by them to the Company; their remuneration, and that (if any) of the Directors; the time and place for holding the annual and other meetings of the Company; the calling of meetings of the Company, and of the Board of Directors; the requirements as to proxies; the procedure in all things at such meetings; the site of the chief place of business, and of any other offices they may require; the imposition and recovery of all penalties and forfeitures admitting of regulation by by-law; and the conduct in all other particulars of the affairs of the Company; and every copy of any by-law under the seal of the Company, and pur- Proof of byporting to be signed by any officer of the Company, shall be re- laws. ceived in all courts of law as prima facie evidence of such by-law. 12. The Company shall not be bound to see to the execution of Company not any trust, whether express, implied or constructive in respect of any responsible for shares; and the receipt of the person in whose name the same shall shares. stand on the books of the Company shall be a discharge to the Company for any dividend or money payable in respect of such share, whether or not notice of such trust shall have been given to the Company; and the Company shall not be bound to see to the application of the money paid upon such trust. 13. At all meetings of the shareholders every shareholder, not Votes and being in arrear in respect of any instalment called for, shall be proxies. entitled to as many votes as he holds shares in the stock of the Company; and no shareholder being in arrear shall be entitled to vote, and all votes may be given in person or by proxy: Provided, always, the proxy is held by a shareholder not in arrear, and is in Proviso. conformity with the by-laws of the Company. limited. 14. The shareholders of the Company shall not as such be held Liability responsible for any act, default or liability whatever of the Company or for any engagement, claim, payment, loss, injury, transaction, matter or thing whatsoever relating to or connected with the Company beyond the amount unpaid upon their shares in the stock thereof. estate. 15. The stock of the Company shall be deemed personal estate, Stock to be and be assignable in such manner only, and subject to such con- personal ditions and restrictions as the by-laws prescribe, but no share shall be assignable until all instalments called for thereon have been paid. equal rights. 16. Aliens, as well as British subjects, and whether resident in All sharethe Dominion or elsewhere, may be shareholders in the said Com- holders to have pany; and all such shareholders shall be entitled to vote on their shares equally with British subjects, and shall also be eligible to office in the said Company as Directors or otherwise. chase and sell 17. The said Company shall have power to purchase and Power to puracquire the plant and material and all and singular the property, waterworks. franchises and privileges of any existing waterworks owned by any 33 company Power to company or by any municipal corporation; or to sell and absolutely dispose of any waterworks, the property of the Company, and other the lands, rights and privileges and other the premises belonging thereto, to any waterworks company or municipal corporation or private person or persons, upon such terms and conditions as shall be agreed upon between the Company hereby incorporated and any existing waterworks company or any municipal corporation or any person or persons. 18. If any existing waterworks company owning waterworks amalgamate. shall desire so to do, it shall be lawful for them and for the Company hereby incorporated to amalgamate their said works, franchises and privileges together, upon such terms and conditions as shall be mutually agreed upon between them; and the Company may also make such arrangements with any municipal corporation. Consolidated Statutes of 19. The several sections of the Act intituled "An Act respectCanada chap- ing incorporating Joint-Stock Companies for supplying cities, ter 65 to apply. towns and villages with gas and water," chapter sixty-five of the Consolidated Statutes of Canada, in so far as they may be applicable to the said Company and are not inconsistent with the express provisions of this Act, shall be taken to be and shall form part of this Act as if they were expressly embodied in the same. Act 33 V. c. 12 20. The provisions of "The Canada Joint Stock Companies' to apply. Clauses Act, 1869," shall, except in so far as they are inconsistent with the provisions hereof, apply to the Company hereby incorporated. Preamble. W CAP. CXV. An Act to incorporate the Anticosti Company. [Assented to 14th June, 1872.] HEREAS the persons hereinafter named and others have by their petition represented that the extensive and valuable island of Anticosti, situate in the River and Gulf of St. Lawrence, contains vast resources of agricultural, forest and mineral wealth, which, with the adjacent fisheries, have been hitherto unproductive for the want of colonization, and the petitioners are desirous of procuring an Act of incorporation, with all requisite powers and privileges, to enable them to purchase and acquire the said island, with all the rights, properties and franchises thereunto pertaining; and to carry on lumbering, mining, quarrying and other operations therein; to fish upon the coasts and adjacent waters; to establish lines of steamers to different ports trading with the island, and to establish communication, by marine cable and and otherwise, with telegraph lines on the main land; and generally to do all such things as may be necessary to develope the resources of the island; and it is expedient to grant their prayer; Therefore Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:— 1. William L. Forsyth, of Quebec; the Honorable David E. Incorporation, Price, of Quebec; F. W. Thomas, of Montreal; Ferd. S. Winslow, of Chicago; and Christopher O. Closter, of Montreal, together with all such other persons and corporations as shall become shareholders in the Company hereby incorporated, shall be and are hereby constituted a body corporate and politic, by the name of the Anticosti Name. Company, and by that name shall have power to carry on the business hereinafter mentioned, and shall have perpetual succession, and a common seal, which may by them be changed or varied at their pleasure; and the said Company shall be subject to the provisions of the " Canada Joint Stock Companies' Clauses Act, 1869," except in so far as the same may be inconsistent with the provisions of this Act. chase and hol 2. The said Company shall have power to purchase from the Power to purproprietors thereof the whole of the island of Anticosti, with all Anticosti. the right, title, privileges and interest of the said proprietors in and to the same; and upon the completion of such purchase, and the transfer of the same, the property therein shall be vested in the said Company; and it shall be lawful for the said Company to colonize the said island, and to sell or lease the whole or any And to colopart of the said island from time to time, upon such terms as to nize and them may seem proper,—and this in so far as it is within the province of the Parliament of Canada to grant such powers. settle it. other real 3. The Company may also acquire by purchase, lease or other- To acquire wise, and may hold absolutely or conditionally any other lands, estate. tenements, real or immoveable estate, not exceeding in yearly value ten thousand dollars, for the convenient conducting and management of their business, and may sell, alienate, let, lease and dispose of the same from time to time, and may acquire others in their stead, not exceeding at any time the value aforesaid,-in so far as it is within the province of the Parliament of Canada to grant such powers. purposes. 4. The Company may carry on all such operations as may be Further found necessary to develope the resources of the island in respect powers for lik of agriculture, forests, fisheries, mineral deposits of gold, silver, copper, iron and other metals or ores, and of coal, peat, plumbago, and salt springs, and shell marl, the opening up and working of quarries of slate, lime-stone, sand-stone, grind-stone, marble or other economic minerals or mineral substances, and to wash, dress smelt and otherwise prepare and manufacture such articles for sale, in so far as it is within the province of the Parliament of, Canada to grant such powers. And to construct certain works. To trade and own vessels. Chief place of business. Capital and shares. Provisional Powers. When to call first general meeting. Election of 5. The said Company shall have power to construct telegraph lines; also to lay a submarine cable from the island to some point or points on the coast of Gaspé, and thence to connect with the mainland telegraph system; and also, if found expedient, to lay a submarine cable from the island to some point on the north shore of the St. Lawrence, and to construct a telegraph line from thence to Quebec;-and they shall have power upon the said island to improve harbours, to erect wharves, dams, sluices and other hydraulic apparatus, for the convenience of shipping or for manufacturing purposes, and to levy and collect such tolls and charges upon any of the above mentioned works as shall be fixed by by-law, subject to the approval of the Governor in Council. 6. It shall be lawful for the said Company to carry on general trade and commerce, and to own, lease, charter, navigate and dispose of steamers and sailing vessels for the conveyance of freight and passengers to and from the island and ports in Canada and elsewhere. 7. The Company may have its chief place of business on the island of Anticosti or elsewhere, with branch offices in any of the cities of Canada, Great Britain or the United States; and so soon as such chief place of business shall have been determined upon, notice of the same shall be published for at least thirty days in the "Canada Gazette." 8. The capital stock of the Company shall be two million five hundred thousand dollars, divided into twenty-five thousand shares of one hundred dollars each. 9. The said W. L. Forsyth, the Honorable David E. Price, F. W. Thomas, Ferd. S. Winslow, C. O. Closter and such other person or persons as they may nominate shall be and are hereby constituted a Board of Provisional Directors; and shall hold office as such until other Directors shall have been appointed by the shareholders under the provisions of this Act. The said Directors, or a majority of them, are hereby empowered to take all necessary steps for opening stock books in the city of Montreal and elsewhere, for the subscription of parties desirous of becoming shareholders in the said Company. 10. When and as soon as one-tenth of the said capital stock shall have been subscribed as aforesaid, and ten per centum of the amount so subscribed paid in, the Provisional Directors, or a majority of them, may call a meeting of the shareholders at such time and place as they shall think proper,-giving at least two weeks' notice in the "Canada Gazette," and in one or more newspapers published in the City of Montreal; at which general meeting, and at the annual general meetings of the Company thereafter, a Board of Directors shall be elected, consisting of not less than five nor more than thirteen, as may be prescribed by the by-laws (of the Provisional Provisional or other Directors) in force at the time of such election; but they shall not be authorized to commence operations under this Act until at least fifty thousand dollars shall have been paid in. of Directors. 11. No person shall be elected or chosen as a Director unless Qualification he be a shareholder holding stock of the Company to the amount of at least ten shares in his own absolute right, and not in arrears in respect to any call thereon; and the Directors shall be elected by a majority in value of shares, represented by shareholders or their proxies at a general meeting of the Company, assembled at such time and place as the by-laws may prescribe. 12. In default of other express provisions in the by-laws of Annual Elections. the Company, such elections shall take place yearly; all the members of the Board retiring shall be eligible for re-election if duly Notice in qualified, and due notice of the time and place for holding such general meetings shall be given at least thirty days previously, Gazette." by notice published in the "Canada Gazette.” "Canada 13. At all such general meetings of the Company, every share- Votes. holder shall be entitled to a vote for each share held by him, on which all calls have been duly paid: votes may be given by proxy ; and the election of Directors shall be by ballot. V. President 14. The Directors shall, from time to time, elect, from among President, themselves, a President of the Company and a Vice President, and Officers. a Treasurer, a Secretary and a Manager, and may also appoint and remove from time to time all such other officers as may be required for the transaction of the business of the Company; and if a vacancy should at any time occur in the Board of Directors, the same may be filled up by the Board, for the remainder of the term, from amongst the qualified shareholders of the Company. case of failure 15. If at any time an election of Directors be not made at the Provision in proper time, the Company shall not be held to be thereby of Election. dissolved; but such election may take place at any general meeting of the Company duly called for that purpose. poses. 16. The Directors may make by-laws, and may from time to By-laws for time, alter, repeal, amend or wholly substitute others, for the certain purgovernment of the said Company, its affairs, business, managers, agents, officers and servants; which by-laws shall be in force when approved by a majority of votes of the shareholders present in person or by proxy, at any special or general meeting of shareholders, and may, among other things, besides comprehending all matters hereinbefore referred to as the subject of by-laws, be made, subject to the special provisions of this Act, for the following objects and purposes; and the same shall be accessible, at all seasonable hours to all parties interested, viz: |