CHAP. 109. An Act respecting the Nickel Steel Company of Canada. [Assented to 7th July, 1900.] HEREAS the Nickel Steel Company of Canada has, by its Preamble. petition, prayed that it be enacted as hereinafter set forth, and it is expedient to grant the prayer of the said petition: Therefore Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows :— sidings and 1. The Nickel Steel Company of Canada, hereinafter called Railway "the Company," may, for the purposes of its undertaking, con- spur lines. struct, maintain and operate such railway sidings, switches or spur lines, not exceeding six miles in length as are necessary to connect the property of the Company with any shipping point on any navigable water, or with the line of any railway company incorporated by the Parliament of Canada. tion with 2. The Company may amalgamate with, or acquire the Amalgamashares or securities of the Nickel Copper Company of Ontario, another Limited, and the Consolidated Copper and Nickel Company of company. Ontario, Limited. OTTAWA: Printed by SAMUEL EDWARD DAWSON, Law Printer to the Queen's most Excellent Majesty. CHAP. 11O. An Act respecting the Northern Commercial [Assented to 14th June, 1900.] WHEREAS a petition has been presented praying that it be Preamble. enacted as hereinafter set forth, and it is expedient to grant the prayer of the said petition: Therefore Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows: 1. The capital stock of the Northern Commercial Telegraph Capital Company (Limited) is increased to five hundred thousand increased. pounds sterling, divided into shares of one pound each. 2. Section 18 of chapter 111 of the statutes of 1898 is repeal- 1898, c. 111, ed. s. 18 repealed. OTTAWA: Printed by SAMUEL EDWARD DAWSON, Law Printer to the Queen's most Excellent Majesty. CHAP. III. An Act respecting the Nova Scotia Steel Company, Limited. [Assented to 14th June, 1900.] W HEREAS the Nova Scotia Steel Company, Limited, has, Preamble. set forth, and it is expedient to grant the prayer of the said 1899, c. 121. 1. The Act to incorporate the Nova Scotia Steel Company, 1894, c. 117; Limited, being chapter 117 of the statutes of 1894, as amended 1895, c. 91; by chapter 91 of the statutes of 1895 and chapter 121 of the statutes of 1899, is hereby further amended by adding thereto the following sections: "18. The Company may lease, sell, transfer and convey the Power to whole or any part of its property, business, franchises, under- dispose of Company's takings, rights, powers, privileges and assets, or any of them, business. and may accept in payment therefor the whole or any part of the purchase price in cash, or in the capital stock of any other company paid-up or partly paid-up, or in the debentures of any other company, or otherwise as is agreed upon, or may, upon such terms as are agreed upon between the Company and any other company or companies, enter into and carry out any arrangements for the working or carrying on by such other company or companies of the business of the Company. "19. In the event of the Company selling and disposing of Effect of the whole of its property, business, franchises, undertakings, such sale. rights, powers, privileges and assets, it shall no longer exercise its corporate powers or make use of its corporate name for any purpose except for the purpose of supporting and carrying into effect the said sale and winding up of its affairs; and after payment of all its liabilities, any surplus remaining may be divided by the directors among the shareholders according to law without resorting to any formal proceedings for winding up the Company. |