ROYAL GAZETTE. 
     
    
   
   
    
       
     
    
   
   
    
     X. That at the general annual meeting 
     
     of the Company in each year the Directors 
     
     of the said Company for the ensuing year 
     
     shall be elected in the following manner, 
     
     namely: The shareholders shall first elect 
     
     two Directors out of the five who have served 
     
     for the preceding year, provided they shall 
     
     be willing again to accept office; and shall 
     
     then elect three others from the shareholders 
     
     of the Company indiscriminately; and if 
     
     all or any of the retiring Directors shall refuse 
     
     to be re-elected the said shareholders shall pro- 
     
     ceed to the election of others of the Company 
     
     until the full number of Directors be completed. 
     
    
   
   
    
     XI. When and so often as any Director 
     
     named or elected by virtue of this Act, shall 
     
     die, or shall resign, or shall become disqualified, 
     
     or incompetent to act as a Director, before his 
     
     term of office shall have expired, it shall be 
     
     lawful for the remaining Directors to elect 
     
     some other proprietor, duly qualified, to fill up 
     
     such vacancy. 
     
    

    
     XII. If, from neglect or any other cause, the 
     
     said annual general meeting should not be 
     
     held, the Directors last chosen shall continue to 
     
     act and have the same power that they had and 
     
     were possessed of, until the-nextannual general 
     
     meeting, or until new Directors shall be chosen 
     
     or appointed as aforesaid. 
     
    
   
   
    
     XIII. The Directors who shall first be chosen, 
     
     under the provisions of this Act, shall, with all 
     
     convenient speed, proceed to draw up a code of 
     
     Bye-laws, Rules and Regulations, for the 
     
     government of the said Company, and the con- 
     
     duct and management ofits affairs and business ; 
     
     and shall submit the same, to be altered, amend- 
     
     ed, and confirmed by a committee, selected and 
     
     appointed at the first general meeting, or some 
     
     other meeting of the said Company to super- 
     
     intend the same ; and it shall be lawful for the 
     
     said Company, from time to time, and as pften 
     
     as may be deemed necessary, for the purpose of 
     
     carrying on the business of the said Corpora- 
     
     tion, to sell further shares therein, and every 
     
     purchaser of such shares shall be entitled to all 
     
     the privileges and advantages of other share- 
     
     holders in the said Company. 
     
    
   
   
    
     XIV. That the Directors of the said Cor- 
     
     poration shall be authorized and empowered, 
     
     at any time, by and with the assent of two-thirds 
     
     of the shareholders, to be given in writing, at 
     
     any general or special meeting, regularly con- 
     
    
   
   
    
          
     
    
   
   
    
       
     
    
   
   
    
     289 
     
     W 
     
    
   
   
    
     vened, and not otherwise, to borrow, on mort~ 
     
     gage of the property belonging to the said 
     
     Corporation, such sums of money as may be 
     
     required for the use thereof, or absolutely to 
     
     sell and dispose of the real estate and property 
     
     of the said Company, if deemed expedient; and 
     
     the said Directors are hereby authorized to 
     
     convey, in mortgage, any lands or real estate 
     
     of the said Corporation, for the purpose of 
     
     securing the money so to be borrowed as afore- 
     
     said, or in case of an absolute sale of the said 
     
     real estate, or any part thereof, to grant and 
     
     convey the same, and to make the necessary 
     
     deeds and conveyances for that purpose. 
     
    
   
   
    
     XIV. Provided always, that nothing herein 
     
     contained shall be held or construed to give the 
     
     said Company the privilege of dealing in the 
     
     lending of money, by way of discount or other— 
     
     wise, or of engaging in any banking operation 
     
     whatsoever, or to effect any insurance upon any 
     
     ship, or vessel, or marine risk, orupon any loss 
     
     by fire, or upon any life or lives. 
     
    
   
   
    
     "— .‘Ofi. 
     
    
   
   
    
       
     
    
   
   
    
     An Act to enable George C. Stiles to 
     
     obtain Letters Patent for the inven- 
     
     tion of a new and useful Improvement 
     
     in the construction of Spinning 
     
    
   
   
    
     I’Vheels. 
     
     [Passed May 17.15573 
     
    
   
   
    
     V‘fflEREAS His Excellency Major General 
     
    

    
     Charles Hastings Doyle, Administrator 
     
     of the Government of the Province of New 
     
     Brunswick, did, on or about the fifth day of 
     
     November, in the year of our Lord one thousand 
     
     eight hundred and sixty-six, and in the thirtieth 
     
     year of 1101' present Majesty’s reign, grant unto 
     
     George C. Stiles, of Salisbury, in the County of 
     
     \Vestmorland, in the said Province of New 
     
     Brunswick, and to one Thomas Truman Trites, 
     
     of the same place, at his, the said George C. 
     
     Stile’s ,request, Her Majesty’s Letters Patent, 
     
     under the great seal of the said Province, for 
     
     the invention or discovery, by the said George 
     
     C. Stiles, ofa new and useful improvement in 
     
     the construction of Spinning Wheels, called or 
     
     designated Stile’s’ Spinning Jenny ; and which 
     
     said Letters Patent are still in force in and for 
     
     the said Province of New Brunswick; and 
     
     whereas the said George C. Stiles is desirous of 
     
     obtaining Letters Patent for the said invention 
     
     or improvement for this Island : 
     
    

    
     I. Be it, therefore, enacted by the Lieutenant. 
     
     Governor, Council and Assembly, that it shall