duction and proof of the due execution thereof, without any memorial, and shall minute the enregistration or entry on such deeds; and the registrar shall receive from the said company, for all fees on every such enregistration and for a certificate of the same, fifty cents and no more, and such enregistration shall be deemed to be valid in law; any statute or provision of law to the contrary notwithstanding.

12. The said company shall have power and authority Power to issue promissory to become parties to promissory notes and bills of exchange notes. for sums not less than one hundred dollars; and any such promissory note made or endorsed, or any such bill of exchange drawn, accepted or endorsed by the president or vice-president of the company, and countersigned by the secretary and treasurer of the said company, and under authority of a quorum of the directors, shall be binding on the said company; and every such promissory note or bill of exchange so made, shall be presumed to be made with proper authority until the contrary be shown, and in no case shall it be necessary to have the seal of the said company affixed to such promissory note or bill of exchange, nor shall the president or vice-president or the secretary- Without inditreasurer, be individually responsible for the same, unless sibility of the said promissory notes or bills of exchange have been persons issued without the sanction and authority of the board of signing. directors, as herein provided and enacted.

vidual respon

bonds.

13. The directors of the said company shall have the Power to issue power, upon being duly authorized thereto by a vote of the majority of the shareholders in the said company, present at an annual meeting in the month of September, for the purpose of electing directors, or at any other general meeting of the said shareholders, whereof notice shall have been given in the manner hereinabove provided in the case of a general annual meeting and election, and in which notice shall be stated and published the object of such meeting, to issue their bonds made and signed by the president or vice-president of the said company, and countersigned by the secretary and treasurer, and under the seal of the said company, for the purpose of raising money for prosecuting the undertaking, and such bonds Bonds to be shall be and be considered to be privileged claims upon privileged. the property of the said company, and shall bear hypothec upon the said railway without registration; provided, Proviso. however, that no such bonds bearing such hypothec shall be issued until after twenty-five per cent of the whole capital stock of the said company, as provided by this act, shall have been expended in and upon the said railway;

As to agree ments with other com

panies.

Provisions as to amalgama

T., and Ken

Co.

and provided, also, that the whole amount raised by such bonds shall not exceed one-half the capital stock of the company, nor be in excess of the amount actually paid up on its share capital at the time of the issue of such bonds.

14. It shall be lawful for the said company to enter into any agreement with any other railway company, in this province, for leasing the said railway or any part thereof, or the use thereof at any time or times, or for any period, to such other company, or for leasing or hiring from such other company any railway or part thereof, or the use thereof, or for the leasing or hiring any locomotives, tenders or moveable property, and generally to make any agreement or agreements with any such other company touching the use by one or the other or by both companies of the railway or moveable property of either or of both, or any part thereof, or touching any service to be rendered by the one company to the other, and the compensation therefor; and any such agreement shall be valid and binding, and shall be enforced by courts of law according to the terms and tenor thereof.

15. It shall be lawful for the said company to amalgation with mate with the Sherbrooke, Eastern townships and Kennebec Sherbrooke, E. railway company as one company at any time hereafter; nebec Railway provided always that whenever the directors of these two companies respectively have agreed to make such amalgamation, and two thirds of the votes of the shareholders of the said two companies called expressly for that purpose in the manner provided in the respective acts whereby they are incorporated, for the calling of general meetings, shall have ratified the above agreement of the said directors, then the said two companies shall become ipso facto amalgamated and shall become one and the same corporation and company under the title of "The Sherbrooke, Saint Francis Valley and Kennebec Railway Company," and the directors and provisional directors (if any) of the two companies so amalgamated shall be the directors of the company formed out of the said amalgamated companies, until the next election of directors which shall take place on the first Monday in June then next following.

Quebec railway act.

16. The provisions of the Quebec Railway Act, 1869, passed during the present session, shall apply to the company hereby incorporated, except in so far as the special provisions of this act may be inconsistent therewith.

SCHEDULE A.

FORM OF DEED OF SALE.

Know all men by these presents that I, A. B., of

do hereby, in consideration of

paid to me by the St. Francis Valley and Kennebec Railway Company, the receipt whereof is hereby acknowledged, grant, bargain, sell and convey unto the St. Francis Valley and Kennebec Railway Company, their successors and assigns, all that tract or parcel of land (describe the land), the same having been selected and laid out by the said company for the purposes of their railway; to have and to hold the said land and premises unto the said company, their successors and assigns forever.

Witness, my hand and seal, this

one thousand eight hundred and

Signed, sealed and delivered in presence of

day of

Form of deed.

[L.S.]

CAP. LIX.

A. B.

An Act to incorporate the Missisquoi Junction Railway
Company.

[Assented to 5th April, 1869.]

WHEREAS the persons hereinafter named, and others, Preamble.

have petitioned for incorporation as a company to construct the railway hereinafter described, and the construction of such railway would be of great benefit to the commerce and for the advantage of the district through which such railway would pass, and it is expedient to grant their prayer; Therefore, Her Majesty, by and with the advice and consent of the Legislature of Quebec, enacts, as follows:

incorporated.

J. The Honorable Thomas Wood, R. L. Galer, J. B. Certain Gibson, M. D., William C. Baker, J. N. Galer, Brown Cham-persons berlin, Thomas Selby, Joshua Chamberlin, M. D., Ambrose S. Spencer, Myron J. Deming, Norman A. Smith, M.D., N. Stevens Whitney, William S. Baker, Edward Finley, Asa Frarey, George C. Dyer and Simeon R. Whitman, esquires, with all such other persons and corporations as shall become shareholders in the company hereby incorporated,

Power to construct railway on a

shall be and are hereby constituted a body corporate and politic, by the name of "The Missisquoi Junction Railway Company."

2. The said company and their agents and servants may, under this act, lay out, construct and finish a double or certain line. single track iron railway, of such width or guage as the company see fit, from such point as may be determined upon, on the line of the Stanstead, Shefford and Chambly Railroad, or the South-eastern counties Junction Railway to and through the townships of Dunham and the parish of St. Armand East, in the county of Missisquoi to the province line, with a branch from some point in the said township of Dunham to and through the township of Sutton in the county of Brome to the province line; and the said company shall have the power to construct the different sections of the said railway in such order as they see fit, keeping in view the general direction as hereinbefore provided.

And on a certain other line.

Capital stock.

thereof.

3. The said company may moreover construct a line of railway from any point or place on the province line in the township of Sutton to any other point or place on the said province line in the township of Potton; and the said last mentioned line of railway shall be considered as forming part of the branch mentioned in the preceding section.

4. The capital stock of the said company shall be two hundred and fifty thousand dollars, to be divided into two thousand and five hundred shares of one hundred dollars each, with power to increase the same in accordance with the provisions of the railway act, which amount shall be raised by the persons herein before named, and such other persons and corporations as may become shareholders in Application the said stock; and the money so raised shall be applied, in the first place, to the payment of all fees, expenses and disbursements for procuring the passing of this act, and for making the surveys, plans and estimates connected with the railway, and all the rest and remainder of such money shall be applied towards making, completing and maintaining the said railway and other purposes of this Proviso as to act; provided always, that until the said preliminary expreliminary penses shall be paid out of the capital stock, it shall be expenses by lawful for the municipality of any county, city, town or municipalities. township interested in the said railway or otherwise, to

payment of

pay out of the general funds of such municipality such preliminary expenses which sums shall be refunded to such municipality from the stock of the said company or

be allowed in payment of stock; and it shall be lawful for the provisional directors of said company to reserve and hold in trust such portion of said stock or shares as they may deem necessary; wherewith to meet such preliminary expenses and to deliver in satisfaction of claims for right of way or to contractors for the construction of the said road or any part thereof.

panies may

3. All manufacturing, mining or orther trading corpo- Certain comrations carrying on their operations in whole or in part, take shares. within the limits of the counties of Missisquoi and Brome, whether incorporated by special act, or under any general act, may subscribe for or otherwise acquire, and may hold, any number of shares of the capital stock of the said company, and may dispose of the same at pleasure.

directors.

6. The Honorable Thomas Wood, R. L. Galer, J. B. Provision a Gibson, M.D., William C. Baker, J. N. Galer, Brown Chamberlin, Thomas Selby, Joshua Chamberlin, M.D.. Ambrose S. Spencer, Myron J. Deming, Norman A. Smith, M.D., N. Stevens Whitney, William S. Baker, Edward Finley, Asa Frarey, George C. Dyer and Simon R. Whitman, esquires, shall be and are hereby constituted a board of directors of the said company and shall hold office as such, until other directors shall be appointed under the provisions of this act by the shareholders, and shall have power and author- Their powers. ity to fill vacancies occurring therein, to associate with themselves therein not more than five other persons, who shall thereupon become and be directors of the company equally with themselves, to open stock books and procure subscriptions for the undertaking, to make calls upon the subscribers, to cause plans and surveys to be made and executed, to call a general meeting of shareholders for the election of other directors as hereinafter provided, and generally to do all such other acts as such board under the railway act may lawfully do.

stock deemed

7. The said directors are hereby empowered to take all Subscribers to necessary steps for opening the stock books for the subs- proprietors cription of parties desirous of becoming shareholders in and partners. the said company, and all parties subscribing to the capital stock of the said company, shall be considered proprietors and partners in the same.

election of first

8. When and so soon as one-tenth part of the said capi- Meeting for tal stock shall have been subscribed, as aforesaid, the said directors. directors or a majority of them, may call a meeting of shareholders at such time and place as they shall think proper, giving at least two weeks' notice in one or more