boat Company," the receipt whereof is hereby acknowledged, do grant and convey, and the said (name of such other party and the wife,if the grantee be married), do grant and release (or do bar my dower in as the case may be,) all that certain parcel (or those certain parcels, as the case may be) of land, situate (describe the lands), the same having been selected and laid out by the said Company for the purposes of the Railway, to hold with the appurtenances unto the said "The Niagara and St. Catharines Railroad and Steamboat Company," their successors and assigns.

As witness my (or our) hand and seal (or hands and seals), this day of one thousand eight hundred

and seventy

Signed, sealed, and delivered in presence of

[L. S.]

SCHEDULE B.

(See Section 31).

Chief Engineer's Certificate.

The Niagara and St. Catharines Railroad and Steamboat Company.

No.

Engineer's Department.

187

Certificate to be attached to cheques drawn on the Niagara and St. Catharines Railroad and Steamboat Company Municipal Trust Account, given under section thirty-one of chapter seventy-three of the Acts of the Legislature of Ontario, passed in the fortieth year of the reign of Her Majesty Queen Victoria :

:

I, A. B., Chief Engineer for the Niagara and St. Catharines Railroad and Steamboat Company, do hereby certify that the said Company has fulfilled the terms and conditions necessary to be fulfilled under the By-law No. of the Town of day of and the said

(or under the agreement dated the between the Corporation of

Company, to entitle the said Company to receive from the said (here set out the terms and

Trust the sum of

conditions, if any, which have been fulfilled.)

Chief Engineer.

CHAP

CHAP. 74.

An Act respecting the Port Dover and Lake Huron
Railway Company.

W

[Assented to 2nd March, 1877.]

HEREAS the Port Dover and Lake Huron Railway Com- Preamble. pany have petitioned that an Act may be passed to amend the several Acts of the Company, and to extend the powers conferred upon the said Company; and whereas a meeting of the shareholders of the said Company, called pursuant to the provisions of the said Acts, was held on the tenth day of June, one thousand eight hundred and seventy-five, at Woodstock, in the County of Oxford, in order to obtain their sanction to an issue of bonds under and pursuant to the said Acts in that behalf; and whereas at such meeting the said Directors were authorized to issue bonds, limited to and in accordance with the requirements of the Statute passed in the thirty-seventh year of the reign of Her Majesty Queen Victoria, chaptered 37 V. c. 57 fifty-seven, to the extent of and not exceeding four thousand dollars per mile for each mile in length of the said Railway, together with coupons to be attached thereto for the interest thereon; and the said Directors were also, at the said meeting, authorized to sell and dispose of the said bonds; and whereas the said bonds were issued accordingly to the extent in all of two hundred and fifty thousand dollars, and the same have been to a great extent sold or pledged for the purpose of raising money for prosecuting the said undertaking; and whereas the said Directors of the said Company did duly, and according to the provisions of the said Acts, call another special general meeting of the shareholders of the said Company, for the purpose of obtaining their sanction, pursuant to the said Acts, for a second issue of bonds to the extent of one hundred and twenty-five thousand dollars, and to the issue of one hundred thousand dollars of paid-up stock in said Company, which said special general meeting was held at the said Town of Woodstock on the twentieth day of March, one thousand eight hundred and seventy-six; and whereas at such last mentioned meeting the said Directors were authorized to issue one hundred thousand dollars of paid-up shares of the capital stock of the said Company, and to make a further and second issue of bonds, under the twenty-fifth section of the Act passed in the thirty-seventh year of the reign of Her Majesty Queen Victoria, chaptered fifty-seven (subject to and to rank after the said first issue of two hundred and fifty thousand dollars of bonds), of one hundred and twenty-five thousand dollars, and to be second preference bonds, for the purpose of raising an additional sum of money for the prosecution of the said undertaking; and the said Directors were, at such last-mentioned meeting, authorized to allot, sell and dispose of, as they should see fit, the said lastmentioned

T

mentioned bonds and the said one hundred thousand dollars of paid-up shares of the said capital stock; and whereas the said lastmentioned bonds have been issued to the extent of one hundred and twenty-five thousand dollars, and the same have nearly all been sold or pledged for the purpose of raising money for prosecuting the said undertaking, and the said shares of the said capital stock allotted in connection with sales of said bonds; and whereas, at the meeting of the shareholders first above recited, the said President or Vice-President of the said Company, and the Secretary and Treasurer thereof, were authorized and empowered to execute, sign, and seal with the corporate seal of the said Company, and deliver an agreement in writing, binding the said Company not to issue first mortgage bonds on the said Railway to a greater amount than four thousand dollars per mile for every mile in length of the said Railway; and whereas the said President and Secretary and Treasurer did, under the said authority, enter into an agreement in accordance therewith, and affix the corporate seal of the Company thereto, with the holders of the said first issue of bonds, limiting the issue of the said first issue of bonds as aforesaid; and whereas, at the said meeting secondly above mentioned, the said shareholders duly authorized the said President and VicePresident and the said Secretary and Treasurer to sign, seal with the corporate seal, execute and deliver to the holders or subscribers therefor, an agreement in writing, binding the said Company not to issue bonds forming a second preferential claim upon the property of the said Company to a greater amount than the said issue of one hundred and twenty-five thousand dollars; and whereas the said President and Secretary and Treasurer did duly, by an agreement duly executed, bind the said Company not to issue bonds forming a second preferential claim upon the property of the said Company to a greater amount than one hundred and twenty-five thousand dollars; and whereas the President and Directors of the said Company did duly, and according to the provisions of the said Acts, call another special general meeting of the shareholders of the said Company, to be held at Woodstock aforesaid on the fourteenth day of November, one thousand eight hundred and seventy-six, for the purpose of obtaining the sanction of the said shareholders to the calling in, redemption, and cancellation of the said two issues of bonds, and to the issue of new bonds in lieu thereof to the extent of ninety-five thousand pounds sterling money of Great Britain, or its equivalent in lawful money of Canada; and whereas at the said last named meeting the said Directors were authorized and empowered to issue bonds limited to the requirements of the said Acts, to the extent of and not exceeding in the whole ninety-five thousand pounds sterling money of Great Britain, or its equivalent in amount in lawful money of Canada, to which total amount the first preference bonded debt of the said Company thereby authorized was thereby limited, together with the coupons to be attached thereto, for the interest thereon, payable half yearly at the rate of six per

cent

cent. per annum, at the office of the Bank of Montreal, in the City of London, England, or at the office of the Bank of Montreal, in the City of Toronto, in the Province of Ontario, or such other place or places either in England or the Dominion of Canada, as the said Directors should see fit, the said last mentioned bonds to be payable in twenty years from the first day of January next, at the same place or places where the interest thereon shall be made payable, and the said last mentioned bonds to be made and signed by the President or Vice-President of the said Company, and countersigned by the Secretary and Treasurer, and the said coupons signed by the Secretary and Treasurer, and the said last mentioned bonds to be issued under the seal of the said Company, and made payable either in sterling money of Great Britain, or lawful money of Canada, for the purpose of raising money to redeem, call in, and cancel the said two issues of bonds theretofore made, and for prosecuting the said undertaking: And whereas at the said last named meeting the said Directors were further authorized and empowered, should they consider it advisable, to allow part of the bonds theretofore issued to remain outstanding on the condition that they should not in such case issue such a portion of the said issue of bonds lastly authorized as would be equal in value both in principal and interest to the said bonds so left outstanding, but so that in no case should the quantity of bonds including those left outstanding of the bonds theretofore issued, and those lastly authorized exceed ninety-five thousand pounds sterling or its equivalent in lawful money of Canada: And whereas in pursuance of the resolutions passed at the said meeting held on the fourteenth day of November last, bonds to the amount of seventy-six thousand pounds sterling have been issued for the purpose of redeeming, calling in and cancelling four-fifths of the said two issues of bonds made before the said fourteenth day of November last, and for prosecuting the said undertaking: And whereas it is expedient to grant the prayer of the said petition;

Therefore Her Majesty, by and with the advice and consent of the Legislative Assembly of the Province of Ontario, enacts as follows:

1. The resolutions of the shareholders of the said Com- Resolution to $4,000 per

ed.

pany passed by them at the said meeting on the tenth day of limiting bonds. June, in the year of our Lord, one thousand eight hundred and mile confirmseventy-five, and the resolutions and by-laws of the said Company to carry out the same, passed at the Board Meetings of the said Directors, whereby the issue of first mortgage bonds on the said Railway was limited to four thousand dollars per mile for every mile in length of the said Railway, and the said recited agreement made with the holders of said bonds respecting the same are hereby confirmed and declared valid and binding, and the said meeting is hereby declared to have been properly held and called, and the said agreement properly entered into, and the bonds issued thereunder are hereby confirmed and

are

Second issue of bonds

confirmed.

are hereby declared to form a first and preferential, and the only first and preferential claim and charge upon the said Railway, and upon the real and personal property of the Company at the date thereof existing, or at any time thereafter acquired, subject to the provisions hereinafter contained, and the said issue of the said first mortgage bonds is hereby limited to the amount of four thousand dollars per mile for every mile in length of said Railway, subject as aforesaid.

2. The resolutions of the shareholders of the said Com$125,000, and pany, passed by them at said meeting, held on the twentieth shares $100,000 day of March, one thousand eight hundred and seventy-six, whereby a second issue of first mortgage bonds (subject to and to rank after the said first issue of four thousand dollars per mile) was authorized to be issued to the amount of one hundred and twenty-five thousand dollars, and one hundred thousand dollars of paid up shares of the capital stock of the said Company was authorized to be issued and allotted, and the said in part recited agreement respecting the same are hereby confirmed and declared to be valid and binding, and the said meeting is hereby declared to have been properly held and called, and the bonds and paid up stock issued, allotted, and sold thereunder, are hereby confirmed, and declared to be valid and binding on all parties, and neither the purchasers nor holders thereof, nor the Directors or officers of, the said Company, shall be liable to any person or persons whomsoever or to the said Company, to make good the difference between the face or par value of the said last-mentioned bonds and paid up stock, or either of them; and the price they paid for the same and such bonds are hereby declared to be and to form a second preference issue of mortgage bonds on the said Railway, and shall be taken and considered to be a second preferential claim and charge upon the said Railway, and the undertaking, and the real and personal property of the said Company at the date thereof existing, or at any time thereafter acquired, next after and subject only to said issue of two hundred and fifty thousand dollars of bonds, and subject also to the provisions hereinafter contained, and such issue of second preference mortgage bonds shall be the only issue of second preference mortgage bonds on the said Railway, and the real and personal property of the said Company, subject as aforesaid, and the said as aforesaid issue of second preference mortgage bonds is hereby limited to the said sum of one hundred and twenty-five thousand dollars, subject as aforesaid, and each ho der of any of the said second preference mortgage bonds shall be deemed to be a mortgagee, and an incumbrancer pro rata with all the other holders of the said second preference mortgage bonds upon the undertaking and property of the said Company as aforesaid, subject as aforesaid.

Resolutions Nov. 14, 1876. confirmed.

3. The resolutions of the shareholders of the said Company passed by them at the said meeting on the fourteenth day of