Annua meeting. Time for construction of railway extended. 3. The annual meeting of the shareholders shall be held on the second Monday in September in each year. 4. The time limited for the completion of the railway, branches and extensions is extended for five years from the passing of this Act, and if the said railway, branches and extensions are not then completed the powers granted by Parliament for such construction shall cease and be null and void as respects so much of the undertaking as then remains uncompleted. OTTAWA: Printed by SAMUEL EDWARD DAWSON, Law Printer to the Queen's most Excellent Majesty. CHAP. 71. An Act to incorporate the Ottawa, Brockville and [Assented to 7th July, 1900.] WHEREAS a petition has been presented praying that it be Preamble. enacted as hereinafter set forth, 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, declares and enacts as follows: tion. 1. Alexander McLean, James Straton, George Eldon Kidd Incorporaand Charles Willson Farran Gorrell, of the city of Ottawa, Daniel Derbyshire and Daniel Downey, of the town of Brockville, A. E. Baker, Robert W. Watchorn and G. B. Magee of the village of Merrickville, in the county of Grenville, together with such persons as become shareholders in the company, are incorporated under the name of "The Ottawa, Corporate Brockville and St. Lawrence Railway Company," hereinafter name. called "the Company." 2. The undertaking of the Company is declared to be a Declaratory. work for the general advantage of Canada. pro 3. The persons named in section 1 of this Act are constituted Provisional isional directors of the Company. directors. 4. The capital stock of the Company shall be five hundred Capital stock. thousand dollars, and may be called up by the directors from time to time as they deem necessary, but no one call shall exceed ten per cent on the shares subscribed. 5. The head office of the Company shall be at the city of Head office. Ottawa. 6. The annual meeting of the shareholders shall be held on Annual the first Tuesday in September in each year. meeting. Election of directors. Line of railway described. Provisoes. Bond issue limited. Electricity. Ferry. Agreement company. 7. At such meeting the subscribers for the capital stock assembled who have paid all calls due on their shares, shall choose seven persons to be directors of the Company, one or more of whom may be paid directors. 8. The Company may lay out, construct and operate a railway of the gauge of four feet eight and one-half inches, from a point in or near the city of Ottawa, thence through the counties of Carleton, Grenville and Leeds, to a point in or near the town of Brockville, in the said county of Leeds : Provided that, notwithstanding anything in this Act or in any other Act contained, the Company shall not be authorized or have any power to build or operate a street railway in any part of the city of Ottawa or of the village of Hintonburg; and provided further, that the Company shall not build or operate its railway or any branch railway within one mile of the railway of the Ottawa Electric Railway Company at Britannia, in the township of Nepean. 9. The Company may issue bonds, debentures or other securities to the extent of twenty-five thousand dollars per mile of the railway and branches, and such bonds, debentures or other securities may be issued only in proportion to the length of railway constructed or under contract to be constructed. 10. The Company may, in any of the said municipalities except in the city of Ottawa and the village of Hintonburg, for the purposes of its undertaking, erect, use and carry on works for the generation, transmission and distribution of electrical power and energy; and acquire, develop and utilize water and steam power for the purpose of generating electricity for all purposes in connection with its railway and works, and may, in any of the said municipalities except the city of Ottawa and the village of Hintonburg, dispose of any surplus electricity or other power generated by its works, and not required for operating its railway or other works; and acquire exclusive rights in letters patent, franchises or patent rights for the purposes of the works hereby authorized and again dispose thereof. 11. The Company may construct, own and operate a ferry from a point in or near the town of Brockville, in the county of Leeds, across the River St. Lawrence, to a point in or near the town of Morristown, in the state of New York, for the purpose of transporting trains, passengers, goods and merchandise in connection with the business of the Company. 12. The Company may enter into an agreement with the with another Ottawa Electric Railway Company, the Canada Atlantic Railway Company, the Canadian Pacific Railway Company, the Grand Trunk Railway Company of Canada, or the Brockville, Westport and Sault Ste. Marie Railway Company, for conveying or leasing to such company the railway of the Company, in whole or in part, or any rights or powers acquired under this Act, as also the franchises, surveys, plans, works, plant, materials, machinery and other property to it belonging, or form an amalgamation with such company on such terms and conditions as are agreed upon, and subject to such restrictions as to the directors seem fit; provided that Approval of such agreement has been first approved by two-thirds of the shareholders votes at a special general meeting of the shareholders duly in Council. called for the purpose of considering it, at which meeting, shareholders representing at least two-thirds in value of the stock are present or represented by proxy, and that such agreement has also received the sanction of the Governor in Council. and Governor 2. Such sanction shall not be signified until after notice of Notice of the proposed application therefor has been published in the application manner and for the time set forth in section 239 of The Railway Act, and also for a like period in one newspaper in each of the counties through which the railway of the Company runs, and in which a newspaper is published. be filed with 3. A duplicate of the agreement referred to in subsection Agreement to 1 of this section shall, within thirty days after its execution, Secretary of be filed in the office of the Secretary of State of Canada, and State. notice thereof shall be given by the Company in The Canada Gazette, and the production of The Canada Gazette containing such notice shall be prima facie evidence of the requirements of this Act having been complied with. 13. The Company, in connection with its railway and for Wharfs, the purposes of its business, may construct, acquire and main- Brockville. etc., at tain wharfs, docks, elevators and warehouses in or near the town of Brockville, and may collect wharfage, storage and other charges for the use thereof. construction 14. If the construction of the railway is not commenced and Time for fifteen per cent on the amount of the capital stock is not ex- limited. pended thereon within two years after the passing of this Act, or if the railway is not finished and put in operation within five years after the passing of this Act, the powers granted by this Act or by The Railway Act shall cease and be null and void as respects so much of the railway as then remains uncompleted. OTTAWA: Printed by SAMUEL EDWARD DAWSON, Law Printer to the Queen's most Excellent Majesty. |