Bill 44 (Legislature 2, Session 4)

L2 S4 10649

Alberta — Bills

BILL No. 44 ofl1913.

An Act to Incorporate the Contr~l Canada Railway Company. (Assen~ed to 1913.) WHEREAS a petition has bln presented praying for the incorporation of a compan to construct and operate oer tain lines of railway, as hereinaft set forth, and it is expedient to grant the prayer of' the said p ition; Therefore His Majesty, by and ith the advice and consent of the Legislative Assembly of the rovince of Alberta, enacts as follows: 1. J.D. McArthur, of Winnipe , in the Province of Manitoba, railway contractor; John K. Me ennan, of Edmont~m, in the Province of Alberta, railway mana er; A. C.

Galbraith, of Edmon ton, Alberta, railway official; Sy uey B. Woods, of Edmonton, Alberta, one of His Majosty's Cou sel, and James T. J. Collisson, of Edmonton, Alberta, barrister, ogether with such persons as become shareholders in the comp .ny, are hereby constituted a body corporate under the name of Central Canada Railway Com pany, hereinafter ealled "the Com any". 2. The head office of the co~any shall be at the City of Edmonton, in the Province of Al rta, or at such other place in the Province of Alberta as the co pany or the provisional· direc tors of the company may by by-1 .w prescribe. 3.

The persons mentioned by nre in the first

section of this Act are hereby constituted the fir t and provisional directors of the company and until the electi of the board of directors at the annual meeting, they shall ha c aU the powers of the board. 4. The capital stock of the c~npany shall be five hundred thousand dollars ( $500,000) clivi ed in to five thousand ( 5000) Rhares of one hundred dollars ($10 ) each, and may be called up by the directors from time to tim as they deem necessary, out eall !:lhall exceed t€n (10) perc It. on the shares subscriherl. 5.

The annual meeting of thefhareholders of the company shall be held on such day in the ear as the board ·of directors may appoint, and at such meeting the shareholders assembled in person or by proxy shall choose n less than five nor more thnn nine persons to be the board of dir tors of the company. 6.

The company may lay out, cdnstruct and operate the follow ing lines of railway of the gauge df four ( 4) foot and eight and one-half ( 8%) inches, namely: A line from a point in township seventy-four (74) or seventy five (75), range eighteen (18) or ineteen (19) west of the fifth principal meridian to or near Pea River Landing; thence in a generally westerly direction to a Joint in township eighty-one ( 81), range four ( 4) west of the s xth principal meridian, and a branch line from the vicinity of ace River Landing northerly towards the Battle River to a poin that will when surveyed ap proximate to a point in townshii,> n nety-four (94), range twenty two (22) we<>'t of the fifth princ1pa meridian. 7.

The company may issue bo~, debentures, stock or other securities to the extent of thirty t ousand dollars ($30,000) per mile of the company's railways an the same may be issued from time to time in proport.ion to the le gth of railway constructed or under contract to be constructed. 2 8.

Tho company may enter int~agreements with any other railway or railway company by wha oever legislative jurisdiction incorporated, for the selling, leasin or conveying to such com pany the railways and undertaking of the company in whole or in part, or for purchasing or leasing from such company the rail ways and undertaking of such cornp ny in whole or in part or for amalgamation. 9.

The several clauses of The R ·ilway Act shall be and the same are hereby incorporated with this Act and the same shall form a part of and he construed. witl this Act as florming on·e Act and the same shall apply to the c mpany a.nd to the railway to be const.rucled hy it except ill so ar as the said elauses are ex pressly varied by this Act or are i 1consistent with the express enactments hereof and the expression of this Act when uRed herein shall Le underffiood to include the el w-:es of the said Railway Act not expressed. 10. 'l'he construction of the rai;r:ay hereby authorized sha.ll ho commenced within two years an · shall be completed within five years from the date of the comi g into force of this Act. 11.

The company shall also have power for the purposes of its undertaking to construct and opera e an electric telegraph line or lines and a telephone line or line along tha said railway, anrl to construct and maintain such bri ges as shall be necessary or convenient for the use of said railwa. , not being bridges over any navigable river or rivers, unless sue bridge or bridges over sut~h navigable rivers or water has or h ve been authorized by the Governor-General in Council. No. 44 FOURTH SESSION SECOND LEGISLATURE GEORGE V BILL

An Act to Incorporate the Central Canada Railway Company. Received and read the First time . . . . . . . . . . . . . . . . ..... Second time .................. . Third time . . . . . . . . . . . . . . . .... 1\IR. CoRN'\VALL EDMONTON: J. W. JEFFERY, Government Printer A.D. 1913 Title: 1913 (2nd, 4th) Bill 44,

An Act to Incorporate the Central Canada Railway Company

Document details

Collection	Alberta — Bills
Citation	L2 S4 10649
Type	bill
Volume / chapter	L2 S4 10649
Language	en
Format	json
Source	PROVINCIAL
Identifier	e03fba4929f6e328e880768bc9f881abea14df69

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