15th VICTORIA-CHAPTER 59. An Act to amend the Act to incorporate the Shediac Grindstone Manufacturing and Mining Company. Section. 1. Sections of what Act repealed. Section. 2. Capital stock, &c. Passed 3rd May 1853. Be it enacted, &c.-1. The second and eighth Sections of an Act made and passed in the thirteenth year of the Reign of Her present Majesty, intituled An Act to incorporate the Shediac Grindstone Manufacturing and Mining Company, are hereby repealed. 2. The capital stock of the said Corporation shall be twenty five thousand pounds of current money of the Province of New Brunswick, and shall be divided into two thousand shares of twelve pounds ten shillings each, to be paid in at such times and in such instalments as the business of the said Company shall require, of which stock already taken shall form a part, provided that unless ten per cent. of the capital stock herein named shall be paid in for the purposes of the Corporation, (of which the stock already paid in by the stockholders shall form a part) and a certificate of such payment, and all future payments, signed and verified on oath by the said Directors, or a majority of them, (which oath any Justice of the Peace is hereby authorized to administer) shall be filed in the Office of the Secretary of the Province before the expiration of six years from the passing of the said Act to incorporate the Shediac Grindstone Manufacturing and Mining Company, the operation of the said Act shall cease, and the existence of the said Corporation be terminated at the expiration of the said six years. STEAM COMPANIES. 15th VICTORIA-CHAPTER 75. An Act to incorporate the Saint Andrews Steam Ferry Boat Company. Section. 1. Incorporation of Company. 2. Capital. Section. 3. Meetings, &c. Passed 7th April 1852. Be it enacted, &c.-1. Henry Frye, Harris H. Hatch, William Whitlock, James W. Street, Richard M. Andrews, S. T. Odell, John Irvine, Honorable Harris Hatch, Frederick A. Babcock, Samuel T. Gove, Edwin Pheasant, John J. Robinson, R. N., Wellington Hatch, George D. Street, Edward Wilson, George Frederick Campbell, and Thomas Berry, their associates, successors, and assigns, are hereby declared to be a corporate body, by the name of "The Saint Andrews Steam Ferry Boat Company," with all the general powers and privileges made incident to Corporations by Act of Assembly in this Province, for the purpose of providing and running Steam Ferry Boats between Saint Andrews in this Province and Robinstown in the State of Maine. 2. The capital of the Company shall be fifteen hundred pounds, divided into three hundred shares of five pounds each, with power to increase the said capital to the sum of three thousand pounds; and the whole and the parts thereof shall be payable by such instalments and at such times as the Directors of the Company shall appoint. 3. The time, place, and notice of holding annual and special meetings of the Corporation, as also the number and duties of Directors and officers and servants, and the manner of election or appointment, shall be established by bye laws of the Company made at a general meeting of the stockholders. 61 16th VICTORIA-CHAPTER 64. An Act to incorporate the Nashwaaksiss and Fredericton Steam Ferry Boat Company. Section. 1. Incorporation of Company. 3. First Directors, how chosen. Section. 6. Debts, who liable for. 7. For what shareholders liable. Passed 3rd May 1853. WHEREAS from the great increase of the population of the Parish of Douglas and the surrounding country, the want of a sufficient Ferry to land at the upper part of Fredericton is much required;— Be it enacted, &c.-1. The Honorable F. P. Robinson, W. J. Bedell, Esquire, Stephen H. Fowler, Beverly Robinson, Esquire, James S. Beek, James Pickard, Peter M.Farlane, George Todd, Martin Mackay, and John M'Gibbon, their associates, successors, and assigns, be and they are hereby declared a body politic and corporate, by the name of "The Corporation of the Nashwaaksiss and Fredericton Steam Ferry Boat Company," and by that name shall have all the general powers and privileges made incident to a Corporation by Act of Assembly of this Province, for the purpose of conducting a steam ferry across the River Saint John at the upper part of Fredericton, and for the construction of steam ferry boats, and necessary works therewith connected; and the said Company, or the major part of them, shall from time to time, and at all times, have full power and authority to constitute, ordain, make, and establish such bye laws and ordinances as may be thought necessary for the good rule and government of said Company, provided that such bye laws and ordinances be not contradictory or repugnant to the laws and statutes of the Province, or to such bye laws, rules, and regulations relating to ferries within the limits of the City of Fredericton as are now made or may hereafter be made by the Mayor and Corporation of the said City of Fredericton. 2. The capital stock of the said Company shall consist of the sum of six hundred pounds, with power to increase to fifteen hundred pounds, and shall be divided into shares of five pounds each, and be paid in such sums and at such time or times as the Directors of the said Company shall from time to time appoint. 3. At any meeting to be for that purpose holden, five Directors (being members and stockholders of and in the said Corporation to such an extent as by the laws and regulations of the said Company may be provided) shall be chosen, which Directors so chosen shall serve until the first annual meeting for the choice of Directors, and shall have full power and authority to manage the concerns of the said Corporation, subject nevertheless to the laws and regulations which may from time to time be made by the said Company. 4. There shall be a general meeting of the stockholders and members of the said Corporation, to be annually holden at such time and place as by the laws and regulations of the said Company may be appointed, at which annual meeting there shall be chosen five Directors, being members and stockholders of and in the said Company to such an extent as by the laws and regulations of the said Company may be required, who shall continue in office for one year, or until others are chosen in their places. 5. The Directors of the said Company shall and may from time to time assess on each share such sum or sums of money as shall be judged necessary for raising a capital for the payment of any debts of the said Corporation, and for the purchase of such real or personal property, and the building of any ferry boat or boats, and also for the maintaining the same when built, and all other things whatsoever as may be deemed necessary for carrying on the business of the said Company; which said sum or sums of money so to be assessed, shall be paid to the Treasurer of the said Company at such time or times, and by such instalments as shall be deemed requisite and proper, and may be directed thereby. 6. The joint property and stock of the said Company shall alone be responsible for the engagements and debts of the said Company. 7. Each and every shareholder in the said Corporation shall be held liable to the said Company for each and every call or assessment made, (not however to exceed in amount the stock so subscribed for) for the purpose of enabling the said Company to pay the debts and engagements of the said Corporation, or to carry on the operations for which the said Company is incorporated, and shall and may be sued for by the said ment or any part thereof is not paid, with interest from the time such assessment became due, shall be sold to the highest bidder, and after retaining the amount due on such assessment, and interest due thereon, and the expense of advertising and selling, the residue (if any) shall be paid over to the former owner, and a new certificate or certificates of the shares so sold shall be made out and delivered to the purchaser. 7. It shall and may be lawful for the stockholders at any general meeting to be for that purpose called, to increase the said capital stock from time to time, in such sums as they may deem expedient, to a sum not exeeeding fifty thousand pounds, and they shall have power from time to time to increase the number of shares accordingly. 8. The time and place of holding annual and special meetings of the Corporation, as also the number, eligibility, duties, and powers of Directors, officers, and servants, their continuance in office, removal, or disqualifiation, and the manner of election or appointment, and any other matter connected with the objects and purposes for which the said Company is incorporated, may be established or regulated by bye laws of the Company made at any meeting of the Company or adjournment thereof. 9. The joint property and stock of the said Company shall alone be responsible for the engagements and debts of the said Company. 10. Unless fifteen per cent. of the said capital stock shall be actually paid in for the purposes of the said Corporation, and a certificate of such payment signed and verified on oath by the said Directors, or a majority of them, (which oath any Justice of the Peace is hereby authorized to administer) shall be filed in the Office of the Secretary of the Province before the expiration of three years after the passing of this Act, the operation of this Act shall cease, and the existence of the said Corporation be terminated at the expiration of the said three years. |