^^^ O .\'^^^' IMAGE EVALUATION TEST TARGET (MT-3) m, A // 5^ ^> ^ ^ .;rt!->' 1.0 1.1 11.25 U»2i IM ISO ^^" Mh ■tt lU |22 FhotDgraphic Sdmoes Offparation <^ n WKT MAM f TMIT WIISTM,N.Y. 145M (71*)i72-4M3 4^ ;\ A. CIHM/ICMH Microfiche Series. CIHM/iCMH Collection de microfiches. Canadian Instituta for Historical IMicroraproductions / Institut Canadian da microraproductions liistoriquas Technical and Bibliographic Notaa/Notas tachniquaa at bibliographiquaa The instituta haa attamptad to obtain tha baat original copy availabia for filming. Faaturaa of thia copy which may ba bibliographically uniqua. which may altar any of tha imagaa in tha raproduction. or which may aignificantiy '.hanga tha uaual mathod of filming, ara chaclcad balow. D D n D D D D D D D n Colourad covara/ Couvartura da coulaur Covara damagad/ Couvartura andommagte Covars rastorad and/or laminatad/ Couvartura raataurta at/ou palliculAa Covar titia miaaing/ Le titra da couvartura manqua Colourad maps/ Cartas gtegraphiquas 9n coulaur Colourad init (i.a. othar than blua or black)/ Encra da coulaur (i.a. autra qua blaua ou noira) Colo'jrad plataa and/or illuatrationa/ Planchaa at/ou illuatrationa an coulaur Bound with othar mataria!/ RaliA avac d'autraa documanta Tight binding may cauaa ahadowa or diatortion along Intarior margin/ La re liure serrte peut cauaar da I'ombra ou da la diatortion le long de la marge int^rieure Blank laavaa addad during reatoration may appear within the text. Whenever poaalbla. theae have been omitted from filming/ 11 aa peut que certainaa pagea blanchaa ajoutAea lore d'une reatauration apparaiaaent dana la taxte, mala, lorsque cela Atait poaalbla. caa pagea n'ont pea 6t^ filmtea. Additional commenta:/ Commentairea aupplAmantairaa; L'Inatitut a microfilm* la meilleur exemplaira qu'il !ui a *t* poaalbla da aa procurer. Lea ditaila de cet exemplaira qui aont peut-Atra uniquea du point de vue bibliographique, qui peuvent modifier une image raproduita, ou qui peuvent exiger une modification dana la m^thoda normale de f iimage aont indiquAa ci-daaaoua. Th< toi \, \ D D D D D D D D Coloured pagea/ Pagea da coulaur Pagea damaged/ Pagea endommagAea Pagea reatored and/or laminated/ Pagea reataurAea at/ou pelliculAea Pagea diacoloured, atained or foxed/ Pagea dAcoiortea. tachat^ea ou piqutoa Pagea detached/ Pagea dAtachAea Showthrough/ Tranaparance Quality of print variaa/ Qualit* inigala de I'impreaaion Includaa aupplamentary material/ Comprend du material auppMmantaire Only edition available/ Seule Edition diaponible Pagea wholly or partially obacurad by errata alipa, tiaauea, etc., have been ref limed to enaura tha baat poaalbla image/ Lea pagea totalement ou partiallcment obacurciea par un feuillet d'errata, une pelure, etc.. ont *(* filmAea A nouveau de fapon A obtenir la meillaure image poaalbla. k Th« poi of filn Ori be, th« •io ot> fin aio or Th( •hi TIf wli Ml dif en be rig re< mi Thia item is filmed at the reduction ratio checked below/ Ce document eat film* au taux de riduction indiqu* ci*deaaoua. 10X 14X 18X 22X 2BX 3DX 7 12X 16X aox MX 2tX 32X k Tht copy filmed r.«r« hM bMn r«produo«cl thanks to th« 9«n«rotity of: Samirary of QiialMe Library Th« imagM appoaring liara ara tha baat quaiity poatibia eonaldaring tha condition and laglbility of tha original copy and in itaaping with tha filming contract apacificatlons. Original copiaa in printad papar covara ara f ilmad baginning with tha front eovar and anding on . tha last paga with a printad or illustratad impraa* sion, or tha back covar whan appropriata. All othar original copies ara f ilmad baginning on tha first paga with a printad or Illustratad impraa> sion. and anding on tha laat paga »' 'th a printad or illustratad imprassion. Tha last racordad frama on aach microfloha shall contain tha symbol — *• (moaning "CON- TINUED"), or tha symbol ▼ (maaning "END"), whichavar applias. IMaps. plataa. charts, ate may ba filmad at diffarant raductlon ratioa. Thosa too larga to bo antiraiy included in ono axpoaura ara filmad baginning in tha uppar laft hand cornar. laft to right and top to bottom, aa many framaa as required. The following diagrama Illustrate tha method: L'exemplaire film* fut reproduit grAce k la gAnirosit* da: Mminaira da Qu4b«c Bibliothiqua Lea images suivantas ont it* raproduitas avac la plus grand soin, compta tanu da la condition at da la nattet* da i'examplaire film*, at an r onformit* avac les conditions du contrat da filmaga. Lea exempleires originaux dont la couvartura an papier eat imprimia sent filmte an cortimanf ant par la premier plat at an tarminant soit par la darnlAre paga qui comporta una amprainta d'impraaaion ou d'lilustratlon, soit par la second plat, aalon le caa. Tous lea autres axemplairas origifMux aont filmAs an commandant par la pramlAre page qui comporte une empreinte d'impreeaion ou d'illustratlon at •n terminant par la darni4re page qui comporte une telle empreinte. Un dee aymbolaa suivsnts apparattra sur la darniire Image do cheque microfiche, salon k caa: la symbols — »> signifie "A SUIVRE". la aymboia ▼ signifie "FIN". Les cartaa. planches, tableaux, etc.. peuvant itre filmto A dee taux da rAduction diff Grants. Loraqua la document est trop grand pour Atra reproduit en uh seui clichA. 11 est film* i partir da Tangle supArieur gsuche. de gauche A droita. at de haut an baa, an prenant la nombre d'Imagaa nicassaira. Las dlagrammas suivsnts illustrant la mAthoda. 12 3 32X 1 2 3 4 5 6 -rt^." WDA GITRAL RAILWAY. An Act to incorporate the Canada Central Railway Company, and to amend the Act, intituled : An Act to provide for and encourage the construction of a Railway from Lake Huron to Quebec. WHEREAS it has been found that tlio ctmstmction of the Preamble. Railway authorized by the Act passed in the nineteenth and twentieth years of Her Majesty's Reign, intituled : " An Act 19, 20 V. cap. to provide for and encourage the construction of a Railway ^^^' from Lake Huron to Quebec^ has been attended with dilfieulty in consequence of the want of a concentrated interest therein ; And whereas it is expedient to extend and amend the said Act and to change the name of the Company ; and whereas certain persons have, by their petition, represented that the vast country extending tlirough the interior of this Province is wholly without railway communication, and would be greatly bene- fitted if opened up thereby ; and whereas the said persons have, in their said petition, prayed to be incorporated for the said purposes, and for the purposes of the said recited Act, under the name of the Canada Central Railway Company : Therefore, Her Majesty, Ijy and with the advice and consent of the Legis- lative Council and Assembly of Canada, enacts as follows : 1. Nicholas Sparks, Joim Supple, Alexander Mcintosh, certain per- Christopher Armstrong, William O'Meara, P. Pearson Harris, sona incorpo- Thomas Langrell, Peter A. Eglison, William Jno. Wills, J. B. "**««*• Mongenais, Joseph Hinton, Robert Craig, James Deyke, James Goodwin, Francis Clemow, James Leamy, John Forgie, James Skead, Alexander Scott, J, M. Currier, John W. Loux, Richard W. Scott, and William Frederick Powell, Esquires, with all such other persons. Corporations and Municipalities as shall become Shareholders in the Company hereby constituted shall be, and they are hereby ordained, constituted and declared a body Corporate and Politic, by the name of the " Canada Central name. Railway Company." 9. The first, second, third and eleventh sections of the said Canada Cen- Act cited in the Preamble of this Act, in so far as they are Jfal Railway inconsistent with the provisions of this Act, and so much of gu^^d^for''' any other section thereof or of any other Act as is inconsistent eertain other with this Act are hereby repealed, and the said Canada Companies. Central Railway Company is hereby declared to be in the place and stead of the Companies therein named ; except Exception, as regards the Brockville and Ottawa Railway Company, the Carillon and Grenville Railway Company, and the North Shore Railway Company therein named, which last mentioned Companies, together with the Cemada Central Railway Com- pany, shall hereafter be entitled to all the benefits, franchises and privileges granted by th(! above cited Act, except in so far as they are by this Act altered, and all the remaining clauses and provisions of the said recited Act not inconsistent with this ProTiM. Act shall be the same as if incorporated herewith ; provided, always, that in conformity with the Act twenty-third Victoria, chapter one hundred and eight, whenever the Montreal and Bytown Railway Company is mentioned in the said Act, the provisions referring thereto shall be held to apply to the Carillon and Grenville Railway Company ; provided, also, that the North Shore Railway Company, mentioned in this Acl, means the North Shore Railway and St. Maurice Navigation and Land Company. ProTisions of 3. All the provisions of the Railway Act shall be incor- Railway Act porated with this Act, save in so far as they may be inconsistent with any express enactment herein contained. incorporated. Company may construct a Railway from Lake Huron to Ottawa and Montreal. Proviso. Company may unite with certain other Companies. Union to be adrertised 4. Tile Company may lay out, construct and finish a double or single track of Railway from such point on Lake Huron as may be found best adapted for the purpose to the City of Otta- wa by way of Pembroke and Arnprior, and from the City of Ottawa to tlxe City of Montreal ; Provided, always, that with- out the consent of the Directors of the said Canada Central Railway Company, the Carillon and Grenville Railway Com- pany sliall not have power to construct the section of the said Railway between Hawkesbury and Ottawa until the expiration of three years from the passing of this Act, nor afterwards if the Canada Contra! Railway Company shall have commenced, and shall proceed with the construction thereof. 5. The Company hereby incorporated, the said North Shore Railway Company, the Carillon and Grenville Railway Com- pany, by that name or under the corporate name of tlie Ottawa Valley Railway Company, or any two of them, lying contiguous io each other, may, if they deem it advisable, unite together as one Company ; and such union may be made by a deed of agreement between the Companies so amalgamating, first approved of by resolutions passed respectively at meetings of the Stockholders of such Companies specially called for the purpose ; And such deed shall specify the name to be used as the corporate name of such amalgamated Company, which shall be the name of one of the Companies so amalgamating, and shall be valid and binding upon all persons and parties concerned ; — and upon such amalgamation, the new Company thereby formed shall forthwith cause the fact of such amalgam- ation and the corporate name thereby assumed to be advertised in The Canada Gazette ; and thereupon the new Company shall have all the rights, powers, claims and privileges, and snail be subject to all the duties and obligations conferred upon or held 8 Adjustment of proportions of lanas to be re- oeivfld by the several Com- panies. Proviso. by the Coirpanies so amalgamating or to which such Companies were subjected by their Acts of incorporation. 6. And for the better adjustment of the proportions of the 8aid several Companies in the lands appropriated and set apart in aid of the said line of Railway by the Act cited in the pre- amble of this Act, it is hereby enacted that they shall be regu- lated as follows, to wit : setting apart iu aid of the said North Shore Railway Company three tcjnths thereof, and dividing the the remainder thereof into as many parts as there are miles in distance between Montreal and the extreme North Western terminus, which could be reached by the main line of any of the five Companies mentioned in the second subsection of the third section of the said Act, under their respective Acts of incorporation, namely, the Village of Pembroke, and appro- priating one such part thereof to each and every mile of such distance in aid of the construction thereof; Provided, always, that the powers of the said North Shore Railway Company, the Brockvilie and Ottawa Railway Company, and of the Carillon and Grenvillc Railway Company, in respect of the portions of the said line of Railway which they are empowered to construct by their respective Acts of incorporation and by the Acts in amendment thereof, shall not be abridged by the pro- visions hereof except in so far as they are abridged bythe pro- viso in the fourth clause of this Act ; and provided, also, that in the computation of th<^ said distance the line of Railway con- templated by the Act citcid in the preamble to this Act, shall be followed as nearly as may be in conformity with the third clause thereof, but without reference to the parts therein esta- blished ; except that the distance between Vaudrsuil and Hawkesbury shall also be computed as part of the said distance, and that no portion of the Grand Trunk Railway, of which any of the said Companies shall avail themselves to reach Montreal, shall be held to form a portion of the distance for which said Company shall be entitled to aid under this Act ; Provided, always, that if, within five years from the passing hereof, the Brockvilie and Ottawa Railway Company shall proceed with and complete the construction of the portion of the said Rail- way lying between Amprior and Pembroke, they shall be entitled to all the pri- ileges in respect of the said appropria- tion, to which the said Canada ('entral Railway Company would be entitled under the provisions of this Act on con- structing the said portion of the said Railway; and provided. Proviso, also, that in the event of the Canada Central Railway Com- pany failing to ecnstruct the said portion of the said Railway, between the City of Ottawa and Vaudreuil or any part thereof, within five years from the parsing hereof, the VandTeuil Rail- way Company, under its Act of incorporatioii, which shall contirttie to be in force, shall liave the right to construct the same, and thereupon shall have all the privileges hereby con- ferred upon the Canada Central Railway Company in respect of the said portion thereof. •^ Proviso as to computation of distance. Exception. Proviso. Form and re« glstntion of •eeds, &c., under this Act. Fee to RegiB- trar. 7. Deeds and Conveyances, under this Act, for the lands to be conveyed to the said Company for the purposes of this Act, shall and may, as far ns the title to the said lands or the cir- cumstances of the parties making such conveyance will admit, be made in the form given in the Schedule annexed to this Act, marked A ; and all registrars are hereby required to register such Deeds in their Registry Books on the production thereof and proof of execution, without any memorial, and to minute every such entry on the Deed ; the said Company are to pay the Registrar for so doing the sum of two shillings and six pence and no more. First Direct- ors. Opening of Stoclc books. 8. John W. Loux, Robert Craig, James Skead, Richard W. Scott, Henry W. McCann, John McKay, John Supple, Joseph Hinton, William Frederick Powell, Coll McDonell, John Forgie, Peter A. Eglison, William F. Lewis, William Dean and J. B. Mongcnais, are hereby constituted and appointed the first Directors of the Company, and, until others shall be named as hereinafter provided, shall constitute the Board of Directors of the Company, with power 1o fill vacancies occurring thereon, and to associate with themselves thereon not more than three other persons, who, on being so named, shall become and be Directors of the Company equally with themselves, to open Stock Books, to make a call upon the shares subscribed therein, to call a meeting of the Subscribers thereto, for the election of other Directors as hereinafter provided, and with all such other powers as under the Railway Act are vested in such Board. First general meeting. Election of Directors thereat. Rights of Municipal Corporation, &o. 9. So soon as one-tenth of the capital stock shall have been .subscribed, and not less than five per cent of the amoimt subscribed shall have been paid in and deposited in some Chartered Bank to the credit of the Company, it shall be lawful for the said Directors, or a majority oi them, by public notice, to be given at least thirty days previous in the Canada Gazette^ and in one or more newspapers published in the Cities of Montreal and Ottawa, to call a first General Meeting of the Shareholders, at such time and place as they siiall think proper ; and, at such Meeting, and at every Annual General Meeting of the Company thereafter, there shall be elected not less than seven nor more than ten Directors, to serve until the next Annual General Meeting, and until their successors are appointed ; and at every such Meeting, each Municipal or other Corporation, holding Stock to the amount of twenty thousand dollars or more, and not being in arrear for any call thereon, may either take part in such election as an ordinary Shareholder, or may abstain from so doing ; and each such Corporation, as shall so abstain, may, either then or at any time thereafter, by By-law in that behalf, name one other Di- rector, who need not himself be a Shareholder, to serve for the like term — the thirty-fourth and seventy-eighth sections of the Railway Act being in this behalf hereby superseded. lands to ' this Act, r the cir- ill udmit, I this Act, > register 1 thereof :> mimito e to pay and six :lmrd W. , Joseph ;11, John m Dean intcd the le named DirectorH : thereon, lan thrcn ! and be to open ! therein, ection of ich other Joard. ive been amount n some shall be ^ public in the iblished General ace as every there rectors, til their each amount rear for as an id each at any ler Di- for the of the 10. The Directors may require, should they deem it desi- A deposit rable, all parties subscribing lor stock in the naid Company to ""'y •• '•" pay a deposit of not more than ten per cent thereon ; the amount ^"rlMng'for of such deposit shall be dcjided by the Board of Directors, and Btock. future calls for instalments shall at no one time exceed five per cent, nor shall more than one call be made within tliirty days. 1 1 . No person shall be qualified to be elected such Director Qualification by the Shareholders, tmless he be a shareholder holding at least o' Directors, ten shares of stock in the Company, and has paid all calls thereon. 19. The Annual General Meetings of the Company shall be Annual ge- held thcrealter on the first Wednesday in the month of June neral meet- yearly, or on such other day as shall be appointed by any By- *"*!'• law of the Company, and, at such place and hour as by such By-law shall be appointed; and public notice thereof shall be given at least thirty days, previously, in the Canada Gazette and in one or more newspapers published in the ('ities of Mont- real and Ottawa. 13. Every proprietor ol shares in the said Company shall be One vote for (entitled on every occasion when the votes of the members of each share. th(! said Canada Central Railway Company are given, to one vote for every share held by him. 14. At all meetings of the Company, the Stock held by etook held by Municipal and other Corporations may be represented by such Corporations, person as they shall have respectively appointed in that behalf ggiJted.^"* by By-law, and such person shall, at such meeting, be entitled equally with other Shareholders, to vote by proxy ; and no Shareholders shall be entitled to vote on any matter whatever, unless all calls due on the stock held by such Shareholder shall have been paid up at least one week before the day appointed for such meeting. Itl. From and after the first General meeting of the Com- Directors to pany, the Directors so chosen as aforesaid by the Shareholders ^""j*^'' as aforesaid, and the Directors representing Corporations a:s aforesaid, shall form the Board of Directors of the Company ; and if any vacancy shall occur by death, resignation or other- wise, among the Directors of the former class, a majority of the remaining members of the Board may elect any qualifiecl Share- holder to fill the same ; and if any vacancy shall occur among Vacancies, the Directors of the latter class, the Corporation interested may, by By-law name another person to fill the same. 16. Five members of the Board of Directors of the Com- Quorum of pany shall be a qxiurum thereof for the transaction of business ; Board, and the Board may employ one or more of their number as paid Director or Directors. number of shans. Applioation. Capital Btook, 1 7. Tlu» Capitnl Stock of the Compuny hIiuII be llie sum of amount and seven millions of dollars, to be dividou into wventy tlunisand shares of one hundred dollars each, and shall be raised by the persons and Corporations who may become Shareholders in such Stock ; and the money so raised shall b(; applied, in the lirst j)luce to the payment and discharge of all lees, expenses and disbursements for procuring the passage of this Act, and for making the Surveys, Plana and Estimates connected with the works hereby authorized ; and all the remainder of such money shall be applied to the making, maintaining and working thereof, and the other purposes olthis Act, and to no other purpost! whatever ; and until such preliminary expcnsi's shall be paid out of the said Capital Stock, the Municipality of any County, Town, Township, Parish or Village, on the line of such works, may pay out ol the general funds of such Muni- cipality its fair proportion of such preliminary expenses, which shall thereafter be refunded to sucli Mnnicipality from the Capital Stock of the Company, or \w allowed to it in payment of Stock. Preliminary expeniei. Scrip and share certifi- oatea. 18. It shall and may be lawful for the Directors of the said Company, for the time being, to make, execute and deliver all such scrip and share certificates, and all such Bonds, Deben- tures, Mortgages or other Securities, as to the said Directors for the time being shall, from time to time, seem most expedient for raising the necessary capital for the time being authorized to be raised by the said Company, or for raising any part thereof. Additional capital may be raised by loan. Payment of interest on capital. Proviso. 10. The Company may raise, by way of loan upon their Bonds or Debentures, in addition to their authorized Share Capital, any sum not exceeding one half of their capital ; and such Bonds or Debentures may be for such amount respectively as the said Company may deem expedient, and all Bonds and debentures to be executed by the said Company, may be pay- able to bearer; and all such Bonds, Debentures, or other Securities of the said Company, and all dividends and interest warrants thereon respectively, which shall purport to be pay- able to bearer, shall be assignable at law by delivery, and may be sued on and enforced by the respective bearers and owners thereof, for the time being, in their own names. 90^. It shall be lawful for the Board of Directors, out of the Capital of the Company, to provide and pay such sum as may, from time to time, with the earnings of the Company avail- able for dividend, be sufficient to pay interest upon the Loan and Stock and Share Capital of the Company, until the com- pletion of the authorized works of the undertaking of the Com- pany ; Ptovided, always, that such payments shall not contfnne to bie made upon the Stock and Share Capital, exoent out of the earnings of the Company, after the first day of May, one thousand eight hundred and aixty-six. Sll. Tlio Coinpuiiy, lor nny of tluiir StiitioiH or iJcputs, at Comp*ny may any place whoro mw\i Station or Depot iiiuy hr nnjuircd for *"■''• •*°'^ *"" any ol" their workM hereby niithorized, may trikc land to the extent of twenty aeres, witiiout the consent of the proprietor thereof, but subject otherwise to the; provisious of the Railway Act in that behalf. 93. The Company may enter into any agreement with the Ooiiif*ny may said North Shore Railway Company, the Grand Trunk Rail- 'KJ** ^^^'^ way Company, or any other Railway Company, whose line of n'leg'fbr'leiwo" ojKJrations may, in any wise, connect with the line of route of ofroaior the Company, for the l»;asing of th«Mr Railway or any part rol^'ng s'oe''' thereof, to such otluT Company, or for the leasing or hiring out to such other Company, of any Locomotives, Cars, Car- riagca. Tenders, or other moveable property of the Company, either altogether, for any time or times, occasion or occasions, or for the leasing from such other Company, of any Railway or part thereof, or (or the leasing or hiring from such other Com- pany, of any Locomotives, Cars, Carriages, Tenders, or other moveable property, either altogether, or for any time or times, occasion or occasions, or for the using of the whole or any part of the Railway, or moveable property of the Company, or of the Railway or moveable property of such other Company, in common by the two Companies, or generally may inak(! any agreement or agreements with such other Company touching the use by one or other, or both of such Companies, of the Railway or moveable property of either or both, or of any part thereof, or touching any service to be rendered by the one Company to the other, and the compensation therefor; But no such agnuMiient as aforesaid shall be valid or binding for more than one year from the date thereof, unless in the course of such year, it be ratified by the Shareholders of tlu; Company, duly assembled at a general meeting thereof. 33. The Uirectors of the Company may, subject to the rules Company and regulations, from time to time, of thi! Board, appoint an may hate an Agent in the City of London, in England, with power to pay w^°?°''j^° dividends, to open and keep books of transfer for the shares of the Company, and for the issue of Scrip and Stock Certificates, and thereupon shares may be transferred from the Canada Office to the London Office in the names of the transferees, in the same manner as shares may be transferred in the former office, and vice versd ; and shares originally taken and sub- scribed for in Great Britain may be entered upon the books at the London Office, and Scrip Certificates be issued for them, and the Agent or other officer shall transmit an accurate list of all such transfers and Scrip Certificates so issued, to the Secretary or other officer of the Company in this Province, who shall thereupon make the requisite entries respecting such transfer and Scrip Certificates in tfie Register kept in the Province, and thereupon the same shall be binding on the Company as to all the rights and privileges of Stockholders, as 8 On what con- dition! any Company en- titled may ro- coite its riharo of the laiiild appropriated. 19, 20 V. c 112. tlion^li the S(!ri|) Crrtificntrs hnd been ii^suetl by tlu* Secretary of the Cori.pany in this Province. 9'l. It simll not bo ncccsHnry, previous to the Railway Companies liaving a rigiit to a share in the said land appro- priation in virlui! of tliis Act, or any one or more of then', beini,' entilletl to have their respeelive proportions of the siiid h\n(ls, that any other Railway or portion of Railway slionld i)e made by any other Company, bat on the contrary, so soon as any portion of any of the said WaiKvays, not less than twenty miles in length, shall b(> uetually com|)leted in a good and perman(>nt manner, with stations, rolling slock and other appurtenances, sniHeient for the proper working of such portion of such Railway, then and thereafter, from time to lime, nnon the completion of similar portions thereof or of any other ol the said Railways, upon the report of th(> Inspector of Railways for the time being, the Company which shall havecon- structecl the same shall be entitled to a eorp ponding propor- tion of such grant of lands as tlicy would be entitled to under the said Act nineteenth and twentieth Victoria, Chapter one hun- dred and twelve, as amended by this A(!t, in the event of each of the Companies forming the Lake Huron and Quebec Rail- way Company, complying with the conditions precedent to such grant provided for by the Act incor|)oraling the said last mentioned Company ; and if no ungranlcd lands of the Crown front on the said Railway, then siieh grant of lands may be made from the vacant lands of \\w Crown lying within the watershed of the Ottawa River. to |)rovidcd the naU\ in general terms but the payment any other person Debentures 93. Any debentures issued by the said Companies, or any issued by Qjip or more of them .vliall form a general mortgage; and constTtute'o hypotheque upon »U1 the lands hereafter to be granted mortgage on the Company so issuing such debentures, lands granted lands be referred to in such debentures * *"■ as being thereby charged or m9ftgaged ; to the Treasurer of the Company, or to appointed for the puroose as hereinafter provided, by any bond fide purchaser of any f the said lands, of the purchase money thereof, and the acquittance by such Treasurer, or other person so appointed on behalf of the holders of such debentures of 3uch purchase money, shall operate as a discharge of such 1 1 mortgage, in respect of the lands so paid for ; and until other provision be made under the power conferred by this Act for the reception of such moneys, the Treasurer of such Company is hereby authorized to receive such purchase money foi and on behalf of the holders of such debentures, and shall keep all moneys so received separate and apart from the ordinary mnds of the Company ; and shall be liable for such moneys, as a special depositary thereof, until they are invested as hereinafter mentioned, and the moneys so received by such Treasurer shall be invested, from time to time, in Government securities, or in the stock of some solvent and well established Chartered Bank llie Socrctnry li»^ Railway land nopr.- nrc of tV'P', lionN of tho of Railway I ho contrary, ay.M, not loss npiotcd in a g slock ami liing of such roMJ time to ■of or of any Inspector of all have con- ding propor- cd to under )tt!ron(f hun- vent of each nvhvv Rail- irecedcnt to he said last f the Crown nds may be within the nies, or any rtj,'age and granted to (1 th(! ^aid leral terms c payment her person y any bond lase money ther person bentures of ge of such until other his Act for I Company ley for and II keep all nary funds •neys, as a bereinafter surer shall ities, or in ered Bank in Ci'tuidii, in the foriuatiou of ii fund for llir piiymtnt of the interest on Hiieh debeiilures an it becomes due, urul for their redemption at rriiiturity. 9tt. If it should he denned more iM'tiefieial to tlie said Com- I-amh miy lie paiiies, or any one or more of ihern, to jiliol the .-•lid lands so to ''''""'j' '" be granted, or any |)onion thereof, to the stockholders therein, ''"""''"''••"• in propitrlion lo tlie .-inioniit (tf stock takni by eiieh sfoek- liolder, such Conipiiny iiiiiy do ^-o, lirsl regnliiling by a Hy-law the mode in w hieli such iillotmcnt shall be made and evidenc(Ml ; and the shares iti favor of wliieli any allofmet)! or iipproprialion of lands may be made, shill !);• I'aJled " Ljmd Slmie?'.'" 517. The holders of llie debenlures of nnv (tf the said '^l<'^'''"'n o' /I • I • . II '••111 rrintces liy Lomj)!inies, hiving morly[;ige or liypothe(|uc in said lands, i),,|„.|iiuio or it the said lands be allotted among liic shareholders, Imlilors, 'or or any class of llu- sliarcliolders thcicof, then tlie holders V'" '"!'l*"'!' ,. I • I I I II I ,1 • I , , 1 • ,• iVl'., lit IllIHH ol land shares, shall liave th(( right to elect li'om among ;„ ^hicli tlit-y themselves three trustees, wliiili election shall Ik; made by areimereatci'l. sncli holders of delx'ntures or of land shares as the case may be, at a meeting of sueii holilris called for the purpose, in the same manner as is provided by tiie Act incorporating such ('oinpany lor spec i.;! iiicrtings of the siiarcholdcrs thereof ; and may i»e madt^ by a majority in amount of such holders pre- sent at such iiieeting, either in persoti or by proxy ; And I'oworsof I. rp .. , I 11 I .1 I I .• ' . 1 bucli TruBtees. such I rnstees shall nave tin- sole and entiri! control, inanage- UKMit, disposition and direction of the lands represented by the holders of the debentures or land shares, or in which such shareholders have any inteivsl ; and for and on behalf of such shareholders, may mortgagi or sell and dispost' of such lands anil collect and reeeiv(! the proceeds thereof, as tlicy may si!e fit, and for that |)urj)ose may appoint an agent or agents and have an ollice or oditjes either in Canada or els('where, and on realizing the proceeds of the said lands or any of them, may di- vide the proceeds among such holders or invest the same for the benefit ol such holders, and otherwise! manage and administer such lands in such manner as may hr prescribed by such holders, by resolution or by-law passed at a meeting thereof, called and held in the manner hereinbefore provided for the election of such Trustees: and such Trustees shall also have '"''■"'*•*'' "^.^ vote fts J)i* the power, either in person or by proxy, to vote as Directors reotora. at meetings of the Directors of such Company ; Provided, always, that the proceeds, after payment of expenses of management, to be audited and approved by the Directors of the Company, of the sale of any such lands, if hypothe- cated as security for any debentures, on being received by the said Trustees or their agent in that behalf, shall pro tanto ex- tinguish such debentures; and provided, also, that if such lands be allotted in favor of land shares, such Trustees shall not have any control over such lands until such land shares be paid up, and until that time, such lands shall be managed by the Direc- tors of the Company, for the benefit of such land shares. as. This Act shall be a Public Act. 2 Public .let. / 10 SCHEDULE A. Know all men by these presents, that I {or we, as the case may he) A. B. of in consideration of paid to me (or us, as the case may be) by the receipt whereof is hereby acknow- ledged, do hereby grant, bargain, sell, convey, and confirm unto the said Company, their successors and assigns for ever all that tract or parcel {or those tracts or parcels, as the case may be) of land situate (here describe the lands) the same having been selected and laid out by the said Company for the pur- poses of their Railway : To have and lo hold the said lands and premises, with all appurtenances thereto, to the said their successors and assigns for csex {here add clause for release of Dower if any) Witness my hand and seal {or our hands and seals, as the case may be) this day of in the year of Our Lord, one thousand eight hundred and Signed, sealed and delivered in presence of