Bill 9 (Legislature 13, Session 3)

L13 S3 6246

Alberta — Bills

No.9 3rd Session, 13th Legislature, Alberta 5 Elizabeth II, 1957 BILL 9 A Bill respecting Canadian Pacific Railway Company and Certain Subsidiary Companies MR. DIXQN (Private Bill) EDMONTON, ALBERTA Printed by A. SHNITKA, Printer to the Queen's Most Excellent Maje~ty ,. 1957

Preamble

Short title Assets vested in Canadian Pacific Railway Company Act ,to be the con veyance BILL No.9 of 1957

An Act respecting Canadian Pacific Rail~ay Company and Certain Subsidiary CompanIes (Assented to , 1957) W HEREAS Canadian Pacific Railway Company has by its petition prayed that it be enacted as hereinafter set forth, and it is expedient to grant the prayer of the petition: Therefore, Her lVlaj esty, by and with the advi.ce and consent of the Legislative Assembly of the ProvInce of Alberta, enacts as follows: 1. This Act may be cited as "Canadian Pacific Railway Company (Subsidiaries) Act, 19':;7". 2.

So far as the legislative authority of the Legislature extends, the powers, rights, privileges, franchises, assets, effects and properties, real, personal and mixed, belong ing to or possessed by the companies listed in the First

Schedule hereto or to which they are or would hereafter have been or become entitled, are hereby vested in Canadian Pacific Railway Company. 3. This Act, and any Act of the Parliament of Canada respecting the vesting in Canadian Pacific Railway Com pany of the railways, undertakings, powers, rights, privi leges, franchises, assets, effects and properties, real, per sonal and mixed, of the companies listed in the First

Schedule hereto shall be, for all purposes, a legal and valid grant, conveyance, transfer and assignment to Canadian Pacific Railway Company of all lands or interests in lands, of all mortgages or encumbrances, and of any other pro perty of any description whatsoever, of each of the com panies listed in the First

Schedule hereto. ~fe~:~~iS 4.

(1) Canadian Pacific Railway Company shall, for yes ted all purposes, be conclusively deemed to be the registered owney of all lands and interests in lands, of all mortgages and encumbrances and of all other property of any descrip tion whatsoever, owned by or registered, or which may hereafter be registered, in the name of each of the com panies listed in the First

Schedule hereto, and may deal with the same and execute all requisite transfers, deeds,

2 grants, leases, conveyances, assignments, discharges, re leases and other documents in respect thereof as if the same stood or were held or were registered in the name of Canadian Pacific Railway Company, and Canadian Pacific Railway Company may execute all requisite documents and instruments for the withdrawal, discharge, quit claim, surrender or release of any claim to property, real, per sonal or mixed, which any of the said companies may have filed or may have registered.

(2) Upon application of Canadian Pacific Railway Com pany, and the filing of a copy of this Act and a copy of the Act of the Parliament of Canada referred to in

section 3 of this Act, the Registrar of Land Titles for the appro priate Land Registration District shall alter his records and the Register to show that Canadian Pacific Railway Company is the registered owner of all lands or interests. in lands belonging to or possessed by those companies listed in the First

Schedule hereto, which companies are now registered as owners, or entitled to be so registered as owners, of such lands or interests in lands. 5. The company listed in Second

Schedule hereto is C,ompanv hereby dissolved. dissolved 6. This Act comes into force on a day to be fixed by Coming proclamation of the Lieutenant Governor in Council. into force FIRST

SCHEDULE The Alberta Central Railway Company The Alberta Railway and Irrigation Company Lacombe and N orth- Western Railway Company :Manitoba South-Western Colonization Railway Company SECOND

SCHEDULE Lacombe and North-Western Railway Company.

THIRD SESSION THIRTEENTH LEGISLATURE 5 ELIZABETH II 1957 BILL

An Act respecting Canadian Pacific Railway Company and Certain Subsidiary Companies Received and read the First time ........................................ . Second time ....................................... . Third time ......... .. MR. DIXON Title: 1957 (13th, 3rd) Bill 9,

An Act respecting Canadian Pacific Railway Company and Certain Subsidiary Companies

Document details

Collection	Alberta — Bills
Citation	L13 S3 6246
Type	bill
Volume / chapter	L13 S3 6246
Language	en
Format	json
Source	PROVINCIAL
Identifier	016b82fd85fc9b5de12eaead50930f4471704cc8

Source file is stored in the law ingest library (json).