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 I^ioiogFaiJiic 
 
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Ti^fla 
 
 '■S^i'UW'i 
 
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3Rfimiirnnltum 
 
 R«Utin( to the Bill ictrodactd b.r Mr. M. C. Oakimv, la« 
 tltaltd "An Act to remor* duubti ai to ths legalUjr 
 of oertala instriimeatt tJcnia ffl«DtioMd, and for 
 othtr purpoiti." 
 
 J^<..^^. 
 
 Priattd bf lluatcr, Iioie&L«nleuj, St. i;r«ui« St. 
 
C.OAimev,lB> 
 19 to th9 legalitjr 
 aUoud, and for 
 
 St. I'riul* St. 
 
M E M O B i^ N r> XJ M 
 
 Relating to the Bill introduced by Mr. M. C. Cameron, intituled "An Act to remove doubtn 
 as to the legality of certain instruments therein mentioned, and for other purposes." 
 
 <■■> 
 
 In the year 1846, nn Act was passed by the Legislature of the Province of Canada, incorporating 
 the Port Hope and Peterborough Railway Company, with power to construct a Railway between the 
 Town of Peterborough and some point on Lake Ontario at Port Hope. 
 
 Beyond the survey nothing was done towards building the road, when in 1852, the charter having 
 expired by nonusage, an Act was passed reviving it, and in 1853 another Act was passed giving to the 
 Company the rigiit to build a branch road from some point on the main line to the weptern boundary of 
 the Township of Mariposa in the County of Victoria. 
 
 Under this last Act contracts were entered into with the late Mr. Zimmerman, for the construotinn 
 of the road from Port Hope to Lindsay, the terms of the contract being that the contractor should accept 
 as part payment, first mortgage bonds on the road to the amount of j£125,000. 
 
 In 1854 a further Act was passed, amending the former Acts and changing the name of the Com- 
 pany from the Port Hope and Peterborough Railway Company, to the Port Hope Lindsay and Beaver- 
 ton Railway Company, but retaining to the Company all the powers and rights which they possessed 
 nnder former Acts. 
 
 In 1857 an effort was made to induce the Municipality of the Town of Peterborough to assist in tho 
 construction of a branch road from the Village of Millbrook to the Town of Peterborough, and in order 
 to secure such co-operation, the following arrangements were entered into for the purpose, as well of 
 securing the appropriation of the money to be subscribed by the Town of Peterborough to the con- 
 struction of the branch line aforesaid, and for securing to the Municipality to payment of the interest on 
 the stock to be by it subEcribed. 
 
 The Port Hope, Lindsay and IJeavorton Railway Company, by an indenture made the thirteenth day 
 of November 1857, a copy of which is printed in the pamphlet accompanying this circular, leased to 
 George Tate of the City of Toronto, Esquire, and John P"owler of the Town of Cobourg, Contractor, 
 the right to make a railroad from Millbrook to Peterborough, giving to them all the powers in relation 
 to that portion of the road, whicli by tlicir ciiartcr belonged to themselves, for the annual rental of Ji) 
 per year, and for the term of n!)i( years, the conditions being that the said parties should, with the as- 
 eistanee of tho Municipalities of Peterborough and Port Hope, construct the said branch railroad. 
 
 In order to secure such assistance, tiie aforenamed George Tate and John Fowler, executed an in- 
 denture by way of mortgage — a copy of which is likewise contained in the pamphlet hereto attached, 
 to Trustees on the part of tha Towns of Peterborougii and Port Hope, upon the lease beforenientioned, 
 securing to such Trustees, for the benefit of the Municipalities, the payment of interest at the rate of 
 tix per cent on the subscriptions towards the construction of such branch railroul, which mortgage was 
 assented to by the Company, 'iii<l sig' ed on their behalf by tho President thereof. 
 
 And in order to renuivo any doubts as to the prior cla m of otiicr parties to an interest in tlie profits 
 of the said branch, Joseph A. Woodruff, of the Town of Ni.gara, Esquire, and Gilbert McMicken, of 
 Elgin, Esquire, Trustees of the estate of tho late Mr. Zininieinian, and holders on behalf of such estate 
 cf the first mortgage bonds amounting to £125,000 already mentioned, executed an instrument on tho 
 sixth day of August 1857, releasing the said portion of the roiul, between the Village of Millbrook and 
 the Town of Peterborough, from the mortgage. A copy of tho release is also printed in the pamphlet before 
 alluded to. 
 
 L'nder these arrangrments, the Town of Peterborough subscribed j£30,00 of stock, which amount 
 was borrowed from tho MuMieipil L ).in Fund, and from oilier sources, and paid to the Contractors in 
 ac.'ord lOJ!! wit'i a'» a.;.-ji! a 'nt eiiMol into b.-tw-vn tli,> parties, and to whicli tho Co:n;3j.iiy give its 
 assent to the following resolution. : — 
 
 September 5th, 1857. 
 
 At a meeting of Director's hold at the Company's offiee, on 5th day of September, 1857, present 
 the I'resident, tiie Mayor of Port Hope, Messieurs. Quinlan, Kirkholfer, Eraser, E. P. Smith, and 
 Beamish. 
 
 It was moved by Mr. Kirkhoffer, and seconded by Mr. Beamish : 
 
 That, whereas the Port Hope L. & JJ. Railroiid Company, have agreed with Messrs. <Jeii. Tate and 
 Jno. Fowler, to lease to them for the term of l»!)lt years, that portion of the Port Hope L. & B. Rail- 
 way, lyin;i between the Village of Millbrook and the Township of Cavan in the County of Durham and 
 the Town of Peterborough, for the sum of five dollars per annum. 
 
 And whereas a llv-law lias passed the two readings in the Town Council, in the Town of Peter- 
 borough aforesaid, and was approved of by the rate-payers of the same Town, at a public meeting held 
 in the Town Hall on the 3rd day of September, at ten o'clock in the forenoon, providing for the taking 
 of £30,000 slock in the said Company, for the express and only purpose of aiiling in tlie construction 
 of the said portion of the said road, lying between Millbrook and Peterborough aforesaid, and in order 
 to secure the final completion of the same and thereby to guard against any further call upon tho said 
 Municipality, it was then ngreed that the calls upon the suiii stock shall only be made in instalments, as 
 the work progi esses, reserving 10 per cent, or such per centage as may be agreed upon between the said 
 Municipality an<l the Leasees, over and unpaid until after the completion of tiic said road. 
 
 It is therefore hereby declared, that this Company, having no immediate interest in the money to 
 
a 
 
 bo raieed for the said stock so to bo subscribed for, as aforesaid, by the said Municipalities of Peter- 
 borouffh and Port Hope, desire to have no control over the same, and therefore do hereby relinquish 
 and give up, all authority over and control of the satne, and do herebv leave the Town and Town Gouhcil 
 of Peterborough, and the said Oeorge Tato and John Fowler, as such Lessees as aforesaid, to make such 
 arrangements respecting the payment of calls upon stock as to them shall seem best, without any refer- 
 ence whatever to this Company respecting the same. The said Company hereby binding itself not to 
 interfere, in any manner whatsoever, with such arrangements, nor to do any act, matter or thing, 
 touching or concerning the same. — Carried. 
 
 E. P> Smito dissentient. 
 
 (Signed) Thos. 0. Olaskb, 
 
 Secy, pro tern of 
 
 P. H. L. & B. R. Co., 
 
 But doitbts having recently arisen as to the legality of the lease executed by the P. H. L. &; B. R. R. 
 Company, to Messrs. Tate and Fowler, and consequently as to the validity of the subsequent preceedinga 
 taken thereupon ; and the Trustees of the estate of the late Mr. Zimmerman, having, in the face of 
 the release executed by them, being judgment creditors of the Company for the amount of ^26,000, 
 commenced proceedings to compel the Town of Peterborough to pay over again the subscription of 
 £30,000, to the stock books of the Companv, upon the ground that such subscription was not paid 
 directly to the Officers of the Company, the '/own of Peterborough have applied to the Legislature for 
 an Act confirming the legality of the lease to Messrs. Tato & Fowler, and all proceedings taken there- 
 upon, and declaring their subsc.iption to have been paid up. 
 
 The Municipal Corporation of the Town of Peterbbrough, having secured the approbation of the 
 Directors of the Company, and of the present Lessees of the branch to tho proooeding, appeal with 
 confidence to the Lajislaturo to confirm procsedingj taken by them in gaod f^ith, and carried out by 
 them in a like spirit.