EDWARD WIIl-ILAN, QUEEN‘S PRINTER. 
     
    
   
   
    
     VOL. l.-——NU. L’U. 
     
    
   
   
    
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     Charlottetown, Prince Edward Island, \Vedncsday, July 24, 1867. 
     
    
   
   
    
       
     
    
   
   
    
       
     
    
   
   
    
     LAWS OF PRINCE  
     
    
   
   
    
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     “WM 
     
    
   
   
    
     An Act for the incorporation of a Flax 
     
     Company in Prince Edward Island. 
     
    
   
   
    
     [Passed May 17, 1867.] 
     
    
   
   
    
     E it enacted by the Lieutenant Governor, 
     
     _ Council and Assembly: 
     
    
   
   
    
     I. That James Douglas IIaszard, TheOphilus 
     
     DesBrisay, Peter Warwick Hyndman, George 
     
     Davies, William Eddison Dawson, Simon 
     
     Davies, their associates, successors or assigns, 
     
     be, and the same are hereby declared to be a body 
     
     corporate, by the name of the “ Prince Edward 
     
     Island Flax 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, r‘aI, personal or 
     
     nixed ; and, also, to give, grant, let, or assign 
     
     Lhe 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 sac 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 whatsoever, in as full and ample a 
     
     manner as any other person or persons are in 
     
     law capable of suing and being sued, pleading 
     
     and being impleaded, answering and being 
     
     answered unto; and, also, that they shall have 
     
     one 'Common Seal, to serve for the cnse: ling all 
     
     and singular their Grants, Deeds, Conveyances, 
     
     Contracts, Bonds, Articles of Agreement, 
     
     Assignments, Powers and Warrants of Attorney, 
     
    
   
   
    
     and all and, singular their att‘airs a rd things 
     
    
   
   
    
       
     
    
   
   
    
       
     
    
   
   
    
     touching and concerning the said Corporation, 
     
     and shall, at all times, have full power, autho- 
     
     rity and license to constitute, make, ordain and 
     
     establish such by-laws and ordinances as may 
     
     be thought necessary for the good rule and gov- 
     
     ernment of the said Corporation: provided that 
     
     such by-lai is and ordinances be not contradictory 
     
     or repugnant to the Laws or Statutes of this 
     
     Island. 
     
    
   
   
    
     II. The Capital Stock of the said Corpora- 
     
     tion shall consist of Five thousand pounds, divi- 
     
     ded into one thousand shares of five pounds 
     
     each. 
     
    
   
   
    
     III. The said Corporation shall have full 
     
     power and authority to take, receive, hold, 
     
     possess and enjoy, in fee simple or otherwise, 
     
     any lands, tenements, real estate and rents to 
     
     any amount, not exceeding in value the sum of 
     
     Four thousand pounds; and the said Corporation 
     
     shall have full power to sell, lease, mortgage or 
     
     otherwise dispose of the said preperty and 
     
     estate as it may deem proper. 
     
    
   
   
    
     IV. Whenever forty shares ofthe said Capital 
     
     Stock shall have been subscribed a general 
     
     meeting of the Shareholders of the said Com- 
     
     pany, or the major part of them, shall take 
     
     place, by notice in two newspapers published 
     
     in Charlottetown, fourteen days previous to 
     
     such meeting, for the purpose of making, 
     
     ordaining and establishing such by—lavs, rules 
     
     and regulations, for the good management of 
     
     the affairs of the said Corporation, as the 
     
     members thereof shall deem necessary; and, 
     
     also, for the purpose of choosing seven Directors, 
     
     being members of the said Company, and hold- 
     
     ing not less than three shares each in the Capital 
     
     Stock ofthe said Corporation, which Directors so