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COMPANIES.
BUILDING SOCIETIES.-Continued.
AMALGAMATIOX. --Continued.
Joint agreement between directors of societies wishing to amalgamate or con-
solidate stock.....

5451
If adopted to be filed with Provincial Secretary

5452
Proof of..
Letters Patent to issue.
To be submitteil to shareholders.

Votes on it, by ballot..
Meetings for.

3445
Mode of ...

5445
Name of amalgamated society.

5448
New corporation to have powers of each of united societies..

5453
Notice and how published and forwarded...

5445
Pending cases....

5449
Property rights vested in new corporation without further act or deed... 5454
Provisions for amalgamation of two societies.

5450
Right of amalgamation....

5445
Rights of societies dissolved.

5448
DIRECTORS, &c.
Application of moneys restricted....

5425
Auditors, appointment and remuneration of.

5416
Directors, appointment of..

5415
Liability limited...

5423
Majority must concur in all proceedings.

5417
Powers ...

5421
Remuneration.

5416
General statement of affairs to be prepared annually by the treasurer. 5430
Increase of capital stock..

5422
Minute book of proceedings.

5418
Officers, appointment of..

5419
Certain of them to give security...

5420
Proviso in event of death or insolvency...

5424
Place of meeting to be specified......

5429
Rules, certain particulars to be declared in.

5425
How may be repealed or amended.....

5428
To be entered in book open to inspection...

5426
Entry in book to be deemed sufficient notice and make rules
binding

5427
FORMATION OF SOCIETIES.
Declaration to be made to constitute a building society.

5402
Object for which society constituted..

5403
Who may be members...

340282
GENERAL POWERS.
Actions at law may be brought in corporate name.

5407
All property vested in society by corporate name.....

5410
Investment of surplus funds...

5406
Liability of shareholders limited.

5414
Members to receive no profits until amount of shares is realized.

5404
Nature of se'urities on which society may advance moneys.

5408
Orilinary revenue reserved to society.

5409

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COMPANIES.
BUILDING SOCIETIES.- Continued.
GENERAL POWERS.Continued.
Provision as to borrowing money by society..
Borrowing to be on permazent stock only.

5413
Rules for government of society to be made by members.

5404
Society may acquire property hypothecated to it..

May hold real estate hypothecated to it.
May hold real property for its own use..
Alay receive a bonus for advance rade to member:..
May receive deposits, issue debentures and pay interest on deposits... 5411
Amount of debentures limited..

3412
Form of debentures....

54118
May sell property hypot'.ecated for non-payment of instalments.
INTERPRETATIVE AND DECLIRATORY.
Construction and application of section.

5401
Interpretation of words : “ by-law's ** real estate

personal estate,"
rules, ”“ securities, ” “ society.
LIQUIDATION OF BUILDING SOCIETIES.

Cessation of fines.
Dissolution of society at tinal meeting of shareholders..
Interim and final reports to meeting of shareholders..

3167
Limitation of application of section.....
Liquidation may be resolved at general meeting.

Effect of resolution...
Liquidators may be appointed at meeting.
Powers and duties..

To divide amounts realized from sale of assets.
To give security.....

3404
To obey orders from meetings and pay over on dismissal

304
To pay over funds on demand..

1404
Penalty and suits therefor..
To realize assets, dispose of claims, c.
President of.
Quorum
Responsibility

Vacancies
Members may be paid by transfer of claims..

5+61
Payment of principal money due to society under obligations..
Power of certain number of shareholders to call meeting for liquidation....
Provisions when appropriations to members are payable by terms without

interest...
Proviso as to amount paid as premiums for appropriations..

Shareholders may authorize division in kind of property of society.
PROVISIONS RESPECTING PERMANENT BUILDING SOCIETIES.

Change of appropriation shares into permanent shares..
Dividends not to impair capital
Holders of paid up shares may withdraw or invest the amount.
Provisions to extend to permanent societies...
Societies are not bound to see to execution of trusts.
Soeieties can loan money on unadvanced shares..

COMPANIES.
BUILDING SOCIETIES. --Continued.
PROVISIONS RESPECTING PERMANENT BUILDING SOCIETIES.-Continued.
Societies having fulfilled conditions of this section to be building societies
within its meaning .....

5432 To what extent may borrow money.

5434 Suits. Laws in relation to real estate under seizure to apply to proceedings.. .5442-5443 Effect of sheriff's title..

5443 Pending suits not affected..

543982 Power to sue.

5439 Secretary to be competent witness.

5444 What allegations to be made in suits to sell property hypothecated.

5440 What evidence sufficient...

5441 COMPANIES GENERALLY. Declaration to be made by incorporated companies. Companies to make declaration.

4754 1 Contents of declaration.

$2 Duties of prothonotary and registrar.

4755 Entry of declaration .....

4755 Fees of prothonotary and registrar

4756 Fines upon companies not filing.

4757 Proviso...

4758 Recovery of

4759 To whom belong

4760 Form of...

4754 83 New declaration in certain cases and delay therefor.

$4 To be signed and by whom...

$1
Incorporation of joint-stock companies.
BOOKS TO BE KEPT.
Books to be evidence....

4742 To be kept and what they shall contain...

4738 To be open to shareholders and creditors.

4741 Directors can disallow entry of transfer in certain cases.

4739 Liability, if they allow it......

4739 May avoid liability and how..

4739 Effect of transfer limited till allowed..

4740 Extracts from books may be taken by shareholders, creditors, &c.... 4741 Forfeiture of corporate rights for not keeping books....

4744 Penalty for untrue entries, &c.,

4713 DECLARATORY AND INTERPRETATIVE. Interpretation..

4695 Company

$3 “ Land”

85 « Leaters Patent " Real estate

$5 “ Shareholder

88 Stockholder

$6 “ Supplementary Letters-Patent “ Undertaking

84 Short title .....

4694

99

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1719

COMPANIES.
COMPANIES GEXEPALLY. --Continued.
Incorporation of joint-stock companies.-Continusel.
DIRECTORS
Elections of .

4714
By ballot.

4715 $5
Notice...
Provisions in case of failure of.

4716
Right to vote at.

4715 $3
To be held yearly

$1
Liability for lending money to stockholders.
Subsidiary liability to laborers, servants, &c...

4720
Number of.

4712
President and officers.

4715 $6
Power to make by-laws which must be confirmed by general meeting.. 4717
Proof of by-laws..

4718
Qualifications of.

4713
Vacancies...

4715 $
Who are first directors..

4712 $2
DIVIDENDS.
May be supplemented from reserve fund by resolution of shareholders. 4736 $

Liability of directors when otherwise...
Not to impair capital......

4736
Liability of directors..
Not to be paid unless earnel.

4736
Liability of directors...
Penalty for paying when company insolvent.

4737
How liability may be avoided..

4737
GENERAL POWERS.
By-laws for increasing or reducing capital to be approved by sharehold.
ers and confirmed by supplementary Letters Patent.

4708
Companies have general powers of corporations.
Increase of capital by by-law.

4706
Contents of by-law...
Powers of company subject to present section..

4711
Reduction of capital by by-law.

4707
Contents of by-law...
Supplementary Letters Patent, effect of.

4710 $2
For increase or reduction of capital..

4708
Granting of, and notice..

4710
Petition for.

By-law, &c., to be produced therewith.

Powers of officers charged to report on.
GRANTING OF THE CHARTER TO THE COMPANY.
Amount of stock to be subscribed..

4698 83
Charter by Letters Patent may be granted and effect thereof..

4696
Amount of stock to be paid up.

How paid..
Order-in-council not required....
Directors, majority of must reside in Canada and be British subjects .. 4697
Letters Patent, different name than that chosen may be given ........ 4701

4705

4709

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4700
4704
4697
4698

1099

4703
4702

4751
475:3
$82-3

4750
4732

COMPANIES.
COMPANIES GENERALLY.-- Continued.
Incorporation of joint-stock companies.-Continued.
GRANTING OF THE CHARTER TO THE COMPANY.--

:--Continued.
Letters Patent, facts to be recited in.

Notice of issuing
Notice of application in Official Gazette and contents thereof.
Petition for Letters Patent.

Contents of.....

May ask for embolying of certain provisions in.
Preliminary conditions..

Evidence to be taken...
Supplementary Letters Patent when company changes name.

When name alreaıly taken by existing company.
MISCELLANEOUS PROVISIONS.

Company subject to further laws...
Fees on private bills for incorporation..

Portion to be refunded in certain cases.

Sanction not to be given umless payment certifiedl.
Forfeiture of charter by non-user.....
Tariff of fees for Letters Patent to be made.

Fees may vary.

Letters-Patent not to issue till paid...
SHAREHOLDERS, SHARES AND CALLS.

Capital stock, allotment of..

Amount paid up to be published..
Capitalization of surplus earnings forbidden
Fictitious capitalization forbidden..
Forfeiture for non-payment of calls.
Hell as collateral security.
Held by persons in a representative capacity.
Not to be issued for increased value....
Of what consists......
Property account, what shall represent.
Transfer of..
Voting on...

Watering of, prohibited.
Instalments, action for, allegations and proof required...

Amount of each..
Calling in of.
Interest on.

Must be paid before transfer of stock..
Shareholders in arrear not to vote.

Liability of..
Liability of, limited.

Special meetings, calling of.
Suits.

Actions between shareholders and the company.

Allegations and proof therein....
Service how mare on the company
Shareholders not parties may be witnesses.

4724
4722 $1

4728
4734

4733
47-22 $2

4722

$2

4723

4735
4722 $:3

4727
4726
4725
4723
4729
4730
4731
4732
4721

4748

4749
.4748 $3

$2

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