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 Collection de 
 microfiches 
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 Canadiati Institut* for Historical Microroproductiona / Institut Canadian da microraproductiont hittoriquaa 
 
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 Ttchnical and Bibliographic Notts / Notat tachniqua* at bibliographiquat 
 
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 first page on ffdie. 
 
 This item is filmed et die reduction ratio checked below/ 
 Ce document est film* eu taux de reduction indiqui 
 
 ci-dessous. 
 
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 Th* eopV fiiin«d-h«r« hat bMn rtproduMd th«fikt 
 to^ th« g«iM^ositv of : 
 
 Library of the National 
 Arehivas of Canadb 
 
 quality 
 togibillty 
 
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 poaaiblii conaMaring tha condition' 
 of tht oHginal copy and In kaapkig 
 filming contraet apacifiiBatlona. 
 
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 baginning with tha front aovar and aiidlng oii 
 tha laat paga with.a printad or Hhiatrptad Impraf* 
 afon, or tlia back eova^ whan apprp^riata. AH 
 othar original copiaa'ara fMmad baginning on tho 
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 aipn^and andiiig an tha laat paga with a printad 
 or Hhimtid Impriiiion. 7 
 
 Tha laat racordod frama on aqch microfleha 
 alMll contain tha symbol ^►(maaplng "CON- 
 TINUED"), or tha symbol ▼ (maaning "END"), 
 whiehavar appHaa. 
 
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 baginning In tha Mppar iaff hand comar. laft to 
 right and top lo iMmom, aa many fraihaa aa 
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 maAiod: 
 
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 tpiaira filmA f ut raproduit grica i la 
 liti da: 
 
 U biUiotMqua d«s Arahivas 
 nationaiat du Canada 
 
 la$ imagas suivantas ont 4t* raproduitas avac la 
 
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 a nattatA da I'axamplaira filmi. at an 
 formM avac laa conditions du contrat da 
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 cas: la symbols "-^ signifia "A SUIVRE". la 
 symbola ▼ signifia "FIN". , 
 
 Laa cartaa. planchas. tabiaaui ate. pauvant «tra 
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 Lorsqua la document est tropjirand pour Atrb 
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 da I'engle supMeur gauche, da gauche i droite. 
 et do haut en baa. an prenant la nombre 
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 Pkt'ition o/ the Grand Trunk JKaiLway Company of (janada /o the 
 O^jTARio LegisiAture, for a Declaratory Act respecting the 
 Toronto, Grey and Bruce Railway Legislation of tSSt. 
 
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 Id the 3pon<mrablc, tKe JCcgtslatibe J^aeciubln of the Iprobincc 
 .of OOntiirio, in p-avliamcnt aaacm^lctj. . ^ . 
 
 THE /petition OF THE GRAND TRUNK RAILWAY 
 - 'company OF CANADA, ' f ^ 
 
 REsn:ctKui.LV Siikweth : 
 
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 \\ In the early part of the year 1880, the Toronto, Grey and Br-uee 
 Raflwray Company was in default in the payment of interest upon its 
 Bonds, and the Shareholders of Ihe said Company voluntarily yieldedl up 
 places on the Board of the Company to, be filled by r^resentatives of the 
 Bondholders. . ' ; ' n 
 
 2. So entirely satisfied were tijie said Bondholders with this aFfange- 
 ment, that on the rSth'June. 1880, they formally passed a vote of thanks 
 to the representatives of the Shareholders for resigning their seats at the 
 Board, and thereby allowing the Bondholders^© have a fiill representation 
 on the Board. , 
 
 3. The Board of the said Company so constituted and representing 
 the Bondholders, thereafter pressed upon your Petitioners, the Grand 
 Trunk Railway Company, the favourabl.e consideration of a proposition 
 for the efficient \vorking of the line of the sd^ Toronto, Grey an^ Bruce 
 Railway Company by your Petitioners. i g 
 
 4. It being deemed necessary to obtain for the said Toronto* GrSr 
 and Bruce Railway Company legal powers to enter into such an agreernei)!, 
 the said Board, so constituted as aforesaid, applied to the Legislature; of 
 the Province of Ontario, at its last Session, for an Act to confer suth 
 power upon the said Company. 
 
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 5. Accordingly an Act was duly passed (44 Vic, cap. 74, sec. 14), 
 whereby such an agreement was authorized to be made with the /assent, in 
 the first instance, of the said Directors, whoko represented the said Bond- 
 holders, and also with the assent of two-thirds of the Shareholders of the 
 said Toronto, Grey and Bruce RailwayCompany, present or represented at 
 a special meeting to be called for- the purpose. 
 
 6 The provisions of the said Act, under which an agreement between 
 the said Toronto, Grey and Bruce Railway Company and your Petitioners 
 was authorized, were heartily supported by the various municipalities which 
 had originally granted bonuses to the amount of about a million of dollars 
 in aid of the said Company, and which continue to be deeply interested in 
 the efficient working thereof. , . 1 - 
 
 7. Uifider the provisions of the said Act ftnd the Acts respecting your 
 Petitioners' Coippany, an agreement for the wcirking by your Petitioners of 
 the s^d Toronto, Grey and Bruce Railway \yas entered into, dateJ the 
 13th day of May, 1881, by the Directors of Wour Petitioners' Cpmpany, 
 and by the said Directors of the Toronto, Grey and lirucc Rartlway Com- 
 pany, and the said agreement was duly signed an^d sealed with the 
 respective seals of the said Companies, and wa4 duly sulynitted to and ap- 
 proved of by tho proprietors of your Petitibfters' (^ompany, and was also duly 
 submitted to and approved of by more than twoi-thirds of t)ie Shareholders 
 of the said Toronto, Grey and Bruce Railway Com*pany, present or repre- 
 sented at a special meeting called for the purpose— the vote of Shareholders 
 be'ing.four thousand seven hundred and ^ixty-four (4,764) in favour of/ 
 said agreement, and only one thousand four hundred and ten (1,410) 
 against it ( ' ^ _ * 
 
 8. Before the said agreement was carried into effect a cl(Hre in the 
 control of the prbprietaiy interests in the said Toronto, Grey aid Bruce 
 Railway Company took place, and the present, Board of the said Copipany 
 seeks to repudiate the said agreement, and refuses to carry it into effect. 
 
 9. In order to justify such refusal it is pretended that when the 
 Legislature enacted that the assent of two-thirds of the "Shareholder^ 
 of the said Company should be necessary to Sanction said agreement, the\ 
 said Legislature did not mean the holders of the shares of the capital stock of 
 said Company, but was intended to include certain Bondholders as well ; 
 whereas in fact, and in truth, the Legislature clearly understood and in- 
 tended that after such agreement had been entered into by the said Board 
 of the Toronto, Grey and Bruce Railway Company, so representing the 
 Bondholders as aforesaid, the oppoi;tUnily should also be given to the 
 Shareholders to consider and accept or reject the same. 
 
 10. Your Petitioners have acted in entire good faith in entering into 
 .the said ag^reement on their part, and it was only completed after much 
 
 • time, trouble and expense, and all arrangements had been maide by your 
 Petitioners to cany it out v^rously and efficiently. 
 
 
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 II. Your petitioners Kubmit that such agreement ouj^ht wot to be. 
 repudiated on any technical pretence, but that thelrue meaning' Hnd. intent 
 of the said Act oT last Session should now Ik: declared by your liunour- 
 able HoUT^c, and the said agreement confirmyd. 
 
 12 That prcKccdirigs have beoii' taken in Courts of Law on the one 
 side to confirm and to carry out th^ said agreement, and oi> the other to 
 set it aside; and such litigatioiviL^ certain to ue very. costly, ami to be 
 contested and appealed at every point; si) that the dispute will probably 
 continue for some years, to the detriment of the; efficient working of the 
 line and to the public disadvantagic, unless the Legislature shall at once 
 and authoritatively declare the true intent and meaning of said word 
 " Shareholders > in the said Act of last Session. \ 
 
 Your Petitioners therefore pray 
 
 That your [honourable House may be pleased to pass 
 an Act declaring that the word " Shareholders" in the said 
 ' fourteenth section ofHhe said Statute, passAl in the forty- 
 
 fourth year of Her -Majesty's reign, chaptered seventy- 
 four, shall be held and takei; to mean the holers of shares 
 , in the capital stock of the said Toronto, , Grey and Bruce 
 
 t 'Railway Company,, and that the said agreement herein- 
 
 before mentioned may be declared to be legal and bindinc^ 
 
 ' ' And your Petitioners will ever* pray, etc. 
 
 For the Grand Trunk Railway, 
 
 ' ^Signed), Joseph HicKSON, 
 
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