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HomeMy WebLinkAboutKIN1907-532 west shore ele coF : iy v ET 77- IN T e K e [wT' 7 � r CORPORATION OF THE TOWa'OF XINOARDINE IN THE COUNTY' BRUCR. } c .; A BY TO GuARAnTF.E THE BONDS - OR - DEBFXTORBS.OF_u THE ONTARIO WEST SHORE BLLGTRIC RAILWAY OO11PANY6 s met WHEREAS The Ontario wont Shore Electric Railway Company hao boon by Statute P. ]sdw. VII, Cap. 78 au amended by 3 Edw. VII. Cap. 98 and 6 Edw, VI1 Cap. 113, authorized and empowered, among other things to survey, lay out, construct, equip, maintain and operate by electricity and from .timo to time remove and change-a- H i, double or niggle track, iron or steel railway of t}ie Gauge of dour Aar Poet eight and one half inohoa anft -wibh all nsoeaaary eida true ;;, ? P and turn outs for'the jAissago of aura, carriages and other vehioles ' adaptod to the same from a point at or near Amborly in the Co of Huron and r uge �J passing along or nos_ the Sa en Road through the Township of Huron to the Town of Ki.noardine. .z cF ' I AND WHEREAS the said The Ontario West Shore Electric y not . Railway`Company has requested the said Town of Xinoardine to aid' i. , them in their said undertakia b 1' - g by the -bonds o�d'ebiW � - • -urea to be issued by the said The Ontario West More Eleo�rlo J Railway Company, to the extent in the whole of the sum ol'#50 _ AND WUZ=S: the sot of incorporation of the said'Compa -'• `e amended as aforesaid limits the amount - of the issue of the bonder or debentures thereof to Fifteen - thousand- Dollare -per- mile-for a y3 pnd evsry. mile -of single - trgokc of,_ the _said- Railway- and .extensione and branches. 1. i AND _WHEREA91t -is expedient to grant, the asid- aid_aub j t -to the terms and conditions he out; I, TREREFORE,be it emoted sad it 1e hereby eaaoted by'the 1laaici d k1 Council of-the °.sal d ,Town - of kCinoardinein t?ie oouaty - - - - _ _ r a CORPORA e A H 4 - LAW QY the Tom of Kinoui'oinH as to the election of mootrio Loght ono water FlorxS dormiuslonera foX uaia Totisri. t I` 11fii�"�nf3 unoer the pvis.tonu of TA`i ?Aunioipal Catc+r �►oraw , .• A 7 THE 199,nno t1unicipal Licht and Heat THl '0,18870Ohap tcsr i Aqt ]t.8�0. ahay#or 191pana ftr-r 1am�ntu thF;xt,to�a by-10w of the =r .l pain Totsn of 1Cinoiruinu oars only oubmittudgano oanuuntad to tunic b�/ tho viae for the 1 '� 1alaotc;ru of thta uiio Tic i pality pro for tho pulp 1 el�otion of Oor+_ricuioneru vA%'A.0 in the uaid Aotu 1j4 manbicnsid " has Moen f - r ` cap. 98, .: AN11 r�tlF,'�": ",A urwer uata Aota and ar+unar �ntu t�uraLo,thr Cocronia» i ' , other th { S f 00 ` } -si onura 4 hall cum Lit ox a Marc of t1u�e or live Mer+betu� o=^ `t1 operate r tho Euao or 'thu luuneil uhall ex o:Ctioio ba one�and uhexwas 'i double o i tho prevent J1o: >ra cs' roramiuuionera aoiusiata of only tra'eo , •, Poet ei8 f.: metnb�rs Of =vhioh h4 Mayor or t'tw salu _Tors gip• ane.and it 1& I and turn Ceulrablu `.c. inarsrauu Lbe number of :,aid Commiaul0nar6 to be adapted i t alvotwo to fours I of huroz w it is huraby by tha 1✓vurioi cal Cuunctl ox. Township )M IT THj nj M TJ ! 3 • - � the raid T an n of i{inouruinu enaotuc au 1 Th;.t thm 130= of labor �POrku�t:AO Muctric Li6ht GO91;1usiono Railway' z ly tha Mayor of the paid To�sn bout them. in r Ahall conbiut of sivu r ' - T -urea t rr one�ano the othor four mur�b�ru r l be aivat,�3d in a000x anoe ;- - - viuioUA of Section 41 of :ho launiOlPal Railway _ - � nth wrta tknaer the � - an repuuled b7 ano roc which waa oubatltutea, - Ylat4 wor&u Aath t I PleoLion f3 or Ohaptnr 4o panned in the 91-xth year Of the rei�ri / , 1t ' �� amen at King// 36;iaro tho javunth*=o buln- Ontitle4 "An Act to Woe r dsbe / Lhrn E`u111a� natar �9orku Lot* { I anQ - ne ` ` R This by -lax uTtt71 oorsi in tc f ura6 ;and t�4 oXtaot � tho I ! dad bra i p' theruaf. F -, e4 find uaim 3 Tam► Of Ain9uts71na this t* j]atno tkm ado c6t th . x dry of 1)0"rber ona :t:oudana nin•y hunurs►o aAVUtf uv 90 c,o c. qo�-(• M 1 Jff iil � ---- -- - 77-77- T�: z _j COUBT - CORPORATION , OUTER TOW OX X111OARDINE IN TELH_ Y�Oy _BRU07 _ THEE BO"S A BY- JAW TO GUARANTJM . V THE onTARio WEST SHORE ENUCTRIO RAILWAY G01dPARY6 F WHEMB The Ontario Went Shore Bleoiria Railway Company,- has 'a I can by Statute 2 FAW, V119 Cape 78 as amended by 9 Edwe VIZ Cap, 96 and 6 Edw, VII, cap. 113, authorized and empoware&,.g ns-f other things to survey, Jay out, construct, equip, maintain. aU41 operate by electricity and from tima to time remove and ah=.P- i double or siggle track, iron or steel railway of the fauge-cf.-four foot oight and one half ;,nohow andiwith all necessary side tr - j) r and turn cuts for'the Passage of oars, carriages and othervehiole adapted to the same from a point at or near Amborly in the. un t y ". of Huron and passing along or near the Saugeen Road through thp Township of Huron to the Town of Xinaardine. AND WRWA$ the said The Ontario West Shore Eleotr Railway' Company has reque stod the said Town of KinoarAine to 6141�!' V them in their said undertaking by guaranteeing the -bonds osedeb"I , - urea -to be-jesued-by the--aaid-The-Ontario Rgilwoy.Compemyj' to the extent in the whole of the sum of W A3D WHFZ&B the got of Incorporation of the said C ompete -40 Amended as Aforesaid limits the amount of the issue of.ths bon -thOuBand-DOlIRrB--Poi-milO` for as or debentures thereof to Fifteen and - eery mile of single trqok of the said Railway and extensions An& bremohes, great the said aid iiibj - a AND WHEREAS it Is expedient to N_A4to'the- terms and oon&itiozis _hwisinafter set out; THEREFOR -be it enacted and it is hereby enaots& the - 2 Numidipal Council of thessid of Xino ardine�l�-the coluit* o, j 7 a --- sac ---- - A. .l }4TYY' __ ;'.mow ,/`• �y_riY �. ^� �-. �r - -- r. • Zt eha1V be lawful for the Savor- and Ciazlr dt the =name ='` 1. and on behail(of the _Corporation of the Town of Rinoardine+ ex►d z under its corporate saai to ezeoute- and_deliver as th eat and deed M of the said oorporation-the _ written.or printect,gau►rant or gasr k" - anteos of the snid corporation guaranteeing the due payment by of the pr i n cipal and interest oi,the bOn the said Town of Kinoardine Ma or deban tures of The Ontario Hest Shore Trleotrio Railnttiy Company►+ - e eta of- Sb0.0o4_(Fitty_Thousn Do lla r_ up to the sum, in the agar C + a , far principal repayable in thirty_ nnnal instalments from .the day of the Sesao thereof+ with interest in the moantime-at tho rate of I the prinoipa 1 to five per contum par annum payablo half- yeP.rly on the holders of the said bonds or dobanturose such guarantee to be _ - t the affect that upon default being mule by the said The Ontario 0 ,horo F.leotriO'Railway Company in pnyrent of the principal or 6 a interest eeo�trod - by the said bondo or debentures so guaranteed or 1 a. lI any of theme the corporation of tho Town of Yinaardina will pay to I thex the holder of the amount so in defaults oyes derande alto parents wiee is such form and to contain suoh other or additional - to be a 1, provinces or conditions as ohr'll bo approved aE by the say ox end Solicitor for the F6id Town, providod howover that suoh provisoes z and conditions do not limit tho obligation of the acid Tawn to pay the amount so in default upon domand as aforesaid' ► _ g. Prior to the ezeaution of the said guarantee ar guarantees I or any of them the, said The _ontar p. W.ost Shore Rleatrio it - 1M ' �-•' Company shall with the neoessary approval of their sharehOldere+ Y duly given in meeting called for that purposes execute and deliver , by 4., to a trustee who shall be mutuallY agreed-Upon/Us said esmyanY up the whole 1_ the Corporation of the Town of ginoardina a mortgage po sasets, tents and revsouse of the said .The_Onts ty of the proper• _ W Shore Electric Railway: Company. present or futures ox both, which said mortgage shall be a first charge upon all such proBert7 ... and shall oantain the olduses and provisions usual in mottgages given by companies to seoure_bonde settled and approval by the solicitor for the said Town and shell secure and provide for the I 11 nt cf all principal and interest whloh_shall come due at any. <_ i. t s Mme• (s of t r� i. tim by the 0. on -tile paid-b6dIS l ed - to b sa re D. and �8119VAMOUtll an for the - - their said got of inoorporatio be id. by .ment to the said oorvortLti011 of all MOAW Ye wbiGh May .. it in respoOt Of said gwraztoea bonds pr rats with the otbit, bonds to be issued as afdroosid by the said company under. the - authority afore8aj&q• dm& Duoh mortgage ob all further provU oompar 'Y of the sai mortgaged pro - the - the insurance by 0 in Gass o in favor of the said trustO f logo by fire or lightning -4 , i s uoh oompaniee as shall be of by the said trUBt. as "the mortgage clause What is known and by policies Gent stee, and f the oontinuanoo of suOh7_ if demanded by the said tru I I I __:, O.V o f the said bonds and the duo pay ins uranoo during the ourren Mont o f th pr emium thereof. rantne all MOMS tire the said gun 3. As a condition of e%0t3U ­­ pr000eds of the sale or pledge of any of the usid bonds or debent�_ -urea to be gua ranteed by virtue of the b shall be laid to the said trust6O or the bonds thomo0lVGs shall be deposited with the said trustee and shall be applicable only for the purposes Of,- the proceeds of the sale or pledge Of th ra ilway pro rats. with the other bonds so to be issued as aforesaid and shall be paid . Out - V �AnejVaB progress GertifJoatese by the said trustee only as and no amount shall be paid tbersout except to th extent of the as w hi a h are to be 18GUM.L fmos va o f suoh. progre aertifioatOOt -RIZAtY per oeu+ f am ounts from time to time not exceeding engineer. appointed to inspect the -suab ser vioeB or materials as are certified to by the ­ said works and pro rats as aforesaid, - _ f an & the b alance shall be paid out Only after the O0mPl O LLLAI opening of the g qr & UthorizedL by the said ra ilway and the imp) i Y Oipal Boma i a000rdance with the PrOT ont R and Mmi iLsione Of sootiou 163 o f "The. Ontario Ra and RuniOLP&I Board Aott 1906" 4. ghs fares to be ( ,bar#*& by - the - sold The Ontario. W' Shore Ueotrio Railway Company S not e give -Gent f U0 1 , 912 where the UBASUCCOX9 listanoe not exassUng three miles m --- -------- - �. 1"Mal AW � - I r then -not ezooeding -two oente per =mile or fraction: thereof' fir - distance aotually travelled. -- Children under- ten -years of -ags_ shall be oarried for three miles -or less for three cents and for ._qty 4 any. additional distanoe for half fare, -but ohildren is arme`shall.23. ; A � i in all oases be'oarried free.. a ae b. Pupile under seventeen years of age actually attend- _ -iag school shell be entitled to purchase at any office of the = - Company where tickets are sold, on a certificate from their principal teacher that they are bona fide pupils attending school," = eight tickets for twenty.five cents, such tickets to be used only T . emet< I between the hours of eight o'olook and half past nine in the Sore- - - noon and between half -past three and five o'clock in the efternooa end then only for the purpose of attending and returning from school, provided that no such tickets shall entitle any pupil' h ' to ride a greater distance then five miles. 'y of al x 6. The said Company also agrees that they will carry all 1 !, scat such freight as may be offered to them and to conctrnot and main -1 1 o! _ f -tain freight sidings at convenient points to be agreed on with the said corporation for loading euoh and freight as may be offered or which they may be ruquirod to carry. 7. :: The work of building the said road from a point at or near Amberley to Einoardine in the direction before mentioned ure shall be oommenced on or before thus first da - of :ay, ;1908. and -= be continued with reasonable doepatoh until it is completed.. y " x 6. If the said Company shall se require it the said Town a shall consent to application being a,ade to the Legislature of the t Provinoe of Ontario for a opooial Act validating and oonfirming this by -law, and all agreements, mortgages and guarantees made or to be made provided that all costs and expenses of -- { and incidental to any such application shall be borne and paid - by the said Compeny. - - -: 9. This By -law shall take effect on the day of the final paeeing thereof. v - s l0. The vote& of the qualified elect Of the said Oorpolr - - stion, sha;i uq' wets „ ±�sr tare` yy by the- 4dpw ,-jr i4ViaUxaU� 64l1oA -ere hereinafter named on Xonday the 19th day of,November A.A. 18 oommenoing at the hour-of nine o' clock -in the forenoon and aobtia`:w -uing until five o'clock in the afternoon of the same day, -,, In, polling sub - division No 1 st in the__ Conrail _Chamber -in -the- �: - - - - Tovm Hall in thn Town of Einoardine by Russell Bayne Poll Clerk , 1 snd Alexander Campbell deputy returning Officer. In Polling sub- division NO. 2 at tho North store of the brick building owned by tdr* Robort Allen on the east side of Queen Street in the Town Of Rinoardine by John A. UoKenzie roll Clerk and John Moffat deputy returning officer. In Polling sub-division No. 9 at the building owned by Malcolm Ross door south of Reid's livery stable on the west side of - Queen street in the Town of Kinoardino by William Swenson Poll Clerk and J. H. Flowing Deputy returning officer. In Polling sub - division Nib. 4 at in the office of James Bayne an the west Bids of Queen street in the Town of Kincardine by John Smith Poll Clerk and Remy T. Burden Deputy returning officer. � On wednesday the 18th day of November 1907, the guyor Of the said Town shall tt ®1 - a sad -at the Town gall in the said -Town at IF ! 10 o'clock in the forenoon to appoint person& to, attend at th4_._ various polling places aforesaid and at the final Bumming up of ` votes by the_Town Olerk on behalf of the persons interested in the promoting or Opposing the passage of this bylaw. l�•' The Clerk of the said Town of $inoardine shall attend at the Town Hall at ten o'olook in the forenoon of Tuesday the 24th -.day day of November A.D. 1907 to sum up the number of vote & for and ageinst the- bylaw. -- Dated at the council chamber of the Town of Bincardiae the 26th day of December 1907. v A^ t I 7 r ._ !fuel ' Aat , al ! - of ti� not i