# Grand Trunk Railway Act, 1867

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Source: Early Canada Online

## Contents

An Act to amend "The Grand Trunk Arrangements Act, 1862," and for other purposes.
       Preamble.
       1. Short Title.
       2. Interpretation clause.
       3. Company may issue equipment mortgage bonds:, No. 2, to the amount of £500,000 Sterling.
             Interest and rank of such bonds.
       4. Power to re-borrow money paid to redeem such bonds.
       5. Power to convert equipment mortgage bonds No. 2, into equipment mortgage stock, No. 2.
             Privileges of such stock.
       6. Recital.
             The G. T. R. Company and the Buffalo and Lake Huron Railway Co. may vary the agreement of July, 1864.
             Proviso.
             Proviso.
       7. Recital.
             Agreement of January, 1864, with Montreal and Champlain Railway Co.
             Power to vary agreement.
             Proviso.
       8. Meetings under this Act.
       9. Recital.
             Power to close books at regular intervals.
31 Victoria, c. 19 (Canada)
An Act to amend "The Grand Trunk Arrangements Act, 1862," and for other purposes
[Assented to 21st December, 1867.]
WHERE AS the Grand Trunk Railway Company of Canada have, by their petition, prayed that power should be granted to them to raise further money ; to authorize further arrangements with other companies, and for the other purposes hereinafter mentioned ; and whereas the bondholders and shareholders have given their assent that the power to raise further money he given to the Company : and whereas the purposes aforesaid cannot he effected without the authority of Parliament : Therefore, Her Majesty, by and with the advice and consent of the Senate and the House of Commons of Canada, enacts as follows:
1. This Act may be cited as The Grand Trunk Railway Act, 1867.
2. In this Act, except where repugnant to or inconsistent with the context, the following words have the following meanings :
The word "Company" means the Grand Trunk Railway Company of Canada.
The words "Arrangements Act" mean The Grand Trunk Arrangements Act, 1862.
The words "Postal Bonds" mean the Postal and Military Service Bonds issued by the Company under the authority of the Arrangements Act;"
The words "working expenses" mean working expenses as defined by the Arrangements Act.
4. The Company may, from time to time, re-borrow all such moneys as may be required for paying or redeeming such Equipment Mortgage Bonds No. 2 by issuing other like bonds having the same privileges, but so that the aggregate amount of the principal money secured by Equipment Mortgage Bonds No. 2 shall not at any time exceed the sum of five hundred thousand pounds sterling.
8. For the purpose of this Act, the meetings hereby directed to be held shall be convened in manner as similar as circum- stances will permit to that prescribed in respect to the ordinary meetings of the Company convening the same.
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