An Act to amend and consolidate the several Acts incorporating and relating to the Canadian Island Steam Navigation Company, and to change its corporate name to that of the Canadian Navigation Company, and for other purposes

Contents
An Act to amend and consolidate the several Acts incorporating and ralating to the Canadian Island Steam Navigation Company, and to change its corporate name to that of the Canadian Navigation Company, and for other purposes.
 * Preamble.
 * 1. Incorporation of the Company to continue.
 * Corporate name changed.
 * Proviso : not to be deemed a new corporation.
 * 2. Business of the Company and powers for carrying it on.
 * 3. Power to hold real property.
 * Proviso : value limited in Canada.
 * 4. Capital, and how it may be increased.
 * Stock books.
 * Rights of present shareholders.
 * 5. Calls on stock.
 * 6. Board of directors constituted.
 * 7. By-laws, how to be made, and for what purposes.
 * 1. Stock books.
 * Calls.
 * Conversion of shares into stock.
 * 2. Stock certificates.
 * 3. Forfeiture, &c. for non-pay ment of calls.
 * 4. Setting off debts to Company from stockholders.
 * 5. Transfer of Stock.
 * 6. Dividends.
 * 7. Reserve fund.
 * 8. Removal and renuneration of officers.
 * 9. Meetings.
 * Quorum.
 * Proviso : one vote for each share.
 * Casting vote.
 * 10. Executing deeds, bills, &c.
 * 11. Borrowing or lending money.
 * 12. Minutes and accounts.
 * 13. Audit.
 * 14. Proviso: as to prevent by-laws.
 * 8. Certificates of shares and acceptance by stockholders.
 * 9. Calls may be recovered by action, and how.
 * What only need be alleged and proved.
 * Proviso.
 * 10. To what purposes the capital shall be applied.
 * 11. Company not bound to see to trusts, to which shares may be subject.
 * 12. Case of transmission of stock otherwise than by regular transfer, provided for.
 * 13. Annual general meetings.
 * Chairman.
 * Votes and proxies.
 * 14. Shareholders in arrear not to vote.
 * 15. Election of President, &c.
 * He may call meetings of directors.
 * 16. Quorum of directors.
 * Vacancies, how filled.
 * 17. Failure of election not to dissolve the corporation, &c.
 * 18. Things done by acting directors confirmed.
 * 19. Directors may exercise their powers out of Canada, or by agents.
 * Exception.
 * Acts of agents to be valid.
 * 20. Acquiring vessels or shares in them.
 * Proviso.
 * 21. Contracts, &c., may be validly executed without the corporate seal of the Company.
 * Proviso : Company not to issue bank notes.
 * 22. Liability of Shareholders limited.
 * 23. Stock to be personalty.
 * 24. Notices of meetings.
 * 25. Stock and liabilities of Company to remain as before.
 * 26. Former acts repealed.
 * Exception.
 * 27. Public Act.