IMAGE EVALUATION TEST TARGET (MT-3) /. // V fA 1.0 I.I 1.25 iia iiiM %U |||Z2 ii2 III 2.0 1.4 1.6 6" ^ ^a ^ e. ci W , '^ ■■>■ /A /; w o 7 Photographic Sciences Corporation 33 WEST MACN STREET WEBSTER, NY 1 4580 (716) 872-4503 t/j fA i ■s? Cn \ .\ ^o ^^..:'^ CIHM/ICMH Microfiche Series. CIHM/ICMH Collection de microfiches. Canadian Institute for Historical Microreproductions / Institut canadien de microreproductions historiques Technical and Bibliographic Notes/Notes techniques et bibliographiques The Institute 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. 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This item is filmed at the reduction ratio checked below/ Ce document est filmi au taux de reduction indiqui ci-dessous. 10X 14X 18X 22X 26X 30X J 12X 16X 20X 24X 28X 32X 'e 6tails 18 du nodifier ir une ilmage )S The copy filmed here hat been reproduced thanks to the generosity of: Library of the Public Archives of Canada The images appearing here are the best quality possible considering the condition and legibility of the original copy and in keeping with the filming contract specifications. 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 a printed or illustrated impression. The last recorded frame on each microfiche shall contain the symbol — ^ (meaning "CON- TINUED"), or the symbol y (meaning "END"), whichever applies. Maps, 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: L'exemplaire fiimA fut reproduit grAce d la g4nAros(<nma/rtej-:uins of mnney by them subscribed, at such time and place, and in .such paymenUi ur instal- ments as the By-laws of the Company may re'iuire or allow; and inttM-est shall accrue and fall due, at the rate of six per centum |,(u- annum, upon the amount of any unpaid call, from the day appointed for [)uy- ment of such call. 11. Not less than ten per centum upon the allotted Stock of the Company shall by means of one or more calls be called in and made payable within one year from the incorporation of the Company ; and foi- every year thereafter at least a further ten per centum shall in like manner be called in and made payable, until the whole shall have been so called in. 12. The Company may enforce payment of all calls and interest thereon, by action inu. ) competent Court ; aud in such action itslialt uot be necessary to set forth the special matter, but it shall be sutficient to declare that the defendant is a holder of one share or moic, Btatinective shares in the capital stock thereof. 29. No person holding in the Company as an executor, adminis. trator, tutor, cnrator, guardian or trustee, shall be personally subject to liability as a shareholder ; but the estates and funds in the hands cf 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 compe- tent to act,and holding such stock in his own uame , and no person holding such stock as collateral security shall be personally subject to such liabiliy | but the person pledging such stock shall be consider- ed as holding the sauie,and shall be liable as a shareholder accordi ngly. 30. Eve-y 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 person who pledges his stock may nevertheless represent the same at all such meetings and may vote accordingly as a shareholder. 31. 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 Corapany insolvent or diminishes the capital stock thereof; they shall be jointly and severally liable, as well to the Company as to the individual s.hareholders and creditors thereof, for all the debts of the Company then existing, and for all thereafter contracted during their continuance in office, respectively; but if any Director be present when suchdiviJend is declared, do forthwith— or if any Director then absent do witiin twenty-four hours after he shall have become aware thereof, and able so to do— enter on the Minutes of the Board of Direc- tors his protes : against the same, and do within eight days thereafter jjublish such protest ia at least one newspaper published at, or as near as may be possible to the office or chief place of business of the Com- pany, such Di ector may thereby, and not otherwise, exonerate him- self from such liability. 32. No 1 ydn shall bo made by the Company to any shareholder ; and if such be made, all Directors and other officers of the Company making the same, or in any wise assenting thereto, shall b c jointly and severally liable to the Company, for the amount of such loan — and also to t'aird parties, to the extent of such loan with legal in- terest — foraU debts of the Company contracted from the time of niak ing si'ch lor.n to that of the re-payment thereof. 3;!. Any dcscriplion for money due, owing or belonging to the Company, and shall depo- sit the same to the credit and in the name of the Company in such Bank as the Directors appoint. As Treasurer he will sco that all pursers, clerks, and agents account for and pay over to him all the monies of the Company, will deposit the same in the Bank where the Company's account is kept, and will sign, with the Preside-. t, or Vice-President, checks for all payments to be made on account of the Company. He shall keep a regular set of books, containing the accounts of the funds pass- ing through his hands ; and whenever required by the Directors, he shall make up a detailed statement of all such accounts ; and he shall make and deliver for the use of the Directors, a complete settlement and balance of the books and account of the Compa- ny, made up to the 31st day of December in each year, or to any other time the Board may require. The Seal of the Company shall be in the custody of the Secretary. 11. Every officer of the Company who receives money will be obliged to give security in such sums and mannncr as the Di- rectors may appoint. 12. All officers shall be appointed by the Board during pleasure, but may be for any cause suspended from oificc by the President until the case Is decided at the next meeting of the Board. 13. The salaries of the officers of the Company shall be de- termined from time to time by resolution of the Board. 14. The certificates of the number of shares to which each of the shareholders is entitled shall be signed by the President, and countersigned by the Secretary, under the Seal of the Com- pany to each of the shareholders respectively, which certificate shall be in the form following : — The Ottawa and Rideau Foewardino Company. iVb Shares, $500 each Share, This certifies that of is the proprietor of Shares of Five Hundred Dollars each in the Capital Stock of the Ottawa and Rideau Forwarding Company, transferable only at the office of the Company by the said or lawful Attorney, on the surrender of this Certificate. Ottawa- —18— -Sec. & Treas. President, And the following shall be the form of transfer and accept- 17 38 nnce of Shares in the Capital Stock of the Company: Shares Ottawa 187— For value received hereby assign and transfer to of all my right, title and interest in Shares of the Capital iStock of the Ottawa and Kideau Forwarding Company standing in — name on tiiu books of said Company. Witness ) — — — - T do hereby accept the foregoino^ Assignment of Shares in the Stock of tlio Ottawa and Kideau Forw.uding Company, assigned to as above mentioned, tbis day of one thou- sand eiglit hundred and 15. Books fur the registry and transfer of Shares and of the addresses of the shareholders shall be kept by the Secretary at the office of the Company, and in such other custody and place :is shall from time to time be directed by the Board, and shall bo closed once in each year from the fifteenth day of De- cember until the first day of January following. New certifi- cates of such stock so transferred may be issued by the Secretary, if required, upon the delivery and cancelling of the former cer- tificates. IG. The Directors shall, once in each year, cause a ba- lance sheet of the aftairs of the Company to be made up; and shall, thereafter, by resolution, declare the amount of the profits of the Company for that year; and shall, in their discretion, fix tlio amount of any dividend in respect thereof, and the time and place of the payment of such dividend. 17. All agreements and contracts for carrying on the ordinary business of the Company to be made or entered into, sh-11 be made or signed by the President, Vice-President, or General Manager on behalf of the Company ; but this shall not authorize the building, purchasing or sale of boats, or real estate of the Company. 18. No officer of the Company shall pledge the credit of the Company by signing or issuing any note, bond or other obli- gation of the Company, except as provided in the By-laws, with- out the consent of the Directors. 13. The Secretary shall keep the minutes of the proceed- ings of all meetings of Directors or shareholders in books kept for the purpose. In his absence a pro Um. Secretary shall be appointed to take the record of any meetings. All such minutes shall be submitted to the Board or shareholders at the then or I 18 next mcetinp;, for approval or correction, and shuU be thereafter si{;Ded by the President and Secretary. 20. The Directors shall appoint two Auditors, who shall audit the accounts previous to, and report thereon at the annual meeting, which shall take place on the third Tuesday in January of each year. 21. All supplies will, as fur as possible, be taken by con- tracts, and no Director or officer of the Company is to be a con- tractor or directly or indirectly interested in any contract for supplies. 22. The Board of Directors shall consist of five who shall be duly qualified according to the provisions of the Coru- pany's charter and shall hold office until the next annual meeting. Three of said Directors shall form a quorum and be competent to transact any business of the Company — any agent or officer of the Company holding stock in his own name is duly qualified to be elected a Director. 23. The President with the Secretary of the Company will sign, endorse and accept for and in the name of the Com- pany all Checks, Notes, and Drafts which may have to be so sign- ed endorsed, and accepted, for the transaction of the business of said Company, without it being necessary to have any special au- thorization to do so in any special case. 24. Notwithstanding anything to the contrary heretofore declared, the office of the (/ompany shall, till otherwise determin- ed, be appointed and fixed at the City of Montreal — 25. All meetings of Stockholders or Directors shall be call- ed by written notice mailed to them, at their respective places of residence at least ten days before the holding of such meeting. 26. These By-laws shall not be altered, amended or re- pealed at any meeting of the Directors, unless notice of such al- teration shall have been given at a previous meeting, and the same be adopted by the unanimous consent of the Directors. In Testimony Whereof the Directors have caused these By-laws, orders, rules and regulations, adopted, made and enact- ed as aforesaid, this tenth day of January in the year of'our Lord 1872, to be signed by the President, and sealed with the Corpo- rate Seal of the Company. [Signed] L. BARNES. President. ;i=!l M i' Sf/'/f ■