By-law authorizing sale. Rights of creditors saved. "20. The power to lease, sell, transfer and convey the whole of the property, business, franchises, undertakings, rights, powers, privileges and assets of the Company herein before conferred upon the Company, may be exercised by the directors therof, at any time, if a by-law authorizing them to do so is passed by the votes of the holders of at least two-thirds i value of the subscribed stock of the Company, given in person or by proxy, at a special general meeting of the Company duly called and held for that purpose, or at any annual meeting of the Company." 2. Nothing in, or done in pursuance of, this Act shall affect or impair the rights of the creditors of the Company. OTTAWA: Printed by SAMUEL EDWARD DAWSON, Law Printer to the Queen's most Excellent Majesty. CHAP. 112. An Act respecting the Ontario Mutual Life Assurance Company, and to change its name to "The Mutual Life Assurance Company of Canada." [Assented to 14th June, 1900.] WHEREAS the Ontario Mutual Life Assurance Company Preamble. has, by its petition, prayed that it be 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, enacts as follows: : 1. The name of the Ontario Mutual Life Assurance Com- Name changed. pany is changed to "The Mutual Life Assurance Company of Canada," under which name the said Company shall enjoy all Existing rights the franchises and privileges, and have vested in it all the preserved. rights and assets, and be subject to all the liabilities heretofore held, enjoyed or possessed by, or which have heretofore attached to, the Ontario Mutual Life Assurance Company, and no suit now pending or which may be instituted after the passing of this Act in relation to any matter or thing done previous to the passing of this Act, shall be abated by reason of such change of name, but the same may be continued to final judgment in the name under which it shall have been or may be commenced, and all deeds and other documents heretofore executed or signed, in which the name of the Ontario. Mutual Life Assurance Company occurs, shall hereafter be read, construed or acted upon in all respects as if such changed name was inserted therein instead of the former name. s. 7; 1889, 2. Section 7 of chapter 33 of the statutes of 1878, as amended 1878, c. 33, by section 2 of chapter 96 of the statutes of 1889, is further c. 96, s. 2. amended by striking out therefrom the words "fourth Thursday in May," and inserting in lieu thereof the words "first Thursday in March." Annual meeting, OTTAWA: Printed by SAMUEL EDWARD DAWSON, Law Printer to the Queen's most Excellent Majesty. CHAP. 113. An Act respecting the Ontario Power Company of Niagara Falls. [Assented to 7th July, 1900.] HEREAS the Ontario Power Company of Niagara Falls Preamble. has, by its petition, prayed that it be enacted as hereinafter set forth, and it is expedient to grant the prayer of the 1887, c. 120; said petition: Therefore Her Majesty, by and with the advice 1891, c. 126: and consent of the Senate and House of Commons of Canada, 1899, c. 105. enacts as follows: 1893, c. 89; 1. Notwithstanding anything contained in section 2 of 1899, c. 105. chapter 105 of the statutes of 1899, the time for the completion of the works of the Ontario Power Company of Niagara Falls Time for capable of delivering at least fifteen thousand horse power is extended. extended for six years from the passing of this Act. construction ss. 12 and 13 2. Sections 12 and 13 of the Act incorporating the said 1887, c. 120, Company, being chapter 120 of the statutes of 1887, are amend- amended. ed by striking out the words "city of Toronto" in the third line of section 12 and in the second line of section 13 and by General substituting in lieu thereof the words "town of Niagara Falls meetings. or such other place in Ontario as the board of directors from time to time appoints." OTTAWA: Printed by SAMUEL EDWARD DAWSON, Law Printer to the Queen's most Excellent Majesty. |