Capital Stock not to exceed £5000.

Number of Shares;

Shares transferable;

within the same; and to alter and amend, repair, and enlarge the same,. as may be found expedient and necessary.

III. And be it further enacted by the authority aforesaid, That the whole capital or stock of the said Company, inclusive of any real Estate, which the Company may have or hold by virtue of this Act, shall not exceed in value Five Thousand Pounds, to be held in four hundred shares of twelve pounds ten shillings each; and that the shares of the said capital stock may, after the first Instalment shall have been paid in, be transferred by the respective persons subscribing or holding the same to any other person or persons, and such transfer shall be entered or registered in a book or books, to be kept for that purpose by the said Company: Provided One hundred Shares to always that one hundred of such shares shall for thirty days after the opening of the books for subscription, be left open for subscription in the name or on the behalf of the Mississagua Indians living on the reserve at or near the mouth of the said Twelve Mile Creek.

Que

be left for 30 days open

for subscription on Echalf of the Mississagua Indians.

Commissioners appointed

ire necessary for Company;

Which Funds Company my enter upon;

Award of sums to be paid by Company on account of kind;

IV. And be it further enacted by the authority aforesaid, That William ascertain wirdt lands J. Kerr, John L. Biggar and William Chisholm, shall be and they are hereby appointed Commissioners to ascertain, determine, and point out what portion or portions of land it shall and may be necessary for the said Company to take possession of and occupy, in order to construct the said Harbour with all necessary and convenient roads, streets and approaches thereto, (which portion or portions of land so ascertained and pointed out, the said Company are hereby authorised to enter into and upon, and to take possession of and to hold and enjoy the same for the purposes aforesaid); and also to award, adjudge, order and determine the respective sum or sums of money which the said Company shall pay to the person or persons respectively entitled to receive the same, for or on account of any lands so to be taken as aforesaid, which award shall be final; and the said Commissioners shall and they are hereby required to attend, from time to time, at some convenient place in the vicinity of the said intended Harbour, to be appointed by the Directors of the said Company for the time being, after eight days notice given them for that purpose by the said Directors, then and there to do and perform all things necessary to be by them done under and by virtue of this Act: Provided Awards may be set aside always that any award or awards made under this Act, shall be subject to be set aside on application to the Court of Queen's Bench, in the same manner and on the same grounds as in ordinary cases of submission by the parties, in which case reference may be again had to the Commissioners herein-before named: Provided always that the Commissioners aforesaid on the water, to be taken shall not be authorised to select, nor the said Company to take possession

Commissioners to attend after potice from Directors;

by Queen's Bench:

Not more than one acre, with a front of 100 feet

for erecting wharves.

of a greater portion of land than one acre, with a front of not more than one hundred feet on the water, for the purpose of the erection of wharves and storehouses.

Tolls and rates autho

V. And be it further enacted by the authority aforesaid, That as soon as the said Harbour shall be so far completed as to be capable of receiving rized. and sheltering vessels, the said Company shall have full power and authority to ask for, demand, receive, recover, and take as toll to and for their own proper use, benefit and behoof, on all goods, wares and merchandize shipped or landed in or out of any vessel or boat from or upon any part within certain limits; of the Lake shore lying in front of the Indian Reserve of lands to the Eastward and Westward of the said Twelve Mile Creek, or from or upon the Banks of the said River, within the distance of one quarter of a mile on each side from the mouth thereof, and upon all vessels and boats entering the said Harbour, according to the rates following, that is to say: Schedule of tolls Pot and Pearl Ash, per barrel, four-pence; Pork, Whiskey, Salt Beef and Lard, per barrel, three-pence; Flour per barrel, two-pence; Merchandize per barrel bulk, nine-pence; Butter and Lard, per keg, one penny half-penny; Merchandize per hundred weight, three-pence; West India Staves, per thousand, two shillings and six-pence; Pipe Staves, per thousand, twelve shillings and six-pence; Wheat and other grain, per sixty pounds, one-penny; Lumber per thousand feet, board measure, one shilling and three-pence; Pine Timber, per thousand feet running. measure, one shilling and three-pence; Oak Timber, per thousand feet running measure, two shillings and six-pence; Boats and Vessels above five and under twelve tons, one shilling and three-pence; Boats and Vessels above twelve tons and not over fifty, two shillings and six-pence; Vessels over fifty tons, five shillings; Boats and Vessels under five tons, free; on every cord of Fire-wood, three-pence.

Harbour, &c. vested m

VI. And be it further enacted by the authority aforesaid, That the said harbour, moles, piers, wharves, buildings, erections, and all materials which the Company. shall from time to time be got or provided for constructing, building, maintaining or repairing the same, and the lands so to be occupied as herein-before is provided, together with the said tolls on goods, wares or merchandize, as herein-before mentioned, shall be and the same are hereby vested in the said Company and their successors for ever.

VII. And be it further enacted by the authority aforesaid, That if any Payment of tolls, how 'person or persons shall neglect or refuse to pay the tolls or dues to be compelled. collected under this Act, it shall and may be lawful for the said Company

or their Officer, Clerk or Servant, duly appointed, to seize or detain the

Alairs to be managed by seven Directors;

President;

Qualification of Directors;

By whom election to be made;

goods, vessels or boats on which the same were due and payable, until such tolls are paid; and if the same shall be unpaid for the space of thirty days next after such seizure, the said Company or their Officer, Clerk or Servant as aforesaid, may sell or dispose of the said goods, vessels or boats, or such part thereof as may be necessary to pay the said tolls, by public auction, giving ten days notice thereof, and return the overplus, if any, to the owner or owners thereof.

VIII. And be it further enacted by the authority aforesaid, That the property, affairs and concerns of the said Company, shall be managed and conducted by seven Directors, one of whom shall be chosen President, who shall hold their offices for one year; which said Directors shall be Stockholders to the amount of at least four shares, as well as Inhabitants How and when elected; of this Province, and be elected on the first Monday in May in each and every year, at such place in the Township of Trafalgar, and at such time of the day as a majority of the Directors for the time being shall direct and appoint; and public notice thereof shall be given in the Upper Canada. Gazette, or in any Newspaper or Newspapers that may be published in the Gore District, at least thirty days previous to the time of holding the said election; and the said election shall be held and made by such of the Stockholders of the said Company as shall attend for that purpose in their own proper persons or by proxy, and all elections for such Directors shall be by ballot; and the seven persons who shall have the greatest number of votes at any election shall be Directors; and if it shall happen at any such election that two or more persons have an equal number of votes, in such manner that a greater number of persons than seven shall by a plurality of votes appear to be chosen Directors, then the said Stockholders herein-before authorised to hold such election, shall proceed to elect by ballot, until it is determined which of the said persons so having an equal number of votes shall be Director or Directors, so as to complete the whole number of seven; and the said Directors so chosen as soon as may be after the said election, shall proceed in like manner to elect by ballot one of their number to be President, and if any vacancy or vacancies shall at any time happen among the Directors by death, resignation or removal from the Province, such vacancy or vacancies shall be filled for the remainder of the year in which they may happen, by a person or persons to be named by a majority of Directors.

Election of President.

of Voters.

IX. And be it further enacted by the authority aforesaid, That each Regulation of the right Stockholder shall be entitled to a number of votes, proportioned to the number of shares which he or she shall have held in his or her own name, at least one month prior to the time of voting, according to the following

rates, that is to say: one vote for each share not exceeding four; five votes for six shares; six votes for eight shares; seven votes for ten shares, and one vote for every five shares above ten.

Provision if default of

day appointed.

X. And be it further enacted by the authority aforesaid, That in case it shoald at any time happen that an election of Directors should not be making election on the made at any day, when pursuant to this Act it ought to have been made, the said Corporation shall not for that cause be deemed to be dissolved, but it shall and may be lawful on any day to make and hold an election of Directors, and in such manner as shall have been regulated by the By-laws and Ordinances of the said Corporation.

Directors to make rules;

XI. And be it further enacted by the authority aforesaid, That the Directors for the time being, or the major part of them, shall have power to make and subscribe such rules and regulations as to them shall appear needful and proper, touching the management and disposition of the stock, property, estate and effects of the said Corporation, and touching the duty of the Officers, Clerks and Servants, and all such other matters as appertain to the business of the said Company; and shall also have Appoint Officers, power to appoint as many Officers, Clerks and Servants for carrying on the said business, with such salaries and allowances as to them shall seem fit.

salaries, &c.

to be chosen.

XII. And be it further enacted by the authority aforesaid, That on the First Directors when first Monday in May after the passing of this Act, a meeting of the Stockholders shall be held at the mouth of the Twelve Mile Creek, in the Township of Trafalgar, who in the same manner as hereinbefore provided, shall proceed to elect seven persons to be Directors, who shall continue in such office until the first Monday in May next after such election, and who during such continuance in office shall discharge the duty of Directors in the same manner as if they had been elected at the annual election.

As soon as Directors may be called in ;

XIII. And be it further enacted by the authority aforesaid, That as soon as Directors have been appointed as aforesaid, it shall and may be lawful appointed, instalments for them to call upon the Stockholders of the said Company, by giving thirty days notice thereof in the Upper Canada Gazette, or in any Newspaper or Newspapers that may be published in the said District, for an Instalment of ten per cent. upon each share, which they or any of them respectively may subscribe, and that the residue of the sum or shares of the Stockholders shall be payable by Instalments, in such time and in such proportion as a majority of the Stockholders, at a meeting to be

Not to exceed ten per cent;

Public notice;

Harbour not be commenced before first instalment paid.

Shares forfeited if instalments not paid;

Forfeited shares to be sold;

Purchasers to pay up instalments as well as purchase money;

Notice of sale.

Dividends of profits;

Annual statement to be. rendered;

To be open to Stockholders.

Period for commencing

and completing the Harbour.

expressly convened for that purpose shall agree upon, so as no such Instalment shall exceed ten per cent., nor become payable in less than thirty days, after public notice in the Upper Canada Gazette or other Newspaper or Newspapers as aforesaid: Provided always that the said Directors shall not commence the construction of the said Harbour until the first Instalment shall be paid in.

XIV. And be it further enacted by the authority aforesaid, That if any Stockholder or Stockholders as aforesaid, shall refuse or neglect to pay at the time required any such Instalment or Instalments as shall be lawfully required by the Directors as due upon any share or shares, such Stockholder or Stockholders so refusing or neglecting shall forfeit such share or shares as aforesaid, with any amount which shall have been previously paid thereon; and that the said share or shares may be sold by the said Directors, and the sum arising therefrom, together with the amount previously paid in, shall be accounted for and applied in like manner as other moneys of the said Company: Provided always that the purchaser or purchasers shall pay the said Company the amount of the Instalment required over and above the purchase money of the share or shares so purchased by him, her or them as aforesaid, immediately after the sale, and before they shall be entitled to the certificate of the transfer of such shares so purchased as aforesaid: Provided always nevertheless, that thirty days' notice of the sale of such forfeited shares shall be given in the Upper Canada Gazette, or in any Newspaper or Newspapers published in the said District, and that the Instalment due may be received in redemption. of any such forfeited share, at any time before the day appointed for the sale thereof.

XV. And be it further enacted by the authority aforesaid, That it shall be the duty of the Directors to make annual dividends of so much of the profits of the said Company as to them, or the majority of them, shall seem advisable; and that once in each year an exact and particular statement shall be rendered of the state of their affairs, debts, credits, profits and losses; such statement to appear on the books, and to be open to the perusal of any Stockholder at his or her reasonable request.

XVI. And be it further enacted by the authority aforesaid, That the said Company shall forfeit and lose all benefit of this Charter, and the privileges and powers hereby conferred, unless the said Harbour shall be begun within two years, and completed within five years from the passing of this Act.

1