Bill 29 (Legislature 1, Session 4)

L1 S4 10288

Alberta — Bills

(I

An Act to Incorporate The Southtc' Albert a Railway Compan~r- WB.EP..EAS a petition has been presented prayinc for tho incor- porntion of a C'Jnpa:'l:' to construct am'l operate a railr:uy, ~'s horoi:nafcer ~~et forth, 'J,ll<J it is e::'::poclicnt to grant LJte prayor of tho Gaicl_ potit-i_on; T1wrofore Jlis ;:.~~t,les ty, 11y and with t:1e advice ar:cl consent t.1s j~o Jl ows: Incorr.,oration 1. of I.lcclicine Hat in the Uead Of:[ ice l'rovince of Al '1Jcr+;o ..... of :.leCicinee Hat in tho Provinec of' Alberta and ~ ),.. tot;ethor vvl th S'lCh persons as become sharehold_ers in ~;l,8 company hereby incorporated, are hereby constituted a body cor;JOratc unclerfthe nm~o of The Southt'Alberta Railway Cm•1pun;;,r, hereinafter called the "company." 2. 111le head office of the company sha~_l be in, Railway Act 3.

Tho several clauses of The Railway Act of Albert~ cl!~ll of .ATberta to apply be, and the same are hereby, incorporated with an~ shall be deeinet1 to be part of tJ1iS Act' ana_ S}l[=t11 o.ppl~r to ·tl1e Gt:ticl company arlc1_ to the rrdlway to be constructed by tberl, C}:cept- ine; so far as t£10 sawe ma;)' be inconsistent with the exprccc enactments hereof, and the CX]_Jression "this i..ct" when 110ccl 1wroi~ shal 1 bA 1-mclerctooo_ to include the clauses of the said Railway Act as aforesaid. Powers 4.

The company may lay out, construct and operate by steam or electric power a railway of standard gauge, 4 feet f3~ inches commencing at a point on the main line oi the Canadian :Pacific Hailway at Suffield, then South ~!festerly to a point on the Bow River in Township 11, Range 13, 'Nest 4th l,!ericlian, tlwnce '.Vesterly to a point on the Calgary and Edmonton Railway: and from a point on said railway line in Township North r:osterly to a point in Township 24, Rar:ge 1, :vest 5th ~eridian, with power to construct and operate branch lines rrovisional directors Capital stoc·l~ Annual mooting -2- no-t exceedine 30 miles in length from a point on said rnih:n;y·. r· D.

J:llle persons mentioned l1y nm:e in the first

section of tlliu Act are hereby constituted provisional directors of tho sai~ c·Jmpany. 6. :rho capital stock of the compnny sha11 be Two million. Jive hundred thousand dollars ($2,500.000) and may oe called uo i1,j tho tlirectoro froi:.l ti::te to time as Ll:Ley doernneco::;sar:r', "' '. lmt no one call shall exceed te.n per cent. on the sJwro s~:b- scribod. r;. The annm'l c;eneral meeting of the shareholdorc shal.l 110 l1eld at such tir·10 each year as the 1)oard of r:lirecd;or::> may a.etermine. Powers of 8.

At such mectinc; the subscribers for the capital stock tl:o company .flon(lint powells. aGseniJlca_, wh<) }·,.Dve paio a·· 1 ca11s c_ue on t·~:cir shaToo, sJ•alJ choose three persons to lJe directors ~f the company, one or more of whom may be paid directors of the co~pany. 9. ~.r:he coi:1pany ~ny ic1sue 1)Qnclu. deoentures or other securj- ties to the extent of fifteen thousand dolJars ($15,000) ~er 1:ile of t1:o raiJvmy and branches. Agreement 10.

Tho company may enter into an agreement with anot~cr com- with o f:her companies to pany or companies for convoying or leasing to 15Uch company convey or lease or companies tho railway of the company hereby incorporated, in whole or in part, or any rights or powers acquired uncler this Act. as also the surveys, plans, works, plant, materiul, :11acl:dner:r ana otl:er prcperty to it be~_ongint;, or for an 8.111Rl- e;.ommtion with s11 ch company or companies. on such ter1~1s and cond.:i tions as are agreed upon. anc1 sullject to su.cll restric- tion as to tho clirC'ct;n:rs seem fit; ·proviceCI t~:.at such ae;roe- ment has 1)een first sanctioned by two-thirC:s of the tfotes at a special general meeting of the shareholders duly called for tte purpose of consio er ~ne the same. at w1:.ic~~ meet inc shnro- holders representing at least two-thirds in value of the stock are present in person or represented by rroxy, and t}mt aucL o.c;reement has 81 so received the approval of the Lieu'_:cna.rrt Leadint, of J.l. 'El1e compan::r' shall at all stations upon their railwa.J' cars from 'armers 1 Vehic1et\_ always perr;li t the loading of grain into c<::trs from farrner:J~ -3- vehicl('s or flat warehouses. sub,ject to reasona·hle ree;~J.lati on:~ to be made by the said co;-:lp&ny, and shall at all reasonable times afford proper facilities there~or. 12. 1.'!1e company at;Tees to afford al.J. reaso::~a1Jlc :facili Lj_os to any other railway company for the receivinG an~ forwardin~ ::r:~ c1.e1i7cT:;.- of tr~ffic l::.-;1on and from the line of railway be- lont;i_:16 to or wor~(0\1 11y such companins respectively, .::n:C ~1~o cor1pany shall not make or give undue or nnreasona·ble pre- ferencc or a~vanta~c to or in favour of any particular person or cm:1.pany, or anF partimJlar descri1•tion o:f traffic in an~- Te spect whatsoever, nor shall the cor:•pany sub j cot ar.y 1,1etr- ticulo.r person or company, or any particular c1escrirtiou of traffic. to any undue or unreasonable :prel)ncLice or (lisacJvanta§_;c whntsoever, ~mel ·:;J:1e said conpany shall afford all Clue aml reasonable facilities for receiving and forwardinE LJ its railway all tho traffic arri~ing by such ot~er railwey or rail- vm,;;,rs wi. thout any unreaso:na blo ctela;y, and wi-thout an,; f3uch )refore~ce or aJvantabe or prejudice, or disadvantacc ~s alore- sail':, co 1.: 1 '?~.- no ol"·struction is presented to the pu'ulic ~esir- ou:~ of using such railway .as a continuous line of cornmu:r: ·i c:a td!on, and so that all reasonable accommoclation by nwans of the r:J.i"l- wayA of tbc 2evcre' co~panies is at all ti~es afforded to the ;~ry and any othor conpany or companies contrary to this abroc- ment shall be null and void.

Time v:j_thin 13. :i:he construction of -'che railway hero1J~l authori:-'.oc~ :.:;~~a:_l w11ich to commence anu 1.r: conP!enccd within ::wo yeaTs and sha 1_1 ~~e co:::.r:,le te<J within complete construction five years from the date of the coming into force of this ~ct. 14. ~he company shall also have power for the purposes of Telce;raph and teJephone its undertakine; to construct and operate an electric telo.:;raph lines line or lines and a telephone line or lines alone the sni0 railway, and to construct and maintain such bridges as shall be necessary or convenient for the usc of said railway, ~ot llei~s bridces over any navisable river or rivers, unless such brid~o or brideos over such Davicablo rivers or waters baa or hfl7e been authorized by the Governor General in Co~mcil. ~ b:l bJ 1-J· H 1-' ~ t-1 1-' t:-t 1-3 t-:·• .. ~ .... t:-t •n I-] 0 ::iS t:.a 0 • ~ (/) H 0 ,.-:;, ··-"'I 0 c:: 0 0 1--3 0 fJ e:1. ~ tJ> """ 0 ~ . ., t'i !:Jj ""' r<: t;.:J ll> t>J 1-] l-<:1 t~ 1-3 tJ> Title: 1909 (1st, 4th) Bill 29,

An Act to Incorporate the Southern Alberta Railway Company

Document details

Collection	Alberta — Bills
Citation	L1 S4 10288
Type	bill
Volume / chapter	L1 S4 10288
Language	en
Format	json
Source	PROVINCIAL
Identifier	a9ad1aa3d66f4273b52b45a9acace58d5b036e64

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