Proviso. Capital stock. in the Province of Quebec, necessary for the use and occupation of the said corporation for the purposes for which it is incorporated, and may mortgage, sell, alienate, and dispose of the same, and may acquire others in their place, for the same purposes at all times as the said corporation shall deem proper to do so, but the annual value of such immovable property shall not exceed ten thousand dollars 2. The capital stock of the said corporation shall be ten thousand dollars, divided into one thousand shares of ten Power to in- dollars, with power to increase it to the sum of twentyfive thousand dollars, upon the vote of the majority of the shareholders, at any meeting of the latter specially called for the purpose, or at any other general meeting, the notice convening which sets out that special purpose. crease. Directors may open stockbook and re 3. The directors or the majority thereof may open a stock-book and receive subscriptions from persons wishceive subscrip- ing to become shareholders in the corporation, and may also allot among such persons the number of shares which each of them may hold in the said capital stock. tions, &c. Constitution, ration. 4. The constitution, rules and by-laws, which are actually &c., of corpe in force relative to the admission and expulsion of members, the administration and gen ral management of the affairs of the said association, in so far as they are not incompatible with the laws of this Province, shall be the constitution, rules and by-laws of the corporation hereby constituted, provided always that the said corporation may, from time to time, modify, repeal and change, in whole or in part, such constitution, rules and by-laws in the manner prescribed by the constitution, rules and by-laws of the said corporation. Members not personally liable. poration. 5. No member of the corporation shall be responsi ble personally for the debts thereof. Application of 6. The rents, revenues and profits accruing from all funds of cor- kinds of immovable property belonging to the corporation shall be applied and employed exclusively to its use, for the construction and repairing of buildings necessary for the purposes of the corporation and for the payment of the expenses which may be legitimately incurred for all the objects before mentioned. Present officers 7. The officers of the said association shall remain in of association. office and continue to fulfil their respective duties, until they shall have been replaced according to the constitution, rules and by-laws thereof. a filiated. 8. Any other Snow Shoe Club may be affiliated with the other clubs Club incorporated by this act, upon the conditions arranged may become between them by resolutions of their respective boards of directors, to be approved subsequently by the majority of the members present at a general meeting of the members of such clubs, specially called for that purpose in the usual manner of calling general meetings. tion. 9. Such affiliation shall have the effect of conferring, on Rights upon the members of the club so affiliated, the privileges, rights such affiliaand advantages, and of imposing on them the duties and obligations stipulated in the said resolutions. fund may be 10. The committee of management of the said club may Benevolent make such by-law as they think proper, for the purpose constituted. of creating a benevolent fund in order to assist its members who might become sick, as well as the widows and children of deceased members; but such by-law shall not come in force until three months after its approval by the majority of the members present at a general meeting called for that purpose. 11. The said corporation shall be bound to send a state- Return to Lement of its affairs to the Lieutenant Governor in Council, gislature. annually within the first twenty days of each session. 12. This act shall come into force on the day of its Coming into sanction. . force. CAP. LVIII. An Act to authorize the Victoria Skating Club to increase its capital stock. [Assented to 9th May, 1885.] HEREAS " The Victoria Skating Club" hath, by its Preamble. W petition, represented that was incorporated by the Act 25 Victoria, chapter 101; that its capital of twenty thousand dollars, divided into four hundred shares of fifty dollars each, has long since been subscribed and paid up; that it has erected a large and costly Skating Rink in the city of Montreal; that since the inception of the Club large sums, from time to time, taken from income, have been expended in permanent improvements, and the said rink and the land upon which it stands are now worth fifty thousand dollars; that shareholders enjoy special privileges in connection with the enjoyment of the rink, and many of the present shareholders only hold one share and desire to Capital stock increased. Issue and new stock. extend to other members of their families the aforesaid special privileges; and that, for the foregoing reasons and because of the enlarged interest it will create in the club, an increase of the capital stock is desirable; and whereas the said corporation is not in the nature of a commercial corporation; Therefore, Her Majesty, by and with the advice and consent of the Legislature of Quebec, enacts as follows: 1. The capital stock of the company is hereby increased to and shall hereafter be the sum of forty thousand dollars, divided into shares of fifty dollars each. 2. The directors of the said club are hereby authorized allotment of to and shall issue and allot the new shares hereby created to the persons who may be holders of the stock of the company at the time of the passing of this act, in the proportion of one share for each share possessed by the said hold Manner of issue, &c. ers. The said allotment may be made by way of bonus or upon such terms as the directors shall by resolution determine. Preamble. CAP. LIX. An Act to incorporate the " New England Paper Company.' WH [Assented to 9th May, 1885.] HEREAS the persons hereinafter named have petitioned for an act of incorporation for the purpose of enabling them to manufacture and deal in pulp, paper, stationery and printers' supplies, bark extracts and dyestuffs, and it is expedient to grant their prayer; Therefore, Her Majesty, by and with the advice and consent of the Legislature of Quebec, enacts as follows: Certain persons 1. John Brooks Young, Arthur G. Walton and Selim S. incorporated. White, all of Boston, and Harrison Brooks Young, of St. Leonards, in the State of Massachusetts, and Joshua Norton, of Portneuf, in the Province of Quebec, and such other persons as now are or hereafter may become shareholders in the undertaking, are hereby constituted a body corporate and politic in law and in fact, by the name of the "New England Paper Company." Name. Capital stock. 2. The capital stock of the company shall be one hundred thousand dollars, in one thousand shares of one hundred dollars each, and may be increased, from time to time, to upon. thereof. pany. 3. The company shall have power to carry on the busi- General ness of paper manufacturers and dealers in paper and the powers of commanufacture of bark extract and dye-stuffs, to make, manufacture, buy and sell pulp, wood-pulp, paper, stationery and printers' supplies, bark, dye-stuffs, and all other goods, materials, machinery, and plant required or necessary in connection with the business of paper manufacturers, or general paper business, and the business of manufacturers of bark extracts and dye-stuffs; and the company may hold and lease all other property required for or used in its business, and for these purposes may erect, build, purchase, lease, establish and carry on manufactories, warehouses, offices, shops, buildings and other establishments at any place or places in the province, and shall have power generally to do and preform all other necessary matters and things connected with and necessary to promote those objects. 4. The said John Brooks Young, Arthur G. Walton, Selim Provisional S. White, Harrison Brooks Young and Joshua Norton shall directors. be provisional directors of the company, of whom a majority shall form a quorum, and shall hold office until the first election of directors, as hereinafter provided; It shall be their duty to open stock-books and procure Opening of subscriptions for the undertaking, to allot stock to the stock-books and subscripsubscribers thereof, to call a general meeting of share- tions to stock. holders for the election of directors as herein provided, and generally to do all such other acts as shall be necessary for the organization of the company. 5. So soon as one hundred thousand dollars of the capi- First meeting tal stock of the company shall have been subscribed and for election of directors, &c. ten per cent paid thereon, the provisional directors, or a majority of them, shall call a meeting of the shareholders at such time and place in the parish of Portneuf aforesaid as they may think proper, giving at least three weeks' notice in the Quebec Official Gazette; at which general meeting the shareholders, present in person or by proxy (the holder of any such proxy being a shareholder) shall elect, by ballot, five of their number to be directors; and from and after the completion of such election, the powers and functions of the provisional directors shall cease and determine. Power of provisional directors to accept pay in certain manner. 6. The provisional directors, or the directors of the company, on behalf of the company, may receive in payment of any and all stock subscribed for in the company, ment of stock real estate, mills, machinery, plant, implements, tools, goods, raw material (required for the purposes of the company) the business, mills, manufactory, water-power, plant and machinery or any part or portion thereof of any person, persons, firms or corporations carrying on a paper, bark extract or dye-stuffs' business in this Province, and may issue to such person or persons so giving, selling and transferring the same or any portion thereof, fully paid up shares and stock of the capital of the company in payment therefor, and which said shares or stock when so issued shall thereafter be unassessable. Annual meeting when held. Principal office. Agencies. directors. 7. The annual meeting of the shareholders of the company shall be held at its principal office, for the transaction of general business and the election of directors, at such time as shall be fixed by the by-laws of the company. 8. The principal office of the company shall be at the parish of Portneuf or such place in the Province of Quebec as may by by-law be fixed, at which all services required to be made in this Province on the company may be made; such domicile to be fixed by by-law and to be registered in and with the declaration required, by the act 40 Victoria, chapter 15 and the act 45 Victoria, chapter 47, to be made by corporations. The company may establish agencies or branch offices in any part of the province. Aliens may be 9. Aliens may become directors of the company, provided they are otherwise qualified and hold at least ten shares in its capital stock. Coning into force. 10. This act shall come into force on the day of its sanction. Preamble. CAP. LX. An act to incorporate the Montreal Union Abattoir Company. WH [Assented to 9th May, 1885.] HEREAS, by Letters Patent bearing date the ninth October, one thousand eight hundred and eightyfour, issued under the Great Seal of the Province, under the provisions of the Joint Stock Companies Incorporation |