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Les diagrammes suivants illustrent la mdthode. 1 2 3 32X 1 2 3 4 5 6 HHl I J2^ ^ -Vw* SPECTUS OF THE JOEEIlio coil Minis COMPS«y, CyVPITAL stock $;3GO.OitO. s[TAiii':s s;!.()(! i:.\( 11, A PIBMANENT AND SAFE IiWESTMENT. free: from calls. 'Vhv I'l'Df, .•!'!}■ "O!!-; '- '■' -1 < ; *Juiii(i.tI;i;i^I. ok' tin r iiiiiiiiii,' >:uii ■ Miil'i '" ' ' ' iimb.rlaii.l Basin. Nova Scotia, ami • a ' ovcriinicnt Mmini? Lcaso ironi Novi M'ou:uon:/M,Hl; ^,ant,' 'o i!...(; n.ral 311..!,,;^ A.. i'; ;;!:-ii>K\T. ALKX. .1 AT? DINT. Esq. ALKX. rAJiNHnj., l>.i. T. W. DANIEL, Esc^. SAINT JOTtK. ]y. B. J 0( C'0\ uuf ex II fiuiT PROSPECTUS OF THE JOeiS COAL CAPITAL STOCK §3!;0,0l)0. 8I1ARE8 s:i.O() MAfMI. A AND m FREE FROM CALLS. The I'rojiorty oonsir^tsof s(!Voral Scnins of Co:il. sltnatcd in the (.'onnty olCuinbcrhmil, on tlic Sliorc oftlic Cmnlx-rland IJiisin, Nova Sfotiii. null a rijjjht of niinin,:r same umU'r a (<(tv('rnniii!t Mining JiCasc* from Nova Scotlii. orifiinally jjrantt'tl to the (icncral 3liuini,' Association of Lontloii. covcriii':; about two scjuavc miles. Tlic (jnantily of (loal, wl)ic'li is alnio^l unlnnitcd, will re(|nirc s(>v(>ral jrenerations of constant workinjis ici exhaust. ]n point of shippinj:? it is most favoral»ly situated, as N'esscis cun load full etiVL^oes at the wharf at tlu^ mouth of the level. BOARD OF DIRECTORS : J. D. LKWIN, Khq., President. ALEX. JARDINE, Esq. ALEX. BARNHILL, Es.;. HENRY VAUGHAN, Esq. T. W. DANIEL, Esti. SAINT JOHN. N. B. 1874. (a.3) SITUATION OF THE PROPERTY. The Property of the Joggins Coal Alining Company consists of several seams of Coal of various sizes ; the most prominent of which is a five feot vein and a seam tliree feet thick of pure merchantable coal, known as the Cumberland seam which the Company now [jropose to work, situated in the County of Cumberland, on the shore of the Cumberland Basin, Nova Scotia ; and a right of Mining the same under a Mining Lease from the (Jovernment of Nova Scotia, originally granted to the Cieucral Mining Association of London, covering about two S([uare miles, which ex!;ends more than three miles in length from the shore back into the country on the strike or in the direction of each seam. The quantity of coal is almost unlimited or comparative!}' inexhaustible for several generations of constant workings. The quality of the coal has been thoroughly tested and proved to be a superior house coal, and the natural facilities of shipment cannot be surpassed. PROPOSED WORKINGS. The Joggins Coal Mining Company propose at once to open up and place in working order the vein of coal known as the Cumberland seam. This seam lies at almost right angles with the shore of the Cumberland Basin, it crops out on the shore and reaches as far as can be seen to low water mark, and doubtless extends itself beneath the waters of the Basin, while it covers more than three miles in length from the shore back in the direction, or on the strike of the seam. The General Mining Associtition worked this seam long enough to establish its reputation as a superior coal for house purposes. The Company noAV propose to sink a shaft, erect suitable machinery, &c., &c., to enable them to take out large quantities annually. The Joggiiis Coal Miiiiii;^ Association situated about three fourths (3-4) of a mite distant have been working tlieir seam of coal for the past two years with great success, their coals behig princij)ally used for steam purposes and during that time many of the vessels that have arrived at JoggHis seeking cargoes on tlieir own account, have asked for the coal from the Cumberhuid seam for House use, supposing the Mine to be ^^till worked by the General Mining Association. These, together with other facts make the Company feel that the production of their mine will meet with ready sale, and command tiie highest price in the market owing to its superior quality as a House Coal, and they can see no reason why this Mine should not be as successful as the seam worked by the Association. Judging from the fict of the daily increasing demand for bituminous coals, both in the home markets of New Bruns ick and Nova Scotia as well as in the vast consum- ing districts of the United States, there can be little doubt but that the present price of coal will not only be firmly maintained, but greatly increased during coming years, especially since the supplies of Great Britain are no longer looked for on this side of the Atlantic. WORKING CAPITAL. In order to place the Mine in thorough working order, the Joggins Coal Mniing Company has reserved 25,242 shares of stock Jis a working cajjital, which at par value of $8.00 per share will give .^j;!.) J26.00 This sum will be more than ample to develop the Mine as proposed. The balance of tins working capital remaining in the Treasury after the proper development of the property will be the joint property of the shareholders to be divided among them pro-rata to the amount of stock each may hold, or to be held by them as a contingent fund of tiie Company as they may decide. Something may be judged as to what the paying qualities about orking nccess, es jurI ived at asked \G use, Jeneral ly feel \y sale, ; to itH see no as the and for f New onsuni- e doubt firmly years, ► longer ^ order, 25,242 value of le Mine maining of the )rs to be ck each id of the qualities of the mine will he, from the icsiilts of the seam now heing worked hy the Jo^^^ins Coal Mining Association, wiiich paid its stockholders (S per cent, during the past year, l)eside8 placing 2 per cent, to Rest Account or contingent fund thus earning 10 per cent upon its entire Capital Stock. NEARNESS OF MARKET. ADVANTA(JIvS IN FUKIUIIT. For many years the Co.il Mines of (ape Breton have supi)lied largely the demands f r bituminous Coals in New Brunswick, Nova Scotia, and the Eastern portion of the United States, at a cost to tlu- dealer of large sums annually, paid alone for high rates of freight. The advantage of the Mines of the Joggins Coal Mining Company in tne saving of freight over (ape Breton Mines is a matter of great im- portance to tlie consumer. • All the ports in the Bay of Fundy both on the New Brunswick and Nova Seotia side, are within one and two days sail of the Mine of tiie ( ompany, which fact alone places the production of the Mine beyond the reach of outside competition. When the Company find they will have coals to spare after supplying Home deminds, and require a Foreign market, the large consuming districts of the Great Republic bordering on the Atlantic arc so close at hand as to again make the dift'erence in the item of freight amount to a hand- some sum annually in favor of this Mine. SHIPPING FACILITIES. A wharf has already been crocted which will accommodate vessels, and which can be ea^-ily enlarged as the business of the Mine may require. It is most favorably situated as vessels can be loaded with great ease and despatch, owing to the fact that the coal can be delivered to them almost directly from the mouth of the level. 1 tr^ BY-L.A."Vsr3 OF in: joiifiiM uhh mmu cowPMV ; f AllTlCLE 1. DlRKrTOH,'^. Tiic Corporate Powers of tliio Company shall be exereisefl by live Directors, "vvlio shall Dijinage the business and affairs of the Company. ARTICLE U. OFFICES OF JU'SIXESS. The principal office for the transaction of business of this Company and the genv -al diiection of its affairs, shall be located in the City of ?t. John. Avith such other office near the Company's works as the Board of Directors may at any time direct. ARTICLE in. ANNUAL MKHTINt] 01" STOCKIIOLDIORS. The Annual Meeting of Stockholders shall be held at the office of the Company, in the City of St. John, on the first Monday in Eebruary, in each year : public notice of such meeting to be given by the Secretary of tho Company in two of the newspapers printed i)\ the City of St. John, at least twice in each week, for two successive weeks, im- mediately previous to the time of holding such meeting. ARTICLE IV. f^l'ECIAT. .MEETlXtJ OF «iOCKIIOLDERf5. Special Meetings of the Stockholders may be called at any time by the Board of Directors, on giving ten days' j)revious notice thereof, in writing, to each Stockholder personally or through the Post Office, or one of the city ne\;spapers : and the Board of Directors shall be required to call such Special Meetings on the -written request of the owners of one-third of the Capital Stock of said Company; t he said rc(piest to specify the object of said meeting. Any fecial Meeting, as aforesaid, may be adjourned to .f future dayAfU Yio^new matter, not specified in the request, shall be intflBpfe^gSs&rdonsidered at any adjourned meeting, (ixcept by the unaWTmous consent of said meeting ; but no such meeting of Stockholders shall be valid or compotoiiip transact any business whatever, (except to vote on adjourn- ment) unless a majority in interest of the whole stock be present or duly represented bYj>roxy at such meeting. r MffIC:LE Y... ^ ■*• ELECTION OF DIRECTORS. The Board of Directors, (each of whom must own at least five hundred shares of Stock,) shall be elected by ballot at each Annual Meeting of the Stockholders, and in case of no election, the old Board shall hold over until their successors are elected. ARTICLE VL VOTE AND PROXIES. At all meetings of the Stockholders, and at all elections held thereat, each share of stock shall be entitled to one vote, and may be voted in person or by proxy ; but all proxies shall be filed with the Secretary at or previous to the time of voting, and all (j[uestions shall be decided by a majo/ity of votes given at such meetings. jm \x^ ,— „_^- -»..l-.v -. - rr T r Mm i^: i ARTICLE Vir. OFFICERS OF COMPAXY. The officers oftlic Company shall foiisist of a Prcsi^lent. who ."^hall be eloctcd iVoiu the Board of .Dircctor.s : n TreaBUier. wIto shall who act as ^rr-ietavy. Tln'V shall he appoiiitccfby the Board of Directors witiiiii t«n days after each Annual Election of said Board, and shall hold office until the next Regular Election, or until their successors are elected. ARTICLE Vltl. AdENTS — now AP1'0IMEI>. The Board of Directors ni:'y, from time to time, appoint a Mana^i'i- and servants as, in their judgment, the interest and busine- of the Company may require; iix the com- pensation of said officers, agents an'l servants, and define their duties. ARTICLE IX. POWER OF DIllEC'rOR>. In the event of the death or resignation of a Director, the Directors resident or doing business in the city of St. John at the time of such death or resignation, shall have power to appoint a Stockholder to fill the vacancy until the next general election. ARTICLE X. REPORT OF OIRFCTORS. The Board of Directors shall make a report at every Annual Meeting of the Stockholders, showing the situation of the property and financial affairs of the Company, such report to be signed by the President and countersigned by the Treasurer and Secretary. fcctor.s : i\ H' ^liall 1)0 days alter hold office successors lie. appoint lie interest V the coni- aiid define '1 Director, city of St. shall have jy until the •t at every he situation ipany, such jrsigned by \\ u.«wiaiu»iuiii 9 ARTICLE XL DIVIDBNDS — WIIEX DECLARED. The Board of Directors shall clechire dividends from tlie net earnings or profits of the Company, when and as often as, in their judgment, the condition of the Company will admit. The transfer books to be closed at least ten day,< previous to the date of payment. The dividend to be paid to the Stockholders standing on record at the closing of said books. ARTICLE XII. MEETINGS OF DIRECTORS. All meetings of the Board of Directors shall be held at the office of the Company, in the city of St. John, quarterly, or as often as may be necessary, upon the cull of the Presi- dent, and due notice thereof given by the Secretary to all the members of the Board of Directors. Three of the members shall form a quorum for the transaction of business. ARTICLE XIII. DUTY OF PRESIDENT. It shall be the duty of the President to preside at all meetings, both of the Stockholders and Board of Directors : to sign all .certificates of stock, bonds, deeds, debentures or contracts made or entered into by, or on behalf of the cor- poration, and in general to perform all the acts usually incidental to such corporate office, and required by the provisions of the Corporation Act. ARTICLE XIV. DUTY OF TRUASUKKR. The Treasurer shall have the custody of all the funds of the ( ompany. He shall make his (ash Deposits in the Bank of New Brunswick as the money is received, and his bank account shall l-o kept in the name of the Company, and mum Ml I,' i i IG all checks to (Iraw the sjime shall be signed by the President or two Directors and countersigned by the Treasurer.' lie shall sign receipts and acknowledgments for all moneys and other property of the corporation which may come into his hands, and disburse and appropriate the same only under the direction tind v i It the function of the Board of Directors. He sluill also render a full and particular statement of his cash account, accompanied -with vouchers, at every Annual Meeting of the Company, and (quarterly or as often as the Directors may re(juire for the Board of Directors, showing the condition of its financial affairs: and a similar account at any IJegular Meeting of the Stock- holders. The Treasurer )-•, fore entering upon his duties shall give a good and sufl'-.-ient Bond with two or. more sureties, to be approved by the Directors in a sum not less than ."gL^OOO. ARTICLE XV. DUTIES OF THE SECRETARY. • The Secretary, avIio may also serve as Treasurer, shall duly notify all meetings of Stockholders and Board of Directors, and shall record the proceedings of the same in a book to be kept for that [)ur[)ose. lie shall always i)repare and keep proper books of account for the business of the Company — a st(X!k ledger, transfer l)ook, and such other books and papers as the Directors or Stockholders may prescribe. aii or. more m not less urer, shall Board of same in a ys i)repare ess of the uch other ders may ee of the )rs, all of il be kept liis posses- tion of the at any of )untersign locuments rally shall ain to his he provi- J { h 11 ARTE'LE XVr. CERTIFICATE OF STOCK. The Certificates of Stock shall be luinibered and registered in the book from which they are taken as they are issued. They shall exhibit tlie holders, name and the number of shares, and be signe. ART1( LE XXr. SEAL OF THE COMPAXY. The Corporate Seal sliaJl be ( ircular, on which shall be borne the name of the Company: of which Seal the Trea- surer shall have the custody. ARTK LE XXIL SHARES OF THE COiMPANY. The shares of this Company shall not be subject to calls or assessments by the Directors or Stockholders. ARTICLE XXIIL SALAKY. No Director shall be entitled to or receive any salary or emoluments for his services as a Director. i: \>tl s ifric Imll ii'iit h.ill 1, vcd- ■0 calls ny or