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ROYAL GAZETTE.

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V. , That the joint property or stock of the said Company shall be alone liable for its'debts or’i’engagements, and that no" proprietor or shareholder in the said Company shall be or become responsible, chargeable or accountable, by any ways or means, for any other or greater sum of money than the amount of the shares which he shall actually and bona fide possess or beRentitled to in the capital or joint stock of the'said Corporation. ’

VI. That all such lands and real estate as thesaid Company may hold at any time, or so much thereof as may be necessary to satisfy any writ of execution issued upon any judg- ment obtained against the said Company, shall and may.- be taken upon such writ, and sold in the same manner and with like notices, .pro— ceedings, and equity of redemption, as- the lands of private persons may be taken, levied on, and sold according to law ; and the Sheriff shall, immediately after such sale, make and eigecute a deed to the purchaser, which deed shall convey and transfer all the estate and in- terest cf the said . Corporation in the lands so taken, sold, and conveyed.

"VII. That the general annual meeting of the said Company shall be held on the first Monda in February in every year after this present ye‘arpat' some convenient place in the city of Charlottetown, to be appointed and duly noti- fie'd‘to the Company by the Board of Directors, and that special meetings of the Company shall be summoned by the Directors when they shall deem thesame necessary, or whenever a requi- sition in writingtherefor shall be delivered to the. Board, signed by. ten. shareholders, and specifying the object of such meeting, provided always that at least-ten days notice of such :sp'ecial meeting, and of the object thereof, shall bewgiven in some two of the public newspapers, published in Charlottetown aforesaid, and that all-.‘s‘uch general or special meetings may be adjourned fromtime to time, and from. place to place, as maybe found expedient.

'iiVIII. That at any annual or special meeting of the Company, each proprietor or shareholder having paid up all calls upcn him made, and then due and payable, shall be entitled to vote as follows, namely :—-The owner cf one share to 'have one vote ; the owner of two shares to have two votes ; and the owner of five'shares or a greater number of shares, to have three votes,

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and no more ; and the said preprieter may give such vote or votes by his proxy,i‘n writingfinly constituted according to the ByerLa'ws,',;fsneh proxy being a shareholder and‘entitled' to vdté ; and every such vote by proxy shall blelas'g‘fo’cfd and sufficient, to all intents and purpcsesi,"asif such principal had voted in person, and at every meeting of the Board of Directors each Director shall have one vote only ;‘_~ and every question, matter or thing which'sh‘all be considered or discussed at any meeting of the Board of Directors, shall be determined by the majority of votes then given by the Direc- tors then present; and in case it should’so happen that at any general or special meeting of the Board of Directors the votes shall be equal, then the Presilent of the Company, or inihis absence, the Chairman of the meeting or efthe Board, shall be entitled to a casting vote in ads dition to his own personal vote. ‘ ' '

IX. That as soon after the passing of this Act as may be convenient and deemed ea,- pedient, the said five persons first named in this Act, or any three of them,'8ball by public advertisements, to be printed in atleast two of the newspapers in Charlottetown, dur- ing ten days, appoint a day and place fer the general meeting of the subscribers, and.‘ shall assemble such meeting; and a‘ chairman thereof being chosen from among the subScribers present, with a secretary, the Company here}; incorporated shall be” formed and organized): and go into operation under this Act; and the said subscribers, then and there present, or their proxies, shall and may forthwith in the manner prescribed, proceed to elect seven Di- rectors (cne of whom shall be chosen bythe said Directors-by ballot, as Presiden~t),‘and a Secretary, and the said Directors and Secretary so to be elected, shall hcld, exercise, and enjoy and retain their respective offices, from-the day of such their election, until ‘the first annual meeting thereafter, and thence 'con- tiuually until a new choice of otiicers be made by the Company, pursuant to this Act and-the by-laws of the said Company: provided always that no person shall at the said meeting'c‘r any subsequent meeting at which officers shall’be elected, be deemed eligible to chiCe unless such person shall be at the time of such elec- tion of oflicers a shareholder «of said Company.

X. That at the general annual meeting of the Company in each year, the Directors of