and to hold the same in trust for distribution among the members of the Old Company as hereinafter provided, so that a member holding a fully paid share of the Old Company shall receive a fully paid share of the New Company, and a member holding a share of the Old Company not fully paid shall receive a share of the New Company paid up to the like amount, and if on said share of the Old Company there is owing any amount for premium, the share of the New Company shall be subject to the payment of the same amount for premium.

The New Company shall deliver to each shareholder of the Old Company, in exchange for and upon the delivery of a certificate with endorsed transfer thereof duly executed or share warrant for fully paid shares in the capital stock of the Old Company, a certificate representing an equivalent number of fully paid shares of the capital stock of the New Company. No certificate for shares in the capital stock of the New Company not fully paid or in respect of which there is any sum due for premium shall be issued until all sums due on said shares, whether for premium or otherwise, shall have been fully paid. From and after this Agreement coming into effect as hereinafter provided, the rights of the shareholders in the Old Company qua such shareholders shall consist only of and be limited to the right of each such shareholder to a certain number of shares in the capital stock of the New Company in the manner herein before set forth.

All of the shares of the Old Company transferred and delivered by the shareholders of the Old Company under the provisions hereof shall be held by the New Company, either in its own name or in the names of its nominees, to the intent that the whole of the stock of the Old Company shall be held by or on behalf of the New Company. The agreement dated the twenty-fourth day of December, 1912, between the parties hereto respecting the conveyance and assignment by the Old Company to the New Company of its business, rights, and properties in the Province of Saskatchewan is hereby ratified and confirmed.

This Agreement shall not come into effect until approved, ratified, and confirmed by the Legislature of the Province of British Columbia, and when so approved, ratified, and confirmed shall take effect for all purposes as and from the first day of January, 1913, and until then the business of the Old Company shall be carried on by the Old Company for and on behalf of the New Company.

Witness the corporate seals of the parties hereto attested by the signatures of their duly authorized officers.

The corporate seal of Dominion Trust)

Company, Limited, was hereto affixed in

Printed by WILLIAM H. CULLIN, Printer to the King's Most Excellent Majesty.

1913.

An Act to amend the " Okanagan Telephone Company's 1907, c. 55.

Act."

[1st March, 1913.]

W

HEREAS a petition has been presented by the Okanagan Telephone Company praying that the "Okanagan Telephone Company's Act," being chapter 55 of the Statutes of British Columbia, 1907, be amended:

And whereas 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 British Columbia, enacts as follows:

1. This Act may be cited as the "Okanagan Telephone Com- Short title. pany's Act Amendment Act, 1913."

2. Section 98 of the "Companies Clauses Act" shall not apply s. 98 of " Companies to this Company.

Clauses Act not to apply.

meetings to be held

3. Ordinary general meetings of the Company shall be held Ordinary general annually in the month of February in each year at some place to once in each year. be appointed by the directors.

4. Section 104 of the "Companies Clauses Act" shall not apply s. 104 of to this Company.

5. Seven members of the Company actually present and represent ing in person or by proxy six-tenths of the subscribed capital of the Company shall constitute a quorum at any ordinary or extraordinary general meeting of the Company; and if within one hour from the

Companies Clauses Act' not to apply.

time appointed for such meeting the said quorum be not present, no business shall be transacted at the meeting, other than the declaring of a dividend in case that shall be one of the objects of the meeting, but such meeting shall, except in the case of a meeting for the election of directors, as provided in the "Companies Clauses Act," be held to be adjourned sine die.

VICTORIA, B.C.:

Printed by WILLIAM H. CULLIN, Printer to the King's Most Excellent Majesty.
1913.

[1st March, 1913.]

W

WHEREAS a petition has been presented by Robert Abernethy, Preamble M. R. Ottley, W. T. Johnston, J. A. Clarke, and others, who are property-owners and residents within the boundaries of the land particularly described in section 4 hereof, praying that the Lieutenant-Governor in Council be authorized (without requiring observance of section 3 of the "Municipalities Incorporation Act"), by Letters Patent under the Great Seal, to incorporate into a city municipality, under the name of the "City of Port Moody," all that tract of land described in section 4:

And whereas it is expedient to grant the prayer of the petition : Therefore, His Majesty, by and with the advice and consent of the Legislative Assembly of the Province of British Columbia, enacts as follows:

1. This Act may be cited as the "Port Moody Incorporation Act." Short title.

City of Port Moody.

2. It shall be lawful for the Lieutenant-Governor in Council, by Incorporation of the Letters Patent under the Great Seal, without requiring observance of section 3 of the "Municipalities Incorporation Act," to incorporate into a city municipality forthwith, under the name of the "City of Port Moody" (hereinafter called "the City of Port Moody "), the tract of land described in section 4 of this Act.

to specify.

3. The letters patent shall, in specifying all matters referred What letters patent to in section 5 of the "Municipalities Incorporation Act," specify the matters contained in sections 5 to 14, both inclusive, of this Act, by incorporating the same therein in the manner set out in said last-mentioned sections, or to the like effect; and reference in said letters patent to said sections, or any of them, by their

Boundaries.

respective numbers for the purpose of incorporating the same therein shall be sufficient compliance with this section in respect thereto.

4. The City of Port Moody shall include all that tract of land situate in the New Westminster District, in the County of West minster, described as follows: Commencing at the point of intersection of the low-water line of the south shore of Burrard Inlet with the west line of District Lot 26, Group 1, New Westminster District, produced northerly; thence southerly and following the west boundaries of Lots 26, 103, 104, and Subdivision Lot “A” of the subdivision of Lots 54 and 55, Group 1, to the south-west corner of said Subdivision Lot "A"; thence east and following the south boundary of said Lot "A" and Lot "B" of said subdivision and south boundary of Lot 105 to the south-east corner thereof; thence northwardly and following the east boundary of said Lot 105 to the south-west corner of Subdivision Lot "A" of the southerly portion of Lot 377; thence east and following the south boundaries of Lots "A" and "B" of the subdivision of the southerly portion of Lot 377 to the south-east corner of said Lot "B"; thence southerly and following the west boundary of Lot 376 to the south-west corner of said lot; thence east and following the south boundary of said Lot 376 to the south-east corner thereof; thence northerly and following the east boundary of said Lot 376 to the south-west corner of Lot 375; thence east and following the south boundary of Lot 375 to the south-east corner of said lot; thence northerly and following the east boundary of said Lot 375 to the north-west corner of Lot 370; thence east and following the north boundary of Lot 370 to the south-east corner of Lot 190; thence north and following the east boundary of Lot 190 aforesaid to the south-west corner of Lot 235; thence east and following the south boundaries of Lots 235 and 233 to the south-east corner of said Lot 233; thence northerly and following the easterly boundary of Lot 233 to the north-east corner thereof; thence east and following the south boundary of Lot 470 to the south-east corner thereof; thence northerly and following the east boundary of said Lot 470 to the north-east corner thereof; thence west and following the north boundary of said Lot 470 to the south-east corner of Lot 348; thence northerly and following the east boundary of said Lot 348 to the north-east corner thereof; thence westwardly and following the northerly boundary of said Lot 348 to an intersection with the east boundary of Lot 228; thence southerly and following the east boundary of Lot 228 to the southeast corner thereof; thence westwardly and following the south boundary of said Lot 228 to the south-west corner thereof; thence north and following the east boundary of Lot 227 to the north-east corner thereof; thence west and following the northerly boundaries of said Lot 227 and Lot 226 to the north-west corner of said Lot