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CHAP. 45.

An Act respecting the Great North-west Central
Railway Company.

WI

[Assented to 29th June, 1897]

IIEREAS the Great North-west Central Railway Com- Preamble. pany has, by its petition, represented that the time limited by chapter forty-eight of the statutes of 1895 for the construc- 1895, c. 48 tion of the first portion of the extension of the said Company's railway is about to expire, and that the time limited by the said Act for the complete construction of the said Company's railway is insufficient for such purpose; and whereas the said Company has prayed that the times named in the said Act for the construction of the said railway be extended, and it is expedient to grant the prayer of the said petition: Therefore Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:

of railway.

1. In lieu of the times limited by chapter forty-eight of the Timeextended statutes of 1895 for finishing and putting in operation that for completion part of the railway of the Great North-west Central Railway Company yet unconstructed to the Rocky Mountains, author- 1895, c. 48. ized by the charter of the said Company in the said Act mentioned, the said Company shall complete, before the end of the year one thousand eight hundred and ninety-eight, and during each year thereafter, such a portion of its railway, not less than twenty miles, as is from time to time prescribed by the Governor General in Council; otherwise the powers conferred upon the said Company by Parliament shall cease and be null and void as respects so much of the railway as then remains uncompleted.

2. The said Company may extend the main line of the rail- Extension to way from the point of commencement named in its Act of incor- Brandon. poration, to a point on the Northern Pacific and Manitoba Railway at or near Brandon, as if such last mentioned point had been named in the said Act as the point of commencement of the railway instead of a point on the Canadian Pacific Railway; provided that the said Company shall make and so prose- Proviso

Power of Parliament as to future legislation.

cute the necessary applications to the Railway Committee of the Privy Council for power to cross the Canadian Pacific Railway and to effect a junction and interchange of traffic with the Northern Pacific and Manitoba Railway, that the extension and junction hereby authorized may be completed within the time named in this Act for the completion of the next twenty miles of the present chartered line of the said Great North-west Central Railway.

3. Any Act hereafter passed for the purpose of controlling railway companies incorporated by or subject to Parliament as to the issuing of stock or bonds, and as to rates or tolls and the regulation thereof, and as to running powers over or other rights in connection with the railway of any company by any other company, and the exercise of powers conferred upon railway companies, shall apply to the Great North-west Central Railway Company from the time such Act goes into effect; but this section shall not be construed to imply that such Act would not apply to the said Company without the enactment of this section.

OTTAWA Printed by SAMUEL EDWARD DAWSON, Law Printer to the Queen's most Excellent Majesty.

CHAP. 46.

An Act to incorporate the Hudson's Bay and Yukon
Railways and Navigation Company.

[Assented to 29th June, 1897.]

WHEREAS a petition has been presented praying for the Preamble.

incorporation of a company to construct and operate railways as hereinafter set forth, and it is expedient to grant the prayer of the said petition: Therefore Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:

1. Charles Thompson Harvey, Stapleton Caldecott, the Incorpora Honourable Samuel Hume Blake, John Woodburn Langmuir, tion. Robert Kilgour, James Kirkpatrick Kerr and James Scott, all of the city of Toronto, together with such persons as become shareholders in the company hereby incorporated are hereby constituted a body corporate under the name of "The Hudson's Corporate Bay and Yukon Railways and Navigation Company," herein- name. after called "the Company."

2. The head office of the Company shall be in the city of Head office. Toronto, but may be changed to such other place in Canada as is fixed by by-law passed at any annual general meeting or at any special meeting of shareholders duly called for that purpose.

3. The Company may lay out, construct and operate a rail- Line of railway of the gauge of four feet eight and one-half inches, from a way described point on Chesterfield Inlet in the north-west part of Hudson's Bay, in the North-west Territories, to a point on the Great Slave Lake, or any navigable water connected therewith, and from a point on the Mackenzie River to a point on the Porcupine or Yukon Rivers, or to or from a point on the tributaries or branches of any such rivers, or any navigable waters in the territory lying between the waters aforesaid.

4. The persons mentioned by name in the first section of Provisional this Act are hereby constituted provisional directors of the directors. Company.

Capital stock

and calls thereon.

Annual meeting.

Election of directors.

Amount of bonds, etc., limited.

Powers of
Company.

Control
vessels,

Carry passen gers and freight,

Construct

docks, warehouses, etc., Generate electricity.

Acquire patent rights.

Time limited for construction of railway.

Power of Parliament as to future legislation.

5. The capital stock of the Company shall be two million dollars, and may be called up by the directors from time to time, as they deem necessary; but no one call shall exceed ten per cent on the shares subscribed.

6. The annual general meeting of the shareholders shall be held on the third Wednesday in September in each year.

7. At such meeting the subscribers for the capital stock assembled who have paid all calls due on their shares shall choose not less than seven nor more than twelve persons to be directors of the Company, one or more of whom may be paid directors.

8. The Company may issue bonds, debentures or other securities to the extent of twenty thousand dollars per mile of the railway and branches, and such bonds, debentures or other securities may be issued only in proportion to the length of railway constructed or under contract to be constructed.

9. The Company may, for the purpose of its business, and in connection with its railways,

(a.) construct, acquire, charter, control, equip and dispose of steam and other vessels upon Hudson's Bay, Great Slave Lake, the Mackenzie River, Porcupine River and the Yukon River, and upon the lakes and streams forming part thereof or tributary thereto, and may contract for and undertake the transport by water of passengers and freight, and may construct, acquire, and sell wharfs, docks, elevators, warehouses and other works for facilitating transportation for passengers or freight upon or across the said rivers, lakes and streams;

(b.) acquire and utilize water and steam power for the purpose of compressing air or generating electricity for lighting, heating and motor purposes, and may dispose of power gener ated by the Company's works and not required for the undertaking of the Company;

(c.) acquire exclusive rights in letters patent, franchises or patent rights and again dispose of the same.

10. The railways hereby authorized shall be commenced within three years and finished and put in operation within seven years, and fifteen per cent on the amount of the capital stock shall be expended thereon within three years, from the passing of this Act, otherwise the powers granted by this Act shall be null and void as respects so much of the railways as then remain uncompleted.

11. Any Act hereafter passed for the purpose of controlling railway companies incorporated by or subject to Parliament as to the issuing of stock or bonds, and as to rates or tolls and the regulation thereof, and as to running powers over or other

rights in connection with the railway of any company by any other company, and the exercise of powers conferred upon railway companies, shall apply to the Company from the time such Act goes into effect; but this section shall not be construed to imply that such Act would not apply to the Company without the enactment of this section.

OTTAWA: Printed by SAMUEL EDWARD DAWSON, Law Printer to the Queen's most Excellent Majesty.

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