16. Sections seventy-two and seventy-three and one hun-Secs. 72, 73 and dred and three are repealed. 103 repealed. amended as to money. minutes of 17. The regulations laid down in section one hundred and Sec. 104 four and thereafter in said Act in respect to borrowing money borrowing shall be hereafter subject to the following provision, namely: The minutes of any meeting of the ratepayers of a school dis- Form of trict called to consider the propriety of borrowing money, as school meetmentioned in said section one hundred and four, shall be headed with a statement in the following form, or to the same effect: "Minutes of a public meeting of the ratepayers of the school district in the municipality (or county) of held the day of "The said meeting having been organized by the appointment of Mr. A. B. as chairman and Mr. C. D. as secretary the following proceedings were had: "It was moved by Mr. &c." (the mo tions and forinal proceedings of the meeting to be then given, certified at the foot thereof to be correct and signed by the chairman and secretary.)" ings therefor. minutes to be treas. of to. tendent of 18. A copy of said minutes shall be given to the secretary- Copy of said treasurer of the board of trustees of the district for the in- given to sec.formation of said board, and the original, with a declaration trustee board endorsed thereon or attached thereto, taken before a justice of duly attested the peace or other person authorized to take declarations under the statute, with a copy of the notice calling such meeting, proving the posting of the said notice as required by the Act, shall be given or transmitted to the superintendent of the secOriginal sent tion of the board of education having the supervision of such to superinschool district; and it shall be the duty of such superintend- education. ent, with as little delay as possible after the receipt of such minutes and proof, to enquire and satisfy himself that the purpose for which the loan is required is a proper and necessary one, and having regard to the means of the ratepayers of such school district to repay the sanie; and if such superin- Said superintendent approves of such loan he shall transmit said minutes, tendent to proof and other documents connected there with to the pro- to P. S. vincial secretary, together with a certificate or note of his approval endorsed thereon over his signature. transmit sam Sec.-treas. of to transmit statement to superintedent 19. It shall be the duty of the secretary-treasurer of the trustee board board of school trustees of any school district upon being made aware that a loan, as aforesaid, had been sanctioned by of education. the ratepayers, to at once transmit to the proper superintendent of education, as aforesaid, a statement, duly certified under the hand of said secretary-treasurer and the seal of the said board of trustees, to be correct, showing the amount of the assessed value of the real and personal estate of such school district; its debenture indebtedness, including the amount proposed to be added under such by-law then being submitted for approval; its indebtedness other than under said debentures; the yearly rate in the dollar required to pay said debenture debt; the total rate required for all purposes and the interest past due, if any, on the indebtedness of said school district. Said statement to be endorsed debenture. 20. A statement embodying the information mentioned in on back of each the last preceding section as to the assets and liabilities of the school section, shall be written or printed on the back of each debenture issued under the authority of the Act; and following such statement shall also be written or printed the words: "Issued under the provisions of the Manitoba School Act,' 44 Vic. cap. 4 (3rd sess.) and amending Act." Words en dorsed thereunder. When P. S. is to sign and seal said debenture. 21. Upon the assent of the Lieutenant-Goveror being obtained to such loan, and upon presentation within six months thereafter to the provincial secretary of the debenture or debentures issued to raise the same, the said provincial secretary (unless such assent has in the meantime been withdrawn) shall sign such debenture or debentures under the statement or endorsement thereon herein before mentioned, and shall affix the seal of his office or of the Province thereto, and such signaEffect thereof. ture and seal shall be conclusive evidence that all the formalities in respect to said loan and the issue of such debenture have been complied with, and of the correctness of the statement or endorsement thereof, and the legality of the issue of such debenture shall be thereby conclusively established, and its validity shall not be questionable by any Court in this Province, but the same shall to the extent of the assets of the school district issuing the same, be a good and indefeasible security in the hands of any bona fide holder thereof. Lieut.-Gov. may refuse t sanction loan. 22. The Lieutenant Governor in council, when the question of school loan shall be before him for assent thereto, may any take into consideration the effect of the proposed loan upon the security of any previous loan, in case the new proposed loan shall be repayable before a former one, or former ones, and may withold such assent to such new loan, if he considers that the security of the holders of any existing debenture loan of such school district was likely to be rendered insufficient, by reason of the date of payment of the proposed new loan being prior to that of any then existing debenture debt of such district, ing. And whereas no election of trustees for the Protestant Preamble to School Board of Winnipeg was had for the year of Our Lord sec. 23 followone thousand eight hundred and eighty-three (1883) and two new wards have been added to the city, and the former trustees have acted as such trustees down to the present time. present trus of Winnipeg 23. Therefore it is further enacted that all proceedings Proceedings of taken by the said trustees, or which may be taken by them up tees for P. S. B. to the time of the election hereinafter ordered to be held, are valid. hereby declared to be and shall be valid, legal and binding in the same manner as if the said trustees had been duly elected or re-elected for the present year, and for the district or territory for which they have been acting, and that a new election of school trustees for the said Protestant School Board shall be had in and for the city of Winnipeg, pursuant to the pro- for said board. visions of the statue in such case made and provided, within one month after the passing of this Act, and that the trustees then elected shall hold office and be the trustees thereof during the current year and until their successors are duly elected. New election fund. 24. The trustees of any school district may under the ad- Trustees may vice and with the consent of the proper superintendent of invest sinking education, invest any money under the control of such trustees as a sinking fund for the payment of any loan or otherwise held for school purposes and not required for expenditure within twelve months. sell land for etc. 25. The trustees of any school district may, with the con- Trustees may sent and approval of the proper superintendent of education, school district. sell and dispose of any land or real estate or any interest therein for the benefit and advantage of said school district, and convey the same or any portion thereof in fee simple or for any lease estate to any purchaser or purchasers thereof, or of any interest of freehold, leasehold, or other estate therein, by deed or other instruments, as the case may be, signed by the chairman and the secretary-treasurer of such school district. Forms of de 26. The forms of debentures and coupons contained in the Schedule B of said Act, are hereby repealed and the following bentures, etc. substituted therefor. of Canada Coupon. Inconsistent years from the date hereof and to pay interest thereon semi-annually on the days of and in each year during the currency hereof at the same place at the rate of per centum per annum to the bearer of the coupons hereunto annexed respectively, and numbered with the number of this debenture. Issued at 18 by and under the authority of sub-section F of section 10+ of an Act of the Legislature of Manitoba passed in the 44th year of Her Majesty's reign, chaptered 4, and any amending Act. S. M., T. R., Secretary-Treasurer. school district of will pay the 18 the sum of dollars, being interest duc on that day on school debenture, No. T. R., Secretary-Treasurer. 27. The provisions of Cap. 24 of 44 Vic., respecting registration of debentures, shall not apply to any debenture certified to by the Provincial Secretary under the provisions of this Act, nor to any by-law or resolution respecting the issue of such debentures. 28. All Acts or parts of Acts contrary hereto are repealed. Preamble. CAP. XLVII. An Act to encourage the Building of Railways in Manitoba, [Assented to 7th July, 1883.] Whereas there is a desire on the part of capitalists to invest their moneys in the construction, inaintenance and operation of railways within this Province; and whereas it is expedient to provide that every facility within the legislative authority thereof may be given for the promotion of such enterprises; And whereas it is desirable that such encouragement be offered to railway companies to proceed with the construction of railways as rapidly as possible and as may be consistent with the public interest. Therefore, Her Majesty, by and with the advice and consent of the Legislative Assembly of the Province of Manitoba, enacts as follows: ters parent to k.companies. 1. The Lieutenant-Governor in council may grant letters Lieut-Gov. patent of incorporation to companies for the construction and may grant letoperation of railways within the Province, except that within incorporate R. that portion of the Province known as the " Added Territory,” Proviso re as described in the Act of the legislature passed in the 44th "Added" year of Her Majesty's reign, chapter one; no line of railway Territory." shall, by such letters patent, be so authorized to be constructed south of the Canadian Pacific Railway from any point at or near the Canadian Pacific Railway except such line as shall run south-west or to the westward of south-west; nor to within fifteen miles of latitude 49; and such letters patent shall be further subject to the following conditions: INCORPORATION. R. company. 2. Any number of persons, not less than five, may form Regulation as themselves into a company for the purpose of constructing, to forming a R. maintaining and operating a railway for public use in the conveyance of persons and property in the Province of Manitoba, and for that purpose may make and sign articles of association, in which shall be stated the name of the company, the name of their principal place of business, the places from and to which the road is to be constructed, maintained and operated, the length of such road as near as may be, and the route or proposed route thereof, the amount of the capital stock of the company, which shall not be less than eight thousand dollars for every mile of road constructed or proposed to be constructed, the number of shares of which the said capital stock shall consist (no share being less than $100), the names and places of residence of the directors of the company, who shall be not less than five in number, and who shall manage its affairs for the first year, or until others are chosen in their places, and who shall have all necessary powers for the calling of the first meeting of stockholders, giving at least thirty days notice thereof, and for the opening of stock books and receiving subscriptions thereon, and generally to do all things necessary to complete the organization of the company. articles of 3. Each subscriber of such articles of association shall sub- Subscriber to scribe thereto his name, his place of residence, and the number association to of shares he agrees to take in the company. apped his name and No. of shares. pany is enti letters patent 4. On compliance with the provisions hereinafter stated, such When comarticles of association shall be filed in the department of the tied to receive minister of public works, who shall endorse thereon the day of incorporathey are filed, and record the same in a book to be provided tion. by him for that purpose, and thereupon the persons who have so subscribed such articles of association, and all persons who shall become stockholders in such company, shall be entitled to receive letters patent of incorporation under the name specified in such articles of association, and shall have powers and |