An Act to revive Porcupine Goldtop Mines Limited and to change its name to Porcupine Goldor Mines Limited — Private Bill PR12 (39th Parliament, 1st Session)

Bill PR12, 39-1

Ontario — Bills

1ST SESSION, 39TH LEGISLATURE, ONTARIO ELIZABETH II, 2008 Bill Pr12 (Chapter Pr11 Statutes of Ontario, 2008)

An Act to revive Porcupine Goldtop Mines Limited and to change its name to Porcupine Goldor Mines Limited Mr. Zimmer 1st Reading September 30, 2008 2nd Reading December 2, 2008 3rd Reading December 2, 2008 Royal Assent December 10, 2008 Printed by the Legislative Assembly of Ontario Bill Pr12

An Act to revive Porcupine Goldtop Mines Limited and to change its name to Porcupine Goldor Mines Limited

Preamble Hugh Hamish Sutherland and Susan Lipsey have applied for special legislation to revive Porcupine Goldtop Mines Limited and to change its name to Porcupine Goldor Mines Limited. The applicants represent that they are the trustees of the estate of H ugh Harold Sutherland and are acting in that capacity in applying for this special legisla- tion. The applicants further represent that Hugh Harold Sutherland died on March 18, 1972 and that at the time of his death he was a shareholder of Porcupine Goldtop Mines Limited, both personally and as a trustee of the Sovereign Loan Syndicate.

The corporation was incorporated by letters patent dated April 15, 1936 under the name Porcupine Goldor Mines Limited and changed its name on March 23, 1944 to Por- cupine Goldtop Mines Limited. The corporation was dis- solved on March 14, 1978 for default in complying with

section of The Securities Act , being

chapter of the Revised Statutes of Ontario, 1970, as re-enacted by the Statutes of Ontario, 1971,

chapter 31,

section 44. The applicants represent that, at the time of the dissolu- tion of the corporation, the share in the corporation that was held personally by Hugh Harold Sutherland at the time of his death was held in the name of the estate of Hugh Harold Sutherland and the shares in the corporation that were held in trust for the Sovereign Loan Syndicate at the time of Hugh Harold Sutherland’s death had not been transferred to his estate or to any other person.

The applicants would like to revive the corporation in order to deal with certain property that was held in the corporation’s name at the time of the dissolution and to resume carrying on the business of the corporation before its dissolution, namely mining exploration and invest- ment. It is appropriate to grant the application. Therefore, Her Majesty, by and with the advice and con- sent of the Legislative Assembly of the Province of On- tario, enacts as follows: Corporation revived 1.

(1) Porcupine Goldtop Mines Limited is revived and is, subject to any rights acquired by any person after its dissolution, restored to its legal position, including all its property, rights, privileges and franchises and subject to all its liabilities, contracts, disabilities and debts, as of the date of its dissolution, in the same manner and to the same extent as if it had not been dissolved. Restoration to legal position before dissolution excludes forfeited mining lands, rights

(2) For greater certainty, any mining lands or mining rights held by Porcupine Goldtop Mines Limited as of the date of its dissolution that were forfeited to the Crown under the Mining Act after the date of its dissolution are excluded from the property, rights, privileges and fran- chises to which the corporation is restored by subsection (1). Name changed 2. The name of the corporation is changed to Porcu- pine Goldor Mines Limited. Limitation 3.

This Act and the revival of the corporation shall not be construed as being determinative of any person’s rights to the assets or the shares of either the corporation or the estate of Hugh Harold Sutherland. Commencement 4. This Act comes into force on the day it receives Royal Assent.

Short title 5. The

short title of this Act is the Porcupine Goldor Mines Limited Act, 2008.

Document details

Collection	Ontario — Bills
Citation	Bill PR12, 39-1
Type	bill
Volume / chapter	p39 s1 bill pr12 bill text 39 1 en pr012ra.pdf
Language	en
Format	pdf
Source	PROVINCIAL
Identifier	93e576d350783dacb82e36a5176c7d254ca6cd48

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