Security deeds.

Grants and bonuses.

R.S.C., c. 118.

Limitation

of time for

Company shall apply, mutatis mutandis, to certificates of debenture stock.

21. The Company may, from to time, secure any of the bonds or debentures of the Company by a mortgage or deed of trust, in favour of a trustee for the bondholders or debenture holders, covering all or any of its property, whether real, personal or mixed, and including any ships or shares therein, or securities, powers, rights, or franchises owned or enjoyed by it at the date of such mortgage or deed of trust.

22. The Company may receive from any Government or from any person, or body corporate, municipal or politic, who has power to make or grant the same, in aid of the construction, equipment and maintenance of the works and undertakings of the Company, grants of land and hereditaments, loans, gifts of money, guarantees and other securities for money, and may hold and alienate the same.

23. Sections 7 and 18 of The Companies Clauses Act shall not apply to the Company.

24. If the Company does not bona fide commence business commencing under the provisions of this Act within two years from the passing of this Act, this Act shall then be null and void and of no effect.

business.

OTTAWA: Printed by SAMUEL Edward Dawson, Law Printer to the Queen's most Excellent Majesty.

CHAP. 121.

An Act to confer on the Commissioner of Patents certain powers for the relief of the Servis Railroad Tie Plate Company of Canada, Limited.

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[Assented to 7th July, 1900.]

WHEREAS the Servis Railroad Tie Plate Company of Preamble. Canada, Limited, of Moncton, New Brunswick, has, by its petition, represented that on or about the thirtieth day of June, one thousand eight hundred and eighty-seven, it purchased from the Servis Railroad Tie Plate Company of New York, and became the holder and owner of letters patent issued under the seal of the Patent Office as number twenty thousand five hundred and sixty-six, for new and useful improvements on wear plates for railroad ties, which patent was issued on the twelfth day of November, one thousand eight hundred and eighty-four, for a term of fifteen years from the said date; and whereas, after the issuing of the said letters patent, The Patent Act was amended by chapter 24 of the statutes of 1892, which limited the duration of letters patent of invention to the term. of eighteen years; and whereas the said company has represented that it has expended large sums of money in purchasing the patent rights from the original patentee of the said invention, and has expended large sums of money and much time and labour and has used all due diligence in endeavouring to introduce the said invention to the public and to bring it into general use on the railways of the Dominion, but that, without fault or neglect, it has failed to obtain from the use and sale of said invention a reasonable remuneration for the money, time and labour bestowed upon it and upon its introduction into public use; and whereas, unless some extension or renewal of the said patent is granted, the said company will suffer great loss and injury and will wholly lose the money, time and labour expended in endeavouring to bring the said invention into public use; and whereas the said company has by its petition prayed that the said patent be renewed or extended for a further term of six years from the twelfth day of November, one thousand eight hundred and ninety-nine, or for such further or other term as may be just and reasonable in the premises, and it is

Commissioner of patents may extend duration of

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. Notwithstanding anything to the contrary in The Patent Act, or in the letters patent mentioned in the preamble, the Commissioner of Patents may receive from the Servis Railroad letters patent. Tie Plate Company of Canada, Limited, the application for a certificate of payment and the usual fee required for the term of three years, and may grant and issue to the said company the certificate of payment of fees provided by The Patent Act and an extension of the period of the duration of said letters patent to the full term of three years from the twelfth day of November, one thousand eight hundred and ninety-nine; and upon payment of the said fees and receiving the said certificate the said letters patent are hereby extended and renewed and declared to be in force for a term of three years from the twelfth day of November, one thousand eight hundred and ninety-nine.

Rights of

third persons saved.

2. Any person who has, within the period between the twelfth day of November, one thousand eight hundred and ninety-nine, and the extension hereunder of the said letters patent, acquired by assignment, user, manufacture or otherwise any interest or right in respect to such patented article or improvement shall continue to enjoy the same as if this Act had not been passed, and the extension of the said letters patent shall not prejudice any such right or interest so acquired.

OTTAWA Printed by SAMUEL EDWARD DAWSON, Law Printer to the Queen's most Excellent Majesty.

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CHAP. 122.

An Act respecting the Toronto Hotel Company.

[Assented to 7th July, 1900.]

HEREAS the Toronto Hotel Company was incorporated Preamble by chapter 110 of the statutes of 1899 of the province of Ontario; and whereas by the said statute certain powers were conferred upon corporations other than the said company; and whereas doubts have arisen as to the validity of the said statute with respect to such of the said corporations as are subject to the jurisdiction of the Parliament of Canada, and it is expedient to remove such doubts; and whereas the Toronto Hotel Company 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, declares and enacts as follows :—

corporations.

Ont., 1899,

shareholders.

1. Any financial, trading, or commercial corporation subject Powers grant to the jurisdiction of the Parliament of Canada which carries ed to certain on business in the city of Toronto within one mile from the site of the building proposed to be erected by the Toronto Hotel Company, and which has or hereafter shall become a subscriber to the agreement, a copy whereof, marked schedule "A," is appended to chapter 110 of the statutes of 1899 of c. 110. the province of Ontario, is hereby declared to have been and to be empowered to subscribe and become a party to the said agreement; but, in the case of any such corporation so sub- Consent of scribing, whether before or after the passing of this Act, if the assent of its shareholders, or of any proportion of them, would otherwise have been necessary to validate such subscription, the approval of such subscription by a majority of the votes of the shareholders present or represented by proxy at the annual meeting, or at a special general meeting shall be requisite in order to bind the corporation as a party to the said agreement: Provided always, that the annual amount subscribed or to be Proviso: subscribed by any one such corporation shall not exceed the limited. sum of two thousand five hundred dollars.

subscription

SCHEDULE.

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STATUTES OF ONTARIO, 1899, CHAPTER 110.

An Act to incorporate the Toronto Hotel Company. WHEREAS William Rees Brock, William Henry Beatty, Hugh N. Baird, William Henry Brouse, Duncan Coulson, L. J. Forget, George Gooderham, Edward Gurney, John Hoskin, Andrew S. Irving, Robert Jaffray, Æmilius Jarvis, Simeon Heman Janes, Albert E. Kemp, John Woodburn Langmuir, Wilmot D. Matthews, Samuel Nordheimer, John Herbert Mason, Edmond B. Osler, James II. Plummer, Elias Rogers, Frederick Wyld, Byron E. Walker and Daniel R. Wilkie have petitioned for an Act to incorporate the petitioners as a company to be called The Toronto Hotel Company, with all such powers as to acquiring and holding lands and carrying on the business of a hotel as may be properly incidental or necessary for such company, and to confirm an agreement made between the persons, firms and corporations who are or may become subscribers for the stock or other securities of the said company and George Gooderham, Edward Gurney, and Æmilius Jarvis respecting the promotion and formation of the said company, and to enable corporations to become parties to such agreement and for such other purposes as may be incidental thereto; and whereas the proposed basis of incorporation of the said company appears to be exceptional and such as could not be embodied in a charter of incorporation under the provisions of The Ontario Companies Act; 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 Legislative Assembly of the Province of Ontario, enacts as follows:

1. The said several persons are hereby constituted and declared to be a body corporate under the name of The Toronto Hotel Company.

2. The Ontario Companies Act (Chapter 191 Revised. Statutes of Ontario) shall apply and relate to the said company as if the several provisions thereof were incorporated herein, excepting sections 9, 10, 12, 14, 15, 23, 24, 98, 99 and 101.

3. The said company shall have power to acquire and hold real estate in the said city of Toronto as they may require from time to time for the purposes of a hotel, and to erect buildings thereon and to carry on the business of a hotel, and also to grant leases of such real estate for hotel purposes and of portions thereof for such other purposes as may be convenient or desirable and all such powers as may or shall be properly incidental or necessary for such company and concurrently therewith all powers conferred by The Ontario Companies Act.

4. The capital of the said company shall be $1,500,000 and shall be divided into 15,000 shares of $100 each.