ROYAL GAZETTE.

1“ A:

the.,.sgid. Cbmp’any {01; the, ensuing year shall befle‘lected by ballot in the“ fellowing manner, namQIYLZ—r—The shareholders'shall first 'eleet three Directors out of the seven, who have servedj'forthe preceding year, provided they shall be willing again to accept Office, and shall then elect four others from the shareholders of the Company, indiscriminately; and if all or any‘of, the. retiring Directors shall refuse to be X's-elected,“ the-said shareholders shall proceed to. the'election of othersOf the Company until theffull number .of Directors be completed. Provided always that no person concerned or interested in any contract under the said Com- pany shall be capable of being chosen, or if chosen,_of continuing a-D’irector of the said Company; and no person during the time he shall: be suCh Director. shall be capable of ta'kiiig any contract under the said Company, when and so often as any Director named or elected by virtue of this Act shall die, or shall resign, or shall become disqualified or incompe- tent to ‘act as such Director before his term of office‘shall have expired, ’ it shall be lawful for theiremaining Directors to elect some other pro- prijetor‘d’uly qualified to fill up such vacancy.

XI. If from neglect or any other cause the saidAnnual General Meeting Should not be held, the Directors last chosen shall continue to act; an'dthave the same powers that they had and were possessed of until the next Annual General Meeting, or until new Directors shall be chosen 'or appointed as aforesaid.

, XII. The Directors who shall first be chosen underthe provisions of this Act, shall with all convenient speed, proceed to draw up a code of albye-laws, rules and regulations, for the government of the said Company, and the conduct and management of its affairs and basiness, and shall submit the, same to be altered, amended and confirmed by a committee selected; and appointed at, the- first general meeting, ,or some other, meeting of the said Company, to superintend; the same; and .it shall be lawful for the said Company fromtime to time and as often as may be deemed neces- qsary,for the purpose of carrying on the business of the said corporation, to sell further shares therein, and every purchaser of such shares shall be entitled to all the privileges and ad- vantages of other shareholders in the said Company.

XIII. The Directors of the said Corporation

shall be authorized and e‘inpbwered'at time, by and with; the assent of" two-thirds :o‘t‘the shareholders 'to”, ‘be' 'given,‘ writing: Titian}? general or special “meetingrregularly contests; and not otherwise ;' ' to. borrow‘on mortgagebof the property belonging to the said Corporation, such sums of money‘as may be 'required’fdr‘ the uses th'eredf, er absolutely to sell and‘dis; pose of the real estate and property of the said Company, if deemed expedient; and the said Directors are hereby authorised to .‘convey in mortgage any lands or 'real estate of the said Corporation for the purpose of securing'the' moneys to be borrowed as aforesaid ; or. in case of an absolute saleof the said real estate,or,any. part thereof, to grant and convey the same, and'to make the necessary deeds and convey. anees for that purpose. ' ~ .. I: XIV. Provided always that nothing herein contained shall be held or construed to' We to the said Company the privilege ofi'd'eazling in the lending of money, by way of discount or otherwise, 'or of engaging in' any" banking operation whatsoever, or to effect any in- surance upon any ship or vessel, or marine risk, or upon any loss by fire, or upon any'life or lives. I - ~ 1‘

An Act to repeal twoeertain Acts com} pelling Masters ofVessels to exhibit a Light while in Harbor at night time, and to make other provisions.'in...liflu

thereof. ‘ ~ t». - _ ’ [Passed May 17‘, 13367; g HEREAS the‘ Act‘of the-Twent-ninth Victoria, “Chapter six, intituled ‘1‘ an Act to compel Master’s of Vessels to exhibit a” ilight while in llarbor at nighttime,” Ais‘inzrsdme'res- pects inconsistent with the “.Regulations'for preventing collisions at Sea,” issuedzin:<‘pursn- ance of the Imperial Act, intituled x“ The-Men chant'Shipping '-Act Amendment 2316,1862,”- and of an Order in' Council,‘-‘darted the ninth January, A. -D. 1863, and. it ‘is'i_,deemed' ‘ex- pedient to repeal and amend-the same ,1 and whereas collisions and other accidents have occurred, and may occur, in consequence of Vessels, while lying at anchor in the night time in the several harbors in this Island, not ex- hibiting Lights : Be it therefore enacted by the Lieutenant Governor, Council and Assembly, as follows :— ' ‘ '

I. Every Ship or Vessel, whether Steamship