Bill 35 (Legislature 2, Session 1)

L2 S1 10918

Alberta — Bills

BILL No. 35 of 1£110.

An Act to Incorporate the Ycllowhead Coal Conpany. (Assented to 1910.) WHEREAS a petition has been presented praying for the incorporation of a company to eonstruet and operate a railway, as hereinafter set forth, and it is expedienc to grant the prayer of the 'said· petition; Therefore His Majesty, by and with the advice anl consent of the Legislative Assembly of Alberta, enacts as follows. 1. Edward R. C. Clarkson, chartered accountant; David 'IV.

Alexander, company's manager, and Charles Miller, barris ter-at-law, all of the City of Toronto in the Province of Ontario, together with ~uch persons as become shareh:Jldcrs in the company hereby incorporated, arc hereby comtituted a body eorporatc under the name of "The Yellowbcad Coal Company," hereinafter called "the company." 2. The head office of the company shall be at Lac.:.£!11~ the Province of Alberta, or such other plac<~ drrectom of the cmi1pauy may from time to time. determine . .. 3.

The severai clauses of The Railway Act of Alberta shall he and the same arc 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, '~xcepting so far as the same may be inconsistent with the cxpr<~ss enact ments hereof, and the cxprcs~ion "this Act" when used herein shall be understood to include the clauoes of the said RailWO?f Act as aforesaid. · ' 4.

The company may lay out, construct and operate a rail way of the gauge of four feet eight and one-half inc_~s from a point ~il.J·-tlreTownof-.Cacoml,w;:tq -;:NWJ.ect .. \y~th- any line of railway now in <~xistcnce jn_~!l;f&~said ·town to a point on the Brazeau River, and thence alongthe said Brazeau Hivcr to or near the head waters thercof,_.an~ bra1_1"-.h _from some point upon the said line to a point~.~~~~~!fthc City of Edmonton or the City of Strathcona. 5. The persons mentionc.d by name in the first s<·ction of this Act arc hereby constituted provisional director:J 0f the said company. 6.

The capital st0 ck..of-,t);:te company shall be five hundred thousanu dollars(($500,000); anu may be calle.d up by the directors from tirlh:;-to~time, as they deem necessary, but no ohe call shall exceed tel). per cent. on the share sub,cribed. 7. The annual general meeting of the. sharehold 'rs shall be held' on ·.the fourth Tuesday in February in each year. 2 f3.

At such meeting the subscribers for the car:ital. stock assembled, who have paid all callE, due on their sharm, shall choose not less than three nor more than nirie perE.ons to be directors of the company, one or more of whom mB.y be paid directors of the company. 9. The company may · issue· bondsJ"-qebcntm:e:;; or other securities to the extent of<twenty tliousand dollars per mile of the railway and branches,-ana-sucl:ll5orid';i~~aehmtures or other securities may be issued only in proportion to the length of railway constructed or under ·contract. to be constructed . .10.

The company may enter into an agreement wi1,h another company or· companies for conveying or leasing to 1mch com pany or· companies the railway of the company her·eby incor porated, .in whole or in part, or any rights or powem acquired under this Act, as also the surveys, plans, works, plant, material, machinery and other property to it belonging, or for an amalga- . mation with such company or companies, on such 1.erms and conditions as are agreed upon, and subject to such nstrictions as to the diredors seem fit; provided that such agreement has been first sanctioned by two-thirds of the votes .at a special general meeting of the shareholders duly called for tl e purpose of considering the same, at which meeting shareholders 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 construction of the railway hereby auth01ized shall be commenced within two years and shall be completed with in five years from the date of the coming into fm;ce of this Act, and

section of The Railway Act s~all'not apply to the company. 12. ·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 neeessary or convlmient for the usc 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 .author- ized by the Governor General in Council. · 13. This Act shall come into force on the day it is assented to.

No. 35 FIRST SESSION SECOND LEGISLATURE EDWARD VII BILI, A~ Act to Inc.orporate the Y ellowhead • Coal Company. Received and read the First time ................... . Second time ................. . ·Third time .................. . MR. w. F. PUFFER. EDMONTON JAMES E. RICHARDS, Government Printer A.D. 1910 Title: 1910 (2nd, 1st) Bill 35,

An Act to Incorporate the Yellowhead Coal Company

Document details

Collection	Alberta — Bills
Citation	L2 S1 10918
Type	bill
Volume / chapter	L2 S1 10918
Language	en
Format	json
Source	PROVINCIAL
Identifier	d992ecf7920c06b9a397f8f29cf51c62e511fcf3

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