Whereas the company was incorporated by Act of the Legislative Assembly of Saskatchewan, assented to on March 14, 1911, and intituled "An Act to incorporate The Saskatchewan Co-operative Elevator Company";

And whereas under clause 3 of the said Act the capital stock of the company so far consists of the amount one million five hundred thousand dollars, fixed by the Lieutenant Governor in Council, but such amount may be varied as provided by the said Act;

And whereas (amount of subscriptions at date of agreement to be inserted) dollars of the said capital stock have been subscribed and (amount of paid up subscriptions at date of agreement to be inserted) dollars have been paid under such subscriptions, the unpaid amount being (amount of unpaid subscriptions at date of agreement to be inserted) dollars, the said capital stock so subscribed being represented by shares numbered one to (number of last share issued to be inserted), inclusive;

And whereas the company has called up only fifteen per cent. of the amount of stock already subscribed, leaving uncalled upon its subscribed capital stock eighty-five per cent. of the amount thereof;

And whereas under the provisions of the said Act the government may lend money to the company;

And whereas the bank has lent certain moneys to the company and will lend other moneys and the government has (subject to the confirmation by the Legislature) guaranteed the payment by the company to the bank of such advance and interest, its liability however being limited to the payment of the sum of three hundred and seventy-five thousand dollars; And whereas as part security to the government for the repayment of any advances and interest which the government has made or may make to the company under the authority of the said Act or otherwise and to secure to the government the repayment of any moneys and interest which the government may pay under its said guarantee, and to secure to the bank repayment of its advances and interest, the company has agreed to pledge its uncalled capital stock as hereinafter set out;

Now this agreement witnesseth:

1. The company hereby charges and pledges in favour of the bank one-half of its uncalled subscribed capital as above set out, and the company hereby charges and pledges to the government the remaining half of such uncalled subscribed capital and the Government hereby consents to the said charge and pledge hereby made by the company to the bank and waives in favour of the bank so much of its interest in the said uncalled subscribed capital acquired by virtue of any previous agreement as may be necessary to give effect to the same.

2. Without the consent of the bank and the government, the company shall not call up more than fifteen per cent. of its subscribed capital from time to time, but if default be made in payment by the company to the bank of any of the said present or future advances and interest, or if default be made in payment by the company to the government of any advances made or to be made by the government and interest, then the company shall, upon the request of either the bank or the government, make calls in due form upon the holders of the shares representing such uncalled capital to such amounts in all as may be required to pay in full the entire indebtedness of the company to the bank and to the government, and the amount of said calls and the indebtedness to the company represented thereby shall be and is hereby assigned to the bank and to the government, jointly as security as aforesaid, and the payment of said calls may be enforced and collected by either the bank or the government in the name of the company.

3. It is agreed that the bank shall be entitled to the first moneys received upon all calls until it has received (if required for its payment in full) a sum equal to one-half the amount of the aforesaid total uncalled subscribed capital, and that the government shall be entitled to receive the balance collected from such uncalled subscribed capital or so much of the said balance as may be necessary for its payment in full.

4. Should the company be placed in liquidation under any Winding-up Act, the said uncalled subscribed capital of the company shall be called in in due course, and the amounts received upon such calls by the liquidator or other authority shall belong to the bank and the government respectively, in accordance with their respective interests therein as declared by the last preceding paragraph hereof.

In witness whereof the company has caused to be affixed hereto its corporate seal attested by the signature of its proper officers in that behalf, and the bank has caused to be affixed hereto its corporate seal attested by the signature of its proper officers in that behalf, and the government has caused to be affixed hereto the hand and seal of the Honourable George Alexander Bell, provincial treasurer, on the day and year first above written.

1910-11

c. 39,

1912-13

CHAPTER 44

An Act to amend An Act to incorporate The
Saskatchewan Co-operative Elevator Company.

[Assented to January 11, 1913.]

IS Majesty by and with the advice and consent of the
Legislative Assembly of Saskatchewan enacts as follows:

1. Section 3 of An Act to incorporate The Saskatchewan Co8. 3 amended operative Elevator Company is amended by striking out the word "ten" between the words "than" and "share" in the fifth line thereof and substituting therefor the word "twenty:"

8. 20 (2) amended

S. 23 amended

2. Subsection (2) of section 20 of the said Act is amended by striking out the word "six" between the words "than" and "per" in the fourth line thereof and substituting therefor the word "ten."

3. Section 23 of the said Act is amended by adding after the word "company" at the end thereof the words "or such other officers as are appointed by the board of directors for that purpose."

HIS

1912-13

CHAPTER 45

An Act to amend The Liquor License Act.

[Assented to January 11, 1913.]

[IS Majesty by and with the advice and consent of the Legislative Assembly of Saskatchewan enacts as follows:

1. Paragraph 10 of section 2 of The Liquor License Act is R.S.S. 1909, repealed and the following substituted therefor:

c. 130, s. 2, par. 10 repealed;

"Liquor"

"10. 'Liquor' or 'liquors' means and includes every spiritu- new par 10 ous and every fermented and every malt liquor and every wine and any and every combination of liquors and drinks or preparations or mixtures capable of human consumption which is intoxicating and any mixed liquor or liquid capable of being used as a beverage and part of which is spirituous or otherwise intoxicating.

"(2) Any liquor which contains more than two and a half per centum of proof spirits shall be conclusively deemed to be intoxicating."

2. Section 2 of the said Act is further amended by adding S. 2 amended thereto the following as paragraph 19 thereof:

par. 19 added

constable"

"19. 'Provincial constable' means a constable or person "Provincial appointed under the provisions of section 2 or 3 of The Constables Act."

3. The said Act is amended by inserting therein after s. 5a added section 5 thereof the following section as section 5a thereof:

by Lieutenant

"5a. The Lieutenant Governor in Council may from time to Regulations time make regulations not inconsistent with the provisions of Governor in this Act for carrying into effect the provisions hereof and for Council greater certainty, but not so as to restrict the generality of the foregoing provisions of this section, for regulating and determining the matters following, that is to say:

"(a) For defining the conditions and requirements in addition to the requirements of this Act which shall be requisite to obtain licenses under this Act;

"(b) For regulating licensed premises.

"(2) Every regulation made by the Lieutenant Governor Publication in Council under this Act shall be published in The Saskatchewan

of regulations