duly constituted in writing, according to this Act, 
     
     or the By-laws. Rules and Ordinances of the said 
     
     Company, such Proxy being himself a shareholder 
     
     and entitled to vote. 
     
    
   
   
    
     VI. And be it further enacted, that all shares in 
     
     the said Company, and in the undertaking for 
     
     which it is established, and in the profits and ad- 
     
     vantages thereof, shall be deemed and taken to be 
     
     personal estate for all intents and purposes what- 
     
     sover, and shall be assigned and transferable ac- 
     
     cordingly; but no share shall be divisible or divided 
     
     or assigned in parts; and the several shareholders 
     
     or subscribers to the said undertaking respectively, 
     
     and their several and respective Executors, Ad- 
     
     ministrators and Assigns, shall not, except as herein- 
     
     after provided, be liable to any debts of or demands 
     
     against the said Company beyond the amount 
     
     of their several and respective subscriptions, or 
     
     the shares they may severally and respectively 
     
     hold or possess in the said Company; nor under any 
     
     calls or assessment,to be made by the said Company, 
     
     or Board of Directors, nor in any way, nor by any 
     
     means, nor on any pretence whatsover, be liable to 
     
     the payment ofany greater sum ofmoney in the whole 
     
     than the sum often pounds, on or for each several 
     
     share subscribed for or held by or standing in the 
     
     name of such subscriber or shareholder at the time 
     
     of ordering any call or assessment; and that the 
     
     said sum of ten pounds shall include all the calls 
     
     and payments to be made on one share, and that no 
     
     greater sum than ten pounds in the whole shall be 
     
     paid on any one share in the said Company. 
     
    
   
   
    
     VII. And be it enacted, that the said Joint 
     
     Stock and real and personal estate of the said 
     
     Company, shall be liable for and subject to the pay-v 
     
     ment of all debts contracted by the said Company, 
     
     and that none of the present or future members of 
     
     the said Company shall be liable tor the payment of 
     
     any debt contracted beyond the amount of the calls 
     
     and assessments due and unpaid on the shares ofthe 
     
     stock held by such individual member. 
     
    
   
   
    
     VIII. Provided always, that ifthe Directors ofthe 
     
     said Company shall, by any contract or engagement, 
     
     incur any responsibility for any sum or sums of 
     
     money beyond the amount of the shares subscribed 
     
     for, without the sanction of the said Company first 
     
     had and obtained at some general or special meeting 
     
     of the said Company to he called and summoned 
     
     agreeably to this Act, or the By-laws of the said 
     
     Company, the Directors of the said Company shall 
     
     themselves be held personany liable for the amount 
     
     so by them incurred. 
     
    
   
   
    
     IX. The shares subscribed for by any party in 
     
     said Company shall be payable in such manner, by 
     
     such instalments and calls, at such times and upon 
     
     such notices as the Directors shall appoint, or as by 
     
     the By-laws, Rules and Ordinances of the said 
     
     Company may be ordered and directed; and if such 
     
     calls and instalments shall not be paid, it shall and 
     
     may be lawful for the said Company to sue for and 
     
     recover such calls and instalments by suit or action 
     
     in any Court ofLaw having jurisdiction, against any 
     
     shareholder who shall make default in payment of 
     
     any call or instalment. 
     
    
   
   
    
     .X. Certificates of Stock shall be, from time to 
     
     time, issued by the Directors to the Shareholders 
     
    
   
   
    
       
     
    
   
   
    
     ROYAL GAZETTE. 
     
    
   
   
    
     for the number of shares held or taken by each, and 
     
     thereupon the rights and liabilities of a Stockholder 
     
     shall immediately attach in respect of such shares. 
     
    
   
   
    
     XI. The said shares, or any of them, may not be 
     
     assigned to any person not being a shareholder in 
     
     the said Company without the holder thereof first 
     
     making offer ofthem to the Board of Directors, who, 
     
     or any other shareholder whom they may name or 
     
     secure for that purpose, shall be entitled to receive 
     
     an assignment ofthe shares so olfered, on giving as 
     
     high a price therefor as can be obtained from anv 
     
     other person; and any person becoming an assignee 
     
     ofany shares in the said Company shall, after sign- 
     
     ing an acknowledgment of his acceptance thereof, 
     
     and lodging the same with the Directors. be entitled 
     
     to the rights and subject to the liabilities of a Stock- 
     
     holder. ‘ 
     
    
   
   
    
     XII. There shall be an annual general meeting of 
     
     the Shareholders in every year, of which at least 
     
     fourteen days notice shall be given in one or more of 
     
     the newspapers published in this Island, at such 
     
     time and place as the Directors shall appoint, and 
     
     such meeting shall be held on the first Thursday 
     
     in January in each year, with power to adjourn from 
     
     time to time, when Directors shall be elected by 
     
     ballot; but no shareholder to be entitled to vote who 
     
     shall not have paid up all calls made upon him, or 
     
     who shall be in arrears to the Company in any way. 
     
    
   
   
    
     XIII. Special meetings of the Company shall be 
     
     called by the Directors, upon the requisition of ten 
     
     shareholders. giving ten days notice thereof, pub- 
     
     lished in one of the public newspapers of the 
     
     Island, stating the purpose for which it is called, at 
     
     which meeting no other business than that for which 
     
     the meeting is specially called, shall be entertained; 
     
     the votes to be taken by ballot as at the annual 
     
     meeting. 
     
    
   
   
    
       
     
    
   
   
    
     CAP. XXXV. 
     
    
   
   
    
     An Act to Incorporate the Charlottetown \Voollen 
     
     Factory Company. 
     
    
   
   
    
     [Passed May 11, 1866.] 
     
    
   
   
    
     E it enacted by the Lieutenant 
     
     cil and Assembly : 
     
    
   
   
    
     I. That David Laird, Alexander McMillan,George 
     
     Henry Lockerby, James Laird, junior, David 
     
     Munro Fraser and William Henry Hyde, their as- 
     
     sociates, successors or assigns, be and the same 
     
     are hereby declared to be a Body Corporate, by 
     
     the name of the “ Charlottetown \Voollen Factory 
     
     Company,” and that they shall be persons able and 
     
     capable in law to have, get, receive, take, possess 
     
     and enjoy houses, lands, tenements, hereditaments 
     
     and rents, in fee simple or otherwise, and also goods 
     
     and chattels and all other things real, personal or 
     
     mixed, and also to give, grant, let or assign the same, 
     
     or any part thereof, and to do and execute all other 
     
     things in and about the same as they shall think 
     
     necessary for the benefit of the said Corporation; 
     
     and also that they be persons able in law and capable 
     
     to sue and be sued, plead and be impleaded, answer 
     
     and be answered unto, defend and be defended in 
     
     any Courts of Law and Equity, or any other places 
     
    
   
   
    
     Governor, Coun- 
     
    
   
   
    
     Q