212 
     
    
   
   
    
     4—? 
     
    
   
   
    
       
     
    
   
   
    
     ROYAL GAZETTE. 
     
    
   
   
    
       
     
    
   
   
    
       
     
    
   
   
    
     j 
     
    
   
   
    
       
     
    
   
   
    
     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, 
     
    
   
   
    
     3’ first 
     
    
   
   
    
       
     
    
   
   
    
       
     
    
   
   
    
     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