CHAP. 117. An Act to incorporate the Ottawa Terminals Railway Company. [Assented to 27th April, 1907.] WHEREAS a petition has been presented praying that it be Preamble. enacted as hereinafter set forth, and it is expedient to grant the prayer of the said petition: Therefore His Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows: 1. Charles M. Hays, Earl H. Fitzhugh, Frank Scott, IncorporWilliam Wainwright and William H. Biggar, all of the city of ation. Montreal, together with such persons as become shareholders in the Company, are hereby incorporated under the name of Corporate "The Ottawa Terminals Railway Company," hereinafter called name. "the Company." 2. The undertaking of the Company is hereby declared to be Declaration. a work for the general advantage of Canada. directors. 3. The persons named in section 1 of this Act shall be the Provisional provisional directors of the Company, and should any provisional director die or resign before the first election of directors, the vacancy may be filled by the remaining provisional directors. 4. The capital stock of the Company shall be one million Capital stock. dollars. No one call thereon shall exceed ten per cent on the Calls. shares subscribed. 5. The head office of the Company shall be in the city of Head office. Ottawa. 6. The annual meeting of the Company shall be held on the Annual last Tuesday in September. meeting. Directors. Executive committee. Powers. Union passenger station. Enlargement and renewal. Hotels, etc. R. S., c. 37. Telegraph and telephone agreements. Transfer service. Shares in other companies. Power to Company 7. The number of directors shall be not less than five nor more than nine, one or more of whom may be paid officers of the Company. 8. The directors may annually appoint from among themselves an executive committee composed of three directors, for such purposes and with such duties as the directors determine by by-law, and the president of the Company shall be ex officio a member of such committee. 9. The Company may, for the purposes of its undertaking, acquire all lands or interests therein, rights and easements, which the directors consider requisite or desirable; and may construct, provide, maintain and operate at the city of Ottawa a central union passenger station with such buildings, structures, tracks, sidings, connections, equipment, appliances for the supply of heat, light, water and power, terminal and other facilities, as are suitable or advantageous for the efficient, expeditious and economical handling and interchange of all passenger, express and mail traffic of such railway companies as may desire to use the said station and facilities, or for the convenience and accommodation of all business usually appertaining to a union terminal passenger station; and may, from time to time thereafter, enlarge, improve, renew and increase such passenger station, buildings, structures, tracks, sidings, connections, equipment, appliances and terminal and other facilities, in such manner and to such extent as the business of the Company renders expedient; and, in connection with its undertaking, may erect, manage or control hotels, restaurants, offices, shops, storage and other rooms and conveniences, and lease the same or any portion thereof; and may, subject to the provisions of The Railway Act, enter into agreements with any telegraph or telephone company respecting the installation of its apparatus in and about the said station and other buildings, the carrying on of the business of any such company therein, and the payment of such rents, tolls and charges therefor as are from time to time fixed by the Company and approved by the Governor in Council, upon the report of the Board of Railway Commissioners for Canada; and may establish and operate for hire a service for the conveyance and transfer of passengers and baggage by means of omnibuses, cabs, or other road conveyances; and may acquire, hold, guarantee, pledge and dispose of shares in any company having for one of its objects the establishment or operation of such a service. 10. The Canada Atlantic Railway Company is hereby empowered to sell, assign, transfer and convey to the Company upon such terms, conditions, and for such considerations as may be agreed upon between the directors of the said companies respectively, so much of any lands in the city of Ottawa owned or leased by that company, or such right, title or inter est therein or there to held or enjoyed by that company, as the directors of the Company deem it expedient or advisable to acquire for the purposes of its undertaking, including all the right, title and interest of the said the Canada Atlantic Railway Company in and to the whole or any portion of certain lands in the said city demised and leased by Her late Majesty Queen Victoria to the Ottawa, Arnprior and Parry Sound Railway Company by certain letters patent under the Great Seal of Canada bearing date respectively the sixth day of June, A.D. 1895, the thirty-first day of July, A.D. 1895, and the second day of March, A.D. 1896, and now held by the Canada Atlantic Railway Company as successors by amalgamation of the said the Ottawa, Arnprior and Parry Sound Railway Company, subject to the rental in said leases reserved, and upon and subject to the provisoes, stipulations, terms and conditions therein contained, as varied, waived, amended and modified by a certain agreement entered into between His Majesty King Edward the Seventh, therein represented by the Honourable the Minister of Railways and Canals of Canada, and the Canada Atlantic Railway Company, bearing date the fifteenth day of January, A.D. 1907; provided that any such assignment, transfer or conveyance of the said leased lands, or any portion thereof, shall be subject to all the obligations contained and set forth in the said leases as modified by the said agreement of the fifteenth January, 1907. release of a and trust. 11. In addition to the powers conferred upon the Royal Provision for Trust Company (the trustee named therein) by the mortgage certain and deed of trust entered into between the Canada Atlantic mortgage Railway Company, the Royal Trust Company and the Grand Trunk Railway Company of Canada, dated the eighteenth day of May, 1905, the said trustee may release and discharge from the said mortgage and deed of trust any lands, or any interest therein, which the Canada Atlantic Railway Company is by this Act empowered to sell, assign, transfer and convey to the Company, for such consideration, upon such terms, and upon such conditions, respecting the application of the proceeds arising from the sale, assignment, transfer or conveyance of the said lands, or of any interest therein, or respecting the application of any securities acquired from the Company as the consideration, or in part consideration, for such sale, assignment, transfer or conveyance, as may be agreed upon, between the Canada Atlantic Railway Company, the Grand Trunk Railway Company of Canada and the said trustee. Grand Trunk 12. The Grand Trunk Railway Company of Canada is also Power to hereby empowered to sell, assign, transfer and convey to the Ry. Co. of Company, upon such terms and conditions and for such considerations as may be agreed upon, so much of any lands in the certain lands. city of Ottawa owned by, or such right, title or interest therein Canada to convey Agreements between certain companies, Agreements with other companies. Issue of securities. Power to certain other hold stock or thereto held or enjoyed by the said company, as the directors of the Company deem it expedient or advisable to acquire for the purposes of its undertaking; and any conveyance to the Company of any such lands or any interest therein duly executed by the Grand Trunk Railway Company of Canada shall vest in the Company the right, title, estate and interest of the Grand Trunk Railway Company of Canada in the lands therein set out and described in such conveyance, freed and discharged from all securities, charges and encumbrances, if any, of every kind and nature whatsoever created or made a charge thereon by the Grand Trunk Railway Company of Canada, or to which the same may have become subject by virtue of the provisions of any Act affecting the Grand Trunk Railway Company of Canada passed before the execution of such conveyance. 13. The Company and the Canada Atlantic Railway Company and the Grand Trunk Railway Company of Canada are hereby respectively empowered to enter into agreements respecting the use of the whole or any part of the undertaking and property of the Company for such considerations and upon and subject to such terms and conditions as may be agreed upon between the directors of the companies parties to such agreement; and any such agreement shall, upon being approved and sanctioned by the Governor in Council, be effective for the purposes therein set forth and binding upon the parties thereto. 14. The Company may also enter into agreements with any other company in Canada so empowered, respecting the use of the said station and the tracks and sidings necessary to be used as approaches thereto, upon such terms and conditions as may be agreed upon between such company and the Company, or, in case of difference, upon such terms and conditions as may be determined by the Governor in Council. 15. The Company may issue bonds, debentures or other securities to an amount not exceeding in the whole three million dollars, or the equivalent thereof in sterling money of Great Britain, and may secure the same by a mortgage upon the whole or part of the property, assets and revenues of the Company. Any such bonds, debentures or other securities may be issued, in whole or in part, in the denomination of dollars or of pounds sterling, and may be made payable to bearer, both as to principal and interest, in Canada, the United States, or Europe. 16. The Canada Atlantic Railway Company and the Grand companies to Trunk Railway Company of Canada are hereby respectively empowered to subscribe for, take and hold shares of the capital stock of the Company from time to time issued; and the said bonds, etc., companies, from time to time, jointly or severally, for such of, and guarantee of this considerations and upon such terms and conditions as the directors of the said companies and of the Company respectively agree upon, may guarantee the payment of the principal and interest of any bonds, debentures or other securities which may from time to time be issued by the Company for the purposes of its undertaking. 17. The Company may, subject to the sanction and approval By-laws. thereof by the Governor in Council, upon report by the Board of Railway Commissioners for Canada, make all such by-laws, rules and regulations as the directors of the Company deem necessary and proper for the control, management, working and use of the said Central Union Passenger Station and facilities appurtenant thereto, and of any other premises and property of the Company, including the use thereof by the public, and for the regulation of all vehicular traffic upon the said premises and property. 18. Except as herein otherwise provided, The Railway Act R. S., c. 37. shall apply to the Company and its undertaking. construction. 19. The plans and specifications for the construction of the Limit of said Central Union Passenger Station shall be submitted for time for approval to the Governor in Council on or before the fifteenth day of July, 1907, and the construction of the said passenger station shall be commenced within six months after the said plans and specifications have been approved by the Governor in Council, and shall be completed within two years after the date hereby fixed for the commencement of the said station. 20. Nothing in this Act contained shall add to or take from Savings any right of the city of Ottawa. OTTAWA: Printed by SAMUEL EDWARD DAWSON, Law Printer to the King's most Excellent Majesty. clause. City of Ottawa. |