other property. 10. The Company may acquire from any other person or Acquisition of company all or any of the businesses which the Company hereby empowered to carry on, together with all or any of the assets, franchises and property, real and personal, movable and immovable, of the seller or sellers thereof, subject to the obligations, if any, affecting the same, as well as any obligations arising out of any contract or agreement entered into with any municipality; and may pay the seller or sellers the price thereof wholly or partly in cash, or wholly or partly in fully paid-up shares or in partly paid-up shares of the Company, or otherwise; and also undertake, assume, pay or guarantee all or any of the obligations or liabilities of the seller, or the obligations affecting the assets and property purchased from time to time. Certain sec Act to 11. The Company may amalgamate and consolidate its Amalgamastock, property, business and franchises with those of any other tion. company or society incorporated or chartered for all or any of the like purposes and duly authorized thereto; and the provisions of sections one hundred and one and one hundred and two tions of "The of The Companies Act, and of sections ninety-eight, ninety-nine Companies and one hundred of the said Act, as amended by chapter twen- apply. ty of the Statutes of 1887, except in so far as they relate to an amalgamation, union or consolidation with any building, savings or loan company or society, shall, so far as they are applicable, be incorporated with this Act, form part thereof and be Exception. construed therewith as forming one Act. 12. The Companies Clauses Act, except sections eighteen R.S.C., c. 118. and thirty-nine, shall apply to the Company. impaired. 13. Nothing in this Act shall in any respect impair any of Powers not the powers which the Company has at the time of the passing of this Act. OTTAWA Printed by SAMUEL EDWARD DAWSON, Law Printer to the Queen's most Excellent Majesty. Preamble Incorporation. Corporate name. Head office. Line of railway described. 55-56 VICTORIA. CHAP. 54. An Act to incorporate the Ottawa Valley Railway W Company. [Assented to 9th July, 1892] WHEREAS a petition has been presented praying for the incorporation of a company to construct and operate a railway 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. Charles N. Armstrong, W. C. E. Phillips, Robert Watson, Archibald Campbell and A. C. Wurtele, all of the city of Montreal, in the province of Quebec, together with such persons as become shareholders in the Company hereby incorporated, are hereby constituted a body corporate under the name of "The Ottawa Valley Railway Company," hereinafter called “the Company." 2. The head office of the Company shall be in the city of Montreal, in the province of Quebec, or such other place in Canada as is determined from time to time by by-law of the Company. 3. The Company may lay out, construct and operate a railway of the gauge of four feet eight and one-half inches from St. Andrews to Carillon, and from Grenville to a point at or near Calumet on the Canadian Pacific Railway, and the unDeclaratory, dertaking hereby authorized is declared to be a work for the general advantage of Canada. Ferry across 4. The Company may, in connection with their railway and Ottawa River. for the purpose of carrying cars, goods, freight and passengers over the same, construct, acquire, maintain and employ steam ferry-boats to ply across the Ottawa River, and may sell and dispose of the same. Provisional directors. 5. The persons mentioned by name in the first section of this Act are hereby constituted provisional directors of the Company. 6. The capital stock of the Company shall be five hundred Capital stock thousand dollars, and may be called up by the directors from and calls. time to time, as they deem necessary; but no one call shall exceed ten per cent on the shares subscribed. 7. The annual general meeting of the shareholders shall be Annual meetheld on the second Monday in September in each year. ing. directors. 8. At such meeting the subscribers for the capital stock Election of 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 of the Company. 9. The Company may issue bonds, debentures or other Issue of bonds,. securities to the extent of twenty thousand dollars per mile of &c. 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. with another company. 10. The Company may enter into an agreement with the Agreement Canadian Pacific Railway Company, the Great Northern Railway Company, the Carillon and Grenville Railway Company, the Central Counties Railway Company, the Montreal and Ottawa Railway Company or the Canada Atlantic Railway Company, for conveying or leasing to such company the railway of the Company hereby incorporated, in whole or in part, or any rights or powers acquired under this Act, as also the surveys, plans, works, plant, material, machinery, and other, property to it belonging, or for 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; and the Company may also enter into an agreement with the Carillon and Grenville Railway Company for purchasing or leasing the railway of such company in whole or in part on such terms and conditions as are agreed upon, and may also enter into an agreement with the Great Northern Railway Company for purchasing from such company, which is hereby authorized to sell the same, that portion of its railway now constructed between Lachute and St. Andrews, on such terms and conditions as are agreed upon; provided that each such agreement has been first sanctioned by two-thirds of the votes at special general meetings of the shareholders of the respective companies duly called for the purpose of considering the same,at which meetings shareholders representing at least two-thirds Approval re in value of the stock are present in person or represented by quired. proxy, and that each such agreement has also received the approval of the Governor in Council. approval. 2. Such approval shall not be signified until after notice of Notice of apthe proposed application therefor has been published in the plication for manner and for the time set forth in section two hundred and thirty-nine 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 hereby incorporated runs, and in which a newspaper is published. OTTAWA Printed by SAMUEL EDWARD DAWSON, Law Printer to the Queen's most Excellent Majesty. 55-56 VICTORIA. CHAP. 55. An Act to revive and amend the Acts respecting the WE [Assented to 9th July, 1892.] HEREAS the Ottawa, Waddington and New York Rail- Preamble. way and Bridge Company have by their petition prayed that the Acts relating to the Company be revived and amended as hereinafter set forth, and it is expedient to revive the said Acts and 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. Subject to the provisions of this Act, the Act incorpor- Acts revived. ating the Ottawa, Waddington and New York Railway and Bridge Company, being chapter seventy-seven of the Statutes Chapter 77 of of 1882, and the Act amending the said Act, being chapter fifty- 1882. eight of the Statutes of 1884, are hereby revived and declared Chapter 58 of to be in force, and the time limited for the completion of the 1884. undertaking of the Company is hereby extended for five years Time for confrom the passing of this Act; and if twenty-five miles of the struction. railway are not constructed, between such points as are named by the Governor in Council, and ready for operation, within two years from the passing of this Act, and the whole of the undertaking is not completed within the time fixed, then the powers granted by the said Acts and this Act shall cease and be null and void as respects so much of the undertaking as then remains uncompleted. 2. The annual meeting of the Company shall hereafter be Annual meetheld on the third Tuesday in the month of September in each ing. year. OTTAWA: Printed by SAMUEL EDWARD DAWSON, Law Printer to the Queen's most Excellent Majesty. |