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 / 
 
 ..•/ 
 
 MMkAi«Mti**ri 
 
 ■•■•Mk*****tfi*iM 
 
 PROSPECTUS 
 
 OF 'I'flK 
 
 GREAT MANITOULIN 
 OIL COMPANY. 
 
 MA.MlTOUX.tN^ ISLANTD, 
 
 LAKE HURON. 
 
 OFFICE: a 
 
 STEEET, 
 
 MONTREAL, CANADA EAST. 
 
 MONTHKAL : 
 
 printp:d by ,j. stakke & cc, st. Francois xavier st. 
 
 X 
 
 18()5. 
 
 T . . r, >» T t F l . I r . , > I I V , , . V f T f f T M H » M . i f, f V , I H M I I I .1 > f » T y? 
 
\., 
 
m 
 
 .1 
 
 e > 
 
 PLAN 
 
 O/' rUF. INDIAN RRSEHYR 
 on tAtt, litlatui 
 or- 
 
 iJLj?!l 
 Shmuuf //u- Oil Hmsllurem 
 
 SAULT kr. MARit 
 
 Scalr 6 Milt^ Utl Inrh 
 
I 105 
 
 76 
 
 PLAN 
 or lake: — 
 
 
 ROUTES 
 
 8- 
 
 I » 
 
 >- & 
 
%p 
 
 .;«■ 
 
BUFFALO 
 

 
 
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 • 
 
 
 
 
 
 
 
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 ^^^^^^^^^^^^■^^ 
 
 
 
 HHB^I^B ''''\ : 
 
 
 
 
 
 
 
 
 
 
 
 
(^ItEAT MANITOULIN 
 OIL COMPANY. 
 
 CAPITAL saoo.ooo. 
 
 SHARES 410.00 EACH. 
 
 ■ St. Louis, 3Io. 
 
 ^^— iMana,cr Ontari. Ban,), Mos.n..., C.E. 
 
 '~^^^^^^'' • • • • Montreal, C.E. 
 
 QirEHEC, C.E. 
 
 w »r iirqfors. 
 
 C"A.s. E. Panet . • • • . 3I0NTREAL, C. E. t^ 
 
 J- H. R. Burroughs QriBBEc, C. E. 
 
 W. L. Baby ' " Quebec, C. E. 
 
 J- R. Beutiielet Sandwich, C. W. 
 
 H. Berthelet .... Milwaukee. Wis. 
 
 Chas. p. Thebo Milwaukee, Wis. "^ 
 
 ^ -r^/f rf>t-^jt_ ' [ Milwaukee, Wis. T 
 
">s 
 
1"1!0\-IXCE OF CANADA, 
 
 '^ 
 
 VICTORIA by the Grace of God, of the United Kingdom 
 
 To all to whom these presents shall come. 
 
 CrREETINO : 
 
 WHMEAS undorand by a„ Act of our rarlia„,.„t 
 
 intitulod • " All Anf fl lu "'^^^ >^^^^« «^ ^ur reign, and 
 
 iiKiy constitute such persons and others wh^ ^ 
 become shareholders in anv ™„l. „ ""^ ""^o "ay 
 
 corporate and politic for a^ of th» '"'""''' ° '""'>' 
 mentioned, ^ ** P^'Po^es therein 
 
 day of Tprll i ,?h'" '" f°""f • '"'"™ff date the first 
 
 h»dr' d i",;'d" i i;:: : ™ ^-^ »- 'ho„sa„d ci,ht 
 
 lelet, 01 the C.ty ,j| ll,lvva„l„e, in the Slate of Wiscon- 
 
1 
 
 sin one of the said United States of America, Esquire; 
 on; Wilmot AVilliams, of the City of New York m the 
 State of New York, one of the said ^J"^t«dJ.tates ol 
 America, Esqnire ; one Lyman A\ ashbnrn Cn bert, oi the 
 said City of New York, Attorney and Counsellor at Law , 
 u d one Philip Baby Casgrain, of the City of Quebec, m 
 our sa d Prov nee. Advocate-have prayed that a charter 
 onncrpo:ation,embodyingandsettingforthth^ 
 provisions of the above in part recited Act, may be 
 o-ranted to them and to such other persons as are or may 
 ec:mLhareholdersinaCompanvformedfor^Vepiu^^^^^^ 
 
 of boring for, opening and using Petroleum, bait and 
 
 other mineral springs. 
 
 ind whereas, in accordance with the pro.^sions 
 of the above in part recited Act, notice was pubhshed in 
 the Canada Ga^etU for at least one month, previous to 
 the presentation of the petition horeinl>eiore mentioned 
 in which notice it was stated that the said Anthony 
 LaGrave, the said AVilUam Louis Baby, the said Joseph 
 Kolette Berthelet, the said Wilmot ^^1^;-^- " 
 Lvman Washburn (lilbert,, and the said Phihp Baby 
 Cas.vrain, being not less than five of the Applicants who 
 have petitioned as aforesaid, intended to apply ior such 
 charter; that the proposed corporate name oi the Com- 
 pany is 
 
 " The Great Maiiitoulin Oil Company ;" 
 that the object or purpose for which Incorporation is 
 sought is to bore for, open and use Petroleum, bait, or 
 other mineral springs. 
 
 That the places where the operations of the Com 
 pany are to be carried on, are the Manitoulin Island m 
 Lake Huron, and elsewhere, in our said Provmce; that 
 the amount of the nominal capital of the Company is 
 three hundred thousand dollars ; that the number oi 
 shares is thirty thousand, and the amount oi each share 
 is ten dollars; that the amount of the stock subscribed 
 
ca, Esqviire ; 
 fork, 111 the 
 )d States of 
 ilbert, of the 
 ellor at Law, 
 f Quebec, in 
 hat a charter 
 ti the general 
 A.ct, may be 
 IS are or may 
 r+Ve purpose 
 am, Salt and 
 
 le provisions 
 ; pviblished iii 
 1, previous to 
 re mentioned, 
 said Anthony 
 e said Joseph 
 ams, the said 
 Philip Baby 
 pplicants who 
 pply for such 
 e of the Com- 
 
 any ; 
 
 corporation is 
 oleum. Salt, or 
 
 IS of the Com- 
 vilin Island in 
 proA'ince; that 
 LC Company is 
 the number of 
 t of each share 
 ock subscribed 
 
 have complied with all f hi, "'""^ Applicants 
 
 under the authority of the Win C" ^''^^"' ^""^ 
 
 «-ery «,cl> other person o^pt^.T "'"^ "" ""'' 
 shall at any time hereatt,., 1 '"^^ " "' '"■« »■■ 
 
 -id compauy,u„a::rh p;ri"r„nr°"r: ■" ""• 
 
 the by-laws made under the. ,„?.., '""' ^'='' •■""" 
 ^«eoe.„r, a body cotral^a d'^^itr-r'^'I'l 
 ™cce..„,, .„a , eo„™ou seal by the llreV P°"""' 
 
 " ^''o tf^"' Manitonlin Oil Company " 
 and capable forthwith of ey .■hm„ ,„ „ , ' ,. 
 an Incorporated Comnanv« if, ° '""et.ons of 
 
 Act of riliamonr. d bv'tt ""="''l»''""'d hy a Special 
 and bein^ ™id pWin , ",'' r'"""''' "™'">f ™h,iv 
 
 court, wh'ether of it "?,:;;' '™« ""^'^^^^'^ "' »" 
 
 and nltt'Xnn'y,';^ ^^JP^'-^^Y *,o bore, or, open 
 the said the Com mn v I, t """"''' '^''''S"- A"d 
 -.bJecttotlu...er ; Lt r'^>' "■o».-porated, shall be 
 
 -id recited ActJirat ifto s" '""^ "' '■™"' "' *« 
 
 a Bo.n:7 o!-° ,:f ts °'if'^r'""'"'"" ^'^"'"'»S«1 "^v 
 Directors. ' "'™ ""■•"=• '«"■ """-e than nine 
 
k 
 
 o—The said Anthony LaGrave, the said William 
 Louis'^Baby, the said Joseph Kolette Berthelet the said 
 Wilmot Williams, the said Lyman Washburn Cnlbert, and 
 the said Philip Baby Casgrain, -shall be the Directors ot 
 the Company, until replaced by others dul.' chosen in 
 their stead. 
 
 3 __No person shall be elected or chosen as a Director 
 thereafter, unless he is a shareholder, owning stock abso- 
 lutely in his own right, and not in arrear m respect ot 
 any call thereon. 
 
 4— The alter Directors oi" the Company shall be 
 elected by the shareholders, in general meeting of the 
 Company assembled, at such times, in such wise, and lor 
 such term, as the by-laws of the Company may prescribe. 
 
 5.— In default only of other express provisions in 
 sucL behalf, by the by-laws of the Company, 
 
 (a) —Such election shall take place yearly, all the 
 Members of the Board retiring, and (if other wise qualihed) 
 beiii"- eligible for reelection. 
 
 °(b) —Notice of the time and place for holding gene- 
 ral meetings of the Company shall be given at Jeast ten 
 davs previously thereto, in some newspaper pubhshed at 
 or as near as may be to the office or chief place of busi- 
 ness of the Company. 
 
 (c).— At all general meetings of the Company, every 
 shareholder shalfbe entitled to as many votes as he owns 
 shares in the Company, and may vote by proxy 
 
 (d) —Elections of Directors shall be by ballot; 
 (e).-Vacancies occurring in the Board of Directors 
 xnav be iilled for the unexpired remainder of the term^ 
 ]>y the Board from among the qualified Shareholders ot 
 
 the Company ; „ . ^ ,- i„„+ 
 
 (f ) —The Directors shall from time to hme elect 
 
 from among themselves a President of the Company ; 
 
e said William 
 helet, the said 
 rn Crilbert, and 
 he Directors of 
 ul ' chosen in 
 
 en as a Director 
 ling stock abso- 
 r in respect of 
 
 mpany shall be 
 meeting of the 
 ch wise, and for 
 T may prescribe. 
 
 ;s provisions in 
 
 any, 
 
 3 yearly, all the 
 
 srwise qualified) 
 
 or holding gene- 
 iven at least ten 
 iper published at 
 ef place of busi- 
 
 Company, every 
 votes as he owns 
 )y proxy. 
 le by ballot ; 
 ;oard of Directors 
 tider of the term 
 L Shareholders of 
 
 me to time elect 
 jf the tJompany ; 
 
 stock and o?f] ""^^-P/^y^^^"^' "^^ <li«Po.sal of ibrfeitod 
 
 Comninv ih.l l"! f' ^'^'^'^ ""'"'^ servants of the 
 Annual Moot^ ol t , ? ' "'' ^'^'''' ''^''^ '^'^ 
 
 forteitares admitting oiro'Z™' b • .'"■""'"™ ""d 
 conduct in nil mu..^ /t uianon by Jjy-Law, and the 
 Panv n. ^ P^^-ticulars of the affairs of the Com- 
 
 P'^ny, andmayivom time to time repeal, amend or re- 
 
enact the same; but every such Jiy-law, and every repeal, 
 •uuendmeut or re-enactment therecf, unU'ss mthe-mean- 
 'tuno conlirmed at a General Meetin,' of the Company 
 duly called lor that purpose, shall only have lorce untj 
 the next -Vnnual Meetino- of the Company, and m deiuult 
 olconlirmation thereat, shall, Irom that time only, cease 
 to have iorce ; 
 
 8 -A copy of any lU'-lavv ot the Comp^my under 
 their seal, and purporting to be signed by any ollicer ol 
 the Company, shall be received as ym.m ./.r,. evidence 
 of such By-law in all Courts of Law or equity m this 
 Province. 
 
 9_-The stock of the Company shall be deemed 
 personal estate and shall be transferable, in such manner 
 onlv and subject to all such conditions and restrictions 
 as by the Letters Palent, or by the By-laws of the Company, 
 shall be prescribed ; 
 
 10 —The Directors of the Company may call in and 
 demand from the Shareholders thereof respectively, all 
 sums of money by them subscribed, at such time and 
 places, and in such payments or mstalmen s, as the 
 Bv-laws of the Company may require or allow; ana 
 in'terest shall accrue and fall due, at the rateot six per 
 centum per annum, ixpon the amount ol any uiipud call, 
 from the day appointed for the payment ol such call. 
 
 11 —The Company may enforce payment of all 
 calls and interest thereon, by action in any competent 
 Court ; and in such action it shall not be necessary to set 
 forth the special matter, but it shall Ik. sulhcient to de- 
 Clare that the Defendant is a holder of one share or more, 
 stating the number of shares, and is indebted mthe sum 
 of money to which the calls in arrear amount, in respect 
 of one call or more upon one share or more, statmg the 
 
id evevy repeal, 
 'ss in the'UU'au- 
 ■ tho Company 
 lavo force until 
 •, and in dolault 
 [ime onlv, cease 
 
 Company under 
 ^y any oilicer ol" 
 d fiirif evidence 
 n- equity in this 
 
 iliall be deemed 
 , in such manner 
 ; and restrictions 
 of the Company, 
 
 y may call in and 
 ■ respectively, all 
 it such time and 
 italments, as tho 
 ■e or allow; and 
 lie rate of six per 
 it any unpaid call, 
 ■lit of such call. 
 
 e payment of all 
 in any competent 
 t)e necessary to set 
 w suthcient to de- 
 one share or more, 
 idebtedinthe sum 
 amount, in respect 
 • more, stating the 
 
 cate unch'v th.-ir v...,l ..., i . ^'' ' 'I'ldi^^'^'rtili- 
 
 .-sa.Slu.n.l,„ldo,, „„a ih„t «, , t " t * ,"'i''."''''"1 
 ui>l«"<I (l.,.,v„n, .,lu,ll t,„ .■.■,.„iv.., in ,11 r \ ,","'"' 
 
 laws o'l" th,"r'""'' ""-■'' ''"'"'""' »'■ ""««« «« bv the IW. 
 as bv 81,; h IWI , '"" l'""' "''*"! such ti,ue 
 
 i^i^rnS'So : r;:;^ :r erf "^ 
 
 l",?lhelact» „,„I duly roco,-,l..,l„ n ?'" ""^"• 
 
 viouslniTs^H, '"""■' u*""" •"" '■■™«ferable, until all nre- 
 sold u,,de; o;:"io:. "°"**>™-' <"■ -"« 'h«-eono. 
 
 14.— No shareholder beinr. m 
 any call .shall be eutitlerl fn x^f ! ^"'"" '" '*'"i'^''^ ^^' 
 
 arrear in respect of 
 
 C 
 
 ompany. 
 
 15. — The Directors of ihi^ CoiTniiiinr if +u 
 at any ti.ne alte. the whole ct >itauSV h^cC™ fv 
 
 m, ki. a by-law lor uicreosing the capital ,tock of the 
 Company to any amount which they mav co-^iid.. 
 
10 
 
 shareholders, at a general meeting of the Company, duly 
 
 called lor the purpose of considering- such by-law nor 
 
 un^l a copy thereof duly authenticated shall Lave C 
 
 lied as hereinalter mentioned with the Provincial Secre^ 
 
 iirLr "" ''''"■ ''''" "*'^ ^°^'"-^^"^- "^ ^'---j 4 
 
 . .,J?r'^''y ^y-^^^ i'"^'' i^^^^'^'^^ing the capital stock 
 
 the L C^' '^'^^ ^'^^""^ '^^^^ "^"^^^^^- -^^ value of 
 the shares o the new stock; and may prescribe the man- 
 ner m which the same shall be allotted ; and in deGt 
 oi Its so donxg. the control of such allotment shall be hl/d 
 to vest absolutely in the Directors. 
 
 dnlv ^ V^!"" ^T^'""^ "''">'' '^'^^^"^ «^^ ^««^^ths after a 
 duly authenticated copy of such By-Law has been tiled 
 with the Provincial Secretary, or such other officer as 
 the Governor in Council may have named lor the pur- 
 pose require and cause a notice under the siga.ature of 
 
 pasl^l Ld fil T" ."""'; '^'' ''''^' ^>'-^^^' has been 
 amount ott 1 " T""^' and stating the number and 
 rbscdbe 1 fT""^ '''''' ''''^'' '^'' ^^"^«^"^t actually 
 s bsuibed and the amount paid in in respect thereof 
 and Irom the date of such notice the capital stock of the 
 Company shall be and remain increased, to the amount 
 in the manner and subject to the conditions set forth by 
 «uch By-Law; and the new stock shall become suic' 
 to all the provmons of law in like manner (so far a ml 
 be), as though the same had formed part of the st^ck of 
 the Company originally subscribed. 
 
 be kenfr^l!'"..^''"'?"''^ '^'^^ '"^^^^ ^ ^^^^ «^ books to 
 be kept by the Secretary, or by some other officer specially 
 charged with that duty, wherein shall be kept recorded-^ 
 
 l6t.-A correct copy of the Letters Patent incor- 
 
 «^m»m»^i -i-mrnvf-' 
 
fipany, duly 
 by-law, nor 
 have been 
 iicial Secri-- 
 'ouucil may 
 
 pital stock 
 id A-alue of 
 e the man- 
 in delimit 
 ■all be held 
 
 ths after a 
 been iiled 
 
 officer as 
 r the pur- 
 .iiature of 
 I', to be in- 
 ■ has been 
 mber and 
 t actually 
 t thereoi", 
 >ck ol' the 
 ; amount, 
 
 forth by 
 3 subject 
 ir as may 
 
 stock of 
 
 books to 
 specially 
 corded — 
 
 it incor- 
 
 11 
 
 t^hTeor *^' ^'^'^P^"^^' ^' ^^''' ^^■'^'^y '-^^id every By-Law 
 
 2nd.-The names, alphaboticallv arrano-ed of all 
 persons who are or have been Shareholders ; 
 
 3rd.-The address and callin- of every such per- 
 son, while such Shareholder ; ^ 
 
 SharehlldTr^'^ ™'" °'''""" ^^'^^^^ ""^'^ ^^ ^^^ 
 
 5th.--The amounts paid in, and remaining unpaid 
 respectively, on the stock of each Shareholder f ' 
 
 6th.-All transfers of stock, in their order as pre- 
 sen ed to the Company for entry, with the date Tnd 
 other particulars of each transfer, and the date of the 
 entry thereof; and 
 
 7th.— The names, addresses and calling, of all per- 
 sons who are or have been Directors of the Companv • 
 vvith the several dates at which each became or ceased 
 to be such Director. 
 
 19.-The Directors may refuse to allow the entrv 
 into any such book of any transfer of stock, whereof the 
 whole amount has not been paid in ; and no transfer 
 made with the view of relieving the transferor Trom 
 pre-existing debts of the Company, shall be valid o^ 
 prevent any antecedent creditor from exercising his 
 remtedy against such transferor, in the same way as if 
 he had continued to be aShareholder in such Companv • 
 provided that nothing in this sub-section shall prevent 
 the eflect of chapter seventy of the Consolidated Statutes * 
 ot Canada, as regards any such stock seized and sold in 
 execution. 
 
 2O.-N0 transfer of stock shall be valid for any pur- 
 pose whatever, save only as exhibiting the rights of the par- 
 ties thereto towards each other, and as rendering Te 
 tiansferee liable ad interim jointly and severally with 
 
12 
 
 the transferor, to the Company and their creditors, — 
 until entry thereof has been duly made in such book- or 
 books. 
 
 21. — Such books shall, during' reasonable biisiness 
 hours of every day, except Sundays and obligatory holi- 
 days (fetes (rohligution), be kept open for the inspection 
 of Shareholders and Creditors of the Company, and 
 their personal representatives, at the office or chief place 
 of business of the Company ; and every such Shareholder, 
 Creditor or representative may make extracts therefrom. 
 
 22. — Such books shall be prima facie evidence of all 
 facts purporting to be thereby stated, in any suit or i)ro- 
 ceeding against the Company, or again.st any Share- 
 holder. 
 
 23. — Every Director, Officer or Servant of the 
 Company, who knowingly makes or assists to make any 
 untrue entry in any such book, or who reiuses or neglects 
 to make any proper entry therein, or to exhibit the same, 
 or to allow the same to be inspected, and extracts to be 
 taken tl'^^refrom, shall be liable to a penalty not exceed- 
 ing twenty dollars, for making each such untrue entry, 
 and for each such refvisal or neglect, and also for all loss 
 or damage which any party interested may have sus- 
 tained thereby. 
 
 24. — The Company shall not be bound to see to 
 the execution of any trust, whether expressed, implied 
 or constructiA'e, in respect of any shares ; and the receipt 
 of the Shareholder in whose name the same may stand 
 in the l>ooks of the Company, shall be a valid and bind- 
 ing discharge to the Company for any dividend or money 
 payable in respect of such shares, and whether or not 
 notice of such trust shall have been given to the Com- 
 pany ; and the Company shall not be bound to see to 
 the application of the money paid upon such receipt. 
 
 ^|^»»f;««*«5»":S 
 
13 
 
 creditors, — 
 ich book' or 
 
 le biisincss 
 "•atory holi- 
 inspoctiou 
 mpany, and 
 ' chiol' place 
 hareholder, 
 s therefrom. 
 
 deuce ol" all 
 suit or i)ro- 
 auy Share- 
 
 aut of tlie 
 make auy 
 i or neii'lects 
 it the same, 
 tracts to be 
 lot exceed- 
 itrue entry, 
 ) for all loss 
 ' have sus- 
 
 d to see to 
 >ed, implied 
 I the receipt 
 ! may stand 
 1 and bind- 
 id or money 
 ther or not 
 ;o the C om- 
 ul to see to 
 receipt. 
 
 2.5.— Every contract, agreement, eno-ao-ement or 
 bargain made, and every bill of exchanoe drawn 'ac- 
 cepted or endorsed, and every promissory note 'and 
 cheque made, drawn or endorsed on behalf of the Com- 
 pany, by any agent, officer or servant of the Company 
 m general accordance with his powers as such, under 
 the by-laws of the Company, shall be bhiding upon the 
 Company ; and in no case shall it be necessary to have the 
 seal of the Company affixed to any such contract, agree- 
 ment, engagement, bargain, bill of exchange, promis'sory 
 note or cheque, or to prove that the same was made, 
 drawn, accepted or endorsed, as the case may be, in 
 pursuance of any by-law, or special vote or order ; nor 
 shall the party so acting as agent, officer or servant of 
 the Company, be thereby subjected individuallv to any 
 liability whatsoever to any third party thereibr ; pro- 
 vided always that nothing in this section shall be con- 
 strued to authorize the Company to issue any note 
 payable to the bearer thereof, or any promissory Aote in- 
 tended to be circulated as money, or'as the note of a bank. 
 
 26.— Each Shareholder, until the whole amount of 
 his stock has been paid up, shall be individually liable 
 to the Creditors of the Company, to an amoun't equal 
 to that not paid up thereon, but shall not be liable to an 
 action therefor by any Creditor, before an execution 
 against the Company has been returned unsatislied in 
 whole or in part; and the amount due on such execution 
 shall be the amount recoverable, with costs, against such 
 Shareholders. 
 
 27.— The Shareholders of the Company sliall not 
 as such be held responsible for any act, default or liability 
 whatsoever, of the Company, or for any ein.-agement, 
 claim, payment, loss, injury, transaction, matter or thing 
 whatsoever, relating to or connected with the Companv 
 beyond thi' amount of their respective shares in the' 
 capital stock thereof. 
 

 14 
 
 28. — No person holding- stock in the Company as 
 an executor, administrator, tntor, curator, guardian or 
 trustee, shall be personally subject to liability as a Share- 
 holder, but the estates and funds in the hands of such 
 person, shall be liable in like manner, and to the same 
 extent, as the testator or intestate, or the minor, ward or 
 interdicted person, or the person interested in such trust 
 fund, would be, if living and competent to act, and hold- 
 ing such stock in his own name ; and no person holding 
 such stock as collateral security, shall be personally sub- 
 ject to such liability, biit the person pledging such stock 
 shall be considered as holding the same, and shall be 
 liable as a Shareholder accordingly. 
 
 29. — Every such executor, administrator, tutor, 
 curator, guardian or trustee, shall represent the stock in 
 his hands, at all meetings of the Company, and may vote 
 accordingly as a Shareholder ; and every pt ••?• jn who 
 pledges his stock may nevertheless represent the same at 
 all such meetings, and may vote accordingly as a share- 
 holder. 
 
 y 
 
 30. — If the Directors of the Company declare and 
 pay any dividend when the Company is insolvent, or 
 any dividend the payment of which renders the Com- 
 pany insolvent, or diminishes the capital stock thereof, 
 they shall be jointly and severally liable, as well to the 
 Company as to the individual Shareholders and Creditors 
 thereof, for all the debts of the Company then existing, 
 and for all thereafter contracted dxiring their continuance 
 in oflice, respectively ; but if any Director present, when 
 such dividend is declared, do forthwith, or if any Direc- 
 tor then absent do, within twenty-four hoiirs after he 
 shall have become aware thereof, and able so to do, enter 
 on the minutes of the Board of Directors, his protest 
 against the same, and do within eight days thereafter 
 l)ublish such protest in at least one new^spaper, published 
 
 J'fflpptSHW****^^^ 
 
ompany as 
 uardian or 
 ■ as a Share- 
 ds of such 
 > the same 
 DV, ward or 
 I such trust 
 t, and hold- 
 on holding 
 onally sub- 
 such stock 
 d shall be 
 
 itor, tutor, 
 lie stock in 
 i may vote 
 c :■>'• JU who 
 the same at 
 as a share- 
 
 leclare and 
 solvent, or 
 3 the Com- 
 ck thereof, 
 well to the 
 d Creditors 
 n existing-, 
 ^ntinuance 
 sent, when 
 any Direc- 
 rs after he 
 to do, enter 
 tiis protest 
 thereafter 
 , published 
 
 15 
 
 at or as near as may be possible to the ollice or chief place 
 of business of the Company, such ]Jirector may thereby, 
 and not otherwise, exonerate himself from such liability! 
 
 31.— No loan shall be made by the Company to any 
 fcihareholder, and if such be made, all Directors and 
 other officers of the Company making the same, or in 
 any wise assenting thereto, shall be jointly and severally 
 liable to the Company for the amount of such lo >n,— and 
 also to third parties, to the extent of suchloan wahle"al 
 interest,-for all debts of the Company (•ontracted from 
 the time of the making of such loan, to that of the re- 
 payment thereof. 
 
 32.— Any description of arition may be prosecuted 
 and maintained between the Company 'and any .Share 
 holders thereof, and no Shareholder, not being himself 
 a party to such suit, shall be incompetent as a witness 
 therein. 
 
 33.— The Charter of the Company shall be forfeited 
 by non-user during three consecutive years, at any one 
 time, or li the Company do not go into actual operation 
 within three years after it is granted ; and no declaration 
 ot such iorleiture by any act of the Legislature shall be 
 deemed an infringement of such Charter. 
 
 By Command, 
 
 (Signed,) E. PAREUR, 
 
 Assistant Secretnry. 
 
 In Testimony whereof, we have caused these our 
 Letters to be made Patent, and the great seal of our said 
 1 rovince oi Canada to be hereunto affixed : Witness 
 oiir Right Trusty and Well Beloved Cousin The Ri-rht 
 Honorable Charles Stanley Viscount Monck, Baron 
 Monck of Ballytrammon in the County of Wexford 
 
IB 
 
 Governor OciKM-al of llvitish North America and Caiilaiu 
 Goiu'ral and (rovornor in (.Miicfiii and ovi-v Onr Provinces 
 of Canada, Nova Scotia, Now llrunswick and the iNlaiul 
 of Trinct^ Kdward, and Vice- Admiral of the same, kc, 
 <S:c., &c.. At Our Government House in Our City of 
 (Quebec, in Our said Province, this niutli day of .lune in 
 the year of Our Lord one th(msand eiuht himdred 
 and sixty-live, and in the twenty-eighth year of Our 
 lieigu. 
 
 ;*«gW«'i»«?WWTW- 
 
I Captain 
 'rovinroN 
 ho Ishuul 
 ami', iScc, 
 r City of 
 i' .Tunc in 
 hundred 
 ir oi" Our 
 
 PROSPECTUS 
 
 OK TUB 
 
 C6rcat llanilouliii ©il (!|Dmjjan]|. 
 
 CAriTAL $300,000. 
 
 Jn Shares o/ $10 each. 
 
 1'IHIS Company has acquired the control, under special 
 - consent obtained from the Indians of the Great 
 Manitoulin Island, of the exclusive right to explore for 
 Tetroleum Oil=i«= over the whole extent of their Eeserve, 
 comprising an area of 273,000 acres ; and have also pur- 
 chased from the lessees a grant or license from the 
 Government of Canada of ten locations of one hundred 
 acres each, to be selected by the Company from a tract 
 of about 75,000 acres, known as Cape Smith, and formino- 
 part and parcel of the above-mentioned Reserve, the 
 tenure of the said location extending over a period of 
 ten years. 
 
 As no investment of capital was at the outset ne- 
 cessary, the Company begins its financial operations 
 
 * The oil springs on this Continent were long [ago known to the 
 first Missionaries. In the relations of the Jesuit Fathers in Canada for 
 the year 1657, vol. 3, page 33, chap, xi., they are fully descrihed thus :— 
 " Approchant d'avantage du pays des Chats, on voit une eau dormante et 
 epuissc qui s'enflamme comme I'eau de vie, et (jui s'agite par bouillons do 
 llamme aussi-tost qu'on y a jett^- du feu : aussi est clle si huileuse, qu'elle 
 fournit a tous nos Sauvages de quoi s'oindre et so graisser la tSte et lo 
 reste du corps." 
 
 C 
 
18 
 
 under the Charter which has just been granted them 
 under letters patent of the Province of Canada, without 
 any liabilities. 
 
 The license is granted upon the conditions of paying 
 a moderate rent or bounty to the Indian Department, 
 for the beneiit of the Indians, to the amount of about 
 one cent per gallon on all Oil obtained in the territory 
 during the term of the lease, and without any further 
 taxes or charges whatsoever. The license also admits 
 of the use of all building materials, fuel and timber re- 
 quired for the purposes of the Company, subject only to 
 the ordinary trilling Crown dues on timber. 
 
 The property is of easy access, being on the route 
 of steamers plying on Lake Huron. Consequently, 
 direct communication may be maintained with tlie rail- 
 way lines in Canada and the United States ; and vessels 
 may be loaded at the wells and sail direct to any foreign 
 port without transhipment. The harbors are deep and 
 safe, as will be seen on reference to a coi>y of Baylield's 
 Map and Chart attached. 
 
 The distance from the oil region to Collingwood — 
 the nearest point where railway communication may be 
 had to all parts of Canada and the United States, is one 
 hundred and twenty miles. 
 
 The Oil, as proved by samples taken on Cape 
 Smith, where surface indications most abound, possesses 
 the finest lubricating qualities. Samples were obtained 
 by sinking holes from eighteen inches to two feet deep, 
 which immediately filled with water and oil mixed. 
 The oil was skimmed from the surface, and in the short 
 space of one hour, a gallon measure of oil was collected 
 in this manner. It is thought, therefore, that the surface 
 indications are of a character so unmistakable and prom- 
 ising a{> to justify the inference, which will shortly be 
 practically tested, that an abvindant supply of the article 
 can be obtained from surface wells at a very trifiing cost. 
 
 The explorations also establish the fact that the oil 
 
19 
 
 is brought to the surface by springs ol" water, =^ which 
 would appear to render it probabk^ that an abundant 
 supply exists at a depth beneath the surface. 
 
 Large masses of Shale also crop out of a ridge runn- 
 ing the whole length of Cape Smith, specimens of which 
 were found to be strongly impregnated with the Oil. 
 
 The Stock of the Company consists of 30,000 Shares 
 of $10 each, and there is a balance of cash now on hand 
 sufficient to carry on extensive operations for the ensuing 
 year without depending upon any return from the oil 
 obtained. The Directors have secured the services of 
 practical men, and have already sent them, provided with 
 ample machinery, to commence operations on a large 
 scale on Cape Smith. 
 
 The advantages which the Company offers are — 
 
 1st. — An immense territory and indisputable title. 
 
 2nd. — No liabilities whatever on the part of the Com- 
 pany and Shareholders. 
 
 3rd. — No taxes or charges whatever, except the trifl- 
 ing one named, the Company being entitled to all the 
 oil produced. 
 
 4th. — Small working expenses, cheap manual labour, 
 and all materials at hand. 
 
 5th. — No possible interference from other parties 
 striking wells detrimental to those of the Company. 
 
 6th. — Cheap and easy communication for forwarding 
 purposes. 
 
 7th. — Integrity of the projectors and their own per- 
 sonal interest in the welfare of the Company. 
 
 • Beyond Beaufort Bay, the shales run along the south side of the 
 small island north of Maple Point on the Great Mauitoulin, which has 
 already been alluded to, where they rest on the Trenton beds. From 
 Cape Smith to this position, the thickness of the deposit does not any- 
 where exceed about 50 feet. Some of the beds of the formation in this 
 part are more than usually bituminous, and on the island north of Maple 
 Point a spring of petroleum runs from them, — Logan's Geology of Canada, 
 chapter x., page 216 and 217. 
 
BY-LAWS, RULES & REGULATIONS 
 
 OP THB 
 
 $nnt PEnit0uIin ©il (J^ompuji, 
 
 MEETINGS OF STOCKHOLDERS. 
 
 1. — The chief place of business of the Company shall be at the 
 City of Montreal, and there shall be another place of business of the 
 Company at or near the place where their operations, under their 
 charter are carried on ; and such other branches or places of business 
 elsewhere as the Board of Directors may appo'nt. 
 
 2. — The Annual General Meeting of the Stockholders of the 
 Company shall be held at the Ofl&ce of the Company in Montreal, on 
 the second Wednesday in January, in each year, at twelve o'clock noon, 
 or at such other hour as the Directors may appoint ; at which Meet- 
 ing shall be exhibited the Annual Financial Statement of the 
 affairs of the Company made up to the 31st December preceding, and 
 a Report of operations by the Directors thereof. 
 
 3. — At all such Annual Meetings an Auditor shall be appointed, 
 for the purpose of auditing and verifying the accounts of the current 
 year, and such Auditor shall not necesBarily be a stock holder. 
 
 4. — Special General Meetings of the Stockholders of the Com- 
 pany shall be called by the Secretary whenever he shall be ordered 
 to cull such Meeting by a resolution of the Board of Directors; and 
 also, whenever the Directors shall be required so to do by a requisi- 
 tion in writing, signed by Stockholders in the Company holding one- 
 half of the subscribed Stock thereof; but, in every such case, such 
 resolution of requisition, as the case may be, shall contain a dintinct 
 
22 
 
 statement of the purposes for which such Special Meeting is called, 
 and no other business shall be transacted at such Meeting than such 
 as shall be mentioned in such statement. 
 
 5.— Public notice of every General Meeting of the Stockholders 
 of the Company shall bo given, by advertising the same in two news- 
 papers published iu the City of 3Iontreal, one French and one 
 English, by at l«-ast three insertions in each, the first of which inser- 
 tions shall be at least fifteen days previous to the day fixed for such 
 Meeting ; and also by letter or telegram addressed (prepaid) to the 
 last known residence or place of business of such Stockholder ; and if 
 such Meeting be the Annual General Meeting, such notice may be 
 in general terms ; but if the Meeting to be held be a Special General 
 Meeting, then such advertisement and notice shall contain the same 
 statement of the purpose for which such Meeting is to be held, as is 
 contained in the resolution or requisition, as the case may be, under 
 which such Special Meeting is called. 
 
 6 —If, from any cause, the Annual General Meeting of Stock- 
 holder shall not be held, or legal notice thereof shall not have been 
 given • or if, from any cause, the election of Directors shall not take 
 place on the day hereby fixed for that purpose ; it shall be the duty 
 of the Directors for the previous year, who shall remain in office until 
 their successors are elected, to cause a Special Genera! Meeting of the 
 Stockholders to be called and held as soon as may be thereafter, for 
 the purpose of transacting the business of the Annual Meeting ; and 
 at such Meeting Directors may be elected, and all other matters or 
 things may be passed upon and done, as if such Meeting were in fact 
 the Annual Meeting of the Stockholders of the Company. 
 
 7. — At all Meetings of Stockholders the question shall be decided 
 by a majority of votes, every share being entitled to a vote ; and all 
 proprietors of shares may vote by proxy, as he, she, or they may see 
 fit, provided that such proxy be a Stockholder in the Company, and 
 produce from his. constituent, or constituents, an appointment in writ- 
 ing to that effect, in the following words, or in words equivalent thereto, 
 viz : 
 
 of 
 
 the Shareholders 
 hereby appoint 
 
 of the Great Manitoulin Oil 
 
 one of 
 
 Company, dc 
 to be my 
 
23 
 
 Proxy, (he being a Shareholder, as required by By-Law) and in my 
 absence to vote or give my assent to, or dissent from, any business 
 matter or thing, relating to the said undertaking, that shall be men- 
 tioned or proposed at any Meeting of the Shareliolders of said Com- 
 pany, or any of them, in such manner as he, the said 
 
 . shall think proper. 
 
 18 
 
 8. — No party shall be entitled to vote upon any share or shares 
 on which any regular instalments have become due and remain unpaid. 
 
 9. — At any Annual Meeting, it shall be competent to the Share- 
 holders present, to determine and vote an aimual amount for the re- 
 muneration of the President and Directors. 
 
 THE DIRECTORS. 
 
 10. — The business and affairs of the Company shall be conducted 
 and managed by nine Directors. 
 
 11. — The Directors at their first Meeting after their election, 
 shall elect one of their number to be President, and another to be 
 Vice-President for the ensuing year. 
 
 12. — It shall be the duty of the President to preside at all 
 Meetings of the l?oard of Directors, and of the Shareholders; to attend 
 generally to the executive business of the Company, under the 
 direction of the Board ; and he shall be ex officio a Member of all 
 Committees, and no cheque, bond, certificate of stock, contract, or 
 any other instrument in writing, shall be binding or obligatory on the 
 Company, unless signed by the President, and countersigned v the 
 Secretary or Treasurer. 
 
 13. — In the absence of the President, the Vice-President shall 
 have all the powers, and perform all the duties of the President ; and 
 in such case, his signature shall have the same ibrce and validity as 
 that of the President : and if the President shall bo absent from any 
 Meeting of the Directors, the Vice-President, if present, shall preside, 
 and in the absence of both, one of the other Directors shall be named 
 
21 
 
 actinj; Prcsidoiit, and sliall be invested with the powers, and pertbnn 
 tlie duties of the President for the time being. 
 
 !•*• — The Directors shall hold Meetings as may be required, and 
 Special Meetings of the Directors shall be called by the Secretary when- 
 ever lie shall rocoivc an order from the President, or in his absence, 
 from the Vice-President, or a rc(juisition in writing, from any three 
 Directors to that effect ; Imt such Meetings shall not be valid unless 
 notice shall have been given to every Director of such Meeting fifteen 
 days previous thereto, or notice shall have been mailed or telegraphed 
 to his address tifteon days before the day fixed for such Meeting. 
 
 15. — Five Directors shall form a Quorum of the Board. 
 
 1(!.— No person having directly, or indirectly, any interest in 
 any contract witli the Company shall be a Director thereof; and if, at 
 any time, any Director shall acquire, or come to hold such an inter- 
 est, he sliall, ipso facto, cease to be a Director of the Company, and 
 his office shall become vacant within the meaning of the Letters Patent 
 of Incorporation, and another person, duly qualified, shall be forthwith 
 elected a Director in his place. 
 
 17.— It shall be the duty of the Directors, from time to time, 
 to declare such Dividends upon the Capital Stock of the Company, 
 or upon su(th portions thereof as shall have been subscribed for and 
 paid up, as they shall deen-. fit : provided always, tliat such Dividends 
 shall only be declared when they shall be justified by the actual profits 
 made by the Company. 
 
 18.— The Doard of Directors shall have full power to fix and 
 determine all salaries and renmnerations to be accorded to the 
 Auditors, Olfieors, and Servants of the Company, and to alter and vary 
 the same as they may deem fit. 
 
 CALLS. 
 
 19. — The Directors shall have power, with the sanction of the 
 Shareholders obtained at any General Meeting, to issue new Stock 
 within the amount limited by the Letters Patent of Incorporation ; 
 and to niako the same payable in Cash at any time, not less than 
 
25 
 
 ouo moutli from the time sucli Stock sliallbe subscribed Ibr, provided, 
 liowevcr, tliat notliiiig herein contained nliall prevent the Directors 
 from maicing Calls payable in monthly instalments of 10 per cent, 
 each, if tliey see fit to do so. 
 
 20.— The Shareholders shall be held and bound to pay the Call 
 or Calls at the time or times named in a public notice to be given, 
 and in default of so doing, the Directors may charge interest on the 
 overdue instalments at the rate of the last declared Dividend. 
 
 21.— Any Share, or Shares, upon which any Instalment remains 
 overdue and unpaid for a period of fourteen days, maybe declared 
 forfeited by a resolution of the Board of Directors, who shall have the 
 power, after one month's notice of such resolution by letter through 
 the Post Office to the usual address of the party subscribing for such 
 Share, or Shares, to sell the same for tlic benefit of the other Share- 
 liolders in said Company, in proportion to their respective interests ; 
 and such party subscribino; shall have no claim whatever for or in 
 respect to such Share, or Shares, that shall be thus sold, or for any 
 payment lie, or they, may have made thereon. 
 
 THE STOCK OF THE COMPANY AND ITS TRANSFER. 
 
 22.— No Transfer of Stock shall be valid unless made on the 
 books of the Company, at its office in Montreal ; nor shall any Trans- 
 fer of Stock be made on the said Books at any time during the fifteen 
 days next previous to the Annual General Meeting of the Stockholders 
 of the Company. 
 
 23.— No Transfer of any Stock of which any portion remains 
 unpaid, shall bo made or be valid while any overdue Call thereon is 
 unpaid ; nor until any Call then made, and falling due within eight 
 days thereafter, (if any there be) shall also be paid. 
 
 24.— No Transfer of Stock shall be made or be valid, at any 
 time, within fifteen days next previous to the limo fixed for the pay- 
 ment of any Dividend. 
 
 f^" 
 
20 
 
 25. — The Scrip Certificate of paul-up Stock sliall be in tlio 
 
 followinn; form : — 
 
 INCORPORATED 1865. BY LETTERS PATENT OF THE T'ROVINCK 
 
 OF CANADA. 
 
 Sh 
 
 Hires. 
 
 THE GREAT MAXITOULIN' OIL COMPANY. 
 
 Capital Stock, 8300,000. 
 
 P>0,000 Shares of $10 each 
 No. of Certificate 
 
 Tins IS TO Certify that 
 
 is holder of 
 
 Shares in the Capittil Stock of tlic (ireat Manitoulia Oil Company, 
 whereof the full value of Ten Dollars jier Share has been paid, trans- 
 ferable only on the Books of the Company in person, or by Attorney. 
 
 3I0NTREAL. 
 
 IS 
 
 S C0.M1'AXV'.S ] 
 
 President. 
 _Sccretan/. 
 
 2(i. — The Transfer of Stock shall be made, upon the books of 
 the Company, in the following form : — 
 
 For Value Received from 
 of 
 
 do hereby 
 
 as.sii>u and transfer unto the said 
 
 each of which has been paid 
 amountins; to the .sum of 
 
 Shares (on 
 
 Dollars, 
 
 Dollars) 
 
 in the Capital Stock of the Great JIanitoulin Oil Company, subject 
 tri tlio Rules and Regulations of the said Company. 
 
Witness 
 (.lay of 
 dred aud 
 
 27 
 
 hand, at the Company's Office, this 
 
 in the year one tliousand eijilit hun- 
 
 of 
 
 do hereby accept the forcjioinfr Assiiiinnent of 
 
 Shares in the .Stock of the Great Manitoulin Oil Company, assigned 
 
 to as above mentioned, at the Company's Office, thi;j 
 
 '!''}■ f'f . - ^ _ _ one thousand 
 
 ci";ht hundred aud 
 
 -7. — Tlio Accounting Department aiul Office business shall be 
 managed by a Secretary appointed by the Directors. It siiall be 
 his duty to attend tlie Meetings of the Board of Directors, 'keep a 
 regular record of its proceedings, and give notice of Stated and 
 Special Meetings. lie shall countersign all cheques, bonds, certi- 
 ficates oi stock, contracts, and other instruments, when signed by the 
 President or Vice-President, as the case may be ; shall have custody 
 of the seal of the Company ; shall keep and have charge of the books, 
 records, securities, muniments, and accounts, pertaining to the Office : 
 shall conduct the correspondence and manage the general business of 
 the Company. 
 
 The wliole under the immediate direction of the President, and 
 under the instructions of the Board of Directors, 
 
 28. — The Secretary shall prepare a complete Annual Statement 
 of the receipts and disbursements, and of the financial affairs of the 
 Company to the thirty-first day of December of each year for sul)- 
 mission to the Stockholders at their Annual General Meeting, on the 
 second Wednesday of January. 
 
 29. — The Treasurer shall have the custody of all the funds of 
 the Company, until the same shall be divided or appropriated by the 
 lie shall make his deposits in such Banks or 
 
 Board of Directors. 
 
28 
 
 other place of security as tlie Directors slii.ll appoint, ai;d liis Hank 
 account shall he kept in the name of the Company. He shall sign 
 receipts and acknowled-cmonts for all moneys and other i)roperty of 
 the Corporation or Company which may come into his hands, and 
 disburse and appropriate the same only under the direction and with 
 the sanction of the Board of Directors. He shall also render a full 
 and particular statement of his cash accounts, accompanied with 
 Vouchers at every annual mcctin,;;- of the Company, showing the 
 condition of its financial affiurs, and a similar account at any regular 
 meeting of the Stockholders, when required by a vote thereof so to 
 do. And he shall not draw any money from the bank of deposits 
 except by his drafts or cheques, countersigned by the Pi'esident or 
 Vice-President. 
 
 ;}0. — Tiie President shall have the control an:^ ;,.anagemcnt of 
 the OfBccrs and servants of the Company, with power to engage and 
 discharge them from time to time, and to make the necessary rules 
 and regulations for their conduct and guidance. 
 
. ,u.-i 
 
 iftHttiMiii 
 
 ■■ff.>y.".*nffrf) . ■■ii.'yt. ■ 
 
 -•i.!r.w.-.gfti'-; 
 
 Hi