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The Railway and Marine World - 1908-03 - DAR Legislation Changes Sought, Also Middleton Board of Trade Not Happy
The Railway and Marine World - 1908-03 - DAR Legislation Changes Sought, Also Middleton Board of Trade Not Happy
A news article was published in the March 1908 issue of The Railway and Marine World trade magazine about the proposed changes in the DAR's corporate legislation. Also, mention is made of a resolution of the Middleton Board of Trade. The scan of the article appears below, while the article text is shown here for search purposes:
Dominion Atlantic Ry.—The Dominion Parliament is being asked at the current session to pass an act repealing sec. 15 of the company’s act of 1900, respecting the issue of promissory notes and bills of exchange, and declaring that the company shall hereafter have the same powers as are conferred by the Railway Act. Sec. 10 of the act of 1900 is also repealed, and a new section is provided fixing the number of directors at three, but giving power to increase the number to five by by-law; one or more of the directors shall be paid, and one or more shall retire annually, the term of office of each director being three years. The date of the annual meeting is altered from Mar. 31 to the second Friday in Oct., beginning in 1909. The directors are also authorized to make contributions, chargeable to working expenditure, to an employes’ sick and benefit fund, and to make by-laws for its management.
A resolution was passed at the annual meeting of the Middleton, N.S., Board of Trade, memorializing the Dominion Government to acquire the Dominion Atlantic Ry., and operate it as a part of the Intercolonial Ry. In addition to its own line between Truro and Yarmouth, the company operates the line between Windsor and Halifax, 32 miles, under a lease, which the resolution says, ‘‘has expired or will shortly expire.”
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Please use this citation when referring to this article: The Railway and Marine World - 1908-03 - DAR Legislation Changes Sought, Also Middleton Board of Trade Not Happy
