franchises, privileges and assets granted by the parliament
of the Dominion of Canada to the Montreal, Ottawa and
Western Railway Company.

41. Notwithstanding anything to the contrary in any Directors of the hereinbefore recited acts, or in any of the by-laws abolished. herein before alluded to, the said several corporations shall not be entitled to appoint or to be represented by any directors in the management of the affairs of the company; and the directorate contemplated and provided for by the provisions of the said acts is hereby abolished.

shareholders

45. The contracts or agreements hereinbefore alluded Rights of into for the transfer of the rights and asssets of the North dividual Shore Railway Company and of the Montreal, Ottawa vested in the and Western Railway Company, to the province of Que- commissionbec being ratified, the rights of the individual shareholders, in the said companies, shall be transferred to and vested in the said commissioners in their quality, to and for the uses of this province.

ers.

ed.

The stock of individual shareholders in the said com- Stook refundpanies, or so much thereof as shall have been paid up, shall be refunded to them.

46. And it is further enacted that the said commis- Federal legislation may be sioners, in their said quality, by and with the consent of asked for. the lieutenant-governor in council, may be and they are hereby authorized to apply to the parliament of Canada, for any legislation which may be deemed necessary for the purposes of this act.

47. The present act shall come into force on the day of Act into the sanction thereof.

force.

SCHEDULE A.

Municipal subscriptions and grants to the Montreal

Northern Colonization Railway.

Conversion

CAP. III.

An Act to amend the law respecting subsidies in money made to certain railways.

[Assented to 24th December, 1875.}

ER MAJESTY, by and with the advice and consent of the Legislature of Quebec, enacts as follows:

1. The lieutenant-governor in council may, upon a reso authorized in lution of the directors of any company entitled to a subsidy the interest. in money, convert such subsidy into a guarantee, and

payment of

Subsidies

pay

ment by this province, in favor of the holders of bonds or debentures of such company, of interest at the rate of five per centum per annum, on a capital which at such rate produces a sum in interest, equal to the subsidy granted for each mile of road, together with interest thereon, until the whole subsidy be paid.

2. Any payment on a subsidy already made by this already paid province, may be returned to the provincial treasurer, and thereafter converted into a like guarantee, for such part or portion of the subsidy returned.

returned.

Payment,

Subsidy of the

Chambly and

changed as

3. The payment of the interest shall be made semiannually, for every ten miles or more of road completed, continuous and uninterrupted.

4. The subsidy of one thousand dollars per mile granted Montreal, to the Montreal, Chambly and Sorel railway company, Sorel comp'y (now amalgamated with and known as the Montreal, Portland and Boston railway company), for that part of the regards a cer- said road from Sorel to Chambly, and from Chambly to St. Jean, shall be withdrawn, and used, applied and paid on the line of the said Montreal, Portland and Boston railway via Chambly, West Farnham and Frelighsburg, to the frontier of this province; provided that between this

tain part of the road.

Proviso.

day and the first day of August next, the directors of the
said Montreal, Portland and Boston railway company, pass
a resolution to such end, and that such resolution be
approved by a majority of the votes of the shareholders
thereof, and by the lieutenant-governor in council, and
provided that the directors of such company have given Proviso.
satisfactory evidence to the lieutenant-governor in council
that the company has paid to the proprietors the cost of
the right of way, and the damage to their properties.

for a certain

5. The subsidy of two thousand five hundred dollars Subsidy to the per mile granted to the South-Eastern railway company, the Bouthfor that part of the said road heretofore known as the Eastern railRichelieu, Drummond and Arthabaska connties railway, way changed for a length of fifty-five miles, from Drummondville to the portion. Arthabaska branch (Grand Trunk,) and all that portion of the said road to the east of Drummondville, shall be withdrawn, and used, applied and paid on the line of the said South-Eastern railway, from Sorel to Sutton Junction vid Acton and Waterloo; provided that between this day and Proviso. the first day of August next, the directors of the said company pass a resolution to that end, and that such resolution be approved by the majority ofthe votes of the shareholders thereof, and by the lieutenant-governor in council; pro- Proviso. vided also, that the said company return to the municipa lity of the townships of Wendover and Simpson, the bonds or debentures subscribed by such municipality to the said road, or the amount thereof, save and except the interest already paid thereon; and provided that, in any case, the apportionment of the said subsidy added to the present subsidy, does not exceed the total amount of $4000 for each mile of road.

Nothing hereinabove contained shall affect the road to Proviso. L'avenir.

6. The delay accorded by section 2 of the act of this Certain delay province 38 Vict., ch. 2, is extended until the first day of extended. the month of October next.

7. Nothing in this act contained shall be construed as Interpretation. extending the period for the accomplishment of the conditions which such companies are bound to fulfil to be entitled to a subsidy in money, save in so far as is prescribed in the section preceding.

8. This act shall come into force on the day of the sanc tion thereof.

326

Loan of

Caps. 4, 53. Issue of Prov. Debent.—Queb. R'y Act. 39 VICT.

CAP. IV.

An Act authorizing the issue of Provincial Debentures, for the payment of the subsidies granted to railway companies.

[As ented to 24th December, 1875.]

ER MAJESTY, by and with the advice and consent

H of the Legislature of Quebec, enacts as follows:

1. The lieutenant-governor in council may authorize the £860,000 sterl. provincial treasurer, to contract a loan and to that end to issue, sell and negotiate bonds or debentures in the name of the province, to an amount not exceeding eight hundred and sixty thousand pounds sterling.

Debentures,

2. Such bonds or debentures shall be issued in the form, their form, &c. and according to the mode and conditions which the lieutenant-governor in council shall deem expedient to prescribe, in the interests of the province.

Sinking fund.

Employment.

Act in force.

Such bonds shall be payable in thirty years, in currency or sterling, and shall bear interest, not exceeding five per centum per annum. A sinking fund of one per centum per annum shall be established for their redemption.

3. The amount raised by such loan and issue of debentures, shall be employed in the payment of the subsidies granted by the various acts of this legislature

4. This act shall come into force on the day of the sanc tion thereof.

T 28, s. 9, of

amended.

CAP. LIII.

An Act further to amend "The Quebec Railway Act, 1869," (32 Vict., chap. 51.)

[Assented to 24th December, 1875.]

ER MAJESTY, by and with the advice and consent of the Legislature of Quebec, enacts as follows:

1. Paragraph twenty-eight of section nine of " the Que 32 Vict., c. 51, bec Railway Act, 1869," is amended by the addition of the words following: "But ten days previous notice of the time and place when and where application will be made for its granting, shall be served upon the owner of the land or upon the party empowered to convey the land, or

case of expro

application.

interested in the land to be taken or required by the com-Notice pany; and the costs of the application to, and of the hear-required in ing before the judge, shall be borne by the company, priation. whenever the compensation awarded shall be more than Costs of the they had declared their readiness to pay; provided however, that when such owner or party is absent from the district without having a known agent upon whom such service can be made, or when such owner or party is un- Proviso. known, application for such warrant may be made at any time after the expiration of the month's notice mentioned in paragraph thirteen without any other or further notice."

CAP. LIV.

An act to change the name of " the Philipsburg, Farnham and Yamaska Railway Company" to that of "The Lake Champlain and St. Lawrence Junction Railway Company," and to allow the company to change its line of road.

[Assented to 24th December, 1875.]

HEREAS "the Philipsburg, Farnham and Yamaska Preamble. Railway Company, a body politic and incorporated under an act of the legislature of the province of Quebec, to wit, chapter 51, of 85th Victoria, has, by its petition, prayed to be authorized to change its name, and to make certain changes in the line of its road to the north of the city of St. Hyacinthe, and whereas it is expedient to grant the prayer of the petition; Therefore, Her Majesty, by and with the advice and consent of the Legislature of Quebec, enacts as follows:

1. The name of the said Philipsburg, Farnham and Yamas- Former name, ka Railway Company, is hereby changed to that of "The changed. Lake Champlain and St. Lawrence Junction Railway Com- New name. pany," which name shall be and subsist instead of that up to this time belonging to the said company; but such change Rights not of name shall in no manner be interpreted as modifying or affected. affecting any of the rights of the said company, or any of its obligations, or any suit, action, or proceeding pending or had at the time when the present act shall come into force, but all such rights and obligations shall subsist as if the present act had not been passed; and all such suits, Suits, &o.. actions or proceedings shall continue as if this act had not been passed; but any new proceedings which may hereafter be instituted either by or against the said company, shall be in the name assigned to it by the present act.