meeting shall be held, the Directors elected thereat shall remain in office until the first Monday in June next thereafter. VI. And be it enacted, That the Rail-Road which the said Company are authorized to make by this Act and by the Act hereby revived, shall be commenced within four years from the passing of this Act, otherwise this Act and every matter and thing therein contained shall cease and be utterly null and void; and the several lines of Rail-Road which the said Company are authorized to make as aforesaid shall be respectively completed and fit for public use within twenty years from the passing of this Act, otherwise this Act shall cease to have force and effect with regard to all such lines or parts of lines as shall not then be completed as aforesaid, but shall remain in force with regard to such lines or parts of lines as shall be then so completed and in use. VII. And be it enacted, That the provisions of the twenty-fifth section of the Act hereby revived, shall apply to this Act and to the privileges hereby granted, as well as to the said Act and to the privileges granted by the same. All Acts on the same subexpressly revi ject not hereby ved shall be VIII. And be it declared and enacted, That except this Act and so much of the Act herein first above cited as is hereby revived, all other Acts and parts of Acts relative to The London and Gore Rail-Road Company, or to The Great Western Rail-Road Company, and more especially the Act of the Legislature of Upper Canada, passed in the seventh year of the Reign of His late Majesty King William the Fourth, intituled, An Act to alter and amend the Act incorporating sundry per- Act of U.C. sons under the name of the London and Gore Rail-Road Company, and to grant them 61. a sum of money by way of loan; and the Act of the said Legislature passed in the same year of the same Reign, and intituled, An Act to provide for the payment in Act of U. C. certain cases of the Interest on the Loan for the construction of the Great Western 62. Rail-Road; and so much of the Act of the said Legislature, passed in the same year of the same Reign, and intituled, An Act to make further provision respecting Act of U. C. the affording public aid to the Great Western Rail-Road, and the Toronto and Lake 63. Huron Rail-Road, and for other purposes therein mentioned, as relates to the said Great Western Rail-Road, are and shall be null and void, and of no force or effect whatsoever. MONTREAL-Printed by STEWART DERBISHIRE and GEORGE DESBARAts, 7 Will. IV. c. 7 Will. IV. c An Act to give further powers to the North American Colonial Asso. ciation of Ireland. [29th March, 1845.] W Preamble. THEREAS by an Act of the Parliament of the United Kingdom of Great Britain and Ireland, passed in the Session of the fifth and sixth years of the Reign of His late Majesty King William the Fourth, intituled, An Act for Incor- 5&6 W. 4. porating and granting certain powers to the North American Colonial Association of Irel ind, certain persons were incorporated into a Company, by the name and style of The North American Colonial Association of Ireland," for carying into execution the purposes of the said Act: And whereas, by another Act of the same Parliament, passed in the fifth year of the Reign of Her present Majesty, intituled, An Act to amend an Act for Incorporating and granting certain powers to the North 5 Vict. American Colonial Association of Ireland, and for explaining, allering and enlarging the provisions thereof, the said first recited Act, and the provisions thereof were altered, enlarged and extended: And whereas, by the said last recited Act, it was enacted, among other things, that it should be lawful for the said company to be invested with and exercise any further powers which the Legislature of the Province of Canada should from time to time, by an Act or Acts, to be at any time passed thereby, give to the company, and to do all acts necessary for the exercise of such powers, in the same manner and to the same extent as if the said powers were expressly given, and the said Acts expressly authorized, by the said last mentioned Act of the Parliament of the United Kingdom; and that in such case, it should be lawful for the company, and in furtherance and execution of the power so given to them, and in doing the acts so authorized, to apply and deal with the property and capital, for the time being, of the company, and the monies then or thereafter authorized to be raised by the company, in the same manner and to the same extent, pany to lend or personal security. extent, as if such dealings with, and application of such property, capital and monies had been expressly authorized among the purposes for which the company were incorporated: and that the company should be bound and required to do all such acts, and to exercise all such further powers as might at any time be authorized or given to them by such authority as aforesaid, in such manner, and subject to all such limitations, conditions and provisions as might be prescribed and provided by any Act of such Legislature whereby such powers shall be given or such Acts authorized, and that such limitations, conditions and provisions should have effect in the same manner and to the same extent as if prescribed and provided by the said last mentioned or any other Act of the Parliament of the United Kingdom: And whereas it is desirable to enable the company to advance and lend money, on the security of real or personal property in the said Province: Be it therefore enacted by the Queen's Most Excellent Majesty, by and with the advice and consent of the Legislative Council and of the Legislative Assembly of the Province of Canada, constituted and assembled by virtue of and under the authority of an Act passed in the Parliament of the United Kingdom of Great Britain and Ireland, and intituled, An Act to Re-unite the Provinces of Upper and Lower Canada, and for the Government of Canada, and it is hereby enacted by the authority of the same, Power to com- That it shall be lawful for the company, from time to time, and at any time or money on real times, to lend and advance money by way of loan or otherwise, on such security, either real or personal, or both real and personal, and upon such terms and conditions as to the said company shall seem satisfactory or expedient, and to do all acts that may be necessary for the advancing such sums of money, and for the recovering and obtaining repayment thereof, and for enforcing the payment of all interest (if any) accruing from such sums so advanced, or the observance or fulfilment of any conditions annexed to such advances, or any forfeitures consequent on the non-payment thereof; and to give receipts, acquittances, and discharges for the same, either absolutely and wholly, or partially, and for all and every or any of the foregoing purposes, to lay out and apply the capital and property, for the time being, of the company, or any part thereof, or any of the monies now raised or authorized to be hereafter raised by the company, in addition to their capital for the time being, and to do, assent to, authorize and exercise all acts and powers whatsoever, in the opinion of the Directors of the said company for the time being, requisite or expedient to be done or exercised, in the same manner as if the making such advances, and doing such acts, and so applying the said capital and monies, and the exercise and doing such powers and acts had been expressly authorized among the purposes for which the company were incorporated, and to which they were, by the said hereinbefore recited Acts, or either of them, authorized to apply such capital and monies; any thing to the contrary in the said recited Acts, or in any of them contained, notwithstanding: Provided always, that it shall not be lawful for the said company to exact or take a higher rate of interest than six per cent. 6 per cent, II. And whereas it is desirable to enable the said company to lend and advance money to the Government of the said Province: Be it therefore enacted, That it shall be lawful for the said company, and the said company are hereby empowered to lend and advance money to the Government of the said Province, for any purpose whatsoever, or to any District Council in the said Province, or to any Corporate Body having Municipal authority in any City or Town in this Province, or to any Board, Trustees, Commissioners, or other person or persons having the care of, or making, or executing any public works in the said Province, at such rate of interest, not exceeding six per cent. as may be agreed upon in every such case, and to take and accept from such Government, or District Council, or any such Corporate Body, Board, Trustees, or Commissioners, or other person or persons, such assignment, grant, demise, or other security of or upon any public revenues or property of the said Province, or upon any property belonging to such Corporate Bodies, having Municipal authority as aforesaid, or upon any rates, tolls, charges, or assessments, within the said Province, or such other security for the repayment of the money so to be advanced, and also for the interest thereon, as to the said company shall appear satisfactory, and which shall be good, valid, and effectual for the purposes expressed therein, and shall and may be enforced for the benefit of the said company, and to do all acts that may be necessary for the advancing such sums of money, and for recovering and obtaining repayment thereof, and for enforcing the payment of all interest, (if any) accruing therefrom, or any conditions annexed to such advances, or any forfeitures consequent on the non-payment thereof, or any part thereof respectively, and to give receipts, acquittances and discharges for the same, either absolutely, wholly, or partially, and for all and every, or any of the foregoing purposes to lay out and apply the capital and property for the time being of the said company, or any part of the monies now raised, or authorized to be hereafter raised by the company, in addition to their capital for the time being, and to do, assent to, and exercise all acts whatsoever, in the opinion of the Directors of the said Company, for the time being, requisite or expedient to be done, in the same manner as if the making such advances and doing such acts, and so applying the said capital and monies, had been expressly authorized among the purposes for which the said Company were incorporated, and to which they were, by the said recited Acts, or either of them, authorized to apply such capital and monies, any thing to the contrary in the said recited Acts, or either of them contained, notwithstanding. III. And whereas, by the said last mentioned Act of the Parliament of the United Kingdom, it was further enacted, that it should not be lawful for the said company, at any time after the passing of the said last mentioned Act, to purchase or acquire any additional lands and hereditaments within the Province of Canada, other than such lands as were then already acquired or agreed to be acquired therein by |