpose of manufacturing and of distribut- Power of the ing said light or illuminant, other than gas, and of manufacturing and of distributing said gas for heating or ferred to the cooking purposes, and said steam or other motive agent new one. or power, the said company shall have and enjoy all the powers and privileges now held and enjoyed by said company, for the manufacture and distribution o' gas for lighting purposes, and shall be subject to all the same Power to enlarge buildings. Certain rights and liabilities, continued. duties that they are now subject to, so far as the said powers, privileges and duties, mutatis mulandis, are respectively applicable for the purposes of this act. For the purpose of manufacturing and distributing such artificial light or illuminant other than gas, and such gas for heating or cooking purposes, and such steam or other motive agent or power as aforesaid, the said company shall have the power, from time to time to erect, alter, improve, enlarge, extend and renew or discontinue works, buildings, store-houses, including places for storing such gas, light, heat or motive power, motors, generators, poles and all other machinery and apparatus upon all lands now owned, leased or used by the said company, or hereafter to be owned, leased or used by the said company as authorized by its charter, and to lay down, set up, maintain, renew and remove in and upon and under the streets, squares and public places of the city of Montreal, and of the adjoining municipalities, all wires, tubes, pipes, poles and posts and all other apparatus to enable the said company to supply and distribute such gas or other light and steam or other motive agent or power. gas to All the provisions made by the said act of incorporation and amending acts, for the protection of the be manufactured and distributed by the company thereunder, and for the protection of the property of the company, and the penalties and liabilities imposed thereby, on any person or persons injuring the same or illegally using the same, shall apply to the gas and artificial light or illuminant and steam, or other motive agent or power as aforesaid, which the company are hereby authorized to manufacture, and to the machinery, wires, apparatus and property of the company required for the manufacture and distribution, and use by the cempany and its customers of such gas and artificial light or illuminant, steam or other motive agent or power as aforesaid. Provided that the rights and powers granted to the said company by this section, to make use of the streets and squares and public places of the city of Montreal and adjoining municipalities, so far as the same relate to steam or other motive agent or power, or to electric, galvanic or other artificial light or illuminant other than gas, shall not be exercised except under and subject to any agreements hereafter to be made between the company and the said municipalities respectively, or of any of them, and under and subject to any by-law or by-laws of the council or councils of the said municipalities, or of any of them, passed in pursuance thereof. tro-motors 5. It shall be lawful for the said company, in addition Power to to the powers granted by their act of incorporation, and acquire electhe various acts amending the same, to manufacture &c; make, buy, sell, lease and let for hire all electro-motors, generators, machines, apparatus, lamps, stoves and other things required for manufacturing, distributing and using the gas manufactured by them for lighting or heating or cooking purposes, and the electric, galvanic or other artificial light or illuminant manufactured by them, and said steam or motive power. 6. The said company on the one part, and any person To supply or municipal or other public corporation or body on the gas, &c. other, may enter into and carry into effect contracts and agreements for one or more years, for and with respect to the supply to such corporation or body of said gas, electric light or other illuminant, and such steam or other motive power as aforesaid, and any fittings required therefor, and such corporation or body may apply their funds and rates for the purposes of this section. c. 61, 7. Section 4 of the act 36 Vict., chap. 61 is amended by S. 4 of 36 V. striking out in the ninth line, the words: "nine and not amended. more than thirteen," and substituting the following seven and not more than nine." c. 61, 8. Section 3 of the act 36 Vict. chap 61 is amended S. 3 of 36 V. by striking out the words: "on the first," and replacing amended. them by the word: "some;" and after the words: "in each year," by adding the words: "as the directors shall appoint 11 V. c. 79, 9. Section 25 of the act of the late province of Canada, S. 25 of 13 & 10 and 11 Vict., chap. 79, is amended by striking out amended. the word "fifty," and replacing it by the word: "seventy-five.” 10. The name of the company shall hereafter be Name of the "The Montreal Gas Company,' but the name of: "The corporation, New City Gas Company of Montreal," shall be used by no other company. 11. Before opening any street in the city of Montreal, Notice to the the company shall send a notice to the city clerk, indi- before opencating the place where the opening is to be made except ing streets. in cases of urgency. 12. This act shall only come into force and effect on Act in force. the first day of March, 1880. |