CHAP. 124.

An Act respecting the St. Lawrence Insurance

WHEREAS

Company.

[Assented to 23rd July, 1894.]

THEREAS the incorporators of the St. Lawrence Insurance Preamble. Company have by their petition prayed for an Act to

amend, as hereinafter mentioned, chapter seventy-nine of the

1893.

Statutes of 1893, and it is expedient to grant the prayer of the Chapter 79 of said petition: Therefore Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:

extended.

1. The time specified in section one of chapter seventy-nine Time for seof the Statutes of 1893 in which to obtain a license to transact curing license business as required by section twenty-four of The Insurance Act is hereby extended for two years from the first day of April, eighteen hundred and ninety-four; and the said Act so R.S.C., c. 124. amended shall be deemed to have continued and to be in full force and effect; subject however to the amendments hereinafter mentioned to the Company's Act of incorporation, being chapter one hundred and three of the Statutes of 1887.

2. Section twelve of the said Act of incorporation is hereby Section 12 amended by adding thereto the following words: "Provided amended. that the paid-up capital of the Company shall be increased to the sum of two hundred thousand dollars within one year from the holding of the first meeting of the shareholders.'

3. Section seventeen of the said Act of incorporation is Section 17 hereby amended by striking out all the words after the word amended. "assigns" in the fifteenth line of the said section.

funds.

4. The Company may invest its funds in the debentures, Investment of bonds, stocks or other securities of Canada or of any province of Canada or of any municipal corporation in Canada, or in debentures of any building society, loan, or investment company, or on the security of any of the said debentures, bonds, stocks or securities, or on the security of paid-up shares of any building society, loan or investment company, and whether

Conditions of loans.

Additional security.

Investment in

foreign securities.

such debentures, bonds, stocks, securities or shares are assigned absolutely or conditionally or by assignment in the nature of a charge or mortgage thereon to the Company or to any officer of the Company or other person in trust for the Company, and in or on the public consols, stocks, debentures, bonds or other securities of the United Kingdom or the United States, or on the security of real estate, or in or on mortgage security thereon, or on the security of leaseholds for term or terms of years, or in ground rents on real estate or other estate or interest in real property or mortgage security thereon, and may take, receive and hold all or any of such securities in the name of the Company or in the name of trustees as aforesaid for the Company, whether for funds invested by being advanced or paid in the purchase of such securities or loaned by the Company on the security of any of such classes of property above referred to. 2. Any investment or loan above authorized to be made, may be on such terms and conditions and in such manner and at such times and for such sums and in such sums of repayment, whether of principal or interest or principal and interest as the directors from time to time determine, and either in satisfaction of, or as collateral security for debts to the Company or judgments recovered against any person, or in security for the payment thereof or of any part thereof.

3. The Company may also take any additional security of any nature to further secure the repayment of any liability to the Company or to further secure the sufficiency of any of the securities upon which the Company is by this section authorized to lend any of its funds.

5. The Company may invest or deposit such portion of its funds in foreign securities as is necessary for the maintenance of any foreign branch.

OTTAWA: Printed by SAMUEL EDWARD DAWSON, Law Printer to the Queen's most Excellent Majesty.

CHAP. 125.

An Act to amend the Act to incorporate the Steam Boiler and Plate Glass Insurance Company of Canada.

[Assented to 23rd July, 1894.]

WHEREAS the Steam Boiler and Plate Glass Insurance Preamble. Company of Canada has by its petition prayed for the passing of an Act to confer certain additional powers on the Company 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. Subject to the provisions of The Insurance Act, and in Additional addition to the privileges conferred upon the Company under powers. its Act of incorporation, being chapter one hundred and eighteen of the Statutes of 1891, the Steam Boiler and Plate 1891, c. 118. Glass Insurance Company of Canada may make, enter into and execute policies, contracts, agreements and undertakings guaranteeing engineers and firemen in actual attendance upon any boiler insured by the said Company against loss of life or injury to person resulting from the explosion thereof.

amended.

2. Section three of the said Act is hereby amended by Section 3 striking out the proviso at the end thereof and substituting the following proviso therefor: "Provided that until forty thousand dollars have been bonâ fide paid on the subscribed capital stock of the Company, not less than ten per cent being paid on each and every share of such subscribed stock, the risks taken by the Company upon any one property shall not at any time exceed ten per cent of such paid-up capital."

OTTAWA: Printed by SAMUEL EDWARD DAWSON, Law Printer to the Queen's most Excellent Majesty.

CHAP. 126.

An Act to incorporate the Alliance of the Reformed Baptist Church of Canada and the several churches connected therewith.

[Assented to 23rd July, 1894.]

WHEREAS a petition has been presented representing that Preamble.

of persons in Canada are associated together

in churches constituting a religious denomination known as the Reformed Baptist Church of Canada, in connection with and under the supervision of a body known as The Alliance of the Reformed Baptist Church of Canada and composed of the ministers of the said denomination and delegates from the several churches thereof; and whereas the said petition prays for the incorporation of the said Alliance and churches, 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:

tion.

1. The ministers of the religious denomination known as Incorporathe Reformed Baptist Church of Canada, together with two delegates appointed by each local church, and the officers and delegates of the mission society connected with the said church, are hereby declared to be a body politic and corporate under the name of "The Alliance of the Reformed Baptist Church of Corporate Canada," hereinafter called "the Alliance," and the said name. Alliance shall have the direction and management of the general interests of the said denomination.

2. The first meeting of the Alliance shall be held on First meeting the first Wednesday next after the fourth Sunday in June in of Alliance. the present year, or at such other time and such place as are designated by a notice published in the paper styled The King's Highway, such notice to be signed by James E. Drysdale, Benjamin N. Goodspeed, and G. P. Bowers, or any two of them and published four weeks previous to the said meeting. All subsequent meetings of the Alliance may be held at such time and place as are fixed by the Alliance.