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subscribed, which exceeds nine hundred thousand dollars, of which more than five hundred thousand have been already paid in; and inasmuch as the capital subscribed and the instalments paid thereon are increasing daily; and whereas in view of the circumstances aforesaid, it is desirable to give the said corporation a more appropriate name, and powers more extended and more fitted to its financial operations: Therefore Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows :-

changed.

Not to be

1. The said "District Permanent Building Society of Montreal," Name and all its present members, their successors and assigns forever Powers contiare hereby constituted a corporation under the name of the "Loan med. and Landed Credit Company," having its principal place of busi- deemed a new ness in the City of Montreal; and under that name shall be cap- corporation. able of suing and being sued, and shall retain and exercise all the rights, powers and privileges that the said "District Permanent Building Society of Montreal" now possesses, which were granted by chapter sixty nine of the Consolidated Statutes for Lower Canada, and by the aforesaid Act of the late Province of Canada, twenty sixth Victoria, chapter twenty eight, and this in the same manner and to the same degree as the said "District Permanent Building Society of Montreal" possessed and now possesses the same; and it shall not be deemed a new corporation.

2. All the real and moveable property, shares or stock, obliga- Property to remain vested tions, debts, rights and claims of the said Building Society, are in the corporahereby transferred to, and shall be vested in the said "Loan and tion. Landed Credit Company," and all the shareholders in the said Society shall be shareholders for like amounts and with like rights in the said Company; but all judicial proceedings heretofore begun in the name of the "District of Montreal Building Society,"

or in that of the "District Permanent Building Society of Mon- Suits pending treal," may be continued and terminated under the name in which continued. they have been instituted, for the benefit and advantage of the said Loan and Landed Credit Company.

nued.

3. The present President, Directors and officers of the said Officers conti"District Permanent Building Society of Montreal," shall continue in office as such in the "Loan and Landed Credit Company," with the names of President, Vice-President, Directors and officers of the said Company, until replaced in conformity with the present by-laws of the said Society; the Secretary Treasurer of the said "District Permanent Building Society of Montreal," shall act and shall under the operation of this Act, be designated under the name of the Cashier of the "Loan and Landed Credit Company," in all deeds, documents and transactions.

continued

4. All the present by-laws of the said "District Permanent By-laws Building Society of Montreal," shall continue in full force and effect and shall be binding in law, as regards the said "Loan and Landed Credit Company," its Directors, officers, shareholders

and

Amending by-laws.

and borrowers, until modified, amended or repealed in conformity with the provisions of this Act.

5. The said “Loan and Landed Credit Company," is empowered to make, amend, repeal and establish by-laws from time to time, by the two-thirds majority of the votes of the members present, either in person or by proxy, at a general meeting held for that Scale of voting purpose and called in the manner mentioned in the next following section of this Act; and at such meeting, and at all other meetings of the members of the said Loan and Landed Credit Company, the members shall have one vote for each share held by them.

General meetings.

How called.

May lend

money as a building society.

Returns to

Minister of
Finance.

When this Act
shall come
into force.

The game.

6. All general meetings of the members and shareholders of the said Loan and Landed Credit Company, whether for making, amending, repealing and establishing by-laws, or for any other object relative to the said corporation, shall be called by the President, or the Vice-President, or by the Cashier on the order of the Board of Drectors, by a notice inserted at least once a week, in one newspaper in the French language and one newspaper in the English language, published in the City of Montreal aforesaid, during the two weeks next preceding the day fixed for such meeting.

7. The said Company may lend money in conformity with the provisions of the laws authorizing the establishment of building societies in Canada, and with the by-laws of the said Company.

8. The said Loan and Landed Credit Company shall furnish to the Minister of Finance on or before the fifteenth day of February in each year, and at any time when required so to do by the said Minister of Finance a detailed statement exhibiting in a full and complete manner the assets and liabilities of the said Company, and the state of its affairs, made up to the thirty-first of December of the previous year.

9. This Act shall not have full force and effect until it shall have been approved, confirmed and ratified by a resolution passed at a general meeting of the members of the said District Permanent Building Society of Montreal, called for that purpose in conformity with section six of this Act, the said resolution to be adopted by a majority of at least two thirds of the members present or represented by proxy at such meeting; and this Act shall take effect from the day fixed by the said resolution.

10. The resolution aforesaid certified by the President and the Secretary Treasurer of the said District Permanent Building Society of Montreal, or, after the coming into force of this Act, by the President and the Cashier of the said Loan and Landed Credit Company shall be evidence of its contents.

CAP.

CAP. CX.

W

An Act to incorporate the Canada Improvement

Company.

[Assented to 14th June, 1872.]

HEREAS Charles Garth, Henry Bulmer, William P. Bartley, Preamble. Charles Legge, Duncan Macdonald and others, have by their petition represented that they are desirous of organizing a Company for the purpose of undertaking the building and construction of works of various kinds throughout the Dominion of Canada, and have prayed that they may be incorporated for that purpose; and it is expedient to grant the prayer of their 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 Garth, Henry Bulmer, William P. Bartley, Charles Incorporation. Legge and Duncan Macdonald, with all such other persons and corporations as shall become shareholders in the Company hereby incorporated, shall be and they are hereby constituted a body corporate and politic, by the name of the "Canada Improvement Corporate Company," and the words "the Company" when used in this Act Name. shall mean the Canada Improvement Company hereby incorporated.

2. The Company shall have power to contract with any person, Business of firm, company or corporation, to build and construct by its agents, the Company. employés or sub-contractors, any house, church or building of any nature or kind whatsoever, or any wharf, wooden or iron railway, or part thereof, or any telegraph line, canal lock or other public improvement requiring mechanical work, in any part of the Dominion of Canada, and to supply and furnish all needful materials, labor, implements, instruments and fixtures of any and every kind whatsoever requisite for any such work, and to use any such work pending the construction thereof.

bonds and mortgages.

3. The Company may receive in payment of such work the Power to hold bonds and securities of other companies, and sell and otherwise use or negociate the same; and may receive and hold real estate for its own purposes of an annual value not exceeding four thousand dollars; and may also hold real estate or mortgages thereon as security for moneys due thereon.

shares, and

4. The capital stock of the Company shall be four hundred Capital and thousand dollars, which amount may be raised by the parties provision for herein named and such other persons as may become shareholders increase. in the said stock; and such capital may be increased from time to time by the shareholders under the by-laws of the Company, as the works undertaken by the Company may render necessary: Provided always that no such increase shall take place until the stock previously subscribed for shall be paid up in full.

Proviso: original capital to be first

5. paid up.

First general

election of

directors.

5. So soon as the capital stock of the Company shall have been meeting and subscribed, and ten per cent. paid thereon, and deposited in some chartered bank of Canada to the credit of the Company, the Provisional Directors, or a majority of them, shall call a meeting of the shareholders, at such time and place in the city of Montreal as they may think proper,-giving at least two weeks' notice in one English and one French newspaper in the said city; at which general meeting, and at the annual general meetings in the following sections mentioned, the shareholders present either in person or by proxy, shall elect by ballot such number of Directors, not less than five nor more than nine, as shall then be decided by the shareholders.

As to promis

sory notes.

Provisional

directors and their duties.

Power to

make by-laws for certain purposes.

6. The Company may become parties to promissory notes and bills of exchange for sums not less than one hundred dollars, to be executed as provided by the by-laws.

7. Charles Garth, Henry Bulmer, William P. Bartley, Charles Legge and Duncan Macdonald, shall be the Provisional Directors of the Company, and shall hold office as such until other Directors shall be appointed under the provisions of this Act by the shareholders; and it shall be their duty to open stock books and procure subscriptions for the undertaking, to allot stock to the subscribers thereof; to call a general meeting of shareholders for the election of other Directors as herein provided; and generally to do all such other acts as shall be necessary for the complete organization of the Company.

8. The Company shall have power to make by-laws, not inconsistent with law, or with the provisions of this Act, providing for the execution of all deeds, instruments and contracts, including promissory notes and bills of exchange, which they are authorized to make under this Act; for the appointment and dismissal of officers, and the regulation of their functions and duties; fixing the number and qualifications of the Directors; the day of annual meeting, and the mode of calling and holding general and special meetings of the shareholders; the mode and right of voting at such meetings; the making of calls, the declaration of dividends; the making of contracts; the increase of the capital stock; and all all other matters respecting the internal economy, administration and management of the said Company.

Act 32, 33 V., 9. The provisions of "The Canada Joint Stock Companies' c. 12, to apply clauses Act, 1869," shall apply to this Act, except in so far as they may be inconsistent with the provisions hereof.

CAP.

CAP. CXI.

An Act to incorporate the Mail Printing and Publishing
Company (Limited).

[Assented to 14th June, 1872.]

HEREAS the undermentioned persons have by their peti- Preamble.

WH

tion represented that they have opened in the City of Toronto

a large printing and publishing establishment in which the business of "The Mail" newspaper, and other general printing and publishing business is conducted, and of which and of the copyrights, interests, property and assets connected therewith, the following persons and others are the proprietors, namely:James G. Worts, William Gooderham, William H. Howland, Christopher Robinson, Thomas Charles Patteson, Matthew Crooks Cameron, Alfred Boultbee, Henry O'Brien, Robert Hay, George D'Arcy Boulton, Joseph Keeler, Edward Harris, J. B. Plumb, Noah Barnhart, F. W. Glen, William Beatty, Donald A. Smith, Lewis Moffatt, Francis Shanly, Donald McInnes, A. Thornton Todd, Dalton McCarthy, junior, Nesbit Kirchhoffer, George Stephen, John Rankin, Alfred Brown, Henry Stanley Smith, Angus Morrison, John Carling and D. B. Chisholm; and that it is intended by the said persons to establish branch offices for the said newspaper and business in the several Provinces of the Dominion; And whereas it is represented that the said persons have invested a large amount of capital in the said business, and are desirous of associating others with them in the ownership of the said newspaper and printing and publishing business, and of carrying on the said business in the several Provinces of the Dominion; And whereas for securing greater efficiency and permanency in carrying on the same they are further desirous of obtaining an act of incorporation, and it is expedient that the prayer of their petition to that effect be granted: Therefore Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:

:

powers.

1. James G. Worts, William Gooderham, William H. Howland, Incorporation Christopher Robinson, Thomas Charles Patteson, Matthew Crooks Cameron, Alfred Boultbee, Henry O'Brien, Robert Hay, George D'Arcy Boulton, Joseph Keeler, Edward Harris, J. B. Plumb, Noah Barnhart, F. W. Glen, William Beatty, Donald A. Smith, Lewis Moffat, Francis Shanly, Donald McInnes, A. Thornton Todd, Dalton McCarthy junior, Nesbit Kirchhoffer, George Stephen, John Rankin, Alfred Brown, Henry Stanley Smith, Angus Morrison, John Carling and D. B. Chisholm, together with all such other persons as now are or may hereafter become shareholders in the Company hereby created, shall be and they are hereby constituted a body politic and corporate by the name of the "Mail Printing and Publishing Company, (limited);" and may by that name sue and be sued, implead and

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