CHAPTER 20. An Act to incorporate the Cherry Valley- (Assented to April 26th, 1918) E IT ENACTED by the Lieutenant Governor Prince Edward Island as follows: 1. That William W. Mutch, Andrew J. McInnis, Incorporation. Theodore Gleason, Frederick Nelson, Roy Mutch, William Jenkins, Allan Fraser and such others as may hereafter become shareholders in the Corporation hereby established shall be and the same are hereby constituted and declared to be a body corporate and politic by the name of Cherry Valley-Earnscliffe Rural Telephone Company, Limited, with a common seal, and the Head Office of the Company shall be at Earnscliffe in Queens' County. company. 2. The objects and purposes of the Company shall objects of be and include the erection, purchase, lease, hire and possession of poles and wires for the purpose of maintaining and operating a rural telephone line from Vernon Bridge to Earnscliffe by way of Cherry Valley in Queen's County a distance of about 15 miles for the use of the said shareholders in the said Corporation in accordance with and subject to the terms and conditions of the Act of the General Assembly of said Province, 6 Edward VII., Cap. 25, Sec. 6. 3. The Capital Stock of said Company shall be two capital. thousand dollars divided into four hundred shares of five dollars each. Cap. 20. Cherry Valley-Earnscliffe Tel. Co. 8 Geo. V. 4. The affairs of the Company shall be managed by a Board of seven directors to be elected annually by ballot by the shareholders at the Annual General Meetings to be held on the third Tuesday in January in each year. The directors shall from their Own number choose a President and Secretary, every director to be the holder of at least two shares. 5. The provisional directors of the Company shall be William W. Mutch, Andrew J. McInnis, Theodore Gleason, Frederick Nelson, Roy Mutch, William Jenkins and Allan Fraser, who shall have power to open stock books and procure subscriptions for share in the capital stock. 6. Whenever $500.00 of the Capital Stock shall be subscribed the provisional directors may call a general meeting of the subscribers by giving one week's notice in writing for the election of the first board of directors and transacting general business. 7. A Special General Meeting of the shareholders may be called by the directors at any time by giving one week's notice in writing to the shareholders, such notice to specify the object for which such special meeting is called. At all meetings of the shareholders every shareholder not in arrears for payment of his or her share or shares shall be entitled to one vote for each share held by him or her. Five shareholders to constitute a quorum for the transaction of business. 8. The Company shall have power to enter into contracts and agreements with the Telephone Company of Prince Edward Island for any lawful purpose conected with the maintenance and operating of said Rural Telephone Line. 9. At the General Annual Meeting or at a Special General Meeting called for that purpose the share holders may by a majority vote make any by-laws not inconsistent with this Act or any law now in force in this Province and may by such majority vote, alter, amend or repeal any by-laws in such manner and to such effect as they may deem necessary for the proper management of the affairs of the Company. The by-laws may provide the terms upon which subscribers are to be admitted to the privileges of using the Company's line; provided that in case any persan who has not contributed towards the costs of the erection of such line may be admitted to the privileges of an original subscriber upon payment to the Company of a proportionate share of the costs of construction. CHAPTER 21. An Act to incorporate the East River Rural (Assented to April 26th, 1918) BE IT ENACTED by the Lieutenant Governor and Legislative Assembly of the Province of Prince Edward Island as follows: Incorporation. 1. That J. J. McCarthy, Wm. F. McDonald, Joseph Power, Wm. S. McEachern, Leslie Mutch, Edwin Brazil, John A. McDonald and such others as may become shareholders in the Corporation hereby established their successors and assigns shall be and the same are hereby constituted and declared to be a body corporate and politic by the name of the "East River Rural Telephone Company, Limited," with a common seal and the powers incidental to a Corporation by law, and the Head Office shall be at Mount Ryan in Queen's County. Objects of Capital stock. 2. The objects and purposes of the Company shall be and include the erection, purchase, lease, hire and possession of poles and wires for the purpose of maintaining and operating a rural telephone line extending from Webster's Corner and passing through Glenfinnan, Donagh, Mt. Ryan, Mermaid and tapping the main Telephone Company's line at Mount Herbert, being in all a distance of twelve miles a little more o less, for the use of the said shareholders of the said Corporation. 3. The Capital Stock of the Company shall be the sum of five hundred dollars divided into fifty shares of ten dollars each, 4. The affairs of the Company shall be managed Directors. by a Board of seven directors to be elected annually by the shareholders at the Annual General Meeting to be held on such day as shall be provided by the bylaw of the Company. The Directors shall, from their own number, choose a President and Secretary, every Director to be a holder of at least one share. 5. The Provisional, Directors of the Company Provisional shall be J. J. McCarthy, Wm. F. McDonald, Joseph directors. Power, Wm. S. McEachern, Leslie Mutch, Edwin Brazil and John A. McDonald who shall have power to open stock books and procure subscriptions for shares in the Capital Stock. meeting and 6. A special General Meeting of the shareholders Special general may be called by the Directors at any time by giving voting. one week's notice by 'phone or in writing to the shareholders, such to specify the object for which such special meeting is called. At all meetings of the shareholders every shareholder not in arrears for payment of his or her share or any taxes levied for the necessary upkeep of the line shall be be entitled to vote. Eight shareholders to constitute a quorum for the transaction of business. business. 7. Whenever $300.00 of the Capital Stock shall Beginning be subscribed the Provisional Directors may call a general meeting of the subscribers by giving one week's notice by 'phone or in writing for election of the first Board of Directors and for transacting general business. with P. E. I. 8. The Company shall have power to enter into Contracts contracts or agreements with the Telephone Company Telephone Co. of Prince Edward Island, for any lawful purpose connected with the maintenance and operating of said Rural Telephone Line. |