ROYAL GAZETTE. 873 
     
    
   
   
    
       
     
    
   
   
    
     LAWS OF PRINCE EDWARD ISLAND. 
     
    
   
   
    
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     An Act to Incorporate the Wheatley River 
     
     Lime Company. 
     
     [Passed April 19, 1869.] 
     
    

    
     IIEREAS, the persons hereinafter nam- 
     
    

    
     ed, have formed themselves into a 
     
    

    
     Company for the making and burning of Lime, 
     
    

    
     and it is expedient that such company should 
     
    

    
     be Incorporated: Be it therefore enacted by 
     
    

    
     the Administrator of the Government, Council 
     
     and Assembly, as follows, that is to say :— 
     
    
   
   
    
     1. Alexander M’Alillan, I’hilip Robert Blatch‘, 
     
     Donald McKay, John .‘ilatheson, James Gregor 
     
     McCallum, Thomas A Chandler, and John 
     
     Hughes, their associates, successors or assigns, 
     
     shall be, and the same are hereby declared to 
     
     be a body corporate, by the name of the 
     
     “ \Vheatley River Lime Company ;” and they 
     
     shall be persons able and capable, in law, to 
     
     have, get, receive, take, possess, and enjoy, 
     
     houses, lands, ships, kilns, tenements, heredita- 
     
     ments, and rents, in fee simple or otherwise, 
     
     and 3130 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 they 
     
     shall 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 whatsoever, in all manner of actions, 
     
     suits, complaints, demands, pleas, causes and 
     
     matters, whatsoever, in as full and ample a 
     
     manner as any other or persons is, or are, in 
     
     law, capable of sueing and being sued, pleading 
     
     and being impleaded, answering and being an— 
     
     swered unto, and also that they shall have one 
     
     Common seal to serve for the ensealing all and 
     
     singular, their grants, deeds, conveyances, 
     
     contracts, bonds, articles of agreement, assign- 
     
     ment, powers and warrants of attorney, and all 
     
     and singular their affairs and things, touching 
     
     and concerning the said corporation, and shall, 
     
     at all times, have full power, authority and 
     
     license, to constitute, make, ordain and es- 
     
     tablish, such by-laws and ordinances as may be 
     
     thought necessary for the good rule and govern- 
     
    
   
   
    
     ment of the'said corporation: provided that 
     
    
   
   
    
     tory or repugnant to the laws or statutes of this 
     
     Island. 
     
    

    
     II. The capital stock of the said corporation 
     
     may consist of eight thousand pounds, divided 
     
     into sixteen hundred shares of five pounds each. 
     
    

    
     III. The said corporation shall have full 
     
     power and authority to take, receive, hold, 
     
     possess, and enj )y, in fee simple or otherwise, 
     
     any lands, houses, ships, kilns, tenements, real 
     
     estate and rents, to any amount not exceeding 
     
     in value, the sum of five thousand pounds, and 
     
     the said corporation shall have full power to 
     
     sell, lease, mortgage, or otherwise dispose of 
     
     said property and estate as it may deem preper. 
     
    

    
     IV. Whenever one hundred and fifty shares 
     
     of the said capital stock shall have been sub- 
     
     seribed, a general meeting of the shareholders 
     
     of the said company, or the major part of them, 
     
     shall take place by notice through printed hand- 
     
     bills, posted in at least six of the most public 
     
     places in the vicinity of said shareholders, at 
     
     least ten days previous to such meeting, for the 
     
     purpose of making, ordaining, and establishing 
     
     such by-laws, rules and regulations, for the good 
     
     management of the affairs of the said corpora- 
     
     tion , as the members thereof thall deem necessary, 
     
     and also for the purpose of choosing seven di— 
     
     rectors, being members of the said company, 
     
     and holding not less than five shares in the 
     
     capital stock of the said corporation, which 
     
     directors so chosen, shall serve until the first 
     
     annual meeting of the said company, and shall 
     
     have full power and authority to manage the 
     
     affairs of the said corporation, and shall com- 
     
     mence the Operations of the said company, sub- 
     
     ject, nevertheless, to the rules and by-laws of 
     
     the said company, and to the regulations here- 
     
     inafter made and provided. 
     
    
   
   
    
     V. There shall be a general meeting of the 
     
     members and stockholders of the said corpora- 
     
     tion, to be annually holden on the second 
     
     Saturday in January, in each and every year, 
     
     at Wheatley River, at which annual meeting 
     
     there shall be chosen by a majority of the said 
     
     members and stockholders present at such meet- 
     
     ing, seven directors, who shall continue in office 
     
     for one year, or until others are chosen in their 
     
     room. In the choice of which directors, the 
     
     members and stockholders shall vote according 
     
     to the rules hereinafter mentioned. and the di- 
     
     rectors at their first meeting after their election, 
     
    
   
   
    
       
     
    
   
   
    
     shall choose out of their number a president. 
     
    
   
   
    
     such by-laws and ordinances be not contradic- _ 
     
    
   
   
    
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