SECRETARIAL PRACTICE
Quebec.
The company law of Quebec is contained in the Revised
Statutes of 1925 in the following Acts: —
Chapter 223 Quebec Companies Act.
» 224 Partnership Declaration Act (regulating limited
partnerships).

Winding up Act.
ixtra Provincial Companies Act.
Special Corporate Powers Act.
Securities Sale Act.
Mortmain Act.
Juebec Railway Act.
Railway Companies Special Undertakings Act.
sas and Water Companies Act.
dlectric Light and Water Companies Act.
Electric Light and Power Companies Act.
Celegraph Companies Act.
Celephone Companies Act.
Road Companies Act.
Road Stoning Companies Act.
Juebec Insurance Act.
Diocesan Mutual Insurance Companies Act.
Butter and Cheese Insurance Act.
Trust Companies Act.
Guarantee Companies Act.
Safe Deposit Companies Act.
Building Societies Act.
Loan and Investment Societies Act.
Building and Loan Societies Amalgamation Act.
Juebec Co-operative Syndicates Act.
Professional Svndicates Act

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Chapter 223, Part I applies to Joint Stock Companies incor-
porated by letters patent and is the ordinary Companies
Act of the Province. The Lieutenant-Governor may by
ietters patent grant a charter to any number of persons
not less than three who apply therefor, and others who have
decome subscribers to the memorandum of agreement and
who become shareholders in the company thereby created;
to a corporation for any of the purposes or objects to which
the legislative authority of a Province extends, except for
the building and working of railways, the business of insurance
or the transaction of trust business.

No company shall commence business or incur any
liability until 10 per cent. of its authorised capital has been
subscribed and paid for. The directors of the company
may make by-laws for the creating and issuing of any part
of the capital stock as preferred stock or the conversion of
preferred stock into common stock or anv class of shares
into anv other class.