IMAGE EVALUATION 
 TEST TARGET (MT-3) 
 
 1.0 
 
 I.I 
 
 121 125 
 
 2.0 
 
 ISI 
 
 u 
 
 I 
 mi 
 
 IL25 1 1.4 
 
 1^ 
 
 i^ 
 
 ?> 
 
 7 
 
 
 Photographic 
 
 Sciences 
 
 Corporation 
 
 33 WIST MAIN STRUT 
 
 WnSTIR.N.Y. 14510 
 
 (716) 873-4503 
 
 
 ?c^ 
 
 <<^. 
 
 ^>^ 
 
4r 
 
 CIHM/ICMH 
 
 Microfiche 
 
 Series. 
 
 CIHIVl/iCIVIH 
 Collection de 
 microfiches. 
 
 Canadian institute for Historical IVIicroreproductions / Institut Canadian de microreproductions historiques 
 
Technical and Bibliographic Notes/Notes tachniquas at bibllographiquas 
 
 The Instituta has attempted to obtain the best 
 original copy available for filming. Features of this 
 copy which may be bibliographically unique, 
 which may alter any of the images in the 
 reproduction, or which may significantly change 
 the usual method of filming, are checked below. 
 
 D 
 D 
 D 
 D 
 □ 
 D 
 D 
 
 n 
 
 D 
 
 Coloured covers/ 
 Couverture de couleur 
 
 Covers damaged/ 
 Couverture endommagie 
 
 Covers restored and/or laminated/ 
 Couverture restaurie et/ou pelliculAe 
 
 Cover tiiSe missing/ 
 
 Le titre de couverture manque 
 
 Coloured maps/ 
 
 Cartes giographiques en couleur 
 
 Coloured ink (i.e. other than blue or black)/ 
 Encre de couleur (i.e. autre que bleue ou noire) 
 
 Coloured plates and/or illustrations/ 
 Planches et/ou illustrations en couleur 
 
 Bound with other material/ 
 Reli6 avec d'autres documents 
 
 Tight binding may cause shadows or distortion 
 along interior margin/ 
 
 La re liure serrie peut causer de I'ombre ou de la 
 distortion le long de la marge intirieure 
 
 Blank leaves added during restoration may 
 appear within the text. Whenever possible, these 
 have been omitted from filming/ 
 II se peut que certaines pages blanches ajouties 
 lors d'une restauration apparaissent dans le texte, 
 mais, lorsque cela 6tait possible, ces pages n'ont 
 pas i'ii filmias. 
 
 Additional comments:/ 
 Commentaires suppl6mentaires; 
 
 L'Institut a microfilm^ le meilleur exemplaire 
 qu'il lui a iti possible de se procurer. Les details 
 de cet exemplaire qui sunt peut-Atre uniques du 
 point de vue bibliographique, qui peuvent modifier 
 une image reproduite, ou qui peuvent exiger une 
 modification dans la mithode normale de filmage 
 sont indiquis ci-dessous. 
 
 I I Coloured pages/ 
 
 D 
 
 Pages de couleur 
 
 Pages dam^^ged/ 
 Pages endommag^es 
 
 □ Pages restored and/or laminated/ 
 Pages restaurdes et/ou pellicul6es 
 
 Pages discoloured, stair.dd or foxed/ 
 Pages ddcolordes, tachetdes ov piqu( 
 
 piqu^es 
 
 Pages ddtach^es 
 
 Showthrough/ 
 Transparence 
 
 Quality of prir 
 
 Qualiti indgale de ('impression 
 
 Includes supplementary materis 
 Comprend du materiel suppl^mentaire 
 
 Only edition available/ 
 Seule Mition disponible 
 
 □ Pages detached/ 
 Pages 
 
 rri Showthrough/ 
 
 I I Quality of print varies/ 
 
 I I Includes supplementary material/ 
 
 |~n Only edition available/ 
 
 Pages wholly or partially obscured by errata 
 slips, tissues, etc., have been refilmed to 
 ensure the best possible image/ 
 Les pages totalement ou partiellement 
 obscurcifrs par un feuillet d'errata, une pelure, 
 etc., ont iti filmies A nouveau de facon d 
 obtenir la meilleure image possible. 
 
 This item is filmed at the reduction ratio checked below/ 
 
 Ce document est film4 au taux de reduction indiquA ci-dessous. 
 
 10X 
 
 
 
 
 14X 
 
 
 
 
 18X 
 
 
 
 
 22X 
 
 
 
 
 2SX 
 
 
 
 
 3CX 
 
 
 
 
 
 
 
 
 
 
 
 
 y 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 12X 
 
 16X 
 
 20X 
 
 24X 
 
 28X 
 
 32X 
 

 The copy filmed here has been reproduced thanks 
 to the generosity of: 
 
 National Library of Canada 
 
 L'exemplaire film6 f ut reproduit grSce d la 
 g6n6rosit6 de: 
 
 Bibliothdque nationale du Canada 
 
 The images appearing here are the best quality 
 possible considering the condition and legibility 
 of the original copy and in keeping with ;he 
 filming contract specifications. 
 
 Les images suivantes ont 6t6 reproduites avec le 
 plus grand soin, compte tenu de la condition et 
 de la nettetd de l'exemplaire film6, et en 
 conformity avec ies conditions du contrat de 
 filmage. 
 
 Original copies in printed paper covers are filmed 
 beginning with the front cover and ending on 
 the last page with a printed or illustrated impres- 
 sion, or the back cover when appropriate. All 
 other original copies are filmed beginning on the 
 first page with a printed or illustrated impres- 
 sion, and ending on the last page with & printed 
 or illustrated impression. 
 
 Les exemplaires originaux dont la couverture en 
 papier est imprim^e sont film6s en commenpant 
 par le premier plat et en terminant soit par la 
 dernidre page qui comporte une empreinte 
 d'impression ou d'illustration, soit par le second 
 plat, selon le cas. Tous les autres exemplaires 
 originaux sont film^s en commenpant par la 
 premidre page qui comporte une empreinte 
 d'impression ou d'illustration et en terminant par 
 la dernidre page qui comporte une telle 
 empreinte. 
 
 The last recorded frame on each microfiche 
 shall contain the symbol ^^ (meaning "CON- 
 TINUED"), or the symbol y (meaning "END"), 
 whichever applies. 
 
 Un des symboles suivants apparaitra si/<- la 
 dernidre image de cheque microfiche, selon le 
 cas: le symbole — ^ signifie "A SUiVRE ", le 
 symbole V signifie "FIN". 
 
 IVIaps, plates, charts, etc., may be filmed at 
 different reduction ratios. Those too large to be 
 entirely included in one exposure are filmed 
 beginning in the upper left hand corner, left to 
 right and top to bottom, as many frames as 
 required. The following diagrams illustrate the 
 method: 
 
 Les cartes, planches, tableaux, etc., peuvent dtre 
 filmds d des taux de reduction diffdrents. 
 Lorsque le document est trop grand pour dtre 
 reproduit en un seul clich6. il est film6 d partir 
 de I'angle sup6rieur gauche, de gauche d droite, 
 et de haut en bas, en prenant le nombre 
 d'images ndcessaire. Les diagrammes suivants 
 illustrent la mdthode. 
 
 1 
 
 2 
 
 3 
 
 1 
 
 2 
 
 3 
 
 4 
 
 5 
 
 6 
 
/ 
 
 lyi 
 
 (!A^^;j;o0^^r/:U^ 
 
 ^^ 
 
 / 
 
 
 6( 
 
 :ln^^ 
 
 \ 
 
 k 
 
(^ rfi x^^ 
 
 OUTLINE AND EXHIBIT 
 
 OF THB 
 
 ISmntfoi^tr anti ISuffalo Hmkoati. 
 
 The Brantford and Buffalo Railroad Company, established under 
 the provisions of the Acts of the Parliament of Canada, 12th Vic- 
 toria, eh. 84, and ISth and 14th Victoria, ch. 72, at Brantford, in 
 the County of Wentworth, Canada West, was first organized at a 
 Meeting of the Subscribers to the original Instrument of Associa- 
 tion, held on the 3d June, 1851. Its capital Stock, divided into 
 30,000 Shares of $20 each, is held as follows : 
 
 The Council of the Town of Brantford, $100,000 
 
 The Municipality of tb'^. Township of Brantford, 60,000 
 
 ^ " " " Bertie, 40,000 
 
 ;^ " " " Wainfleet, 20,00 
 
 ***^ .51/^1^ > " Sherbrooke and MouUon,. 20,000 
 ,: . ft r 'W-. «* Canboro', 8,000 
 
 Stock held by Stockholders at Brantford and along the line, . .50,000 
 
 Do. to be issued to Contractors, 100,000 
 
 ■ Do. to be paid out for right of Way and held in Buffalo,. 212,000 
 
 .>.t> -■ -./ vvi.^:.. V .. ,, .;.;.: ■'. :r:-v--<i^r.-x ,. $600,000 
 
 Six per cent, has already been paid up. A further call of ten per 
 cent, is now being received. The Company have power to borrow 
 money by bond or mortgage, and to increase the capital, with all 
 necessary powers for constnacting the road, and w^ithout assy re= 
 strictions as to rates of travel. 
 
I 
 
 The Directors and Officers of the Company are, James Wads- 
 worth, of Buffalo, President ; A. D. Patchin, Buffalo, Alexander 
 Douglas, Fort Erie, A. Huntington and J. Cockshutt, Brantford, 
 Directors; WvaaIAM Wallace, Buffalo, Chief Engineer; James 
 Christie, Manager of the Bank of British North America, Brant- 
 ford, Treasurer; Archibald Gilkison, Brantford, Secretary and 
 
 Solicitor, 
 
 •/• '* 'i'. ■ • ■ ■ • . • ■?'■ 
 
 The region of country forming the Western Peninsula of Canada 
 (which this Road is designed to open up as the main highway of 
 Western travel) if separated from the Eastern portion of the Pro- 
 vince by a line following the valley of the Grand River, from Lake 
 Erie to the Falls of Elora, and thence extending to Georgian Bay 
 on Lake Huron, embraces the finest portion of British North Ameri- 
 ca. Comprising ten million acres of most fertile land, watered by 
 numerous streams and rivers, unbroken by mountains, ridges or 
 lakes, and possessing an invigorating and healthy climate. No coun- 
 try is better adapted for the production of the leading staple which 
 is the basis of the wealth and commerce of an agricultural com- 
 munity. The result is already progressively developing itself. In 
 factories, mills, macadamized and plank roads, canals, harbours ; — 
 in the breadth of exuberantly fertile land now cultivated, it needs 
 but the desideratum of Railroads to give added stimulus to labor 
 and capital, to enable this vast and prosperous region of country to 
 compare favorably with the finest portion of Western New York. 
 
 A line of Railroad which commends itself to public favor, by 
 opening up to the commercial enterprize of the Atlantic and inter- 
 mediate Cities of the United States so rich and fertile a country 
 throughout an extent of eighty miles, to near the centre of this great 
 peninsula ought, without other recommendation, to invite the ready 
 investment of capital in its construction ; for in a country where the 
 want of the ordinary facilities to trade and travel now everywhere 
 else provided by Railroads, is a positive marvel, it does not admit 
 of doubt that a large and profitable traffic must immediately follow 
 the completion of any well selected route. 
 
 But to these uncommon advantages, the geographical situation of 
 
the country in relation to the United States adds the pre-eminent 
 recommendation that in connection with the line of the Great West- 
 ern (Canada) Railroad, it spans the narrowest route between the 
 cities of Buffalo and Detroit. The great stream of Western travel 
 brought to a focus at the City of Buffalo by lines of Railway 
 which converge to that point from the East, will iy it be conveyed to 
 the point of its conjunction with the central division of the Great 
 Western, and be thence carried on to Detroit. It is no less certain 
 that the travel eastward from Detroit will take the same route. 
 The two chief emporiums of the commerce of Lake Erie, now 
 more widely separated by the delays and hazards incident to a 
 Lake voyage than if they were thrice the distance apart by Rail- 
 road, will then be brought within eight hours' travel of each other. 
 
 The survey of the Road, which has been completed under the 
 supervision of Mr. Wallace, shows it U be seventy-four and three- 
 quarters (called seventy-five) miles i" icngth — commencing at Fort 
 Erie, almost opposite Buffalo, and extending to Brantford, near 
 which it is to connect with the Great Western Railroad. It runs 
 through a rich and well settled agricultural country, its Eastern 
 Division extending along the borders of Lake Erie, and its Western 
 Division along the banks of the Grand River. 
 
 1 
 
 In leaving Niagara River, the line passes through an exceedingly 
 rich farming country, the fertility of which is proverbial, and runs 
 near the village of Stone Bridge, a distance of twenty miles, where 
 it crosses the Welland Canal ; thence to the very thriving village of 
 Dunville, which possesses the advantage of almost exhaustless water 
 power. 
 
 ■ . " . • .-t-i-- 
 
 Between Dunville and Brantford the line passes near the flour- 
 ishing villages of Cayuga, Indiana, York, Seneca, and Caledonia, 
 through which last place the Plank Road from Hamilton to Port 
 Dover passes, which vidll assuredly bring to the Railroad a large 
 amount of traffic. Caledonia is distant from Hamilton but fourteen 
 miles by the Plank Road. 
 
 Eighteen miles further, and the line reaches Brantford, at the head 
 
; i' 
 
 i^-- 
 
 of the navigable portion of Grand River. The population of this 
 place is at present about 6,000, and it is situated in the middle of one 
 of the oest wheat growing districts in the Province. Water power 
 can be obtained there to almost any extent, and the completion of this 
 road will undoubtedly be the means of bringing the water power 
 into extensive and varied application. 
 
 i4i 
 
 ra *l 
 
 ..'•v-o/.,'»t'f ■ * :M'^ \- 
 
 ^/^ 
 
 At Dunville and Brantford, and at numerous villages between, 
 there are no less than one hundred and five saws in operation, and 
 twenty-four run of stone, besides several woollen factories. There 
 are also several saw and grist mills in course of erection, and many 
 more in contemplation. 
 
 '\ni 
 
 UV' 
 
 'A I' 
 
 In 1860 there passed down the River 234,000 bushels of wheat, 
 and 36,000 barrels of flour, and also a large amount of gypsum, and 
 various odier products. A large quantity of merchandize is annually 
 carried overland to and from Brantford and other places within 
 range of this line. 
 
 As an illustration of the extent of the traffic, Brantford alone 
 paid during last year for teaming on the Plank Road to and from 
 Hamilton $16,000, and in the same year, 600,000 bushels of wheat 
 were brought into Brantford, and it is believed that the quantity for 
 the present year will be upwards of 1,000,000 bushels of wheat, — so 
 rapidly is the surrounding country being settled and brought under 
 cultivation. During the same period 30,000,000 feet of lumber 
 were turned out by the various mills along the river. 
 
 These statistics give some idea of the local business that may be 
 expected on the route. ' - 
 
 •i^.l#^^l)t-:iB^H.iJi-:>.I is. :i^il 
 
 The Eastern Division of the Road terminates at Dupville, and 
 the Western Division at Brantford. The country traversed is ex- 
 ceedingly well adapted to the construction of a Railroad with easy 
 grades, as will be seen by the following table : 
 
 .^ifih,. 
 

 TABLE OF GRADES. 
 
 ; .ji; 
 
 26 miles level and 2 to 6 feet per mile. 
 
 14 , ,.411 ' 6 " 10 do 
 
 13 '&;, 10 ♦* 16 do 
 
 4 in 16 " 20 do 
 
 6 cb 20 "26 do - - 
 
 3i do 25 "29 do , , 
 
 8 do 30 feet per mile — maximum grade. 
 
 V- 
 
 ■•».».■ 
 
 It will be seen that there are 8 miles of 30 feet grade. This 
 distance is made up of eight distinct grades which occur in over- 
 coming the undulations of the country on different parts of the line. 
 More than one half of the entire distance is level or under ten feet 
 per mile. The sharpest curve has a radius of one mile, and seventy 
 miles of the whole distance, is straight line. These facts show 
 clearly that this Road will be remarkably well adapted for fast 
 running, and that for economy in working, it will have no equal in 
 the country. ^ 
 
 By a detailed estimate of the cost of the construction of the Road, 
 prepared for the Directors by the Chief Engineer, it was shown that 
 the clearing, grubbing, grading and all the necessary bridges and 
 culverts can be completed for $325,000 ; — that the ties can be fur- 
 nished, the ties, iron, spikes and chairs distributed, and the Road laid 
 for $100,000, including turn-outs, and that the v V ole work com- 
 pleted, with the heavy Rail, will not cost to exceea $800,000, or 
 about $10,000 per mile. This estimate was full and ample for a 
 first-class Road, the excavations being taken at twenty-two feet, and 
 the embankments at fourteen feet, at the grade line ; — ^the bridges 
 to be of timber trusses, and the culverts of brick or stone. 
 
 A meeting of the Directors was held at E.antford on Friday, Oc- 
 tober ipth, at which the President, Directors, Chief Engineer, and 
 other Officers of the Road were present. f/v 
 
 At this MeetinoTt the entire Road tvas mit under contract to Mr. A* 
 Db Graff, of Dayton, Ohio— a gentleman who has constructed 
 
many of the principal Railroads in the United States. By the 
 terms of the Contract, the Road is to be completed and the track 
 laid, for the sum of $400,000 — the Contractor receiving $100,000 
 Stock, in part payment for his work. The only considerable expen- 
 diturq remaining unpaid for, is the purchase of the Iron. The terms 
 of the Contract, it will be seen at once, bring the expense of the 
 final completion of the Road and putting it in running order, within 
 the estimate of the Engineer— $800,000. ^''' / ; ?l!*^? 
 
 .|n,v.'- ,^( • .'. 'i-fy;^-i'.:t: ,> 
 
 The Contractor has already commenced the work near the Nia- 
 gara River, and at a point distant about three miles from the town 
 of Brantford. 
 
 \i,-, ■■>"-\ -ifi ;' 
 
 ';>ferh- 
 
 ■Uf. r ?r <,lM»'<> 
 
 It will be seen that $238,000 of the Stock is held by the Corpo- 
 rations of the town of Brantford, and of the townships of Brantford, 
 Bertie, Wainfleet, Moulton, Sherbrooke and Camboro*. Each of 
 these Municipalities possesses abundant means to provide for the 
 payment of the amount subscribed. As an illustration, the township 
 of Brantford comprises 78,000 acres with a population of 6174. 
 The value of its Real Estate was during this present year ascer- 
 tained for assessment purposes to be $1,498,916 — its chattel pro- 
 perty $179,604. This township has taken Stock to the amount of 
 $50,000. In hke manner the township of Bertie which borders on 
 the Niagara River opposite the town of Blackrock and the City of 
 Buffalo has taken $40,000 Stock. The value of its Real Estate is 
 ascertained to be $540,372 ; personal $65,372 ; and it is well known 
 that these valuations are at least fifty per cent, under the real 
 value. 
 
 ■u, . 
 
 The debentures or bonds of these several Mu licipalities are re- 
 ceived by the Company in payment of calls as they are made. 
 They are issued payable in twenty years from date with interest 
 at the rate of six per cent, per annum, payable half yearly. No 
 law existed until 1849, to authorize the issue of bonds by the town- 
 ship Municipalities of Canada West. In that year a general act 
 was passed "for the erection of municipal corporations in the several 
 cities, counties, towns and townships," which first gave authority to 
 townships to contract liabilities by bond. They are consequently 
 
free from debt, and possess more or less rateable property liable for 
 the payment of whatever engagements, they may contract. 
 
 The remedy afforded to creditors in case of failure by any of 
 these Corporations to pay claims against them, is at once summary 
 and effectual. So soon as a judgment has been recovered, the 
 Sheriff of the county upon receiving the execution, is furnished by 
 the Tov^rnship Clerk with a copy of the last Assessment Roll from 
 which he strikes a rate upon all the assessable property within the 
 municipality, and proceeds at once to collect from each ptrson his 
 respective proportion of the amount required to satisfy the debt, 
 which is then paid over to the judgment creditor. But in order to 
 guard against this alterative, and to keep these corporate bodies 
 within reasonable limits, the Legislature has provided that no debt 
 shall be contracted by any Corporation unless in the By-Law which 
 authorizes the contract or expenditure, there shall be settled a rate 
 to be levied upon all assessable property within the municipality of 
 such sum in each year as will suffice within, at most, twenty 
 years to pay off the liability at maturity, and all interest that may 
 accrue thereon. 
 
 The Company have taken the best legal advice respecting the 
 rights, powers, obligations and liabilities of these Corporations. 
 They have studiously complied with all the necessary legal pre- 
 liminaries, and these have been equally observed by th^ munici- 
 palities, whose bonds they have accepted in payment of the 
 installments already called in. The Directors can now, there- 
 fore, confidently offer them to capitalists as a valid and sound 
 security. 
 
 The subjoined extracts from the Acts of the Legislature of Cana- 
 da, 12th Victorio chap. 84, and 12th Victoria chap. 81, show the 
 authority given to the corporate bodies above mentioned to take 
 Stock, and also to contract liabilities, with the provision they are 
 compelled to make for payment of their engagements at maturity. 
 There will also be found anoended the By-Law of the L^nited 
 Townships of Sherbrooke and Moulton, authorizing the Town Reeve 
 
8 , 
 
 to issue debentures and fixing the rate to be levied in conformity 
 with the Statutes. The like formalities have been observed with 
 the other Municipalities. 
 
 By authority of the Board of Directors, 
 
 ■ll' 
 
 Aboh*d Oilkison, 
 
 Secretary. 
 
 .4i . 
 
 .'ir 
 
 JAMES WADSWORTH, 
 
 . !',-.■■;. -y, President, 
 
 
 ^ -.'J 
 
 
 .11 i 
 
 
 
 5 v\«;' 
 
 ( ;-.■ . 
 
 •* »* ^. ".♦« 'f 
 
 I I 
 
 
•' 
 
 iUv • Jr ". •"jc-v' 
 
 A ■'■•/.J-,1 f .N!.„>^r i»' 
 
 
 ^' ,»• 
 
 i', ii .'>, 
 
 i .>> "^ 
 
 APPENDIX. 
 
 Abstract from I2th Victoria, Chap. 84, Sccfzon 26.— And be it enacted, Thatitshmll 
 and may be lawful for any Municipal Body Corporate having jurisdiction within the 
 locality through or along the boundary of which any such Road shall pass, to sub> 
 scribe for, acquire, accept and hold and to depart with and transfer Stock in any 
 Company to be formed under the authority of this Act. ••••••••• 
 
 Abstract from 12th Victoria, Chap. 81, Sections, 177, 178. — And be it enacted, That 
 it shall be the duty of such Municipal Corporations respectively to cause to be 
 assessed a.id levied upon the whole rateable property in their Counties, Cities, 1 owns, 
 Townships and Villages, a su£Scient sum of money in each year to pay all debts 
 incurred or which shall be incurred, with the interest which shall fall due or become 
 payable within the year ; and no By-Law hereafter to be passed for the creation of 
 any such debts, or for the negotiation of any loan, shall be valid or effectual to bind 
 any such Municipality, unless a special rate per annum over and above and in addi- 
 tion to all rates whatsoever shall be settled in such By-Law, to be levied in each 
 year for the payment of the debt to be contracted by the loan to be negotiated ; nor 
 unless such special rate shall be sufficient according to the amount of rateable pro* 
 petty in such City, County, Township, or Village, to satisfy and discharge such debt 
 with the interest thereon, within twenty years from the passing of such By Law; 
 and it shall not be competent to any such Municipal Corporation to repeal such 
 By-Law or to discontinue such rate until the debt so to be incurred, and the interest 
 thereon shall be fully paid and discharged ; nor to apply the pro'^eeds thereof to any 
 other purpose than the payment and satisfaction of the same : i'rovided always that 
 in the event of there being any part of such special rate on hand which cannot be 
 immediately applied to the payment of such debt, by reason of no part thereof 
 being then payable, it shall be the duty of such Municipal Corporation, and they are 
 hereby required to invest such money in the Government Securities of this Province, 
 or in such other Securities as the Governor of this Province shall, by order in Coun- 
 cil, direct or appoint, and to apply all interest or dividends to arise or be received upon 
 the same to the like purposes, as the amount so levied by special rate and no other. 
 
 
 And be it enacted, That any By-Law by which it shall be attempted to repeal any 
 such By-Law for raising any loan or for the payment and satisfaction of such loan 
 Of the i.iterest thereof, until such loan and inteiest shall be fully redeemed, paid and 
 satisfied, shall be and the same is hereby declared to be absolutely null and void > 
 and if any of the Officers of such Municipal Corporation shall, under pretence of 
 
' 10 
 
 such pretended By-Law, neglect or refuse to carry into effect and execution the said 
 By-Law for levying the moneys necessary to return, satisfy and discharge such loan 
 auu the interest thereof, every such officer shall be deemed guilty of a misdemeanor, 
 and shall be punished by fine or imprisonment, or both, at the diicretion of the Court 
 whose duty it shall be to pass the sentence of the law upon such offender. 
 
 BY-LAW, 
 
 To authorize the Reeve of the United Townships of Moulton and Sherbrook 
 to issue debentures, in payment of five thousand pounds, in shares of five 
 pounds each, of Stock subscribed for, by the said United Townships of 
 Moulton and Sherbrook, in the Brantford and BufTalo Joint Stock Rail- 
 road Company, and to grant permission to said Company to construct a 
 Railroad through the said United Townships. 
 
 Whereas, The Municipality of the United Townships of Moulton and SherbTooke, 
 by By-Law number forty-one of the said Municipality, subscribed for, acquired, and 
 now hold one thousand shares of the price or sum of five pounds each, of the capi- 
 tal stock of the Brantford and Buffalo Joint Stock Railroad Company. 
 
 And whereas, It is necessary and expedient to authorize and empower the Reeve 
 of the said United Townships of Moulton and Sherbrooke, to issue debentures in 
 payment of the said stock so held by the said Municipality as aforesaid. 
 
 L Be it therefore enacted by the Municipal Corporation of the United Townships of 
 Moulton and Sherbrooke, in Council Assembled, That the Reeve for the time being of 
 the said United Townships of Moulton and Sherbrooke shall have power, and he is 
 hereby authorized, empowered and required from time to time to issue debentures in 
 payment of one thousand shares (of the price or sum of five pounds each share) of 
 the capital stock of the Brantford and Buffalo Joint Stock Railroad Company, sub- 
 scribed for, and now held by the said Municipality, in ^ums of not less than twenty- 
 five pounds in each debenture, in the same proportions, and at the same time as the 
 calls upon the stock shall be made answerable in the case of other shareholders. 
 
 n. And be it further enacted, That the said debentures shall bear interest from the 
 date thereof, at and after the rate of six pounds for one hundred pounds for a year 
 payable at such place or places either within or without this Province, as the said 
 Reeve shall think proper ; and that such interest shall be made payable semi-annu- 
 ally, at such time or times and place or places as the said Reeve shall in the said de- 
 benture designate and appoint; and the said debentures shall le signed by the said 
 Reeve for the time being, and countersigned by the Treasurer for the time being, of 
 the said United Townships of Moulton and Sherbrooke ; and the said Reeve and 
 Treasurer for the time being, are hereby authorized and required respectively so to 
 
 lOSiiESttlAUlUu^ .Iri ti 
 
11 
 
 sign and countersign the same, and the said debentures shall have coupons attached 
 to them for the said interest initiated by the said Reeve and Treasurer. 
 
 III. And be it further enacted, That the said debentures so to be granted, and madft 
 as aforesaid, shall be payable on the first day of May, in the year of our Lord one 
 thousand eight hundred and fc.eventy-one. 
 
 IV. And be it further enacted for the payment of the said debentures, There shall 
 be levied and raised upon the whole rateable property within the United Townships 
 of Moulton and Sherbrooke aforesaid, a special rate in each year over and above, 
 a.id in addition to all other taxes whatsoever, as follows, that is to say, froin 
 henceforth until the year of our Lord one thousand eight hundred and seventy-one, 
 inclusive, |^f of a penny to the pound. 
 
 V. And be it further enacted, That uutil the whole of the said debentures shall 
 issue, there shall be so levied and raised in each and every year for the payment of 
 the debentures actually issued, a portion of the said rate hereby settled to be levied 
 and raised, bearing such a proportion to 'Sue rate herein before settled as the deben- 
 tures actually issued shall bear to the full amount hereby authorized to be issued. 
 
 VI. And be it further enacted. That the said Brantford and Bufialo Joint Stock 
 Railroad Company may and shall have full power, permission and authority to con- 
 struct and make a Railroad, passing from the Niagara River opposite Buffalo to the 
 town of Brantford, and thence on to the line of The Great Westerm Railway, through 
 or across the said United Townships of Moulton and Sherbrooke, or any part thereof • 
 Provided always, that nothing in this section contained shall be deemed to authojize 
 or empower the said company to interfere with private property, except in accordaiuti 
 with the statute in such case made and provided. 
 
 Passed in Council, June 11th, 1851. 
 
 L. J. WEATHERBY, Town Reeve, [l. s.] 
 
 JOHN MARTIN, Township Clerk. 
 
 the 
 
 ^;.