Bill 68 (Legislature 2, Session 3)

L2 S3 10773

Alberta — Bills

BILL No. 68 of 1912.

An Act to incorporate the Magrath Railway. Company, Limited. (Assented to 1912.) WHEREAS a petition has been presented praying for the incorporation of a company to construct and operate a railway as hereinafter set forth, and it is expedient to grant the prayer of the said petition; Therefore His Majesty, by and with the advice and consent of the Legislative Assembly of the Province of Alberta, enacts as follows: · 1. Levi Harker, rancher; David P. Woodruff, farmer; Alva M.

Merkley, farmer; and Ammon Mercer, merchant, all of the Town of Magrath, in the Province of Alberta, together with such persons as become shareholders in the company hereby incorporated, are hereby constituted a body corporate under the name of "The Magrath Railway Company, Limited," hereinafter called "the company." ' ~. The head office of the company shall be in the Town of Magrath in the Province ,of Alberta. 3.

The several clauses of The Railway Act of Alberta shall be and the same are hereby incorporated with and shall be deemed to be part of this Act, and shall apply to the said com pany and to the railway to be constructed by them, excepting so far as the same may be inconsistent with the express enact ments hereof, and the expression "this Act" when used herein shall be understood to include the clauses of the said Railway Act as aforesaid. 4.

The company may lay out, construct and operate by electricity, steam or any other motive. power approved by the Minister, a railway of the gauge of four (4) feet eight and one-half (Sz) inches from a point at or near the Magrath Coal Company, Limited's coal mine in secti.on two (2), in township seven (7), range twenty-two (22), west of the fourth meridian; thence to run in a southerly direction to a point within the corporate limits of the municipality of the Town of Magrath. 5. The persons mentioned by name in the first

section of this Act are hereby constituted provisional directors of the said company. 6. The capital stock of the company shall be fifty-thousand dollars ($50,000), and may be called up by the directors from_ time to time, as they deem necessary, but no one call shall exceed ten per cent. on the share subscribed. 'i. The annual general meeting of the shareholders shall be held on the second Tuesday of January in each year. 8.

At such meeting the subscribers for the capital stock assembled,. who have paid all calls due on their shares, shall choose five (5) persons to be directors of· the company, one or more of whom may be .{laid directors of the company. 9. The company may issue bonds, d!)bentures or other securi ties to the extent of fifteen thousand dollars ($15,000) per mile of the railway• and branches, and such bonds, debentures or other securities may be issued only in proportion to the length of railway constructed or under contract to be con structed. 10.

The company may enter into an agreement with another company or com,Panies for conveying or leasing to such company or companies the railway of the company hereby incorporated, in whole or in par,t, or any rights or powers .acq~red under this Act, as also :the surveys, plans, 'wqrks, plant, material, machinery and otlter pr9perty to it belonging, or for an amal gamation with such company or companies, on such' terms and conditions as are agreed upon, and subject to such restrictions as to the directors :seem fit; provided that such ·agre!lment has been first sanctioned by two-thirds of the votes at a special general meeting of the shareholders duly ~ailed for tpe purpose of considering the same, at wh~ch meeting shareholqers repre senting at least two-thirds in value of the stock are present in person or represented by proxy, and that such agreement has also received the approval of the Lieutenant Governor in Council. 11.

The company shall also have power for the purposes of its undertaking to construct and operate an electric telegraph line or lines and a telephone line or lines along the said railway, and to construct and maintain such bridges as shall be neces sary or convenient for the use of said railway, not being bridges over any navigable river or rivers, unless such bridge or bridges over such navigable rivers or waters has or have been authorized by the Gqvernor General in Council. 12.

The company shall also have power to make an agree ment with any power company enabling such power company to construct, maintain and operate any electric power trans mission line along, under or over any righ~f-way which may be enjoyed by the company under the provisions of thjs Act, or of the general Act, and such power company shall have the right to cm~struct, maintain and operate such power trans mission line as aforesaid, subject to the terms of such agree-' ment. 13.

The. company shall have power to generate, produce and distribute, and procure from any person or company, light, heat and power in any form, or by any means, and to acquire, construct, lease, dispose of, exchange, operate and maintain power houses, stations, parks, generating plant, pro duction works and such other appliances, devices and works as are necessary or convenient for the generation, production and distribution of any such form of power or service. 14. This Act shall come into fon~e on the day it is assented to. No. 68 THIRD SESSION SECOND-LEGISLATURE GEORGE V BILL

An Act- to Incorporate the Magrath Railway _Company, Limited. Received and -read the First time ..................•• Second time . . . . . . . . . . . . . . . ... Third time ................•.. EDMONTON: JAMES E. RICHARDS, Government Printer 4...D. 1912 Title: 1911 (2nd, 3rd) Bill 68,

An Act to incorporate the Magrath Railway Company, Limited

Document details

Collection	Alberta — Bills
Citation	L2 S3 10773
Type	bill
Volume / chapter	L2 S3 10773
Language	en
Format	json
Source	PROVINCIAL
Identifier	3df7160c2663172ca6a28e043222f1fbdaf5995f

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