telephone, or for leasing or using the telegraph or telephones of the Company, until such rates or charges have been approved of by the Governor in Council. 4. The Electric Telegraph Companies Act shall apply to the R.S.C., c. 132. telegraphic business of the Company. 10. The Company may issue bonds, debentures or other Bond issue securities to the extent of twenty thousand dollars per mile of limited the railway and branches, and such bonds, debentures or other securities may be issued only in proportion to the length of railway constructed or under contract to be constructed. company. 11. The Company may enter into an agreement with the Agreement Canadian Pacific Railway Company, the Grand Trunk Rail- with another way Company of Canada, the James Bay Railway Company, the Ontario and Sault Ste. Marie Railway Company, or the Sudbury and Wahnapitae Railway Company, for conveying or leasing to such company the railway of the Company, in whole or in part, or any rights or powers acquired under this Act, as also the franchises, surveys, plans, works, plant, material, machinery and other property to it belonging, or for an amalgamation with such company on such terms and conditions as are agreed upon, and subject to such restrictions as to the directors seem fit; provided that such agreement has been first Approval of approved by two-thirds of the votes at a special general meeting and Governor of the shareholders, duly called for the purpose of considering in Council. it, at which meeting shareholders representing at least twothirds in value of the stock are present or represented by proxy, and that such agreement has also received the sanction of the Governor in Council. shareholders for sanction. 2. Such sanction shall not be signified until after notice of Notice of the proposed application therefor has been published in the application manner and for the time set forth in section 239 of The Railway Act, and also for a like period in one newspaper in each of the counties and districts through which the railway of the Company runs and in which a newspaper is published. with Secretary 3. A duplicate of the agreement referred to in subsection 1 Agreement of this section shall, within thirty days after its execution, be to be filed filed in the office of the Secretary of State of Canada, and of State notice thereof shall be given by the Company in The Canada Gazette, and the production of The Canada Gazette containing such notice shall be prima facie evidence of the requirements of this Act having been complied with. construction 12. If the construction of the railway is not commenced and Time for fifteen per cent on the amount of the capital stock is not ex- limited. pended thereon within two years after the passing of this Act, or if the railway is not finished and put in operation within five years after the passing of this Act, the powers granted by this Act or by The Railway Act shall cease and be null and void as respects so much of the railway as then remains uncompleted. OTTAWA: Printed by SAMUEL EDWARD DAWSON, Law Printer to the Queen's most Excellent Majesty. CHAP. 65. An Act respecting the Montfort and Gatineau WHE [Assented to 14th June, 1900.] HEREAS the Montfort and Gatineau Colonization Rail- Preamble. way Company has, by its 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 1898, c. 75. Iwith the advice and consent of the Senate and House of Commons of Canada, enacts as follows: authorized. 1. The Montfort and Gatineau Colonization Railway Com- Extension pany, hereinafter called "the Company," may extend its line of railway of railway from its present terminus near St. Sauveur to a point on the line of the Great Northern Railway Company near St. Canut, in the county of Two Mountains, and thence to a junction with the line of the Jacques Cartier Union Railway Company in the county of Jacques Cartier near the city of Montreal. 2. The Company may issue bonds, debentures or other Bond issue. securities to the extent of twenty thousand dollars per mile of the extension of its line hereby authorized. 3. Section 9 of chapter 75 of the statutes of 1898 is amended 1898, c. 75, by inserting after the word "Company" in the second line the s. 9 amended words "the Grand Trunk Railway Company of Canada, the Jacques Cartier Union Railway Company." OTTAWA: Printed by SAMUEL EDWARD DAWSON, Law Printer to the Queen's most Excellent Majesty. CHAP. 66. An Act respecting the Montreal and Ottawa Railway WH Company. [Assented to 7th May, 1900.] HEREAS the Montreal and Ottawa Railway Company Preamble. has, by its petition, prayed that it be enacted as herein after 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: construction 1. The Montreal and Ottawa Railway Company may Time for complete the railway which it is authorized to construct, or extended. any portion or portions thereof, within four years from the passing of this Act; provided that as to so much thereof as is not completed within that period the power hereby granted shall cease and determine. OTTAWA: Printed by SAMUEL EDWARD DAWSON, Law Printer to the Queen's most Excellent Majesty. |