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     EDWARD WIIELAN, QUEEN’S PRINTER. 
     
    
   
   
    
     VOL. l.- NC. 12. 
     
    
   
   
    
     Charlottetown, Prince Edward Island, Wednesday, August 7, 1867. 
     
    
   
   
    
     LAWS OF PRINCE EDWARD ISLAND. 
     
    
   
   
    
     An Act to Incorporate an IIotel Com- 
     
    
   
   
    
     pany in Charlottetown. 
     
     [Passed May 17, 1867. 
     
    
   
   
    
     IIEREAS the establishment of an Hotel 
     
     in Charlottetown will prove highly ad- 
     
     vantageous to the City and the travelling 
     
     public ; and whereas several persons have now 
     
     associated themselves for the purpose of build~ 
     
     ing an Hotel, and have applied for an Act of 
     
     Incorporation of the same : Be it therefore on- 
     
     acted by the Lieutenant Governor, Council and 
     
     Assembly, as follows 1—— 
     
    
   
   
    
     1. James College Pope, John Ings, James 
     
     Peakc, George Pcake, and Thomas IIandraban, 
     
     and all and every such person or persons as shall 
     
     from time to time become proprietors of shares in 
     
     the Company and undertaking hereby estab- 
     
     lished, and their respective successors, execu- 
     
     tors, administrators and assigns, shall be and 
     
     they are hereby declared to be a body politic 
     
     and Corporate, by the name of the Charlotte- 
     
     town Hotel Company, and by that name shall 
     
     have a perpetual succession and a common 
     
     Seal; and by that name shall and may sue, 
     
     and be sued, plead, or be impleaded, in all 
     
     Courts of Law or Equity within this Island. 
     
    
   
   
    
     II. That the said Company shall and may 
     
     take, purchase and hold any lands, houses, 
     
     tenements and hereditaments in fee simple or 
     
     otherwise, and also, rents, monies, securities 
     
     for monies, goods and chattels, and shall and 
     
     may demise and let, sell and convey or mortgage 
     
     the same or any part thereof. subject to the 
     
     restrictions hereinafter mentioned; and do 
     
     and execute all other things in and about the 
     
     same, which may be necessary and proper for 
     
    
   
   
    
       
     
    
   
   
    
       
     
    
   
   
    
       
     
    
   
   
    
     w- a: I 
     
    
   
   
    
     the benefit of the said Company, and shall haw 
     
     full power and authority to make and establish 
     
     such Bye—Laws and ordinances as may from 
     
     time to time be required ; and to alter or 
     
     amend the same, provided such Bye-Laws and 
     
     ordinances be not contrzulietory or repugnant to 
     
     the Laws and Statutes of this Island : Provided 
     
     always that the said Company shall not hold 
     
     and possess at any one time real estate to a 
     
     greater value than ten thousand pounds. 
     
    
   
   
    
     III. That the capital of the said Company 
     
     be divided into shares of ten pounds each share, 
     
     and such shares shall be assignable and, trans-i 
     
     ferrable in such manner and upon such terms as 
     
     by the said Bye-Laws may be provided and di- 
     
     rected ; and that, notwithstanding any real 
     
     estate which the said Company may hold at any 
     
     time, the shares and interest of the several shares 
     
     holders, of and in the capital stock and funds or.‘ 
     
     the said Company, shall be held and deemed to 
     
     be personal property to all intents and purposes. 
     
    
   
   
    
     IV. That the several. persons who now are. 
     
     or hereafter may become subscribers toward: 
     
     the said undertaking shall, and they are here- 
     
     by required to pay the sums of money by them 
     
     respectively subscribed in such proportion and 
     
     at such time and places as shall be directed 
     
     by the said Bye—Laws; and in case any person 
     
     shall neglect or refuse to pay the same at the 
     
     time and in the manner required for that pur- 
     
     pose, it shall be lawful for the said Company 
     
     to sue for and recover the same in any Court 
     
     of competent jurisdiction: Provided always, 
     
     that it shall not be lawful for the said Company 
     
     to call for or require any shareholder in the 
     
     said Company to contribute or pay any larger 
     
     sum than the amount of the share or shares 
     
     held by him as aforesaid.