pany shall be in the form of Schedule A to this act annexed, and may be enregistered at full length, upon the affidavit of one of the witnesses to the execution thereof, made before one of the officers, usually authorized to receive the same ; and a deed in such form, or in words of like import, shall be a legal and valid conveyance of the land and immovables therein mentioned, to all intents and purposes, and the enregistration thereof shall be of the same effect, as if such deed were executed before a notary.

24. The directors of the said company may, if they see Rails may be fit, use either iron or steel rails on any portion of the said ...: railway; and the said directors shall also have power to rectors may build wooden tramways as branches, feeders or auxiliaries ..." - - - ys of a to the said railway, not to exceed, in the case of any branch, certainiength, a length of fifteen miles, and to construct and use all such **** machinery and appliances for working the same as may be

found useful and proper in such cases.

25. The company shall have full power to purchase or Power of comacquire land for warehouses, elevators, factories, docks, ...&c. stations, workshops, offices, and erect buildings thereon, and to dispose of any superfluous property connected there with, and to acquire, hold and control as many steam or other vessels as the directors may deem requisite, from time to time, to facilitate the carriage of passengers, freight and other traffic, in connection with the aforesaid railway.

26. The powers, given by this act, shall be exercised by H. " the commencement of the said railway within four years;...thin after the passing of this act, and its completion within ten a certain time

years therefrom.

37. This Act shall be cited as the “Ottawa Colonization Name of Act. Railway Act.”

SCHEDULE A.

Know all men by these presents that I, A. B., in consideration of , paid to me by the Ottawa Colonization Railway Company, the receipt whereof is hereby acknowledged, grant, bargain, sell and convey, unto the said Ottawa Colonization Railway Company, their successors and assigns, all that tract or parcel of land (describe the land), to have and to hold the said land and premises unto the said company, their successors and assigns forever.

Witness my hand and seal, at this

day

one thousand eight hundred and

An Act to incorporate “ The Leeds and Eastern Town. ships Railway Company."

(Assented lo 27th May, 1882.]

Preamble.

W HEREAS the construction of a railway, as herein.

after set forth, would be a great benefit to that portion of the province through which it will pass, as well as the neighborhood thereof, and whereas a petition has been presented, praying for the passing of an act to incor. porate a company authorized to construct such railway, and it is expedient to grant the prayer of the said petition; Therefore, Her Majesty, by and with the advice and consent of the Legislature of Quebec, enacts, as follows:

SONS in rated.

Certain per- 1. Chas. Lionais, J. G. Robertson, Jas. R. Woodward,

corpo H. Gowen, John White, F. Oliver, L A. Roberge, E. A. De

St. George and Benj. Globensky, together with all such persons and corporations as may hereafter become sharehold. ers in the company, hereby incorporated, shall be and are

hereby constituted a body politic and corporate, under the Name of cor- name of : “ The Leeds and Eastern Townships Railway poration. Company."

Rights, &c., 2. The company is vested with all the rights and vested in com- privileges required to build and work a railway, starting pany.

from some point in the township of Leeds, in the county of Megantic, through the township of Thetford, to a point on the Quebec Central Railway in the said township of Thetford, in order to connect with the same.

Certain powers 3. The company shall have all the powers conferred by conferred.

the “ Quebec Consolidated Railway Act, 1880,” not inconsistent with the provisions of this act.

Capital stock.

4. The capital stock of the company shall be five hun.

dred thousand dollars, divided into shares of fifty dollars each, but it may be increased, from time to time, by a vote of the majority in value of the shareholders, present in person or represented by proxy, at any meeting specially called for that purpose.

5. It shall be lawful for the company to receive, as aid Aid to com. in the construction of the said railway, any vacant lands or * any real or personal property or any sums of money either as gifts or by way of bonus, or in payment of stock, and it may legally dispose of and alienate such lands and other real or personal property for the purposes of the company, on the authority of a majority of the directors.

6. Chas. Lionais, J. G. Robertson, Jas. R. Woodward, H. .." Gowen, John White, F. Oliver, L.A. Roberge, Benj. Globen-" sky, and E. A. De St. George are hereby constituted a board of provisional directors of the company, and they shall remain in office until other directors are elected by the shareholders, in accordance with the provisions of the present act. And the directors shall have power and autho-Power of dirity to fill vacancies occurring on the board, to open stock-" books and obtain subscriptions to the capital stock of the undertaking,and call up instalments on the stock subscribed, to issue obligations, bonds or debentures, to become parties to promissory notes and bills of exchange, to commence and continue the construction and working of the said railway.

7. The general meeting of the shareholders for the General meet election of directors shall be held, each year, on the first...” Tuesday in May, in the city of Sherbrooke, at the time and place indicated in the notice convening such meeting, and such notice shall be inserted in a newspaper published Notice for that in the city of Sherbrooke or in the district of Quebec, ** during the two weeks preceding the date of the meeting. Notice of other meetings of the shareholders shall be given in the manner prescribed by the by-laws of the company.

8. The board of directors of the company shall be com-Composition of posed of seven members, four of whom shall be a quorum, o who shall elect two of their number as president and vice-president. No one shall be elected a director, Qualification unless he be a shareholder, holding ten shares in the **** capital stock of the company and unless he has paid all

the calls due thereon.

9. The directors or a majority of them may, from time vacancies on to time, replace one or more directors who have died or re-..."

signed, by selecting, from amongst the shareholders, one or more persons duly qualified to be directors; and such directors, so appointed, shall remain in office until the following election of directors in the month of May, then next.

Head-office.

10. The principal place of business and the head-office of the company shall be in the city of Sherbrooke.

Subscription 11. All manufacturing or other companies, carrying on to capital by certain corpo. business, in whole or in part, in the province of Quebec, or rations. elsewhere, even outside of the Dominion of Canada, and

incorporated either by a special or by a general act, and all municipal corporations may subscribe to the capital stock and acquire and hold any number of shares of the said company and dispose of the same as they may think proper.

Power of direc. 12. The directors of the company are hereby authorized

* to borrow, either in Canada or elsewhere, all sums of &c., issue debentures. money necessary to complete, maintain and work their

railway; to issue mortgage bonds, bearing the seal of the company, and signed by the president, or other officer, acting as president, and countersigned by the secretary; and such bonds may be payable in such manner, at such place in Canada or elsewhere, and shall bear such rate of interest as the directors may deem advisable, and

may be sold or pledged at the prices and on the terms Limit of and conditions they may deem fit; provided that the

amount of such bonds so issued does not exceed the amount of the capital stock of the company.

conditionech bonds book of the compat

amount to be issued.

Bonds deed not be registored.

13. The mortgage bonds, hereby authorized to be issued, shall, without registration or formal transfer, and notwith. standing article 2130 of the civil code, be received and considered as a first claim and privileged debt against the company, its undertakings, tolls and revenues, and the movables and immovables which it now possesses or may hereafter acquire ; and every holder of such bonds shall be deemed an hypothecary creditor as to such security, pro ratd with all other bond-holders.

Bonds may be 14. All bonds, debentures, hypothecs and other secupayable to witinho

rities hereby authorized, and their coupons and certificates bearer.

of interest due, may respectively be made payable to bearer, and in such case they shall be transferable by simple delivery, and the holder may sue for recovery thereof in his own name.

15. The company shall have power and authority to company may become party to promissory notes and bills of exchange. .” of not less than one hundred dollars, and any such pro-notes &c. missory note or bill of exchange made, accepted or endorsed by the president or vice-president of the company, and countersigned by the secretary, under the authority of a majority of a quorum of the directors, shall be binding on the company; and every such promissory note or bill of exchange, so made, shall be presumed to have been duly made with the proper authority, until the contrary be shewn ; and in no case shall it be necessary to have the seal not neces. seal of the company affixed to any promissory note or billsary. of exchange; nor shall the president, vice-president, secretary or treasurer of the company be individually responsible for the same, unless the said promissory note or bill of exchange has been issued without the sanction and authority of the board of directors, as herein provided

and enacted.

16. The directors may, at any time, call upon the share-calls. holders for such instalments upon each share, which they or any of them may hold in the capital stock of the said company, and in such proportion as they may see fit. Except that no such instalment shall exceed ten per cent on the subscribed capital, and that one month's notice of each call shall be sent by mail to each shareholder.

17. The company may amalgamate with any other rail- Power to way company, whose line it may cross, and it may make **** arrangements, for the passage of its cars and trains, with any line of railway situated along its line or which may cross the same.

It is also hereby authorized to make and complete all To acquire arrangements with any other railway company, for the ** purpose of acquiring any branch line or of facilitating connection between it and such other company, or of acquiring the corporate property or claims of such other company.

It is also hereby authorized to make any arrangement To make runwith any such company to allow the passage of trains of any ...” such company over its line, as also to lease to any such other roads, railway company the whole of its road or such portion.” thereof as may be built, on such conditions as the board of" directors may deem expedient. The company shall also have the right to run its trains over any other line of railway which it may intersect, provided it obtains the consent of the company interested.

18. All shareholders in the company, whether British Canadian. subjects or aliens, or residents of Canada or elsewhere, **