or lease, and to make any agreement with any other railway company or with the government of the Dominion of Canada, to obtain running powers over their lines, or to acquire such running powers from any other company or from the government of the Dominion of Canada, for such period as may be considered the most advantageous, and generally to make any agreement or agreements with any such other Railway company or with the government of the Dominion of Canada, touching the use by one or the other or both of such companies or the government of the Dominion of Canada, of the said railways and undertakings so acquired or taken by means of transfer, lease, or amalgamation as aforesaid, or any of them or any part thereof respectively, or touching any service to be rendered by one company to the other, or by or to the government of the Dominion of Canada, with respect thereto.

17. All shareholders in the company, whether British Shareholders' subjects or aliens, or residents of Canada or elsewhere, shall right to vote. have equal right to hold stock in the company, and to vote on the same, in person or by proxy, and be eligible to any office in the company; provided that the majority Proviso. of the directors be British subjects.

18. All contracts for works of construction or mainte-Contracts for construction, nance of the railway shall be made in the manner and &c., of road according to the formalities prescribed by the by-laws of how made. the board of directors of the company, notwithstanding the second sub-section of section twenty-eight of the Quebec Consolidated Railway Act, 1880.

of conveyances

thereof.

19. All deeds or conveyances of land to the company Forms of deeds may, for the purposes of this act and in so far as circum- of land. stances may permit, be in the form of schedule A, to this act annexed, or in any other form of similar tenor. And in order that all such deeds be duly registered, all Registration registrars, in their respective counties, shall be furnished by and at the expense of the company, with a book containing copies of the form given in the said schedule A or other form of like tenor, a copy of which is to be printed on each page, leaving the necessary blanks to suit each separate conveyance, and on production of such conveyances and on proof of their due execution, they shall enter the same at length in the said book, and shall minute the enregistration or entry on the said conveyance, and the registrars shall exact for all fees on such registration, Fees therefor. fifty cents and no more; and such registration shall be Effect of such deemed to be valid in law, any statute or provision of registration. law to the contrary notwithstanding, and it shall with

Commence

ment and completion of works.

Coming into force of charter.

respect to rights of ownership, servitudes, hypothecs and real rights have the same effect as the registration prescribed by the Civil Code.

20. This act shall, for all purposes whatsoever, be deemed valid and in full force and effect, as to such portion or portions of the said railway which may be commenced within five years and completed within ten years. from the passing of this act.

21. This charter shall come into force by proclamation, which shall be issued only after the Lieutenant-Governor in council shall, within twelve months of the sanction of the present act, have proof that the said company is in a position to carry out its undertaking.

SCHEDULE A.

Deed of sale.

of

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

for and in consideration of the sum of to me paid by the Rimouski and Gaspé Railway Company, which I acknowledge to have received, grant, bargain, sell and convey unto the said Rimouski and Gaspé Railway Company, all that tract or parcel of land (description of the property.) 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 lands and premises unto the said company, their successsors and assigns for ever.

CAP. XCVII.

An Act to further amend the act incorporating the Waterloo and Magog Railway Company.

[Assented to 30th March, 1883.]

WHEREAS the Waterloo and Magog Railway Com- Preamble

pany have, by their petition, represented that they are desirous of straightening the line of their Railway, between its present terminus, near the outlet of Lake Memphremagog, and the village of Waterloo, and intend forthwith to complete their said Railway to the City of Sherbrooke, and that it is necessary for the said purposes that they be authorized to issue bonds, and that other powers and privileges be granted to them; and whereas it will be to the public advantage to permit the same to be done, and it is expedient to grant the prayer of such petition; Therefore, Her Majesty, by and with the advice and consent of the Legislature of Quebec, enacts as follows:

authorized to

1. The Waterloo and Magog Railway Company are here- Company by authorized to straighten their Railway, between the straighten village of Waterloo and the outlet of Lake Memphremagog, their line. by constructing the same through "The Phifield pass, so called, and to take up and dispose of their present line of Railway in such manner as they shall deem advisable.

celled.

2. With the consent of the present holders of bonds, is- Certain bonds sued or authorized under the sixth section of chapter may be cantwenty eight of the Statutes of the Province of Quebec, passed in the thirty fifth year of Her Majesty's reign, the Company are hereby authorized and empowered to cancel all Bonds so issued or authorized; and the surrender and cancellation of the said Bonds shall be effected in the presence of a notary, duly commissioned and sworn in and for the Province of Quebec, and shall be established by a deed passed before the said Notary and signed and executed by the President and Secretary of the Company.

3. After all Bonds, heretofore issued or authorized by New bonds the company, shall have been surrendered and cancelled may be issued. as aforesaid, the Directors of the Company, upon being duly authorized thereto, by a vote of the majority of the stockholders of the Company, present at any annual meeting, or at any special meeting of the stockholders called for that purpose, shall have power to issue Bonds to the amount of one hundred and thirty five thousand pounds of sterling money of the United Kingdom of Great Britain

Bonds by

&c.

and Ireland, or the equivalent thereof in the lawful currency of the Dominion of Canada, and the power of the Company shall be limited to the said amount.

4. The said bonds, the issue whereof is authorized by whom signed, the preceding section, shall be signed by the President or Vice-President of the Company, countersigned by the Secretary-Treasurer of the Company, and sealed under the corporate seal of the Company; and in order to secure the payment of the said Bonds, the Company, by and through the agency of their said officers as herein before mentioned, duly authorized thereto by a resolution of the majority of the stockholders present at any annual meeting or at any special meeting of the said stockholders called for that purpose, shall have the power to transfer and convey to Trustees (named for that purpose in the said resoappointed for lution) the lands, franchises, road-bed, rolling stock, tools and property of all kinds (except the lands described in the deeds referred to in the third section of chapter forty one of the Statutes of the Province of Quebec passed in the forty fourth and forty fifth years of Her Majesty's Reign), and the said conveyance may be made by Deed executed before a Notary in the usual form of Trust Deeds.

Trustees

may be

certain

purposes.

Power of

trustees in default of company

&c.

5. If the Company shall make default to pay the said Bonds or the interest thereon, for the period of six months after the same shall have become due, the Trustees, named paying bonds, in the Trust deed, or their successors appointed in the manner provided by the said deed, shall have the power, on the written request of the holders of not less than one fourth of the Bonds, issued under the authority of the third section of this Act, to take possession of the said Railway, lands, rights and property conveyed by the said deed, and hold the same, free and clear from all liability for other debts contracted by the Company, and control and manage the same for the benefit of all the holders of the said Bonds; and a stipulation to this effect shall be embodied in the said deed, an authentic copy whereof shall be enregistered Trust deed to in the Registry office of each of the Counties through be registered. which the said Railway shall pass.

35 V., c. 28, s.

. The sixth section of the said chapter twenty eight of 6, amended. the Statutes of the Province of Quebec, passed in the thir ty fifth year of Her Majesty's reign is hereby amended by striking out, at the end of the said section, the words: "and shall hold office until the first Wednesday in September in the year following their election. "

Idem sec. 11. replaced.

7. The eleventh section of the said chapter twenty eight of the Statutes of the Province of Quebec, passed in the

thirty fifth year of Her Majesty's reign is hereby repealed, and the following is substituted in lieu thereof:

of land.

"All deeds and conveyances of lands of the said compa- Form of deeds ny may be made in the form given in the schedule A sub- of conveyance joined to this act, or in any form to the like effect, and the registrars in their respective divisions shall charge and receive the sum of fifty cents and no more for all fees on the Fees for regisregistration of each of such deeds. "

tration.

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 Waterloo and Magog Railway Company, the receipt whereof is hereby acknowledged, grant, bargain, sell and convey unto the said Waterloo and Magog 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.

An Act to incorporate the Iberville and Missisquoi Counties
Railway Company.

[Assented to 30th March, 1883.]

WHEREAS the construction of a railway, as hereinafter Preamble.

set forth, would be of great advantage to that part of the Province through which it would pass and to the country adjacent thereto, and whereas a petition has been presented praying for the passing of an act incorporating a company authorized to construct such railway, and it is expedient to grant the prayer of such petition; Therefore,