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Lea diagrammea suivanta illuatrant la mithoda. 32X 1 2 3 1 2 3 4 5 6 ( T< W oti m R( Pi of Uo to 8h< ral ch iss no int su< on by dir sea for in I sh( Ac unl CORPORATION OF TORONTO. ii' wv^'SA^'^^^^V^^ A N A C T TO AUTHORIZE THE CORPORATION OF THE CITY OF TORONTO TO SUBSCRIBE FOR STOCK IN THE TORONTO AND GUELPH RAILWAY COMPANY, TO THE AMOUNT OF ONE HUNDRED THOUSAND POUNDS. Paned December let, 1851. Whereas, by the Railway Clauses Consolidation Act, it was amongst other things enacted, that the Municipal Corporations in this Provineo might suLjcribe for any number of shares in the Capital Stock of any Railway Company which shon!,^ by any Act of the Parliament of this Province be thereafter incorpumted ; or lend to or guarantee the payment of any sum of money borrowed by the said Company from any corpora- tion or person, or endorse or guarantee the payment of any Debenture to be issued by the Company for the money by them borrowed, and should have power to assess and iQvy from time to lime upon the whole rateable property of the Municipality a sufficient sum for them to dis- charge the debt or engagement so contracted, and for the like purpose to issue Debentures, payable at such time and for such sum respectively not less than Five Pounds, Currency— and bearing or not bearing interest, as such Municipal Corporation may think meet ; and that any such Debenture issued, endorsed or guaranteed should be valid and binding on such Municipal Corporation if signed or endorsed, and countersigned by such officer or person, and in such manner and form as should be directed by any By-Law of such Corporation, and that the Corporation seal thereto should not be necessary, ncr the observance of any other form with regard to the said Debentures, than such as should be directed in such By-Law as aforesaid. And also, that no Municipal Corporation should subscribe for Stock, or incur any debt or liability under the said Act, or the Special Act incorporating: the said Comnnnv «nlo«- -»^ until a By-Law to that effect should have been duly made and adopted, 04 with tho consent first had of a majority of th« qualified Electori of the Municipality, to be ascertained in such manner as should be determined by the said By-Law, after public advertisement thereof containing a copy of such By-Law, inserted at least four times in each newspaper printed within the limits of the Municipality ; or if none be printed therein, then in one or more newspaper printed in the nearest City or Town thereto, and circulated therein, and also put up in at least four of the most public places in each Municipality. And also, that the Mayor, Warden or Reeve, being the head of such Municipal Corporation subscribing for and holding Stock in the said Company to the amount of Five Thousand Pounds, or upwards, should be and continue to be eX'Officio one of the Directors of the said Company, in addition to the number of Directors authorized by the Special Act incor- porating the same, and should have the same rights, powers, and duties as any of the Directors of the said Company : And whereas, by a certain Act of the Legislature of this Province, passed during the last Session, a Company was incorporated for the purpose of constructing a Railroad from the waters of Lake Ontario within the limits of the City of Toronto to the Town of Guelph, to be called the " Toronto and Guelph Railway Company," and the provi- sions of the Railway Clauses Consolidation Act hereinbefore recited were amongst others incorporated in the said last-mentioned Act: And whereas at a public meeting of the Citizens of Toronto, convened by the Mayor of the said City, upon a requisition of the inhabitantf thereof, and held at the St. Lawrence Hall on the second day of October, 1851, it was resolved that — " It is the opinion of this meeting that the Corporation of the City of Toronto should, without delay, subscribe for Stock in the Books of the < Toronto and Guelph Railroad Company,' to the amount of £100,000 1 '• And whereas the construction of~the said Railway will attract to the said City a new, important and extensive trade, and will promote the prosperity, and increase the wealth of the said City, and it is deemed advisable that the said City of Toronto should subscribe for the said number of Shares in the said Capital Stock of the said Company, and should issue Debentures to the amount of One Hundred Thousand Founds for the payment thereof: Be it therefore enacted by the Mayor, Aldermen and Commonalty of the City of Toronto, That it shall and may be lawful for the Mayor of the said City of Toronto, to subscribe for Stock in the said Toronto and 55 Ouelph Railway Company, to the amount of One Hundred Thousand Pounds* for and in behalf of the said City of Toronto, and for payment of the said Slock It shall and may be lawful for, and it shall be the duty of the Mayor, for the time being, of the said City, to raise by way of loan, at a rate of interest not exceeding six per centum per annum, from any person or persons, bodies politic or corporate, who may be willing to lend »hc same upon the security of the Debentures hereinafter men- tioned, a sum or sums of money not exceeding in the whole the said sum of One Hundred Thousand Pounds, and to cause the same to be paid into the hands of the Chamberlain of the said City of Toronto, for the time being, to be by him applied under the direction of the Common Council of the said City of Toronto, for the time being, in paying the instalments upon the said Stock so subscribed as the same may bo called in or become due and payable ; or to couse to be issued Debentures for the said sum of One Hundred Thousand Pounds, in ihe manner hereinafter provided, with interest payable half yearly, and to cause such Deben- tures to be delivered to the said Toronto and Guelph Railway Company, as, and when such calls or instalments upon the Capital Stock of the •aid Company shall be made or become due and payable under and by virtue of the Act incorporating the said Company, in payment and satisfaction of the said calls upon the said Stock so subscribed for in the •aid Company. 2. That it shall be the duty of the Mayor of the City of Toronto, for the time being, from time to time, to cause any number of Deben- tures to be made out in such amounts as to him shall seem fit, and not exceeding in the whole the said sum of One Hundred Thousand Pounds, which said Debentures shall be under the common seal of the said City of Toronto, signed by the Mayor and countersigned by the Chamberlain, fo the time being, of the said City of Toronto, and shall bear interest not exceeding six per centum per annum, payable half-yearly, and shall be made r^^deemable at the Bank of Upper Canada, in Toronto : Provided always, that none of the said Debentures shall be for a less sum than ^25, nor payable at a more remote period than twenty years from the issuing thereof. And provided farther, that it shall and may be lawful for the said City of Toronto, at any time or times, when it may be deemed advisable so to do, to redeem any of the said Debentures before the same may become due, either by sale of the whole or any part of the Capital Stock so subscribed f"r as aforesaid, or which may, from •txiiv w Mtiic, uc iiciu .ujr u*c suiu \^iiy oi xurunto, or out oi any lunaa M which iDfty from time to time b« at iho dinpoflal of th« said Commua Council of the anid City of Toronto, and not otherwise appropriated, upon giving six months' notice of their intention to redeem the same, in two or more of the public newspapers of the said City of Toionto. 3. That the dividends from time to time paid upon the Stock ao subscribed for in the said Toronto and Guelph Railway Company, and received by the said City of Toronto, shall be applied under the oireclion of the Common Council of the said City of Toronto, in the fust place, in payment of the interest accruing upon the said Dehenturc.^, and tha surplus in the redemption of such of the said Debentures as the said Common Council may from time to time think fit to redeem. 4. That for the payment of the half-yearly interest from time to time accruing, due and payable upon the said Dobenluros respectively, there shall be raised, levied, and collected, in each and every year, an equal rate in the pound upon the assessed value of all the rateable property in the said City of Toronto, and the liberties thereof, over and above all other rates and toxes, sufficient to pay the said holf-yearly interest, or so much thereof as shall not be met or paid by the dividends from time to time received upon the said Stock in the said Company, and such rate shall be collected and paii\ over to the said Cham- berlain of the said City for the time being, at the same time and in the same manner as other ratei are collected and paid over. And for the payment and redemption of the principal money secured by the said Debentures, there shall be raised, levied, and collected in the yeor next before such Debentures shall respectively fall due, an equal rale in the pountl upon the assessed value of all rateable property in the said City of Toronto and tho liberties thereof, over and above all other rates and taxes whatsoever, sufficient to pay the principal money secured by such Debentures so respectively falling due as afoiesaid,or so much of said part thereof as shall remain unpaid after the surplus of the dividend hereinbefore mentioned and appropriated shall have been applied in liquidation thereof, or by a loan to be raised upon other Debentures, to be issued for such sums, redeemable at such periods as by an act of the Common Council of the said City of Toronto may be declared and enacted. 5. That for the purpose of obtaining the assent or dissent of the qualified Electors of the said City of Toronto to this By-Law, in pur^ suance of the provisions of the said Railway Clauses Consolidation Act, hereiubeiore recited, it shail be the duty of the Mayor of the said City of Toronlo, to cause such By-l.nw to be published at least four timet in wch and every newspaper printed in the said City of Toronto, and to cause C()|)ios thereof to be put up and afl'ixed at the St. Lawrence Hall, the cc.rner of Yonge and Queen Streets, the Court-House, and St Patrick's Market — being four of the most public places in the said City of Toronlo— and to onus*! n Poll to be opened, iield, and taken, at such place ond time, in onch of the Wards of the said City of Toionto, %* may by proclamation under his hand be appointel, ond in the some manner as a Poll would be taken for the election of Aldermen and Common Councilmen for the said City, at which the qualified Electois of the said City of Toronto may record their votes in favour or ngainst the said By-Law : Provided always, that such Polb shall not be opened until after the publication of the said By-Law, according to the provisiona of the said Railway Clauses Consolidation Act, hereinbefore in part recited. (Signed,) JOHN G. BOWES, Mayok. Common Council Chamber, Toronto, December 1st, 1861, [0eaL] (Gigned,) A. T. McCORD. Chamherlain. 1 ^^^^^^^^N^^**^^*^^ We, CiiABLEB Daly, Clerk, and Andrew T. McCohd, Chamberlain, of the Corporation of the City of Toronto, do hereby certify that the above is a true copy of a By-Law passed by the Mayor, Aldermen, and Comm< nnlly of the City of Toronto, authorising the subscriptions of Stock in the Toronto and Guelph Railway Company by and on behaU of the Corporation of the City of Toronto ; and that the said By-Law was introduced into the Council of the said Corporation of the City of Toronlo on the Ninth day of October, 1851 ; was read a second A'. -_ lU. O L,._iU J~.. nf Ci^*r\\\ar • \xtaa Att\\i aAv t>,rt\tipA in fill thfi m iiewiptpcn publiihed in the City of Toronto, from the Twentieth day of October to the St-ventrenth day of Nov«'rnl»«*r, and by o Proclamation of John O. Bowps, Kaquire, Mayor of iho Raid City of 'Joronto, bearing date the Eleventh day of November, and publinhed in the manner required by the Rhiiway Clausen Consolidation Act ; was referred to th« qualified Electors of the said Muniopal Corporation of Toronto, for their approval, on the Eighteenth and Nineteenth days of November, and having been then and there approved by a majority of such Electors, the said By-Law won finally passed by the Mayor, Aldermen, and Commonalty of the City of Toronto, in Council assembled, upon th« Firat day of December, 1861 ; and the Corporate Seal of the said City of Toronto is affixed to the original By-Law, which is filed among th« Records of the said Corporation of the City of Toronto. CHARLES DALY, Clerk Common Council. AT. McCORD, Chamberlain, BY-LAW, No. 19, Of THE TOWN OF GUELPH. TO AUTHORIZE THE MUNICIPALITY OF THE TOWN OF OUCLPH TO SUBSCKIBK FORHTOCK IN "THE TORONTO AND GUELPH RAILWAY COMPANY," TO THE AMOUNT OF £85.000. '--■** **■■■***■■*■*****"*- -• -u-L-i.fLnj-j Wherca* by the Railway Clauses Consolidation Act, it was, among other things, enacted, that the Municipal Corporations in this Province might subscribe for any number of Shares in the Capital Stock of any Railway Company which should by any Act of Parliament of thit Province be thereafter incorporated and authorized to construct a Railway in this Province ; or lend to, or guarantee the payment of, any sum of money by the said Company from any Corporation, or person ; or endorse, or guarantee the payment of, any Debentures to bo issued by the Company for the money by them borrowed ; and should have power to assess and levy from time to time upon the whole rateable property of the Municipality, a sutficient sum for them to discharge the debt orengage» ment so contracted ; and for the like purpose to issue Debentures, payable at such times, and for such sums respectively (not less than Five Pounds, Currency,) and bearing or not bearing interest, as such Municipal Cor- porations may think meet, and that any such Debenture issued, endorsed, or guaranteed, should be vulid and binding on such Municipal Corpora- tion, if signed, or endorsed, and countersigned, by such officer or pevKon, and in such manner and form as should bo directed by any By-law of such Corporation, and that the Corporation Seal thereto should not be necessary, nor the observance of any other form with regard to the said Debentures, than such as should be directed in such By-law as aforesaid i and also, that no Municipal Corporation should subscribe for Stock, or incur any debt or liability under the said Act, or the Special Act incorporating the said Company, unless, and until, a By-law to that effect should have been duly made and adopted, with the consent firpt 60 h«a of ih« mnjoriiy of (ht qualifin,! doctor, of ih« Municipniity, to bn ••certame.! n. mtch monn«r a« shonM b« .leUnninwl by the iku.I My la»v after p-,bl,c ndv«rti.crn«nt tbem.f, ro„t«i„ing a copy'of .uch prnp^^ini Bykw, ,n.crto.l .t len.t four tiin«. in .nch n«w,papcr printed u iihi„ th« J.mits of the »nul Municipality ; or it nonf b« pruited thr-r.-in, then in one or morn nowHpai>«rs prinip.l in the nraro.t City or Town thoroto, •nd circulatad therein, nnd aim) put up i„ at le«,t four of the mont pub he place. ,n raoh Municipality : and aUo that the Mayor, Warden or Ueovr, boing the brad of each Municipal Corporation .ubscribinir for' and holding «tock in the snid Con,pany, to the amount of Fivn ThouLnd ound« and upwardn, .bouhl bo, an.l continue to bo, ez-oJfUio, one of the Directors of the fiai.l Company, in a.ldition to the number o( ir.rr.tor. authorized by tho Special Act incorp.ratinrr H.c «amo, and Hhould have Iho same rights, powers, and duties aa any of the Direc'.ors of tho said Company. And whereas, by a certain Act of tho r.egi.laturo of this Province passed during tho last session, a Company was incorporated
vo„.v.-iv„ ■ibt , • p„^' ■ :^ M^'-puii'y f- .... „ia Scock „f ,1,0 .aiJ Company .hMb'ZlT T" ""' '•°'''"'' W.no.u a„d «,U.,ao,ion ol .bo .„ii caiu'ulo" T .Tol' '" •ubKr.bad for i„ .1,0 „ij Oompaay "^ ° ' ' ^'°''' *• of U<.b.„.urc. .0 b« mad. »' a.?an. ,aU t T°, '° ""!' ""^ ?""""' MidCompnnv for il„ „„''""""'"'» """lo u,x>.i . I., s.ock of .b. .. .0 bimTa i ^^rnZTj ""T"'"'^ ™"" '" •"-•" '""'»'"'• by the Town lL!° , "'""'^'''»'"y''f "«■■''■»'■. of Ciuelph,«,g„.d ^i;of\;:::LT r fc:,7tr.ba; t "™""'" '•""■" '"-• »ix ner ccnf n.^ „ ^ »«»?". and simll bonr mierest not exceeding ofU,oCapiU.lS.«k™ .iLrM for^a. r ,° ""t "" "^ >»'• m at thd said MunfctpuMty, attHl rtOi 6tli«r#{iid appropriated, opon gWing •te teortths' notice of ihfeir intention to i«de«kn the same in t^vo or more iWbllc Newspapers published in the Town of Guelph. ^ t ^IL*! **** ^'^•'^ends from time to time paid upon the Stock M *ib«cnbed for in the said Toronto and Guelph Railway Company. «»d received by the said Municipality, shall be applied, under the direction of the said Municipality in the first place, in the payment of the interest accruing upon the said Debentures as the said Municipality may from time to time think fit to redeem. H-i?' ^^^'- '^^ ***° P»y"e"t of the half-yearly interest from time to ttihe accruing, due, and payable upon the said Debentures respectively, there shall be raised, levied, an J- collected in each and every year, an equal mte in the pound upon the assessed value of all the rateable J^operty in the said Town of Guelph, over and above all other rates and taxes, suflScient to pay the said half yearly interest, or so much thereof to shall not be met or paid by the dividends from time to time received tipon the said Stock in the said Company; and such raie shall be col- tected and paid over to the said Treasurer of the said Town of Guelph tor the time being, at the same time and in the same manner as other mtes are collected and paid over. ^ And, for the payment and redemption of tho principal money secured By the said Debentures, there shall be raised, levied and collected in the- y6ar next before such Debentures shall respectively fall due, an equal rato m the pound upon the assessed value of all rateable property in the said Municipahty, over and above all other rates and taxes whatsoever, suffi. went to pay the principal money secured by 8uchl>ebentures so respectively Wling due as aforesaid, or so much or such part thereof as shall remain unpaid after the surplus of the dividends hereinbefore mentioned an'^' appropriated, or any other fund at the disposal of the Municipality «ha« have been applied in liquidation thereof, or the necessary amount or any part thereof, may be raised by a loan to be raised upon other Debentures to be issued for such sums, redeemable at such periods a» by a By-Law of the Municipality may be declared and enacted. 5. That the holders of a receipt or receipts for sums amounting to hot less than Five Pounds, or multiples of Five Pounds, levied and paid Oh accotmt of any Rail-way tax for «' The Toronto and Guelph Railway Company,'* shall from time to thne be entitled to receive f.om the said Municipality, within thirty days after demand, scrip or certificate oy JSlOck ih ^e said Railway Coiftpany to th^ tome amowit. if the Stock «t tKf disposal of the said Muahipalitj U suiBcieiit lor luch purpoM, and if not, the amount of receipt sufficient to entitle the holdera to scrip or certificate of Stock for £5, or multiples of £5, shall be rotaably higher : and that the diflferent collectors shall be bound to give to each ratepayer separate receipts for every sum paid for or on account of any tax for the Toronto and Guelph Kailway Company : Provided always^ that it shall be lawful for the said Municipality to give to any such holder of receipt or receipts Debentures of the said Municipality, payable at twenty years with interest half-yearly, instead of such Railway scrip or certificate, in their discretion. 6. That, for the purpo?e of obtaining the consent or dissent of the qualified Electors of the said Town of Guelph to this By Law, in pursu- ance of the Provisions of the said Railway Clauses Consolidation Act. hereinbefore recited, it shall and may be the du^y of the said Tovvi Heeve of the said Town of Guelph to cause public advertisement of such By-Law, with a copy thereof, to be made and published at least Four times in each and every newspaper printed in the said Town of Guelph, and to cause copies thereof to be put up and affixed at the Court House, the Post Office, the British Hotel, the Wellington Hotel, being four of the most public places in the said Town of Guelph, and to cause a Poll to be opened, held, and taken at such place or places, and at such time, in the said Town, as by proclamation under his hand may be appointed, and in the same manner as a Poll would be taken for the election of M unicipal Councillors for the said Town, at which the qualified Ebctors of the said Town of Guelph may record their votes in favour of or against the said By-Law : Provided always, that such Polls shall not be open umil after the expiration of the publicatioL of the said By Law, according to the Provisions of the said Railway Clauses Consolidation Act, hereinbefore in part recited. ■I Ml 1, James Hough, Clerk of the Municipal Council of the Town of Guelph, do hereby certify that the above is a true copy of a By-Law passed by the Municipal Council of the Town of Guelph, authorising the subscription for Stock in the Toronto and Guelph Railway Company ; and that the said By-Law was introduced into the said Council, and read twice, on the Seventeenth day of November, 1851 ; was duly advertised in the Guelph Herald ires; November 18th to December IBtb, m . in the Ouelph Admmtftom November fiOth to December 18th, 1861 ; ond by n, Proclamation of Samuel Smiib, Esq , Heove of witi Town of Guelph, bearing date the First day of December, 1851, and di*ly pub- lished in the manner by the » Uailway Clauses Consolidation Act » directed ; was referred to the qualified Electors of ihe said Municipality, for their approval, on the 12th and I3ih of December ; and having been then and there approved by a majority of voles of such Electors, the •aid By-Law was finally passed by the Municipal Council of the said Town of Guelph, on the Twenty-sixth day of December, 1851 ; and that the Corporate Seal is affixed thereto ; and that the said By-Law it— (Signed,) [0«al.] SAMUEL SMITIf, Rene ; JAMR3 HOUGH, Tinon CUrk ; And filed among tho Kecords of the Municipality. Guelph, 20th March, 1852, JAMES HOUGH, Town Clesk.. pf' .tiC MUNICIPALITY •V THE TOWNSHIP OF GUELPH. * ■ ■*V^*'>^ ^^ ^0^ M ■ J ^ JH, BY-LAW SHIP OF GUELl'II TO SIJUSCRIBR FOR STOCK IN "THE TORONTO AND GUELIMI RAILWAY COMPANY " TO THE AMOUNT OF JtlO.OOO. Whereas, by the Railway Clauses Consolidation Act, it was, amongst ether things, enacted, that the Municipal Corporations in this Province might subscribe for any number of Shares in the Capital Stock of any Railway Company which should, by any Act of Parliament of this Province, bo thereafler incorporated; cr lend to, or guarantee the payment of, any sum of money borrowed by the said Company from any Corporation, or person ; or endorse, or guarantee the payment of, any Debentures to leTssued by the Company /or the money by them bor- rowed ; and should have powor to assess and levy from time to time upon the whole rateable property of the Municipality, a sufficient sum for them to discharge the debt or engagement so contracted; and for the like purpose to issue Cebentures, payable at such times and for such 5um; respectively, not less than Five Pounds Currency, and bearing or not bearing interest, as such Municipal Corporation may think meet, and that any such Debenture issued, endorsed, or guaranteed, should be valid and binding upon such Mui.i.ipal Corporatio.i if signed, or endorsed, and countersigned, by such officer or person, and in such manner and form as shall be directed by any By-Law of such Corpo- ration, and that the Corporation Seal thereto should not be necessary nor the observance ofany other form with regard to the said Debenture^' than such as should be directed in such By-Law as aforesaid , and also that no Municipal Corporation should subscribe for Stock, or incur any aebt or iiafaiiity under the said Act, or the Special Act incorporating thi. M I Iftid Company, unl«8S and until a By-Law to that eflect shonld hart boen duly made and adopted, with the consent first had of a majority of the qualified Kloctors of the Municipality, to bo ascertained in such manner as should bo determined by the said Ity-law, after public advertisement thereof, containing a copy of au. h By-Law, inserted at least four times in each newspaper printed within the limits of the said Municipality, or if none be printed therein, then in one or more news- papers printed in the nearest City or Town thereto, and circulated therein, and also put up in at least four of the most public places in each Municipality ; and also, that the Moyor, Warden, or Reeve, being the head of such ^iunicipal Corporation subscribing for and holding Stock in the said Cr>mpany, to the amount o( Five I'housand Pounds or upwards, should be, and continue to be, ex officio, one of tlie Directors of the said Comj«ny, in addition to the number of Directors authorized by the Special Act incorporating the same, and should liave the same rights» powers, and duties, as any of the Directors of the said Company ; And whereas, by a certain Act of the Legislature of this Province, passed during the last Session, a Company was incorporated for the purpose of constructing a Railroad from the waters of Lake Ontarioj within the limits of the City of Toronto, to the Town of Guelph, lo bo called "The Toronto and (Juelph Railway Company," and the Provi- sions of the Railway Clauses Consolidation Act hereinbefore recited, were, omongst others, incorporated in the said last mentioned Act ; And whereas the construction of the said Railway, while it cannot iai] to be highly beneficial to the country generally through which it will pass, is likely to promote, in an eminent degree, the wealth and resources of the said Township of ''luelph ; and it is consequently deemed advisable that the Municipal Corporation of the said Township should sabscribe for Stock in the Books of the said Toronto and Guelph Rail- road Company, to the amount of Ten 'I'housand Pounds, and should issue Debentures to that amount for the payment thereof; Be it therefore enacted, by the Municipal Council of the Township cu,.^ or upvvardH. should be. and ontin e the number of D.rector. autbori^od by the Bp.ci,U Act ineorporatinff the .ame. and should have the .„n,e righ,., pmvci., and dutiesfa. any of the Directors of tite said Coinpany ; ' " > And wherea. by a certain A.t of the Legislature of .his Province |«Med dunng the So«ion, a Con.pany wo. incorporated for the .urpose' of coostruct^ng b Railroad from the waters of Lake Ontario, within^ limit, of the City of Toronto, to the Town of Guelph, to be i e" To,jn,to and Guelph Hailway Company," and 'the pn^vl^lls of h .^ ^I " Con.ohdat.on Act, hereinbefore recited, were amcrwr.t cXaay"^" »»corporated ia the .aid Act, incorporating the sfid And whereas, ^t a public meeting of the Rate Piiyers of the Town.bip of Chinguacousy convened by the Reere of the .aid Township, for the purpose of con.idoring the expediency of recommending the T^wwhip CouncL to take stock in the Toronto and Guelph Railway CompaJ To ^^ '* /^k""'"' "°"" " ^'^ ^'"^^« °^' Brampton,'n the'Z' Townshjp of Chmguacoasy, on the eleventh day of October, 1851 it was re«, ved " That it is the opinion of thia meeting, that h is desi;.- ble t^mt the Council of the Township of Chinguacousy should subscribe !?t1 tJ Z"T" r^ ^"''P*' """^^y Company, to the amount of Jen Thousand Pounds^ upon the condition that the said Railroad •ball pass through the Village of Brampton ♦>— And whereas the construction of the said Railway would promote the prosperity and increase the wealth of the section of country through which ,t would pass, and would be highly beneficial to the inhabitant, of the lownship of Chinguacousy, if it should pasa through the ViiWe ^ Brampton, and have a depot or station at that Village, and it is *ei»ed advisable that the Municqjal CouncU of the said Townehip AouW subscribe for shares ia the capital stock of the said CompanT to thi amount of Ton Thouiw.d Pounrff, upon thti condition that th« nid Railroad should past through the Village of Brampton, and have ft depot or itution at that Village. Be it therefore enacted by the Municipality of the Townihip of Chin, guacouiy, That it ihall and may be lawful for, and that it ihnll b« the' duty of the Hoovo for the Ume being of the said 'lownthip of Chingua- cou«y, to subicribo for stock in the said Toronto and Gurlph Railway Company— upon the conditions heroiniM fore mentioned— that the said Railroad shall pass through iho Village of Brampton, and have a depot or station at that Villago,— to tho amount of Ten Thousand i'ounds for and in behalf of the Muncipality of the said Township ; and that for payment of the said slock, it shall and may be lawful for, and it •hall be tho duty of the Reeve for tho time being of tho said Town- ship, to ruiso by wny of a loan, nt a rate of interest not exceeding six per cent, per annum, from any person or persons, body or bo-lies corpo- rate, who may bo willing to lend upon the security of tho debentures heremafter mentioned, a sum or sums of money not ex-ceding in the whole tho said sum of Ten Thousand Pounds, and to cause the same to bo paid into the ban is of the Treasurer for the time bein^r, of the said Township, to be by him applied under the direction of tho Munici- pal Council of the said Township, in payment of the sni I stock so as aforesaid subscribed for, as the same may be called in and become due and payable, or to cause to be issued debentures for tho said sum of Ten Thousand Pounds, in tho manner hereinafter provided, with interest payable yearly, and to cause such debentures from lime to time (o be delivered to the said Toronto and Guelph Railway Company, as and when the calls and instalments of the capital stock of the said Company shall be made or become due and payable, under and by virtue of the Act incorporating the said Company, in payment and satisfaction of the said calls upon the said stock in the said Company, so as aforesaid sub- scribed for by the Municipality of tho said Township of Chinguacousy. 2. That it shall be the duty of the Reeve of the said Township "of Chinguacousy, for the time being, from time to time to cause any num- ber of debentures to be made out, in such amounts as to him shall seem fit, and not exceeding in the whole the said sum of Ten Thousand Pounds, which said debentures shall be under the common seal of the saU Township of Chinguacousy, signed by the Reeve, and counter- signed by the Treasurer, for the time being, of the said Township, and shall bear interest not exceeding six per ceuL per annum, payable yearly and shall be made redeemable at the Bank of Upper Canada, in 74 TWto-pro.|dtd .Iwmy. that non. of ,h. «id d«b.n.ur«. .h«!. k, r,, «IT r ''^•'"^■^"'•' P«"nd.. nor be nmd« pny.Me at .I'r. remote period ihnn twenty yeor*. from the iuui... nf V s;™ sr,- «■-*' =-r-." ..,.»..:;; r 4. That, /or the payment of the yearly interest fmm .; . • Treasurer (or the time being of the .aid Tovn T !H r ."01 .n the same manner a, o:,.r rates are colle:.,, ',:, ,• ^ YZ And lor the payment and redemotion of iho r . i ; by the .aid debenture., there .hal, L ™il Iv^.r^Id cXTeVrtt yea, next before .„ch debenture, .hall respectively fa,, due '«„ eo a » . .n the pound upon the as.e«ed value for the ,L being of all "l^ ;riVori:j:.*i\..iir!i-''' -^ chi„,„acou.y*'r".!: -.,., „^a„yj.„gj.^ iumcitjul io pay the pnnci- pal monioi Mcuretl by luch il«»wini...<. .•••"."..J; o, „ much „dt:"''.r„''r''"'^ '•"'"' ■'"• - «.y b. declurcJ „,„| ,„.";,' ■^'""'-P"")'. '" 'bu> behalf .« b„ ^.^j^ guacQu,y_,h,,ro b,.i„, „„ N„„,„,„„ " ' n , ! ^ °""''"P "' Chin. - to b„ ,„., up ,.„„ „,„,„j „. ,:^co,m.^""■°''^°"'""•y■ B'ampto„, u„>lcd,.,'. ,„„ i„ .,,„ V , „^r'; ■"7"' '" "■" Villa,. Of Inn on the Third l.ino K„,, „,„i r f "^■''""'"""•' A'chdekin', Chi„g„aoo,„y. And .hall ^Z'jTu '''°""""'' "' .' ."ch place and ..in,„ ,„ each „riC„?. T.""' ''"'''' »'"' '""o". Ching„„c„u,y a. >h.. .aid R te i„ ! Tv ' f "•"•"''' ''''"'•""■'P "f •ppoin., which poll .hall bo .,!!„ l,7,h^ P^-^l-naiion under hi. hand ho taken for .h.' olcc.io „f Co c „ f'":," '""","" " ' •"" «°"''< »hici. poll ,he „„„„« cicc or. rioid •,:::' '■"""""'•• •"" " »nte. in (avour of or against IhoJi 7 i '"""'""P '""/ ''cord ih.ir poll, .hall noc be openo ' Uf? ^/7 ' ^'°''''"' "'"">" '"»' -ch according ,0 ,he pro'wll h r^ ''l.'Zr;;"''"" °^ ""' ''^•'- Acl hereinbefore i„ par, ,c,i„d "^ ^'""'"^ Con«>lid.Uon .be''zre^!rhiv!;:'h:;;:;';{-':r^^^^^ --y »«•„, „or .ha., provided, unlc, „„d „„,i| ,he D°.ecn,™ of ,h ■",' "''' »» •'""inbeforo Ra, hvay Company .hall give ," U ° .a d K ""' '"T'" °"'' ''-Ipb .hall be sacislaclory to a moior ?/ f ,h i""," '"'='' aMurance. i, cousy, Ihat the Mid K„flr™n''r, 1*° »"'<''?»'"''«? of Chinga" ton, and have a «at.o„ „; dtpjf 'J,' .K5™C """'"^ "^ <"^"^ («.B.) '^*°"'^ JOHN LYNCH. r<>«r» Bene. (C. 0.) w Vuati 4th June, DENIS L. LYNCH. Tuumskip Clerk. I, Denis L. Lynch, Clerk of the Municipality of the Township of Chinguncousy, do hereby certify that the within is a true copy of a By- law passed by the Municipal Council of the Township of Chinguacousy, authorizing the subscription lor s'ock in the Toronto and Guelph Kail- way Company, by and on behalf of the Municipality of the said Town- ship of Chinguacousy, and that the said By-Law was introduced into the Municipal Council of the said Township, on the- eighth day of No- vember, 1851, was read a second time on the eighth day of November, 1851, was duly advertised in the Briiish Colonist, Globe, and Patri