Bill 27 (Legislature 3, Session 3)

L3 S3 10241

Alberta — Bills

BILL No. 27 of 1915.

An Act to incorporate Smoky Valley and Peace River Railway Company. (Assented to ' 1915.)

WHEREAS a petition has been presented praying for the incorporation of a company to construct and operate a railway hereinafter set forth, and it is expedient to grant the prayer of the said petition;

Now therefore His Majesty, by and with the advice and consent of the Legislative Assembly of the Province Alberta, enacts as follows: 1. Duncan Robert Campbell, superintendent; Palmer Clarence Andrews, accountant; and Daniel Francis Coyle, railway employee, all of the City of Winnipeg, in the Province of Manitoba, together with such other persons as may become shareholders in the hereby incorporated company, are hereby constituted a body corporate under the name of "Smoky Valley and Peace River Railway Company," hereinafter called ''the company." 2.

The head office of the company shall be at the City of Edmonton, in the Province of Alberta, or at such other place in Alberta as the company may by by-law prescribe. 3. The persons mentioned by name in the first Eection of this Act are hereby constituted provisional directors of the said company. 4. The capital stock of the company shall be or:e million dollars ($1,000,000) and may be called up by the directors from time to time as they deem neceEEary, but no calls shall exceed ten per cent. of the shares subscribed. 5.

So soon as the provisions of The Railway Act in regard to subscription and payment of capital are complied with the provisional directors shall call a meeting of the subscribers to the said capital stock, to be held at such place in Alberta as the provisional directors may determine, and at such time as they shall think proper, for the purpoEe of electing directors of the said company, paEsing by-laws and transacting other business.

The said provisional directors shall call such meeting by giving at least two weeks' previous notice of such meeting, by a circular addressed by mail or delivered to each subscriber, stating the time, place and purpose of said meeting; provided that any subscriber may, by instrument in writing, waive any such notice, or such meeting may be held without notice if all of the subscribers are present either in person or by proxy.

At such meeting the subscribing share holders may choose not less than five or more than nine persons to be the directors of the company, and who shall hold office until their successors are elected. Such share holders may also at such meeting pass rules, regulations and by-laws not inconsistent with this Act.

2 H. The first annual ,general meeting of the compauy shall be held at sueh time as the director::.; of the company may determine and all subsequent annual meetings shall be held at such time and at such place as may be prescribed by the by-laws of th.e company, and if no other time and place is prescribed or if the time for holding any such meeting in any year ::.;hould pass without such meeting; being duly asr;emhled, the dirceLors are ('IrlJlowered to fix a time and place for holding same.

A board of not less than five and not more than nine directors as deter mined by the by-law::; of the cmupnny (whieh by-law::; may also determine the number of directors who shall form a quorum for the transaction of business) shall be elected at such annual meetin,g for the management of the company's bur:-;iness. The by-laws of the company may prescribe other times, places and means for electing directors of the company. Directors may hold office without regard to their residence. 7.

Rpecial general meetings of the shareholders of the company may be held at such places in Alberta, and at 1'3uch time and in such mapner aiid for such purposes, as may be provided for by the by-laws of the company. 8. The company may lay out, con;;truct and operate a line of railway of the gauge of four (4) feet, eight and one-half (831) inches from a point on the Canadian N orthem Alberta Railway at or near the junction of Solomon Creek with the Athabasca River; thence northerly and westerly to a point at or near the junction of Sheep Creek with Smoky River; thence northerly to a point at or near Dunvegan. 9.

The company may issue bonds, debentures or otber securities to the extent of thirty-five thomand dollars ($35,000) per mile of railway, and such bonds, debentures or other securities may be issued only in proportion to the length of the railway constructed or under contract to be constructed. 10.

The several clauses of The Railway Act, except subsection two of paragraph twenty, shall be and the same are hereby incorporated with this Act, a.nd the same shall form a part of and be construed with this and as forming one Act, and the same shall apply to the company and to the railway to be constructed by it, excepting in so far as tJlC said elauses are expressly varied by this Act or are inconsistent with the express enactments hereof, and the expression "this Act" when used herein shall be understood to include the clauses of The Railu·ay Act as aforeasid. 11.

The company shall at all stations upon their railway always permit the loading of grain into cars from farmers' vehicles or flat warehouses, subject to reasonable regu lations to be made by the said company, and :-hall at all reasonable times afford proper facilities therefor. 12. The company may enter into agreements with any other company authorized to contract with it, for the selling, leasing or convey~ng to such company the railway and undertaking of the company in whole or in part, or for

3 purchasing or leasing from such other company the railway and un~e;rtaking of such company in whole or in part or for amalgamation. 13. The com;t.ruction of the railway hereby authorized shall be .commenced within two years and shall be com pleted within five years from the date of the coming into force of this Act. · 14.

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 13uch bridges as shall be necessary or convenient for the use of said railway, not being bridges ov.er any navigable river or rivers, unless s,uch bridge or bridges over f'lUch navigable rivers or waters has or have been authorized by the Governor General in Council. 1.5. This Act shall come into force on the day it is assented to.

No. 27 'rHIRD SESSION THIRD LEGIHLATURE 5 GEORGE V 1 91 5 BILL

An Act to incorporate Smoky Valley and Peace River Railway Com pany. Received and read the First time .................. . Second time . . . . . . .. . Third time ................... . MR. PUFFER. EDMONTON: J. W. JEJ'JI'ERT, Government Printer A. D. 1915. Title: 1915 (3rd, 3rd) Bill 27,

An Act to incorporate Smoky Valley and Peace River Railway Company

Document details

Collection	Alberta — Bills
Citation	L3 S3 10241
Type	bill
Volume / chapter	L3 S3 10241
Language	en
Format	json
Source	PROVINCIAL
Identifier	e5d1f139f932db73a1d4132dd5c7ef06d6573a30

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