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Indenture of sale : the Canadian Pacific Railway Company to the Ontario and Quebec Railway Company Canadian Pacific Railway Company; Ontario and Quebec Railway Company Dec 3, 1883

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Array INDENTURE
OF
SALE
THE CANADIAN PACIFIC RAILWAY COMPANY
TO
THE ONTARIO AND QUEBEC RAILWAY COMPANY:
OTTAWA.
Printed by The Citizen Printing Company.  /a
C(MS %ttfrttttUtC made the third day of December, one
thousand eight hundred and eighty-three, between The Canadian Pacific Railway Company, a body corporate and politic,
duly incorporated by Letters Patent of the Dominion of Canada,
hereinafter represented and acting by George Stephen, Esquire,
the President thereof, and Charles Drinkwater, Esquire, the
Secretary thereof, hereinafter called the Vendors; and The
Ontario and Qlebec Railway Company, a body corporate
and politic, duly incorporated by an Act of the Parliament of
the Dominion of Canada, hereinafter represented and acting by
Edmund B. Osler, the President thereof, and Harry W.
Nanton, Esquire, the Secretary thereof, hereinafter called the
Purchasers;
tUtJten?^ by an Act of the Parliament of the Dominion of
Canada, passed in the forty-sixth year of Her Majesty's reign,
chaptered fifty-eight, and intituled : " An Act to amend the
Act to incorporate the Ontario and Quebec Railway Company."
the Purchasers are duly authorised with the assent of two-thirds
of their Shareholders present in person or represented by proxy,
at a special general Meeting thereof to be held for that purpose,
to contract and agree with the Vendors, among other things for
the acquisition of that part of the line of Railway of the Vendors
lying between Perth and Smith's Falls in the Province of
Ontario. Jwl tlSlliereaa the Vendors have agreed to sell, and at a
special general meeting of the Shareholders of the said Purchasers, duly called and held at Toronto on the twelfth day
of November instant, the Board of Directors of the said Purchasers were authorised by more than two-thirds of the said last
mentioned Shareholders, to buy, and the said Purchasers have
agreed to buy the said portion of the line of the said Vendors
extending from Perth aforesaid to Smith's Falls aforesaid,
upon the terms and conditions hereinafter mentioned :
Dtottl therefor? this Indenture witnesses :
1. That the Vendors have sold, assigned, conveyed and
transferred, and by these presents sell, assign, convey and transfer
to the said Purchasers, accepting hereof, all that certain part
and portion of the line of the said Vendors, extending from
Perth aforesaid to the junction thereof at Smith's Falls aforesaid, with the direct line of the said Railway from Brockville
to Carleton Place, together with all the Station ground and
Station buildings used at Perth aforesaid, for the purposes of
the said portion of the said Railway, to have and to hold
the same to the said Purchasers and their assigns forever.
2. The SAID SALE is thus made for and upon the considerations following, that is to say ;
For and in consideration of the payment by the Purchasers
to the Vendors in debenture stock of the Purchasers, at par, of
the sum of three hundred thousand dollars, which debenture
stock shall be issued by the said Purchasers, and delivered to
the said Vendors,  so soon   as   the arrangements for forming a consolidated line from Montreal to St. Thomas shall have been
completed by the said Purchasers.
And the said Purchasers hereby covenant and agree to and
with the said Vendors, that so soon as legislative authority shall
have been obtained, authorising a further issue of debenture
stock by the said Purchasers, to cover the cost of acquisition of
the line of the Atlantic and North-West Railway Company,
and its bridge over the St. Lawrence River at or near Montreal,
the said Purchasers will call in the whole of the mortgage bonds
issued by them, and will substitute therefor the said debenture
stock at par. And that the said Purchasers will not issue any^
larger amount of debenture stock than shall be sufficient to
cover the cost of acquisition and construction, at the rate of
twenty-five thousand dollars per mile of the entire consolidated
railway of the Purchasers, extending from Montreal to St,
Thomas; together with any extensions thereof and branches
which they shall construct or acquire in connection with the
said consolidated line, together with such further amount of such
stock as the said Purchasers shall be authorised to issue in
respect of the acquisition of the railway of the Atlantic and
North-West Railway Company, with the terminus thereof
and bridge over the St. Lawrence River at or near the City of
Montreal.
In so far as the Vendors can lawfully do so, they do hereby
assign, convey, and transfer to the Purchasers, all their franchises
and rights in respect of the said portion of the said railway.
The parties hereto shall join in endeavouring to procure
from the Parliament of the Dominion of Canada, at its next
Session, an Act of the said Parliament confirming and ratifying
these presents in all respects. Jtt $l8tifn«« Wlhe^of the parties hereto have executed
these presents at the several times and places set opposite the
signatures of their  Executive Officers respectively.
Executed by the Canadian\
Pacific   Railway   Company, at Montreal, this
Third day of December,
1883.
A. Browning,
Witness. /
GEO.  STEPHEN,
President.
[L.S.]
C. DRINKWATER,
Secretary.
Executed   by   the  Ontario s
and    Quebec     Railway
Company,   at    Toronto,
this  twenty-seventh day
of December,  1883.
A. M. Stow,
EDMUND  B. OSLER,
President.
[L.S.J
H. W. NANTON,
Sec.-Treas.  j
■   li

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