

     RtYAL 
     
    
     GAZETTE 
     
    
     Charlottetown, Prince Edward Island, Augu t22, 1866. 
     
    
     JOHN INGS, QUEEN’S PRINTER. 
     
    
     o 
     
    
     I" 
     
    
     LAWS OF PRINCE EDWARD ISLAND. 
     
    
     C A P . X X X I V . 
     
     An Act to Incorporate the Mechanics’ Fishing 
     
    
     Company of Charlottetown. 
     
    
     [Passed May 11, 1866.] 
     
    
     HEREAS John Cairns, John Ross, Neil Mac- 
     
     V Kelvie, Archibald White, Alfred Purchase, 
     
     together with divers others, have associated them- 
     
     sélves into a Company for the purpose of carrying on 
     
     the business of a Fishing Company, which said 
     
     Company is, in the ﬁrst instance, to have a Capital 
     
     or Joint Stock of Five thousand pounds, divided 
     
     into shares of Ten pounds each; and whereas 
     
     it is expedient that such Company should be incor- 
     
     porated : 
     
    
     I. Be it therefore enacted by the Lieutenant 
     
     Governor, Council and Assembly, That the said 
     
     John Cairns, John Ross, Neil McKelvie, Archibald 
     
     \Vhite, Alfred Purchase, and all and eVery other 
     
     person or persons, who now are or hereafter may, 
     
     from time to time, be and become Proprietors of 
     
     shares in the said Company, their successors and 
     
     assigns, shall be and they are hereby declared to be 
     
     a body politic and corporate, by the name and style 
     
     of “ The Mechanics’ Fishing Company of Charlotte- 
     
     town,” and by that name shall have succession and 
     
     a common seal, and sue and be sued, implead and 
     
     be impleaded, answer and he answered unto, defend 
     
     and be defended in any Court or Courts of Law or 
     
     Equity, or place ‘whatsoever, and be able and 
     
     capable in Law to have, hold, purchase, lease, pos- 
     
     sess and enjoy any houses, lands and tenements 
     
     whatsoever, in fee simple: leasehold or otherwise, 
     
     and also ships, vessels, (in accordance with the Acts 
     
     in force respecting the mode of holding, acquiring 
     
     and transmitting a title to the same), and any goods 
     
     or chattels, and to sell, assign, convey and transfer 
     
     the same, or any part thereof, as may be thought 
     
     necessary for the beneﬁt ofthe Company; Provided 
     
     always, that the said Company shall not at any one 
     
     time possess lands or real estate of greater value 
     
     than three hundred pounds. 
     
    
     11. It shall be lawful lor the said Company to con- 
     
     struct, acquire, charter, navigate and maintain, ves- 
     
     sels and boats for the purpose of carrying on the 
     
     Fisheries, with poxver to sell or dispose ofthe same, 
     
     or any ofthem, or grant or consent to Bottomry or 
     
     other Bonds on the same, or mortgage the stock of 
     
    
     {the Company, or any part thereof, when and as 
     
     ithey may deem necessary,‘and to make contracts 
     
     and agreements with any person or Corporation 
     
     whatsoever for the purposes aforesaid, or otherwise 
     
     for the beneﬁt ofthe said Company. 
     
    
     Hi. It shall be lawful for the said John Cairns, 
     
     John Ross, Neil McKelvie, Alfred Purchase and 
     
     Archibald White, immediately after the passing of 
     
     this Act, to take subscriptions for shares in the 
     
     said Company; but no person shall be entitled to 
     
     subscribe for or take in his own name more than 
     
     twenty shares altogether. - 
     
    
     IV. When one-fourth of the whole of all the said 
     
     shares or Joint Stock of the said Company, as here- 
     
     in prescribed, shall be taken up and subscribed for, 
     
     it shall and may be lawful for the said Company, by 
     
     a majority of votes at any meeting or meetings to be 
     
     thereafter held, the ﬁrst ofsuch meetings to be called 
     
     by the said John Cairns, John Ross, Neil Mac- 
     
     Kelvie, Archibald \Vhite and Alfred Purchase, 
     
     or a majority of them, to appoint, by ballot, seven 
     
     Directors, not holding less than ﬁve shares of the 
     
     Capital Stock of the said Company, who shall have 
     
     power to elect from among themselves a President, 
     
     and to make By-laws, such By-laws, Rules and 
     
     Ordinances, when deemed necessary, for prescrib- 
     
     ing the duties, powers and authorities of the Presi- 
     
     dent, Directors and ofﬁcers of the said Company for 
     
     regulating the payment, transfer, registration and 
     
     forfeiture of shares, the time of meetings ofthe said 
     
     Company, or of the Directors, the making of divi- 
     
     dends of proﬁts, and the keeping of the accounts, 
     
     and generally for the good order, conduct and gov- 
     
     ernment of the said Company, its affairs and busi- 
     
     ness, as may be requisite and necessary; the same 
     
     By-laws, Rules and Ordinances, before becoming 
     
     of any force or effect, to be submitted to and ap-. 
     
     proved of by any meeting ofthe shareholders of the 
     
     said Company held under this Act. 
     
    
     V. At any general meeting'of the said Company 
     
     every Proprietor or Shareholder, having paid up 
     
     all calls made upon him, and then due and payable 
     
     under the By-laws, Rules or Ordinances of the 
     
     Company, shall be entitled to vote according to the 
     
     number of shares held by him, that is to say, the 
     
     owner of one share shall have one vote, the owner 
     
     of ﬁve shares two votes, the owner of ten shares 
     
     three votes, and the owner of twenty or a greater 
     
     number of shares to have four votes, and no more; 
     
    
     and may give such Vote or votes by his or her Proxy,