judgment to the proper discharge of their duties, and they shall be entitled to receive just and reasonable compensation for all duties performed by them in the discharge of this trust, and for all their reasonable expenses and disbursements, which compensation shall be paid by the Company, its successors or assigns, and shall also with interest, be a lien and charge upon the premises hereby conveyed, and shall be payable out of any funds coming into the possession of the trustees or their successors in the trust.

Article Eleventh. No trustee hereunder shall be in any manner responsible for the default or misconduct of a cotrustee or co-trustees or for the default or misconduct of any agent or attorney appointed pursuant to these presents, if such agent or attorney be selected with reasonable care, or for anything whatever in respect to the premises or the trust hereby created, except his own fraud or wilful mis

conduct.

Article Twelfth. Any trustee hereunder may resign the trust hereby created and be discharged from all further duty thereunder or liability thereafter arising, upon giving three months' notice in writing to the Company and to any associate trustee or trustees, or upon such shorter notice as the Company and a majority in interest of the bondholders may accept as sufficient. Any trustee may be removed from office by a vote in majority in interest of the bondholders taken at a meeting of the said bondholders duly held and attested by an instrument in writing under the hands and seals of the persons so voting.

Article Thirteenth. In case any trustee shall die, resign, be lawfully removed or become incapable of acting, a successor to such trustee may be appointed by the surviving or continuing trustee, if any, with the consent of the board of directors of the Company, or if no such appointment is made within thirty days after such vacancy occurs, then by the holders for the time being of a majority in interest of the said bonds then outstanding, at a meeting of the said bondholders duly convened and held in conformity with the provisions of these presents; such appointment, however, to have no force or effect before any default in the payment of coupons or interest until approved by the board of directors of the Company. If such vacancy is not filled for ninety days after it occurs, any judge of the Supreme Court of the Province of New Brunswick may appoint a trustee to fill such vacancy on the petition of the holders of the bonds hereby secured, to the aggregate amount of twenty per centum of the bonds then outstanding, upon reasonable notice to the Company, its successors or assigns, and to the surviving trustees or trustee, if any; and the corporation, person or persons so appointed shall be the trustee or trustees under this instrument, and from thence afterwards each trustee so appointed shall be vested with the same powers, rights and interests, and charged

with the same duties and responsibilities as if he had been named trustee and made a party to this instrument in place of the trustee whom he succeeds, without any act or deed; but the surviving or remaining trustee, if any, shall immediately execute all such conveyances or other instruments as may be necessary or suitable for the purpose of securing to the new trustee so appointed a full joint estate in the premises.

Article Fourteenth. The words "the Company" whenever used in this indenture shall be construed to mean the party of the first part, its successors and assigns. The word "trustees" whenever used in this indenture shall be construed to mean the corporation, person or persons who for the time being shall be charged with the execution of this trust, whether originally appointed or afterwards substituted and, whenever a vacancy exists, to mean the surviving or remaining trustees or trustee, who shall, during such vacancy, possess all the rights and privileges and be competent to exercise all the powers hereby granted to or conferred upon the party of the second part; at any time when there are any more than two trustees, a majority of the trustees may exercise any power or authority which could, in virtue hereof, be exercised by all the trustees.

Article Fifteenth. The Company, its successors and assigns, shall and will make, execute and deliver all such future deeds and assurances as may, from time to time, be necessary, as the parties of the second part or their successors in the trust may be advised by counsel learned in the law, to be necessary for the better securing to the parties of the second part and their successors in the trust the premises hereby conveyed and for the carrying out of the objects and purposes of this indenture.

Article Sixteenth. The parties of the second part hereby accept the trust herein contained and undertake and agree to fulfil all the duties and obligations hereby imposed on them in accordance with the true intent and meaning of these presents.

Article Seventeenth. Upon the payment of the principal and interest of all the bonds hereby secured, the estate hereby granted to the parties of the second part shall be void and the right to all the real and personal estate hereby granted and conveyed shall revert to and revest in the party of the first part, its successors or assigns in law and in equity, without any acknowledgment of satisfaction, reconveyance, surrender, re-entry or other act.

In witness whereof the said New Brunswick and Prince Edward Railway Company, in pursuance of the authority conferred on it by law and of the resolution of its stockholders and directors, have caused this indenture to be subscribed in its name by its president and secretary and the corporate seal of the said Company to be affixed thereto, and the parties of the second part for the purpose of testifying

to their acceptance of the trust hereby created have hereunto set their hands and seals the day and year first in this indenture written..

PROVINCE OF NEW BRUNSWICK,
COUNTY OF WESTMORELAND.

Be it remembered, that on the fourth day of July, in the year of our Lord one thousand eight hundred and eighty-seven, before me, Henry A. Powell, a Notary Public of the said Province of New Brunswick, duly appointed and sworn, and residing at the Parish of Sackville, in the said County of Westmoreland, personally came and appeared at the said Parish of Sackville, William C. Milner, Secretary of the New Brunswick and Prince Edward Railway Company, who, being by me duly sworn, made oath and said that he is the Secretary of the said The New Brunswick and l'rince Edward Railway Company; that the seal affixed to the aforegoing indenture purporting to be the corporate seal of the said The New Brunswick and Prince Edward Railway Company is the corporate seal of said Company, and was so affixed by him, the said William C. Milner, as Secretary of the said Company by their order for the uses and purposes therein mentioned and contained.

In testimony whereof I, the said Notary, have hereunto set my hand and affixed my notarial seal this fourth day of July, A.D. 1887.

(Signed) HENRY A. POWELL (L.S.) Notary Public.

Be it remembered, that on the eighth day of July, A.D. 1887, before me, Albert W. Bennett, a Notary Public of the said Province of New Brunswick, duly appointed and sworn, and residing and practising at the Parish of Sackville, in the said County of Westmoreland, personally came and appeared at the said Parish of Sackville, J. F. Allison, who being duly sworn by me, the said Notary, made oath and said that he was present and did see the said Thomas E. Kenny, John A. Humphrey and Edward Cogswell, the parties of the second part to the aforegoing indenture, each sign, seal, execute and deliver the said indenture as and for the act and deed of each of them respectively, and to and for the uses and purposes therein expressed and contained, and that he the said J. F. Allison was the subscribing witness to such execution by them as aforesaid. In testimony whereof I, the said Notary, have hereunto set my hand and affixed my official notarial seal this eighth day of July, A.D. 1857.

(Signed)

ALBERT W. BENNETT (L.S.)
Notary Public.

Westmoreland, S.S.

I, the Registrar of Deeds, &c., in and for the County of Westmoreland, hereby certify that the aforegoing is a true copy of an instrument in writing registered in the office of the Registrar of Deeds for said County in Libro G5, Folio 426 to Folio 437, both inclusive, by the No. 51732, on the 1th day of July, A.D. 1887, the same having been carefully compared by me with the registry of said instrument.

W. BACKHOUSE,
Registrar.

OTTAWA: Printed by BROWN CHAMBERLIN, Law Printer to the Queen's Most Excellent Majesty.

CHAP. 86.

An Act respecting the Niagara Grand Island Bridge

Company.

[Assented to 20th March, 1889.]

WHEREAS the Niagara Grand Island Bridge Company

have, by their petition, prayed for the passing of an Act to extend the times limited for the commencement and completion of their undertaking, 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 times limited by the Act thirty-seventh Victoria, chapter seventy-seven, incorporating the Niagara Grand Island Bridge Company, as amended by the Acts fortieth Victoria, chapter sixty-four, forty-third Victoria, chapter sixty, forty-fifth Victoria, chapter eighty-six, and fortyninth Victoria, chapter eighty-eight, for the commencement and completion of their undertaking, are hereby extended as follows: the works authorized by the first cited Act shall be commenced within two years and completed within six years from the passing of this Act.

OTTAWA: Printed by BROWN CHAMBERLIN, Law Printer to the Queen's Most
Excellent Majesty.