7. The annual general meeting of the shareholders of the company shall be held on the first Monday in April in each year or at such other time as the directors of the company may determine.

8. At such meeting the subscribers for the capital stock assembled who have paid all calls due on their shares shall choose a number of persons not less than seven (7) and not more than fifteen (15) to be directors of the company, one or more of whom may be paid directors of the company.

9. The company may issue bonds, debentures or other securities to the extent of twelve thousand ($12,000.00) 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 the railway constructed or under contract to be constructed.

10. The company may enter into an agreement with another company or companies for conveying or leasing to such company or companies the railway of the company hereby incorporated, in whole or in part, or any rights or powers acquired under this Act, as also the surveys, plans, work, plant, material, machinery and other property belonging to it, or for an amalgamation with such company or companies, on such terms and conditions as are agreed upon, and subject to such restrictions as to the directors may seem fit; provided that such agreement has been first sanctioned by two-thirds of the votes at a special general meeting of the shareholders duly called for the purpose of considering the same, at which meeting shareholders representing at least two-thirds in value of the stock present in person or represented by proxy, and that such agreement has also received the approval of the Lieutenant Governor in Council.

11. The company shall have power to make and formulate by-laws for the internal management of the affairs of the company and the duties of the officers thereof to be approved and adopted at a special general meeting of the shareholders of the company and to be approved of by the Lieutenant Governor in Council.

12. 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 regulations to be made by the said company and approved by the Lieutenant Governor in Council and shall at all reasonable times afford proper facilities therefor.

13. The company agrees to afford all reasonable facilities to any other railway company for the receiving and forwarding and delivery of traffic upon and from the line of railway belonging to or worked by such companies respectively, and the company shall not make or give undue or unreasonable preference or advantage to or in favour of any particular person or company, or any particular description of traffic, to any undue or unreasonable prejudice or disadvantage whatsoever, and the said company shall afford all due and reasonable facilities for receiving and forwarding by its railways all the traffic arriving by such other railway or railways without any unreasonable delay, and without any such preference or advantage or prejudice or disadvantage as aforesaid, so that no obstruction is presented to the public desirous of using such railway as a continuous line of communication, and so that all reasonable accomodation by means of the railways of the several companies is at all times afforded to the public in that behalf, and any agreement made between the company and any other company or companies contrary to this agreement shall be null and void.

14. The construction of the railway hereby authorized shall be commenced within six months and shall be completed within five years from the date of the coming into force of this Act; provided that a portion of the said railway, namely: From the point of commencement in the Town of Taber to the White Ash Mine, being a distance of about four miles, shall be completed and ready for operation before the first day of November, 1913.

15. The company shall also have power to purchase, have on lease or otherwise acquire, hold, use and occupy any lands, buildings or any interest therein, and to sell, lease or otherwise use the same in any manner the company may think necessary or convenient for the purposes of said company.

16. The company shall also have power for the purposes of its undertakings to construct and operate an electric telegraph line or lines and a telephone line or lines along the said railway for the purposes of said company; and to construct and maintain such bridges as shall be necessary or convenient for the use of said railway.

1913

CHAPTER 45.

An Act respecting the Bow River Collieries Railway

Company.

(Assented to March 25, 1913.)

WHEREAS a petition has been presented praying that

it be enacted as hereinafter set forth, and it is expedient to grant the prayer of said petition;

Therefore His Majesty, by and with the advice and consent of the Legislative Assembly of the Province of Alberta, enacts as follows:

1. Notwithstanding anything contained in The Railway Act, or in chapter 28 of the Statutes of the Province of Alberta, 1908 (being An Act to Incorporate the Bow River Collieries Railway Company), and notwithstanding chapter 21 of the Statutes of Alberta, 1910, passed by the Legislative Assembly of the Province of Alberta at the first session thereof, the time limited for the construction of the said railroad shall begin to run from the first day of July, 1913, and for the purposes of section 68 of The Railway Act, the date of the incorporation of said railway company shall be deemed and taken to be the first day of July, 1913.

1913

CHAPTER 46.

An Act to Incorporate the Central Canada Railway

Company.

(Assented to March 25, 1913.)

WHEREAS a petition has been presented praying for the incorporation of a company to construct and operate certain lines of railway, 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 Legislative Assembly of the Province of Alberta, enacts as follows:

1. J. D. McArthur, of Winnipeg, in the Province of Manitoba, railway contractor; John K. McLennan, of Edmonton, in the Province of Alberta, railway manager; A. C. Galbraith, of Edmonton, Alberta, railway official; Sydney B. Woods, of Edmonton, Alberta, one of His Majesty's Counsel, and James T. J. Collisson, of Edmonton, Alberta, barrister, together with such persons as become shareholders in the company, are hereby constituted a body corporate under the name of Central Canada 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 the Province of Alberta as the company or the provisional directors of the company may by by-law pre

scribe.

3. The persons mentioned by name in the first section of this Act are hereby constituted the first and provisional directors of the company and until the election of the board of directors at the annual meeting, they shall have all the powers of the board.

4. The capital stock of the company shall be two million five hundred thousand dollars ($2,500,000) divided into twenty-five thousand shares of one hundred dollars ($100) each, and may be called up by the directors from time to time as they deem necessary, but no call shall exceed ten (10) per cent. on the shares subscribed.

5. The annual meeting of the shareholders of the company shall be held on such day in the year as the board of directors may appoint, and at such meeting the shareholders assembled in person or by proxy shall choose not less than five nor more than nine persons to be the board of directors of the company.

6. The company may lay out, construct and operate the following lines of railway of the gauge of four (4) feet and eight and one-half (82) inches, namely:

A line from a point in townships seventy-four (74) or seventy-five (75), range eighteen (18) or nineteen (19) west of the fifth principal meridian, to or near Peace River Landing; thence in a generally westerly direction to a point in township eighty-one (81), range four (4) west of the sixth principal meridian, and a branch line from the vicinity of Peace River Landing northerly towards the Battle River to a point that will when surveyed approximate to a point in township ninety-four (94), range twenty-two (22) west of the fifth principal meridian.

7. The company may issue bonds, debentures, stock or other securities to the extent of thirty thousand dollars ($30,000) per mile of the company's railways and the same may be issued from time to time in proportion to the length of railway constructed or under contract to be constructed.

8. The company may, subject to the approval of the Lieutenant Governor in Council, enter into agreements with any other railway or railway company by whatsoever legislative jurisdiction incorporated, for the selling, leasing or conveying to such company the railways and undertaking of the company in whole or in part, or for purchasing or leasing from such company the railways and undertaking of such company in whole or in part or for amalgamation.

9. The several clauses of The Railway Act shall be and the same are hereby incorporated with this Act and the same shall form a part of and be construed with this Act as forming one Act and the same shall apply to the company and to the railway to be constructed by it except in so far as the said clauses are expressly varied by this Act or are inconsistent with the express enactments hereof and the expression "Act" when used herein shall be understood to include the clauses of the said Railway Act not expressed.

10. The construction of the railway hereby authorized shall be commenced within two years and shall be completed within five years from the date of the coming into force of this Act.

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