By-laws. 9. At the Annual General Meeting or at any Special General Meeting called for that purpose the shareholders may, by a majority vote, make any bylaws not inconsistent with this Act or any law now in force in this Province and may also, by such majority vote, alter, amend or repeal any by-law 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 the terms upon which subscribers are to be admitted to the privilege of using the Company's line. CHAPTER 22. An Act to incorporate the Kingston Telephone Company, Limited BR (Assented to April 26th, 1918) E IT ENACTED by the Lieutenant Governor and Legislative Assembly of the Province of Prince Edward Island as follows: 1. That Daniel T. Fraser, Bertram Younker, Incorporation Reuben Barrett, Daniel Ward, George Beer, William Crewys, Robert Edwards and such others as may become shareholders in the corporation hereby established, their successors and assigns shall be and the same hereby constituted and declared to be a body corporate and politic by the name of "The Kingston Telephone Company, Limited" with a common seal and the powers incidental to a corporation by law and the Head Office of the company shall be at Kingston in Queen's County. 2. The objects and purposes of the company shall objects of be and include the erection, purchase, lease, hire and Company possession of poles and wires for the purpose of maintaining and operating a rural telephone line extending from the residence of Albert Newman to the residence of Mrs. T. P. Cass on the Kingston Road, from the Kingston Road along the Lynnwood Road to Barrett's residence, from Tremere's Corner to John Scott's on the Bannockburn Road and from Holmes' Corner to New Haven on the Colville Road being in all a distance of twelve miles, a little more or less for the use of the said shareholders of the said corporation. Capital. Directors. Provisional directors. Commencing business. General meeting and quorum. Powers of 3. The capital stock of the Company shall be the sum of One thousand five hundred dollars, divided into three hundred shares of Five dollars each. 4. The affairs of the Company shall be managed 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 by-laws of the Company. The directors shall from their own number choose a President and Secretary. Every director to be the holder ot at least two shares. 5. The provisional directors of the Company shall be Daniel T. Fraser, Bertram Younker, Reuben Barrett, Daniel Ward, George Beer, William Crewys, Robert Edwards, who shall have power to open stock books and procure subscriptions for shares in the capital stock. 6. When ever Five hundred dollars 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. Eight 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 Com pany of Prince Edward Island for any lawful purpose connected with the maintenance and operating of said rural telephone line. 9. At the annual general meeting or at any spec- By-laws. ial general meeting called for that purpose, the shareholders may be a majority vote make any by-laws not inconsistent with this Act or any law now in force in this province, and may also 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 bylaws may provide the terms upon which subscribers are to be admitted to the privilege of using the Company's line: Provided that in such case any person 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. Incorporation. Objects of An Act B CHAPTER 23. Act to incorporate the Newport - pany, Limited. (Assented to April 26th, 1918) E IT ENACTED by the Lieutenant Governor and Legislative Assembly of the Province of Prince Edward Island as follows: 1. That Reverend D. J. G. 'Macdonald, George E. Goff, James Fay, Bernard J. McCormack, Æneas P. Macdonald and such others as may hereafter 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 "Newport Launching Rural Telephone Company, Limited," with a common seal, and the Head Office of the Company shall be at St. George's in King's County. 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 Newport to Launching Place by way of St. George's in King's County, a distance of nine miles a little more or less, for the use of the said shareholders in 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, Section 6. |