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 1 
 

AN ACT 
 
 TO INCORPORATE THE 
 
 CMADA LANDED CREDIT 
 
 COMPANY 
 
 Toronto: 
 
 PRINTED nv STEWART DERBISHIRE & GEORGE DESBAH;. "S, 
 Law Printer to the Queen's Most Excellent Majest/. 
 
 1858. 
 
I 
 
 Z*^': 
 
ANNO VICESIMO-SECUNDO 
 
 V 1 C T () R I iE \i E G I N iE . 
 
 I 
 
 CAP. CXXXIII. 
 
 All Act to iiicoiporate the Canada Landed Credit Com- 
 pany. [Assented to IG/A August, 1858.] 
 
 WllKREAS thf improvt'd and uniiiiprovi'd lands in tliis preamble. 
 Province would bo rendered pniiiitncntiy more produci- 
 jvo and valuable by llie application of a i,'reater amount of ca- 
 pital than is now eniploycid upon tliern ; And whereas (lapital so 
 cmployeil would be the means of inereasinglhc demand for ad- 
 ditional labor, of proflucinj^ additional supplies of food, and of 
 pronioling the prospcirity of every class ol the community ; and 
 it is therefore desirabh? to encourage tin; introduction of such 
 capital into this Province for that purpose ; And wluireas it 
 would greatly factilitatc; the borrowing on advantageous terms 
 of such sums as may be re(|\iired by landed proprietors, if the 
 same were raised by Debentures issued upon tlu; credit of the 
 capital of a joint stock Company, and on the securities on 
 real estate licdd by such Company, instead of being raised upon 
 the separate credit of each individual landowner : Therefore, 
 Her Majesty, by and with the advice and consent of the Legis- 
 lative Council and Assembly of Canada, enacts as follows : 
 
 1. Wni. II. Boulton, John Beverley Robinson, Richard L. Certain per- 
 Denison, VVm. C. Gwynnt!, E. VV. Thomson, Samuel Spreull, sonskxwrpo- 
 Fred; W. Jarvis, John Shaw, Thos. Clarkson, Win. M(rMasler, '"'^^■ 
 
 L. M«)H'att, W. P. Ilowland, Thomas Sclireiber, and all or any 
 otiuir person or persons, bodies politic and corporate, who as 
 executors, administrators, successors or assigns, or by any other 
 lawful title, may hold any part, share or interest in the capital 
 stock oftlu' said Company, and their executors, administrators, 
 successors and assigns, shall be and tiiey are hereby constituted 
 a body politic and corporate , under the name and style of the 
 Canada Landed Credit Company, and shall by that namt; have corporate 
 perpetual succession and a commov, ; al,f\nd by the same name name, &o. 
 be capable of suing and being sue^J ii' all Courts of Justice in 
 this Province. 
 
 2. It shall be lawful for the said Company to lay out and certain pow- 
 jnvest their capital in the first place in paying and discharging era of loaning 
 all expenses incurred in applying for and obtaining this Act, ™""'y grant- 
 and the preliminary expenses attending the establishment of company, 
 the said Company, and the remainder, or so much thereof as 
 
 may from time to time be deemed necessary for and towards 
 carrying out the objects of this undertaking as hereinafter men- 
 tioned, that is to say, from time to time, and at any time, to lend 
 and advance money, by way of loan or otherwise, on real or 
 immoveable estate in the said Province, to be secured by such 
 
 real 
 
Proviso • if 
 loan bo on 
 wild lanJs. 
 
 ^»-'M. Ca.-'K. U,.,UU C„„u Co.-.,„„, 
 
 ^i Vict. 
 
 ^„. — ifivorp. 12 Vict 
 
 I'l-Ovljo ; into. 
 
 rc.-t not to ex. 
 ceuci 8 per 
 cout., and 
 Sinking Fund 
 to be provided 
 in every cnse. 
 
 Furtlior gene 
 ral powers. 
 
 pnnxisc ,,f .... .' y *" ^^ '"' or )imii Inn?/ 1'^ Hflviince 
 
 m§mmm 
 
 1*1.. 1 ' . * 
 
 and ev,.„,i.,. ..,. ."^''•»'-/?'"^ 'or r 
 
 Forms of con- 
 veyanjeand 
 inortgiige to 
 Company. 
 
 
 Company may 4 ti.,. • w, 
 
 receive half , ^ ,'"- *"«'« Conipanv mi,- . i 
 
 ia advance^ time to timT..^' "■'•*''" advance ii„. hn]f ''.''' ,'''''P"^^'^'rvd, U, 
 
 Capital. 
 
 Shares to be 
 personal es- 
 tate. 
 
 •*. J lie Capita] of the *ni,? r- 
 
 7. 
 
 I 
 
'Corp. 
 
 >•> 
 
 VfCT. 
 
 I 
 
 V"vi(l.'(J always 
 <•' 'ami ,n ,|,i., 
 
 ■""I unpiovlnff 
 ."^'xli worlv-.s or 
 
 l>l";inic(I/i,rt|,a, 
 
 ^" ;'" JllOllcy so 
 
 ■<''ng' i-itflif" ,,t.r 
 'T -^o adv.'UKrod 
 ""••-N Jlian iwo 
 ""• snkl Com- 
 N>''<'i/icd in t|„. 
 •• '>< s„(l, real 
 '" "»• |)rofif.s a.s 
 ;''''y ''<» all m^ts 
 'y» and for rc- 
 <'n<orcin- ,,ay. 
 
 '•'""iiiionsan- 
 »' «>u ili(. non- 
 '■'>l"'i- ICcipis, 
 ''<». aiidioj-i;,,. 
 'l"i>^ito orcx- 
 ""' ^nid pur- 
 
 * 
 
 I 
 
 I 
 
 ) 
 
 "y, iMidd- or 
 
 «) as ijj,, (.J,.. 
 
 "''"i,i,'iiioncv 
 ""<'<•!• M-af 
 '"<' may bj 
 ■' annexed, 
 ^ oilier form 
 
 o^vcn-d, lo 
 ''Tt'sf from 
 ul(! by the 
 
 Hundred 
 a'-d such 
 ^fginijing 
 
 numbers 
 
 1 estate, 
 
 re of real 
 
 7. 
 
 « 
 
 I85H. Canudu Landed Credit Co. — Inrorp. Cap. 133. ^ 
 
 7. i'lu; Coinpany shall krcpa l)ooli,lo !)«• called " tin- Hej^is- |{,.^utcrol■ 
 lor Uook «)!' Shareholders," and in such liook shall lie fiiirly and HliiirvliulderR. 
 distinctly catered, I'roiii time to time, the iiam*>s and additions 
 of the sev«'ral persons beinj,' shaieholders o[ the; Coinpany, the 
 number of shares lo which such shareholders shall be respi-ct- 
 ively entitled, distinguishing' each share by its number, and the 
 amount of the subscriptions paid on such shares ; and sucn liooU 
 shall be aiithentitated by the eommoa ^eal of the I'nmpany 
 bein^ allixed thereto. 
 
 lid re;,'ister of shareholders, the A.Mro.-s.'fj of 
 per l)ook, to be called '^ The Share- ^'-'''f'''''''^"- 
 
 H. In addition to the said 
 Company shall providi! a prop* 
 
 holders' Address Hook," in which tlu; Secretary «hall from lime 
 to lime enter the places of alMKli- of the several shareholders 
 of the Company ; and every shareholder, or creditor of the 
 Company, or aj^cnl ofsiu-li shareholder or creditor may at all 
 convenient limes perus(! su(;h re^isl»!r and address book f^ratis, Access tlieret* 
 and may require a copy lliereof, or of any part tli(;reof; and urnti;^. 
 for evi'ry hundred words so re(|uired to be copied, the Secretary 
 may dennnid a sum not exceediufi; ten cents. 
 
 9. On demand of the holder of any share, th(> ('ompany shall c'crtificates of 
 cause a certilicat(! of the Proprietorship of such share to br de- shnres. 
 livored lo such shareholder ; and such certilieate shall have the 
 common .^eal of the (Company allixed tlier(!to, and such certifi- 
 cate shall specify the share or number of shares in the under- 
 taking lo wh1<!li sueli shandiolder is entitled, and the same may 
 
 be according to the form in the Schedule C to this Act annexed, 
 
 or to the like cflect ; and for such certilieate the Secretary may Fee thereon. 
 
 demand any sum not exceeding fifty cents; and such certificate 
 
 shall b(! admitted in all Ctnuts as evidence of iIk; title of such 
 
 shareholder to ihe share therein specilied, nevertheless the want 
 
 of such certineat*' shall not prevent the holder of any shares 
 
 from disposing thereof. 
 
 10. If any such certificatew be worn out or damaged, tlicn Rpne^iBgpef. 
 upon the same being produced at some meeting of the Direc- tificntes. 
 tors, such Directors may order the same to be cancelled, and 
 thereupon another similar certificate shall be given to the party 
 
 in whom the property of such c(!rtilicate and of any share 
 therein mentioncfj, shall Ik; at the tiuK^ vested; or if such 
 certificate be lost or destroyed, then upon proof thereof a 
 siiiilar certificate shall be given to tlie party entitled to the 
 ccrtitieat(? so lost or destroyed ; and in either case a due entry Entry muUce, 
 of Ihe substituted certificate shall be made by the Secretary in 
 the Register of Shareholders, and for every certificate, so given 
 or exchanged, the Secretary may demand any suninot exceed- 
 ing fifty cents. 
 
 1 1. Subject lo the regulations h(!rein contained, any share- Transfers of 
 holder may sell or transfer his shares or any of them by deed, slmrcstobo 
 in which the consideration shall be trnly stated, and such deed ''S'stered, 
 
 may 
 
Q Cop. 133. Canada Landed Credit Co.—Incorp. ii Vict. 
 
 iniiy Im' iiccortlin^ t«> the I'oiin in Scliolnlr I), to tliij* Act 
 uniu'xrd, or to tli»' likii cIliMl ; and the f«iiinr ^wlicn duly 
 «»X("Mil('(l) mIiiiII hr delivered to llie Seeretmv, iind he kept by 
 him, iind tiie Secretary «hiiil enter ii lueinoriMl thereof in ii h(K>k, 
 (o l)e ealh'd *' The Ki^^ister ol'Tranr^fer!^," and shall enthjrui' 
 Bntrynn.liV. such entry on the ileed of tra I'cr ; and for e\ cry such entry 
 and endorsement the Se(-relary may demand any sum not 
 exceeding one tlollar, and on the re(|iiest .and at the option 
 ol llie purchaser of any Share, a new certilK-ate shall l)e grant- 
 ed in the maimer al<)rem<ulione«i, and an endorsement of 
 •"uch transfer shall be made on the certilicale of such share and 
 new certilicale, and fi»r sn< Inridorsenient the Secretary may 
 demand any sum not exceediin> n;ie dollar; and such endorst-- 
 ment bein^ siij;ned by the Seeri miy, shall bi* considered in 
 every respect the samtr us u niw eertilicate, luid imlil siuili 
 transler shall have been so «leli\cri'{| to the Secretary as afore- 
 said, the seller of such share ^liall remain liable for all future 
 (iulls, and the piu'chaser of ilie share shall not be entitled to 
 receive any shan'ofllu! jjrolii- of the said undcrlakini;, or to 
 vot(> in respect of such shan . 
 
 I 
 
 \M\ 
 
 'ithci of iu- 
 (lorscmont by 
 8«crotikry. 
 
 Trusfcr not 
 to 1x3 mmlo 
 until culls 
 paid. 
 
 Transfer ol 
 shares to be 
 modo only 
 
 T»ltll COIlsoiit 
 
 of Directors 
 ofter notice 
 given. 
 
 I*J. No sharclioldcr shall be entitled to transfer any simro 
 imtil he shall have paid all calls for the time beiuuf due on 
 every share held by him. 
 
 l!l. F.vcry p<'rsou who shall be desirous of transferring any 
 share or shares in \\w (Company, shall, as soon as lie shall liavi^ 
 procured any person to b«> a holder of such share or slum's in 
 the (Company, j^ivc notice thereof in writinj^ to the Directors of 
 th(! Company, at the place of business in Londcm, in 
 Kns^land, or at Toronto, in tliis Province, and shall describt? 
 in such notice the name and residence of such other 
 person, and the immlM'r or mimixMs of such share or 
 shares; or such notice may l)i- ifiven by the person proposed 
 to be the hohhr of such share or shares; and the Directors shall 
 proceed without delay to take every such notice into ccm- 
 sid((ralion, and shall, if reipiired under the hands of two or 
 more of them, certify in wrilinu; to the person <^'ivinf,'llie notice, 
 the approbation or (lisiipprobaiiou of the Directors of the pro- 
 posed holder or holders, anil >uch ju'oposed holder or holders 
 shall not bo admitted or leafislered as a shareholder or share- 
 holders, unless he, she or they shall be approved of by the 
 Directors, an<I shall have complii'd with the re^ulatitms and 
 provisions of tin; Company rclalini^to persons in fiilure acquir- 
 iniif shai(!s in the Company. 
 
 Tranamissioii |/|, |f the inteicsl in any shaves shall become transmitted 
 
 ^♦w!!'^^'!?! '" e()nse<iuenc(! of the death, or bankruptcy, nr insolvency of 
 other moans ,111 . i- 1 ' *^ • r i- 1 
 
 than transfer any shareholder, or in eonsequenc(> ol the marriage 01 a lemalc 
 
 toboauthon- shareholder, or by any other leji^al means than by a transfer 
 
 dMlwut'ion? iif'cordini,' to the provisions of this Act, the same shall be au- 
 
 ihentioated by a declaration in writing, as hereinafter mentioned, 
 
 or 
 
 
 .^■..Sii^.. . 
 
'orp. M •- 
 '.' '^' '•' "»'■•< Art 
 
 ;/> '-•"•'• .•n.r; 
 
 ' ""> """I n.i 
 
 '," ,1'!" "/"ion 
 
 "'•■'•••""•y tuny 
 
 ""' '""il NIK./, 
 ■''';."y 'IN afor,.. 
 ", '•"• "" fnuirr 
 
 ;",".""■"••'' fo 
 ""'>■'"/,', or to 
 
 I 
 
 '""•i>' «'«'• on 
 
 ("'•'••'•'"I,' any 
 "' ■'^''.Wi /lavr. 
 "'• ••^'/-•.n-M in 
 ""•'■'•tors of 
 f^"m/„n, in 
 
 '" ''••NcrilK. 
 
 ""•'' ot/ior 
 
 >''i!irc or 
 
 ' l"*0/j().so(/ 
 
 ''['"rN ,s;,.j// 
 ";'o con- 
 "' 'wo or 
 '"■ 'lofic,.^ 
 ' "'" pro- 
 "• 'foidcrs 
 '*'■ ^'iiaro- 
 ''' '>y the 
 *>">* nnd 
 
 ■'•frjuir- 
 
 !noy of 
 ''-nia/o 
 '•'insfer 
 {jf' an- 
 ionotf, 
 or 
 
 I 
 
 1858. Canada Landed Credit Co.—Incorp. Cap. 133. J 
 
 or in Hueli othor inannrr nn \\w UinuiloN hIiqII rv(|uiru ; and 
 ••very xix^li (liu'laration shall diNtinctly Htat(> tho niannur in 
 which the party to whom Nurh Nliarc nhnll liuvr In-nn no 
 trnnNUiittiid ; and Hliall l)i> uuitir. and sit^ncd, and nhall Ij<' by 
 HHch party acknowlcdj^cd hcfort' a Jiidgr or (^aniniHsionur for 
 taking aHidavit»4 in Ihr Supt.-rior i^oiirts, who aii- li'Tcby 
 authori/rd to takr Nurli atlidavils ; and sucli dc< hiration 
 shall l)C! left with tin >Sc(T(Mary, iind thereupon h<> mIiuII 
 enter the name ol' the iierson entitled under sueh trans- 
 mission in the Ilitwisler Hook ol' Shareholtlers of the Com- 
 
 tiany, whereby, sueh i)erson shall be nnd become a share- 
 lolder in the said nmlerlakinj^ ; and loi every such entry tla; t,air> uuU r*-. 
 Seeretary may d(*mand any sum not i-xceedin^ one dollar. 
 And until such traii-^mission shall have heen so authenticated, 
 no person (a* party claiming by virtue of sueh transmission, 
 shall be entitled to receive any share oIiIk' profits of (Ik; Com- 
 pany, nor to vote in respect «>f any such shares as the holder 
 thereof. 
 
 tH. VV'ith rcsp(!ct lo any share tit which several persons ntay Aa toihnrti 
 b«! join..y entitled, all notice"* directed In be f,'iven lo the share- heM Jointly, 
 holders shall be <^iven to such of the said p(;rsons wIiom' names 
 shall stand first in the Uegister of SlianJiolders ; and notice so 
 givi'li ^llall lie sullicieiit noli<-c to all the proprietors of sueh 
 share unless any such joint propiielor >liall, by writ iiif^ under 
 his hand, re(|U(!st such notice tobe<ifivcn to any ollu'ror all such 
 joint proprietors. 
 
 II). The Company shall not be bdiiiul lo see lo ihe execu- Cuuipuny not 
 tion of any trust, whet hi'r express, iinulied or construdive, to boundtosee 
 whicdi any of the said shares may be -abject, and the receipt whicli stiares 
 of the parly in whoiM- name any swell >liare sliiill ^tand in the i\ro subject. 
 l)o«)ks of I he Company, shall from :;me to liiiu be a siitfi- 
 cienl dischars^e to the Company f(n' any dividend or other sum 
 of money pay:il»le in respect of siieli hare, nolwithstundinp; 
 any 1rusl> tiiwii/iii mkIi >!iare mas then be subject, and 
 whella-ror not llic ( ()iii|)aiiy have hurl notice of such trusts, 
 and the ('(Uiipany shall not Ik* Intund tn see lo the iipplication 
 of the money paid upon such leceipt. 
 
 IT. 'riie Comjiany may lidiii tiinr in time make such calls <.'all3 how lo 
 of nnaiey uiuin the respcclive shareholders in re -peet of the '"" ""'^' ***• 
 amount of capital n-speclively subscrihed orowinj,'by them, 
 as they sliall deem necessary, provided that thirty days' notice 
 at the least be lifivtm of each <'all, and 'lial no call exceed the 
 am<Hint of ten dollars per share, :\\n\ iliat siicc(>-;ive culls be 
 not made at less than tlu> interval of thirr months, and that the 
 agi*re;^at(! amount of calls made in one year do not exceed the 
 amount of forty dollars per share ; and every sharfdiolder shall 
 be liable to pay tho amount of calls so made in respect of the 
 shares held by him, to the persons and at ihe limes and places 
 from time to time appointed by the (Company: Provided Proviso. 
 "" always 
 
F 
 
 8 
 
 Cap. 133. Canada Landed Credit Co. — Incorp. 22 Vict. 
 
 189 
 
 When the always that it shall not be lawful for the said Company to 
 Company may commence Iwsiness until a sum of not less than fifty thousand 
 B?™«^"'^'' *"' dollars sliall have been paid up by the subscribers to the said 
 capital stock. 
 
 smess. 
 
 Int"VCSt t'l hr. 
 
 charged on 
 unpaid ciill^. 
 
 Interost Mi- 
 aowed on calls 
 iwid in ad- 
 irance. 
 
 before, or on the 
 
 do not pay the 
 
 lif'ble to pay interest for the 
 
 :lay appoint(!d for payment, any 
 imonnt of any call, Ik; shall be 
 
 Amount of 
 calls may b<.' 
 recovered by 
 suit. 
 
 Certain lor- 
 malities not 
 necessary in 
 actions tor 
 calls. 
 
 Whiit oiilv 
 need be pruv- 
 rdon thefiiol 
 
 IH. If 
 
 shar<!lioldei v ,™j .... .w.........^ ».. ....j v...... .... „..,... „v- 
 
 lif'ble to pay interest for the same at the rate of six per centum 
 ])er annum from the day appointed for the payment thereof to 
 he time of the actual payment. 
 
 19. The said company may, if they think lit, receive from 
 any of the shareholders willing to advance th(! same, all or any 
 part of the money due upon their respective shares, beyond the 
 sums actually called for ; and upon the principal money so 
 paid in advane(», or so much thereof as from time to time shall 
 exceed the amount of the calls made upon the shares in respect 
 of wliich such advance shall havj; been made, the Company 
 may pay interest at sucli rate not exceeding six per centum, 
 as the shareholders paying such sum in advance and the Com- 
 pany shall agree ujion. 
 
 40. If at the time appointed by the Company for the pay- 
 ment of any call, the holder of any share fail to pay the amount 
 ofsu.hcall, the company may sue such shareholder for the 
 amount thereof in any court of law or equity having competent 
 jurisdiction, and may recover the same with interest at the rate 
 of six per centum per annum from the day on which such call 
 may have been made payable. 
 
 31. In any action to recover any money due upon any call, 
 it shall not be necessary to set forth the special matter, but it 
 shall be sufficient to declare that the defendant is the holder of 
 one share or more, stating the number of shares, and is indebted 
 in the sum of money to which the calls in arrear shall amount, 
 in respect of one call or more upon one shan; or more, stating 
 the number and amount of each of such calls, whereby an action 
 liath accrued to the said Company by virtue of this Act. 
 
 3S. On tlif trial of such action it shall be suflicient to prove 
 that the defendant ill the time of making such call was a holder 
 of one share or more in the Comjjany, and that such call was 
 in fact made and siidi notice thereof given as is directed by 
 this Act, and it shall not be necessary to prove the appoint- 
 ment of the directors who made such call nor any other matter 
 whatsoever, and thereupon the Company shall be entitled to 
 recover what shall be due upon such call with interest thereon, 
 unless it shall appear either that any such call exceeds the 
 amount often dollars pe: share •)r that due notice of such call 
 was not given, or that the interval of three months between the 
 successive calls had not elapsed, or that calls amounting to 
 more than the sun. of forty dollars in one vear IkkI been made. 
 
 33. 
 
 
 i 
 
 ael 
 of| 
 mi 
 
 itl 
 
 all 
 
rp. 22 Vict. 
 
 id Company to 
 » % thousand 
 ''r» to the said 
 
 l«tymenf, any 
 /' '"• sJifill be 
 IX per contum 
 i«nf thereof to 
 
 '■••••c'ivc; from 
 "!<', alj or any 
 '^f'yond the 
 ''• money so 
 '" 'i'ne j^hall 
 r''^ in r<>Npect 
 'f Company 
 per centum, 
 "d »ho Com- 
 
 ^or the pay. 
 
 "le amount 
 der for the 
 ? competent 
 't at the rate 
 '' *^"ch caJI 
 
 n any calj, 
 «er, but it 
 " holder of 
 s indebted 
 " amount, 
 '■<-> dilating 
 «n action 
 ft. 
 
 ' to prove 
 ' a hoJder 
 caJJ Was 
 '••led by 
 ■'Ppoint- 
 •■ 'natter 
 «it/ed to 
 hereon, 
 cds fhe 
 eh caiJ 
 "en the 
 ing to 
 made. 
 9». 
 
 1858. 
 
 Canada Landed Credit Co. — Incor/i. Cap. 133. 
 
 9 
 
 33. Tli»> prodiK'tion of the register hook ol shareholders of Evidence ol' 
 the Company, or a certified extract therefrom, under th(; signa- party being a 
 ture of the secretary of the company, sliall he pi'imii facie evi- i^l'-i'd'oWer. 
 denee of such defendant being a sharehoklcr, and of the iuunl)er 
 
 and amount of his shares anrl of the sums paid in respect 
 thereof. 
 
 34. If th(! holder ot any share fail lo pay a call })ayal)le by Forleiture ol' 
 him in respect thereof, togetlier with the interest that shall have sli.ires foi non 
 accrued thereon, lh(^ directors, at any time after th(? expiraticm ^^Yk*^" "^ 
 of one month from the day appointed for payment of such call, 
 
 may declare such share forffMted and that whether the Company 
 have su(!d for the amount of such call or not. 
 
 3»i. No advantage shall be taken of such forfeiture unless Ifow sucli for- 
 the same shall l)(> declar»Ml to be forfiitcd at a general meetmg feiturcdeclar- 
 of the company to be held after the expiraticm of three months 
 at the least from the day cm which such notice of intention to 
 mak(! such declaration of forfeiture shall have been given ; and 
 it shall be lawful for the Company to confirm such fori'eiture 
 at any such me(;ting and by an order at such meeting, or at any 
 subseciuent general meeting, to direct the share so forfeited to 
 be sold or otherwise disposed of, and after stu-h ccmfirmatiim 
 the directors msiy sell the forfeited shares, and either separately 
 or together in lots as to them may seem fit. 
 
 36. A declaration in writing by an oflicer or servant of the How forfeited 
 impany, or by some credible person (not interested in the shares shall be 
 
 the purchaser. 
 
 matter), made before any Judge, or before a Commissioner for ♦h°^^,^„i,„,. 
 
 taking affidavits in the Superior Courts, who are hereby au- 
 thorized to lake such (h'claration, that the call in respect of a 
 share was made and notice thereof given, and that default in 
 payment of the; call was made, and that the; forfeiture of the 
 share was declared and confirmed in manner hereinbefore 
 required, shall be suflicient evidence of the facts therein stated, 
 and such declaration and receipt of the secretary of the Com- 
 pany for the price of such share shall constitute a good title to 
 such sha.e, and thereupon the purchaser shall be tleemed the 
 proprietor of such share, dis(;harged from all calls made prior 
 to such purchase, and a certificate of proprietorship shall be 
 delivered to such purchaser upon his signing the undertaking 
 lo hold the said shares so purchased by him as aforesaid sub- 
 ject to th(! provisions of tiiis Act, and he shall not be bound to 
 see to the application of the; purchase money, nor shall his title 
 to such share be idleeted by any irregularity in the proeeedinss 
 in reference to auv such sale. 
 
 37. Th(! Con 
 
 hall 
 
 /«■. ii,y. viMiipany shall not sell or transfer more of the y^, ^^j.^, 
 shares of any such defardter than will be sufficient, as nearly sliiirestobe 
 as can be ascertained at tlie lime of such sale to pay the arrears ""^'^ ^''l"* .^^'' 
 then due from such defaulter on accoiMit of any calls, together nJ^^cav. 
 
 with 
 
10 Cap. 133. Canada Landed Credit Co.— Incorp. 22 Vict. 
 
 with inlorcst and the expenses attending such sale and decla- 
 ration of forfeiture, and if the money produced by the >^ale of 
 any such forfeited share be more than sufficient to pay all 
 arrears of calls and interest then^on due at the lime of sue:, 
 sale and the expenses attending the declaration of forfeiture 
 and sale thereof, the surplus shall on demand be paid to the 
 defaulter, or in default thereof, a|)plied in and towards satis- 
 faction of any calls made thereafter, but prior to such demand 
 being made as last aforesaid, in respect of the remaining unsold 
 shares of such defaulter. 
 
 Paymeut_ of 28. If the payment of sucii arrears of calls and inlcrest and 
 
 Jll^f forfeU- «'xpenses be made before any shares so forf(>it<!d and vested in 
 
 od shares. the Company sliall have been sold, such share shall revert to 
 
 the pa-ty to whom the same belonged befon- such forfeiture, in 
 
 such manner as if such calls had been duly paid. 
 
 slf*''h''n°' '^** ^° sliarelioldcr of the Company shall be liable for or 
 lim*t^. ' <'liarg(Ml with the poymeni of any debt or demand due from the 
 Company, beyond the extent of his shares in the capital ol the 
 Company not then paid up; and no action therefor shall be 
 commenced before an execution against tin; Company shall 
 have b(>en returned unsatisfied, in whole or in part, and the 
 amount due on such execution shall b(! the amount recoverable 
 with co.sts against such shareholder. 
 
 30. Wluni and so soon as the Company shall have advanced 
 any sum of money on the security of real estate, or other secu- 
 rity iu this Act mcmtioned, and shall have in their custody and 
 possession the mortgage Deed duly executed, registered and per- 
 fected, it shall l)e lawful for the said Company to issue a deben- 
 ture or debentures, equal in amount to the sum so advanced on 
 mortgage, and such debentures shall be numbered in arithmet- 
 ical progression, beginning with number one, and be respectively 
 distinguished by the number affixed to th(!m : Kvery debenture 
 shall truly state the sum for which it is issued, which shall 
 not be for a l<\ss sum than fifty dollars, or the like amount in 
 sterling money, the lime when payable, and the interest it 
 bears, which shall not exceed eight per centum per annum, 
 and the same may be in the form in the Schedule E, to this 
 Act annexed, or to the like cfTect ; Provided that the amount 
 to be raised by debentures do not exceed the amount of the 
 capital authorized by this Act. 
 
 31. The Company shall keep a book, to be c.-.' lied "The 
 Mortgage; and Debenture Book," and in such book shall be 
 fairly and distinctly entered fromtiuu! to time, the date, names, 
 amount of mortgage; money advanced, and other short particu- 
 lars of every Mortgage Deed in their custody and possession, 
 together with the number and amount, and othen- short particu- 
 lars of the debenture or debentures issued in res|)ect thereof, 
 which shall in no case exceed the amount so advanced on 
 Mortgage. 
 
 IBI 
 
 Dct>cnturc» 
 may be issued 
 by the Com- 
 pany, and mo- 
 ney raised on 
 them : how 
 and when. 
 
 Ptovii'o. 
 
 Mortgage aud 
 debenture 
 booli to be 
 kept. 
 
«aio and deela- 
 ?. '^y 'he .aie of 
 
 "^ time of sue" 
 
 '''' paid fo fi,o 
 '"^v^arcJ-s satis- 
 
 ;,^'":'' demand 
 '^'"'"A" unsold 
 
 „'■?'''«'«« and 
 r'; ^f'vort Jo 
 
 ./'a'Wo for or 
 
 '!>"■'/ oi ,/,e 
 '"• >*'i.dl he 
 "i^''»"v- siiaJi 
 '■'' ynd (/,e 
 ■'''''"vorabif 
 
 ' advanced 
 >'iior socu. 
 
 '•^'«<^y and 
 d and per- 
 ' a dcbuti- 
 '•"leod on 
 arithmef. 
 
 [X'Oliveiy 
 
 f'ljon(„r„ 
 '^'i s/iaJi 
 J"unt in 
 '-rest if 
 annijiij, 
 'f> tiiis 
 •mount 
 «'/■ tlie 
 
 " The 
 i/I be 
 "lies, 
 '■ficu- 
 «ion, 
 licu- 
 reof, 
 ' on 
 
 1858. 
 
 Canada Landed Credit Co. — Incorp. 
 
 Cap. 133. 
 
 II 
 
 I 
 
 Attcstntion of 
 such state- 
 meat. 
 
 3!2. The Company shall, on the first day of January and statementto 
 Jnly in each year, transmit to the Inspector General a full and be sent period- 
 clear statement of their assets and liabilities on the day of the '""'Y ^n^' 
 date thereof, and such statement shall contain, in addition to ^,eral?' 
 such other particulars as the Inspector General may require : 
 
 1st. The amount of Slock subscribed ; 
 
 2nd. Th(! amouni paid in upon such stock ; 
 
 3rd. Tiie amount borrowed for the purposes of investment 
 and the securities given therefor ; 
 
 4th. Tiic amount invested and secured by mortgage deeds; 
 
 5tli. Tlie valu(!()f the Real EsliUe under mortgage. 
 
 33. And sMcli slatement sliall be attested by the oath before^ 
 some Justice of tli(! Peace, of two persons, one being the Pre- 
 sident, Vice-President, or other functionary for the time being 
 at the head of the Company, and the other the Casliier or 
 Auditor of tlie Company, eacli of wiioni shall swear distinctly, 
 that he luis such quality or odice as aforesaid ; that he has had the 
 means of v<!rifying, and has verified, the statement aforesaid, 
 and found it to be exact and true in every particular; that the 
 properly under Mortgagt; has been set down at its true value, 
 to th(! best of his knowledge and belief; and that the amount 
 of the shares and debentures issiied and outstanding, as he 
 verily believes, is correct; and sueli statement shallbe pub- 
 lished by the Insptv'lor General, in such manner as he shall 
 think most conducMve to the pui)lie good ; and for any neglect 
 to transmit such statement in due course of post, within five 
 days after the day to which it is to be made up, the Company 
 shall incur a ptmalty of one hundred dollars per diem ; and if 
 the same be n.it transmitted within one month after the said 
 day, or if it shall appear by the statement that the Company is 
 insolvcmt, the Inspector General may, by notice in the Gazette, 
 declare the business of the Company to have ceased ; and if the 
 Inspector General shall in any ease? snsneetany such statement 
 to be wilfully false, he may depute some competent person to ex- 
 amine the books, and enquire into the afl'airs of the Company, 
 and to njport to him on oath ; and if by such report it shall 
 appear that stich statement was wilfully false, or that the 
 Company is insolvent, or if the person so deputed shall report 
 on oath that he has been refused siu-li access to the books, or 
 such information as would enablt; liim to make a suflieient 
 report, the Inspector General may, l)y notice in the Gazette, 
 declare the !)usiness of the Company to have eeasiul ; but in 
 any of the eases in which discretionary power is given to the 
 Inspector General to declare the business of the Company to 
 have eeascnl, he may, liefore so doing, give notice to the Com- 
 pany, and afford the same an opportunity of making any 
 
 explanation 
 
 Statement 
 may be pub- 
 lislicd. 
 
 If any state- 
 ment be sus- 
 pected of be- 
 ing wilfully 
 false. 
 
 Notice to 
 Company 
 
12 
 
 Cap. 133. Canada Landed Credit Co. — Incorp. 22 Vict. 
 
 Expenses to cxplaiiat m it may b(^ advisabk; to make ; and all expenses 
 bepiiidby the atlemliiig sncli |)eriodical statements, and the publication 
 Company, thereof, shall be borne by the said Company. 
 
 Debenture 
 
 holder rot to 
 have vightK 
 and pvivitegfis 
 of shareholder 
 
 Scale of votes. 
 
 Votes may be 
 given by 
 proxy. 
 
 34. No person shall, in right of any debenture, be deemed 
 a shareholder, or be capable of acting or voting as such at any 
 meeting of the Company. 
 
 3*S. At all meetings of tlie Company, every shareholder 
 shall be entitled to one vote for every share up to ten, and one 
 Aole for every fivt; shares held by him beyond the first ten 
 shares ; and no shareholder shall be entitled to vote at any 
 meeting unless he shall have paid all the calls then payable 
 upon all the shares held by him. 
 
 St6. Such votes may be given either personally or by proxy, 
 the holders of such proxies being shareholders, authorized by 
 writing according to the form in Schetliile F, to this Act an- 
 nexed, or in form to the like effect, under the hand of the 
 shareholder nominating such proxy ; and every proposition at 
 any such meeting shall be determined by show of hands, or 
 upon demand of any shareholder after sucli show of hands by 
 the majority of the votes of the parties present, including 
 proxies, the chairman of the meeting being entitled to vote, not 
 only as a principal or proxy, but to have a casting vote if there 
 be an equality of voters. 
 
 37. No person shall be entitled to vote as a proxy unles.s 
 the instrument appointing such proxy have been transmitted to 
 the Clerk or Secretary of the Company five clear days before 
 the holding of the meeting at which such proxy is to be used, 
 and no person shall at any one meeting represent as proxy 
 more than thirty shareholders. 
 
 Parties hold- 38. II several persons be jointly entitled to a share, the 
 ingone share person whose name sUmds first on the Register of Shareholders 
 as one of the holders of such share, shall, for the purpose of 
 voting at any meeting, be deemed the soh^ proprietor thereof, 
 and on all occasions the vote of such first named shareholder 
 alone, either in person or by proxy, shall be allowed as the 
 vote in respect of such share, and no proof of the concurrence 
 of the other holders thereof shall be required. 
 
 Formalities 
 relating to 
 proxies. 
 
 conjointly. 
 
 Chief place of 
 business, 
 
 39. The chief place of business of the said Company shall 
 be at the City of Toronto, but the said Company shall from 
 time to time, and at all times hereafler, have power and au- 
 thority, and they are hereby authorized to establish such and 
 so many agencies in any part or portion of this Province, or in 
 England, and under such regulations for the management there- 
 of, and to remove the same, as to the Directors of the said Com- 
 pany may seem expedient. 
 
 40. 
 
22 V,cT. 
 
 W expenses 
 ipubJieation 
 
 tjf cJoeined 
 
 1858. 
 
 luch at 
 
 any 
 
 l''''«r('hoJdfr 
 ^> 'iiuJ one 
 I'e first ten 
 
 F«' at 
 
 any 
 
 I" payabio 
 
 "y Pi-oxy, 
 Prized by 
 ' Act an- 
 d.of the 
 'sifion at 
 ands, or 
 'ands by 
 'uding 
 ^'ote, not 
 '■/"there 
 
 ' unless 
 itted to 
 
 before 
 ' used, 
 
 proxy 
 
 e, the 
 
 aiders 
 
 so of 
 
 Jreof, 
 
 older 
 
 ' tlie 
 
 cnce 
 
 ball 
 ■om 
 au- 
 md 
 in 
 re- 
 
 K 
 
 Canada Landed Credit Co. — Incorp. 
 
 Cap. 133. 
 
 13 
 
 Provisional 
 Directors. 
 
 First election 
 of Diiectors. 
 
 Annual retire- 
 ment of Di- 
 rectors. 
 
 40. Tlic business and affairs of the said Company shall be 
 conducted and managed by a Board of Directors to be appointed 
 by the siiarcliolders as hereinafter provided, whicli Board shall 
 consist of qualified shareholders, and which Board in tiie first 
 instance, and provisionally and until the first general annual 
 meeting of the Company, shall consist of William H. Boulton, 
 John Beverley Robinson, Richard L. Dcnison, William C. 
 Gwynne, E. W. Thomson, Samuel Spreull, Frederick W. 
 Jarvis, John Shaw, Thomas Clarkson, William McMaster, L. 
 Moffatt, W. P. Ilowland and Thomas Schreiber, who shall re- 
 main in office nntil the first Wednesday in January, one thou- 
 sand eight hundred and fifty-nine, and shall then go out of 
 office, being eligible for re-election, and shall then he replaced 
 by twelve Directors, to be eleeted by the sliarelu)ld(!rs, who 
 shall attend either in their own ])('rs()ns or by proxy, and 
 six of the said Directors shall go out of oince, by rotation, in 
 each year, being, however, eligible for re-election as Directors, 
 and the election of Directors in place of those so retiring from 
 office shall be held at the first annual general meeting of the 
 Company by the shareholders, wlio shall either attend in their 
 own persons or by proxy, and all elections of Directors shall 
 b(; by l)allot, and the persons having the greatest number of 
 votes at any such election shall ho Directors, and if two or 
 more shall have an equal number of votes in such manner that 
 more than two shall appear to he chosen, then another ballot 
 shall be taken uniil it shall Ik; d<'1(Mmined which of the said 
 two or more shall have a majority of votes, and the Directors 
 shall choose their President and Viee-PresidenI : Provided 
 always that five Directors shall he a quorum for the transac- 
 tion of business ; Provided also tlinl the Directors to be elected 
 under the provisions of this Act shall for the fust two years be 
 holders of not less than ten shares, and afterwards shall bc^ 
 holders of not less than Iwenty sli.'ir'w in the said Company. 
 
 41. The first Annual General Mreiing shall be held in the Annual gene- 
 said City of Toronto, on the first Wednesday in January, one ral meetings 
 thousand eight hundred and fifty-nine, or tlie next following ''|,^''^ ^'*'"^" 
 day or any other day to l)e appoiiiled by the By-law, and the 
 said meeting shall be held on tlie same day in every successive 
 year thereafter in the said City, and at the said first Annual Mode of reti- 
 Gencral Meeting the shareholders ])resent as aforesaid shall roinent of six 
 then determine the mode and manner in which the six l*'i''><='<'"' 
 Directors shall retire and in which they shall be then and 
 in future elected, and the notice of all subsequent general 
 annual meetings for the election of Directors shall eon- 
 tain the names of the six retiring Directors; Provided always rroviso. 
 that the retirement of the six first Directors shall be deter- 
 mined by ballot among themselves. 
 
 49. The Directors shall have and exercise the powers. Powers, duties 
 privileges and authorities set forth and vested in them by this and authori- 
 Act, and thev shall be subject to and be governed by such ^l^ °* ^'"^"' 
 
 Quoruii 
 
 Qualification 
 of Directors. 
 
 by ..^^.. j^j.^ 
 rules. 
 
H 
 
 By-laws. 
 
 Special meet- 
 ings. 
 
 Cap. 133. Canada Landed Credit Co. — Incorp. 
 
 Vict. 
 
 Affixing cor- 
 porate Hcnl. 
 
 •Calls. 
 
 Piiymcnts anil 
 loans. 
 
 Managing 
 property. 
 
 Further gene- 
 ral powers. 
 
 Subject to 
 control of ge- 
 neral meet- 
 ings. 
 
 Proviso • as to 
 real estate. 
 
 rules, regulations and provisions as are herein contained with 
 respect thereto and by thu By-laws to be made for the manage- 
 ment of the said Company, and the Directors shall and may 
 lawfully exercise all the powers of the Company except as to 
 such matters as ar(^ directed by this Act to be transacted by a 
 f(fmMiil meeting of the Company; they may call any general, 
 special or other iui>etings of the Company or of the Directors 
 whicli tliey may ileem necessary ; and they shall, upon requi- 
 sition made in writing by any number of shareholders holding, 
 in liie aggregate, one fifth part of the shares of the Company, con- 
 vene an extraordinary general menfing; and such requisition 
 ,so made hy the shareholders shall express the object of the 
 uieelin^ proposed to be called, and shall be left at the Compa- 
 ny's ollice, and if llic! Directors do not convene such general 
 meeting within twcnly-one days from the date of {\iv recjuisition, 
 the requisitionisls, or any other shiireholdors luiving the requir- 
 ed number of shares, may thenisclvcs coiivene a meeting; 
 tlie Directors may use and aliix or cause to be used and 
 atlixed the S(!al of the Company to any ilociiiuent or paper 
 which in their judgment may require the same ; they may make 
 and enforce the calls upon the shares of the respective share- 
 holders ; they may deelan; the forfeiture of all sliart s on which 
 .such calls are not paid ; they may iuak(! any paynieiits and ad- 
 vances of money as they may deem expedient wiii(;li are orsliall 
 at any time be I'ltliorized'to be made by or on the behalf^ of 
 the Company, and enter into all contracts for iht^ execution 
 of the purposes of the Company, and for all other inatters 
 necessary lor the transaction of i<s allairs ; they may generally 
 deal with, treat, sell, and dispose of the lands, property and 
 ell'ects of the Company for the time being, in sueh manner as 
 they shall deem c!X])e(lient and conducive to the benefit of the 
 Company, as if the same lands, pro|)erty and eflects were held 
 and owned according to the tenure, and subject to the liabili- 
 ties, if any, from time to time affecting the same, not by a body 
 corporate, but by any of Her Majesty's subjects being of full 
 age ; they may do and authorize, assent to or adopt, all acts 
 required for the due exercise of any furth(!r powers and au- 
 thorities which may hereafter be at any time granted to the 
 Company by the Legislature of this Province or for the per- 
 formance and fulfilment of any conditions or provisions from 
 time to time prescribed by the said Legislature in giving such 
 further powers and authorities, or in altering or repealing the 
 same respectively, or any of ihem ; but all the powers shall be 
 exercised in accordance with and subject to the provisions of 
 this Act in that behalf, and also to the control and regulation 
 of any general meeting specially convened fo. that purpose, 
 but not so as to renth^r invalid any act done by the Directors, 
 prior to any resolution passed by such general meeting : Pro- 
 vided always that all real estate acquired and held by the 
 said Company in virtue of this Act, except such as is neces- 
 sary for the use aiil occupation of the Company, and the pur- 
 poses thereof, shall be sold and realized at public auction by 
 
 the 
 
 
 the 
 acql 
 
 suc| 
 ace 
 eft'i 
 olbl 
 
 the 
 
 of I 
 er« 
 
22 V,cT. 
 
 Gained witi, 
 L 7,'' "manage. 
 ^"'^ and may 
 
 .^«ac,ed by « 
 
 pnyfi-enerai. 
 
 h iJirocrorJ 
 upon renui. 
 
 P« 'ioidinj^, 
 "P«ny, con- 
 ^'f/U'sition 
 
 ,]''-^'' of tJio 
 
 ''« t'ompa- 
 
 [^■'» fi-t'iiofal 
 
 ■f,'i"iNiiion, 
 
 '"<ed and 
 
 "•■ paper 
 "ay Wake 
 l'^'' "^'lare. 
 
 ^ •■"»/ ad- 
 *'<>'-N/jai] 
 '•'la/f of 
 
 ^'■i^uMon 
 
 mmufrs 
 
 f'leraliy 
 
 '■'y and 
 nncr as 
 "f the 
 re /leid 
 'lahiii. 
 
 !1 bf)dy 
 
 »/■ Alii 
 
 '^ aojs 
 
 iti an- 
 
 " the 
 
 ■ per- 
 
 from 
 
 «uch 
 
 :ihe 
 
 llhe 
 
 s of 
 
 ion 
 
 •Ne, 
 
 •rs, 
 
 ro- 
 
 he 
 
 is- 
 
 r- 
 
 y 
 
 e 
 
 1868. 
 
 Canada Landed Credit Co. — Incorp. Cap. ISS. 
 
 15 
 
 the Company at any period not later than one year from the 
 acquisition of such real estate. 
 
 43. The Directors of the said Company may vote by proxy, Directors may 
 such proxies being themselves Directors, and may be appuinird vote by proxy, 
 according to the form in Schedule G of this Act, or to the likii 
 
 efi'ecl ; but no Director shall act as proxy for more than ihree 
 other Directors. 
 
 44. The following powers of the Company, that, is to say, axolusivc 
 the (choice and removal of the Directors, Auditors and TreuMurer, powers vested 
 the determination as to the remunerulion of the Directors and '" Slmrehold- 
 of the Auditors, and the declaration of dividends shall be ex- meetings!'*" 
 erciscid at a general meeting of the Company. 
 
 A!i. The Directors shall cau^'e notices, minutes or copies, as 
 the case may require, of all appoinlinents made or contracts 
 entered into by the Directors, to b(! duly entered in books to be 
 from time to time provided for the purpose, which shall be 
 kept under the superintendence of the Directors, and every such 
 entry shall be signed by the Chairman of the meeting at which 
 the matter in respect of which such entry is made was moved 
 or dismissed at or previously to tlie next meeting ol the Com- 
 pany or directors, as the case may be, and a copy of such entry 
 so signed shall be received as evidence in all Courts, and before 
 all judges, justices, and others, without proof of such respective 
 meeting having been duly convened or of the persons making 
 or entering sudi orders or proceedings being shareholders or 
 directors respectivelji, or of the signature of the chairman, all 
 which last mentioned matters shall be presumed, and all such 
 books shall at any reasonable lime be open to the inspection 
 of any of the shareholders. 
 
 4<J. The Company shall not make any dividend whereby 
 their caj)ital stock may be reduced. 
 
 47. Before apportioning the profil^' aforesaid, the directors 
 may, if they think fit, set aside tlitieout such sum as they may 
 think proper to defray preliminary expenses and to meet con- 
 tingencies, or for enlarging or ituproving the estate of the Com- 
 pany or any part thereof, or promoting tiie objects and purposes 
 for which, they are incorporated, and may divide the balance 
 only among the proprietors. 
 
 Minutes, &c., 
 of proceedings 
 to bo kept in 
 books for the 
 purpose. 
 
 Certified co- 
 pies to bo evi- 
 dence. 
 
 Dividends not 
 to reduce ca- 
 pital stock. 
 
 Before appor- 
 tioningprotits, 
 Directors ma 
 reserve a 
 sliarc for con- 
 tingencies. 
 
 48. No dividend shall be paid in respect of any share until Calls to bo 
 all calls then due in respect of that or any other share held by paid befo.e 
 the person to whom sucli dividend may be payable, shall have ^[^^d"***'*" 
 been paid. 
 
 4©. It shall be lawful for tiie Directors from time to time to Directors may 
 appoint such and so many officers, solicitors and agents, either appoint oft- 
 in this province or elsewhere, and so many servants as they t'^g' ^^^' 
 
 deem 
 
16 
 
 llftking By- 
 la^rs for cer- 
 tain puriwsc". 
 
 ProofolBv 
 laws J 
 
 and of seal. 
 
 Cap. 133. Canada Landed Credit Co. — Incorp. 2i Vict. 
 
 docni cxpodii'iit for the inanaj»etnent of ihc ufl'airs of ;- Com- 
 pany, aiul 1o allow to tlicm such salaries and allow f.rices as 
 may be a<?rci'd upon hclwfcn tlioiii and lli<^ Company, iind to 
 makn such hy-laws as they may think fit for the purpose of 
 refjTulaling the condnet of the olHeers, .solieitors, agents and 
 servants of the {'ompaiiy, and for providing for the due man- 
 agement of the allairs of the Company in all res|)eetH whatso- 
 ever, ar.d from time to time to alter and repeal any sueh by-laws 
 and make others, provided sueh Ijy-luws be not repugnant to 
 the iaws of this Provinee or to the provisions of this Aet; and 
 ■^uch by-laws >hall be reduced into willing, and shall have 
 adixed thereto the eommcm seal of the Company, and a copy of 
 sueii ity-laws >liiill be given to every oHiecr and s(>rvaMt of the 
 Coinpany, and any copy or exiraef tiierefrom (-(Mtified und«'r 
 the signature of tiie secretary shall be i-videiice in all Courts of 
 ■lusliee in this Provinee of sueh by-laws or extract from them, 
 and that the same were duly made, and are in force ; and in 
 any action or proceeding at law, criminal or civil or in ('(jui'y, 
 it shall not be necessary to give any I'vidcnce to prov*- the seal 
 of tilt! Compaiiv, and all documents purporting to be sealed 
 with the s(>al of the Company, sliall be helil 1o have been duly 
 sealed with the >":ii of the Comjiany. 
 
 Wlmt shall 111' "iO. With re>]>eiM to any notice re(|uircd to be served by the 
 deemed sufli- Company u|)on tlic -iiareholders, it shall be suliieicnt to Irans- 
 «!f„1';^?i'i';'! ■" mi' 'he saui< liy |)nM dijccted according to the registered address 
 or other known atkncss oi the sliarelioUler, withm such period 
 as to admit of its being delivered in the due com>e of delivery 
 witliin the jjcriod (i'any) jircscribed for the giving of such 
 notice, and in |)ro\ iiigsuch uotic • it >li;ill be sullicient to prove 
 that sueh notice w;is projierly direeied, iind that it was so put 
 into the ))()sl (illice. 
 
 >stoiiotk,> ,»|. All uotiee- ivijuired by this Act to be given by advcr- 
 **i^''fV'" '"^ tiscmeut in a ncw-p-ipcr shall be signed by the cliairman of the 
 mcut, meeting at which such notice shall be directed to be given, or 
 
 by the secretary or other olliccr of the Company, and shall be 
 advertised in the Canada C/azctlv and in such other newspapers 
 as the directors shall order, unl(>ss otherwise specially |irovi(led 
 by this Act, and the same shall thereupon Ix; deemed and con- 
 sidered the same ;;< personal notices. 
 
 Document •»3. Every summons, demand or notice, or other such docu- 
 
 signcdbyono ment requiring aullientication by the Comj)any, may be signed 
 sicretary t^J'"' ^V °"^ Director, and by the Secretary of the Company, and the 
 bedeemcdnu- same may be in writing or in print, or partly in writing and 
 thcntic. partly in ))rint. 
 
 1856 
 
 Directors may SS. It shall 1)0 lawful for the Directors of the said 
 
 apply for Company when it shall have been determined at a meet- 
 
 M toregistw ^"S "^ ^''^^ shareholders thereof, to apply for and obtain a 
 
 Royal Charter of Incorporation or an Act of the Parliament of 
 
 the 
 
2'> 
 
 Vict. 
 
 1858. Canada Landed Credit Co.—Incorp. Cap. 133. 
 
 IT 
 
 ■ Com- 
 
 \^ rifjccs as 
 
 »y, !ui(| to 
 
 •iirposc of 
 
 'gents and 
 
 t''i<> inan- 
 
 'N Wllfllso- 
 
 •li !jy-laws 
 
 "gnaiil lo 
 
 Acl; and 
 
 lall liiivo 
 
 •■' <<>|)V of 
 
 nif ()|"t|„. 
 
 t'd nndcr 
 Courts of 
 "II thcni, 
 
 iind in 
 111 <'<jiii'y, 
 Hk; seal 
 
 scaled 
 x'tn didy 
 
 ■d hy tlif 
 lo tians- 
 I addri'ss 
 
 1 period 
 delivery 
 
 of siieh 
 to prove 
 
 S so J)Ut 
 
 ' :idver- 
 n of the 
 veil, or 
 liidi |)(. 
 ■papers 
 ■ovided 
 id eon- 
 
 dooii- 
 ^is:ncd 
 nd tile 
 {,' and 
 
 !*aid 
 meet- 
 in a 
 ?nt of 
 
 the 
 
 the United Kingdom of Great Britain and Ireland, for granting Memorondum 
 to the nnid Company the powers and authorit'es in Great under Impo- 
 Britain necessary for carrying on und accomplishing the under- u.*'^"!"' 
 taking authorized by this Act, or to register a memorandum of nins Act. 
 association, or articles of association, under the provisions of 
 the Act of the Parliament of the United Kingdom, intituled, 
 Tht Joint Stock Companies Act of 1856, for the purpose of 
 nu)rc elfectually carrying out the objects of this Act in this 
 Province, or in any part of the United Kingdom of Great Bri- 
 tain and Ireland. 
 
 •14. In this Act, the following words and expressions fthall Interpretation 
 have tlie several meanings hereby assigned to them, unless clause. 
 there be something in the subject or context repugnant to such 
 construction, that is to say : words importing the singular Number. 
 numl)er, shall include the plural number; and words import- 
 ing the plural number, shall include the singular numbei' ; the Monib. 
 word " month" shall mean Calendar month ; the word g^ 
 "Secretary" shall 'nclude the word clerk ; the word "lands" '* '^' 
 shall extend to messuages, lands, tenements and heredita- I^nJs- 
 ments of any tenure. 
 
 •1*1. This Act shall be deemed a Public Act, and shall be Public Act. 
 judicially taken notice of as such, and shall apply to Upper 
 Canada only. 
 
 Schedules rejerred to in the foregoing Act. 
 
 SCHEDULE A. 
 
 By virtue of an Act of the Legislature of Canada, passed in 
 the year of the reign of Queen Victoria, intituled : 
 
 An Act to incorporate the Canada Landed Credit Company^ 
 We, the said Canada Landed Credit Company, in considera- 
 tion of the sum of dollars to us paid by 
 A. B., of , do hereby grant to the said A. B,, 
 his heirs and assigns, all {deserve the jtremises) together with 
 all ways, rights and appurtenances thereto belonging ; and all 
 such estate, right, title and interest in and to the same as we 
 the said Company are or shall become possessed of, or are 
 by the said Act empowered to convey. To hold the said pre- 
 mises to the said A. B., his heirs and assigns for ever. 
 
 Given under the common seal, this 
 in the year of our Lord, 185 . 
 
 SCHEDULE B. 
 
 day of 
 
 By virtue of an Act of the Legislature of Canada, passed inc 
 the year of the reign of Queen Victoria, intituled : 
 
 An Act to incorporate the Canada Landed Credit Company^ 
 I, A. B., of , in consideration of the sum of 
 
 2 paid 
 
|g Cap. 133. Canada Landed Credit Co. — Incorp. 22 Vict. 
 
 paid to mc by tlio said Canada Landed Credit Com- 
 pany, do hereby, pursuant to the said Act, convey to the said 
 Company, th(Mr MUcceHHors and assigns. Ail (describe the 
 properly), and all such estate, riglit, title and interest in and to 
 the same, as I am or shall become possessed of. To hold the 
 same to the said Company, their successors and assigns for 
 ever, subject to redemption on payment to the said Company, 
 their successors or assigns, of the said sum of , 
 
 at the time and in manner hereinafter mentioned, with interest 
 thereon at the rate of for every hundred dollars 
 
 by the year, payable half yearly, on the day of 
 
 and the day of 
 
 in every year : And the said A. B. for himself, 
 his heirs, executors, administrators and assigns, hereby cove- 
 nants with the said Company, their successors and assigns, 
 that the principal money so advanced shall be repaid by mctans 
 of the sinking fund under the management of the said Com- 
 
 f>any, of two dollars per centum (or other rate, but not to be 
 eaa thnn two per centum) for (he period of years, 
 
 or until the several sums so paid to the sinking fund, together 
 with such interest thereon as the said Company shall allow to 
 the said A. B. for the same, shall be equal to, and so shall have 
 paid off the said principal money now advanced. The first 
 payment to the said sinking fund shall be made on the 
 day of , and on the same day in every succeeding year 
 
 (add any special powers that may be agreed on.) 
 
 In witness whereof, I have hereunto set my hand and Seal, 
 the day of , in the year of our Lord 
 
 SCHEDULE C. 
 
 CANADA LANDED CREDIT COMPANY. 
 
 No. 
 
 These are to certify that A. B. is proprietor of the share No. 
 
 of the Canada Landed Credit Company, subject to the 
 
 rules, regulations and orders of the said Company, and that the 
 
 said A. B., his executors, administrators and assigns is and are 
 
 entitled to the profits and advantages of such share. 
 
 Given under the common seal of the Company, the 
 day of , in the year of our Lord 
 
 SCHEDULE D. 
 
 I, , of , in consideration 
 
 of the sum of paid to me by A. B. , 
 
 of , do hereby assign and transfer to the said 
 
 A. B. share (or shares) numbered , 
 
 of and in the undertaking called the Canada Landed Credit 
 ■ Company^ 
 
 I, A. B 
 
 Landed 
 to be my 
 matter rel 
 
said 
 
 1838. Canada Landed Credit Co.—Incorp. Cap. 133. 
 
 Company^ to hold unto the Haid A. B., HIh exccutorH, adminis- 
 tratoFH and anHii/ns, Hubject to the Naini! conditions an I held 
 the same immeuintely before the execution hereof, and I, the 
 said A. B., do hereby agree* to accept and take the said share 
 (or sharon) subject to the same conditions. 
 
 As witness our hands and seals, the 
 in the year of our Lord, 185 . 
 
 SCHEDULE E. 
 
 day of 
 
 CANADA LANDED CREDIT COMPANY. 
 
 Debenture No. 
 
 Transferable 
 
 Under the authority of an Act of the Province of Canada, 
 Vic, cap. 
 
 The President and Directors of the Canada Landed Credit 
 Company promice to pay 
 to or bearer, the 
 
 sum of dollars on 
 
 the day of , 
 
 in the year of our Lord 
 one thousand eight hun- |Of 
 dn^d and , at 
 
 the Treasurer's office here, jthe 
 with interest at the rate of at 
 
 COUPON. 
 
 CANADA LANDED CREDIT COMPANY. 
 
 No. 1. $ 
 
 Half yearly dividend due 
 
 185 , on Debenture No. 
 , issurd by this Company on 
 
 day of , 185 , for $ 
 per cent, per annum, payable 
 
 per cent, pr annum, .at the office of the Treasurer, To- 
 be paid half yearly on 'onto, (or at the Company's Agents, 
 
 London) 
 
 For the President and Directors, 
 
 A. B. 
 CD., 
 
 Secretary^ 
 
 to , _ 
 
 presentation of the proper 
 
 coupon for the same as 
 
 hereunto annexed, say on 
 
 the day of , 
 
 and the 
 
 day of , in each year, 
 
 at the office of the Treasurer here {or at their Agent's in London.) 
 
 Dated at Toronto, the day of , 185 . 
 
 For the President and Directors of the Canada Landed Credit 
 Company. 
 
 C. D., A. B. 
 
 Secretary. 
 
 SCHEDULE F. 
 
 1 A. B., of , one of the Shareholders of the Canada 
 
 Landed Credit Company, do hereby appoint C. D., of , 
 
 to be my proxy in my absence, to vote in my name upon any 
 matter relating to the undertaking proposed at the meeting of 
 
 Shareholders 
 
 19: 
 
2f Cap. 139. Canada Landed Credit Co.—Incorp. 22 Vict. 
 
 Shareholders of tho Company, to be held on the dav 
 
 of next, in Huoh manner ati the naid C. D. may think 
 
 proper. 
 
 Dated this 
 
 day of 
 
 , 186 
 
 jl 
 
 Witness. 
 
 A. B. 
 
 SOHEDULE O. 
 
 I hereby appoint , of , Esquire, one of the 
 
 Directors of tne Canada Landed Credit Company, to be my 
 proxy as Director of the said Company, and as such proxy to 
 vote for me at all meetings of tho Directors of tho said Cum- 
 
 Eany, and generally to do all that I could myself do as i<ach 
 lirector, ir personally present at such meeting. 
 
 Dated this 
 
 day of 
 
 , 186 
 
 A. B. 
 
 ToBOMTo: — Printed by S. DBsaiSHiBii It O. Dssbabat*, 
 
 Law Piintor to tlie dueen's Moat Kivwllsot Ml^uly. 
 
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 Vi 
 
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