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C-14 - Railway Act

Section 31
Disposition versions

Full text
31. (1)  There shall be paid on every share subscribed for in any railway company, incorporated by act of the Legislature, an amount of at least ten per cent, within six months after the subscription for each such share.
(2)  No owner or holder of shares in any railway company, incorporated by act of the Legislature, shall, in any case, vote, by reason of any of his shares, unless he has paid upon such share an amount of at least ten per cent.
(3)  The provisions of this section shall not apply to subscriptions for stock in railway companies by municipalities.
R. S. 1964, c. 290, s. 31.
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