poo – Traduction – Dictionnaire Keybot

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n'ait été effectuée que le 1er février 1893. La première vente de terrain appartenant à POO a eu lieu un mois plus tard.
February 1, 1893. The first sale from WOP property occurred one month later.
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Le débat en Cour d'appel a donc porté sur la nature des diverses charges grevant les terrains d'O & Q, de TG & B et de POO. CP a soutenu que ces terrains étaient grevés de plusieurs charges déterminées ou fixes, dont les plus importantes étaient les actions-débentures émises par O & Q. Comme l'analyse précédente l'a déjà démontré, l'art.
The debate at the Court of Appeal then turned to the nature of the various charges to which the O & Q, TG & B and WOP lands were subject. CP argued that these lands were subject to a number of specific or fixed charges, the most important of which was the debenture stock issued by O & Q. As has already been discussed, s. 8 of the 1884 O & Q Act, S.C. 1884, c. 61, empowered O & Q to issue debentures which "shall constitute a first lien and charge upon the entire railway of the Company … and upon any extension thereof, and upon the property, franchises, plant and rolling stock thereof acquired or to be hereafter acquired … and upon the tolls and revenues thereof after deduction of the working expenses thereof… ." O & Q issued perpetual debentures pursuant to the 1884 O & Q Act and the debenture indenture (in which CP joined as a party) charged the property of the railway company in the exact words authorized by this said Act. Unless this debenture holders' charge could be characterized as a specific charge, the Court of Appeal concluded that O & Q railway lands were not subject to an "incumbrance" and could not therefore be sold pursuant to the 1891 CP Act. Both Arnup J.A. for the
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Au cours des années, CP a vendu 2 060, 62 acres de ces terrains, soit 956 parcelles, dont 741 étaient des terrains appartenant à l'origine à O & Q, 179 des terrains de TG & B donnés à bail à CP par l'intermédiaire d'O & Q, et 36 des terrains remis au réseau par POO.
Central to the problems which gave rise to this litigation were the sales by CP as the operator of the O & Q Railway of some of the lands leased by CP from and through O & Q. Under the three leases in question, O & Q leased in perpetuity to CP 10 375.17 acres of land. CP has over the years sold 2 060.82 acres of this land in 956 parcels, 741 of which came from O & Q lands themselves, 179 from lands of TG & B leased to CP through O & Q, and 36 from lands which came into the system from WOP. It would appear that CP, immediately after the execution of the 1884 Lease, established a separate "property section" for the lands of each of the component railways in the O & Q system. For reasons unexplained in the record some of these lands, despite their origination in one of the component companies, were registered from the outset in the name of CP. Perhaps for this reason, conveyances from CP were carried out in the name of the registered owner (which some-
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En particulier, O & Q a pris à bail pour un terme de 999 ans la ligne de chemin de fer de Toronto, Grey & Bruce Railway Co. («TG & B») et a acquis en vertu d'un bail à perpétuité la ligne de chemin de fer du Pacifique de l'Ouest d'Ontario («POO»).
envisaged by the 1881 CP Act and the company charter was the establishment of a railroad, both by construction or acquisition, from the Atlantic to the Pacific. The Ontario and Quebec Railway Co. ("O & Q"), reincorporated in 1881 was empowered to construct and operate railroads from Toronto through south central Ontario to Ottawa and thence into the Province of Quebec to join up with railroads in that province. Between 1883 and 1887, by amalgamations, purchases and leasings, O & Q assembled a railway from Montréal to St. Thomas, Ontario, via Ottawa and Toronto. In particular, O & Q leased for a term of 999 years the rail lines of the Toronto, Grey & Bruce Railway Co. ("TG & B") and leased in perpetuity the rail lines of the West Ontario Pacific Railway Co. ("WOP"). These transactions were authorized by Parliament.
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Toutefois, les terrains cédés en vertu des trois baux peuvent être classés dans différentes catégories juridiques. Les ventes par CP de terrains excédentaires d'O & Q entrent dans trois catégories: ventes de terrains d'O & Q, ventes de terrains de TG & B et ventes de terrains de POO.
There are, however, different classifications in law of the lands demised under the three leases. The sales of O & Q surplus lands by CP fall into three categories: sales of O & Q, TG & B and WOP lands. As found above, CP enjoys the power of sale over O & Q lands. Such is not necessarily the case with respect to WOP and TG & B lands. The WOP lease to O & Q is both in perpetuity and contains a "franchises and powers" clause similar to clause 11 in the O & Q and CP Lease. This would lead to the conclusion that O & Q enjoys the power of sale over WOP lands, and that this power of sale was conveyed to CP. This question is rendered moot by the fact that CP now owns 100 per cent of the shares of WOP and there is no claim by WOP in these proceedings with respect to the WOP lands sold by CP.
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Toutefois, les terrains cédés en vertu des trois baux peuvent être classés dans différentes catégories juridiques. Les ventes par CP de terrains excédentaires d'O & Q entrent dans trois catégories: ventes de terrains d'O & Q, ventes de terrains de TG & B et ventes de terrains de POO.
There are, however, different classifications in law of the lands demised under the three leases. The sales of O & Q surplus lands by CP fall into three categories: sales of O & Q, TG & B and WOP lands. As found above, CP enjoys the power of sale over O & Q lands. Such is not necessarily the case with respect to WOP and TG & B lands. The WOP lease to O & Q is both in perpetuity and contains a "franchises and powers" clause similar to clause 11 in the O & Q and CP Lease. This would lead to the conclusion that O & Q enjoys the power of sale over WOP lands, and that this power of sale was conveyed to CP. This question is rendered moot by the fact that CP now owns 100 per cent of the shares of WOP and there is no claim by WOP in these proceedings with respect to the WOP lands sold by CP.
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En 1885, le Parlement du Canada créa par une loi spéciale (S.C. 1885, chap. 87) la Compagnie du chemin de fer du Pacifique de l'Ouest d'Ontario (ci-après «POO»). Cette compagnie était autorisée à construire une ligne de chemin de fer entre Sarnia et un point situé sur le lac Érié, avec un embranchement en direction d'Ingersoll ou de Woodstock (Ontario) (art. 2).
In the year 1885 the Parliament of Canada established by special Act (S.C. 1885, c. 87) the West Ontario Pacific Railway Company (hereinafter "WOP"). This company was authorized to construct railways between Sarnia and a point on Lake Erie, with a branch line to Ingersoll or Woodstock, Ontario (s. 2). Other companies who participated in the formation of a rail network in central Canada included the Atlantic & Northwest Railway Company (hereinafter "A & NW") incorporated in 1879 by Parliament (S.C. 1879, c. 65); the Credit Valley Railway Company incorporated by the Province of Ontario in 1870 (S.O. 1870-71, c. 38); and the Canada Central Railway Company incorporated by Act of Parliament in 1861 (24 Vict., c. 80 (Prov. Can.)). The latter company established a railroad from eastern Lake Ontario at Brockville through Ottawa and up the Ottawa Valley. In June 1881 this company was
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Toutefois, les terrains cédés en vertu des trois baux peuvent être classés dans différentes catégories juridiques. Les ventes par CP de terrains excédentaires d'O & Q entrent dans trois catégories: ventes de terrains d'O & Q, ventes de terrains de TG & B et ventes de terrains de POO.
There are, however, different classifications in law of the lands demised under the three leases. The sales of O & Q surplus lands by CP fall into three categories: sales of O & Q, TG & B and WOP lands. As found above, CP enjoys the power of sale over O & Q lands. Such is not necessarily the case with respect to WOP and TG & B lands. The WOP lease to O & Q is both in perpetuity and contains a "franchises and powers" clause similar to clause 11 in the O & Q and CP Lease. This would lead to the conclusion that O & Q enjoys the power of sale over WOP lands, and that this power of sale was conveyed to CP. This question is rendered moot by the fact that CP now owns 100 per cent of the shares of WOP and there is no claim by WOP in these proceedings with respect to the WOP lands sold by CP.
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rieure, et de beaucoup, au produit global des ventes des terrains excédentaires d'O & Q, de TG & B et de POO, obtenu par CP, soit 15 797 809,26 $. Les dépenses de CP affectées à des améliorations permanentes n'incluent même pas les dépenses qu'elle a affectées au matériel roulant au cours de cette période.
CP expenditures on permanent improvements do not even include the expenditures which CP made on rolling stock during this period. The failure to obtain the approval of these sales by the Board of Directors of O & Q has already been discussed. CP by the Lease was granted complete control over the operation of the O & Q Railway. CP could call upon O & Q to take all steps reasonably necessary for the operation of the O & Q Railway by CP. The officers of O & Q were obligated under the Lease to execute such documents as required by CP in the conduct of its operation under the Lease (see clause 11, supra). The lease terms were explicit and could not be varied or overturned by subsequent O & Q by-laws. Section 2 of the 1891 CP Act does not impose any requirement for board approval of any sales under the statute and given the general control which CP exercised over O & Q under the Lease it was not necessary for CP to secure board approval for any of these sales.
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Toutefois, les terrains cédés en vertu des trois baux peuvent être classés dans différentes catégories juridiques. Les ventes par CP de terrains excédentaires d'O & Q entrent dans trois catégories: ventes de terrains d'O & Q, ventes de terrains de TG & B et ventes de terrains de POO.
There are, however, different classifications in law of the lands demised under the three leases. The sales of O & Q surplus lands by CP fall into three categories: sales of O & Q, TG & B and WOP lands. As found above, CP enjoys the power of sale over O & Q lands. Such is not necessarily the case with respect to WOP and TG & B lands. The WOP lease to O & Q is both in perpetuity and contains a "franchises and powers" clause similar to clause 11 in the O & Q and CP Lease. This would lead to the conclusion that O & Q enjoys the power of sale over WOP lands, and that this power of sale was conveyed to CP. This question is rendered moot by the fact that CP now owns 100 per cent of the shares of WOP and there is no claim by WOP in these proceedings with respect to the WOP lands sold by CP.
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Le 12 août 1887, O & Q a accordé à CP un bail à perpétuité sur le chemin de fer de POO qu'O & Q avait acquis en vertu d'un bail à perpétuité le 21 juillet 1887. Le bail intervenu entre O & Q et POO a été ratifié par l'art.
On August 12, 1887, O & Q leased to CP in perpetuity, the railway of WOP which O & Q had acquired by lease in perpetuity on July 21, 1887. The lease between O & Q and WOP was approved by s. 1 of An Act respecting the Ontario and Quebec Railway Company, S.C. 1887, c. 62. The lease between CP and O & Q of the WOP lands was approved by An Act further to amend the Act respecting the Canadian Pacific Railway Company,S.C.1887, c. 56.
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Le 12 août 1887, O & Q a accordé à CP un bail à perpétuité sur le chemin de fer de POO qu'O & Q avait acquis en vertu d'un bail à perpétuité le 21 juillet 1887. Le bail intervenu entre O & Q et POO a été ratifié par l'art.
On August 12, 1887, O & Q leased to CP in perpetuity, the railway of WOP which O & Q had acquired by lease in perpetuity on July 21, 1887. The lease between O & Q and WOP was approved by s. 1 of An Act respecting the Ontario and Quebec Railway Company, S.C. 1887, c. 62. The lease between CP and O & Q of the WOP lands was approved by An Act further to amend the Act respecting the Canadian Pacific Railway Company,S.C.1887, c. 56.
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Le 12 août 1887, O & Q a accordé à CP un bail à perpétuité sur le chemin de fer de POO qu'O & Q avait acquis en vertu d'un bail à perpétuité le 21 juillet 1887. Le bail intervenu entre O & Q et POO a été ratifié par l'art.
On August 12, 1887, O & Q leased to CP in perpetuity, the railway of WOP which O & Q had acquired by lease in perpetuity on July 21, 1887. The lease between O & Q and WOP was approved by s. 1 of An Act respecting the Ontario and Quebec Railway Company, S.C. 1887, c. 62. The lease between CP and O & Q of the WOP lands was approved by An Act further to amend the Act respecting the Canadian Pacific Railway Company,S.C.1887, c. 56.
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Le produit total des ventes de tous les terrains faisant partie des secteurs contrôlés par O & Q, TG & B et POO entre 1884 et février 1974 s'établit donc à 15 797 809,26 $, après rajustement pour tenir compte de la valeur marchande des terrains.
The total proceeds, therefore, from the above sales of all lands in the O & Q, TG & B and WOP property sections during the period from 1884 to February 1974, after adjusting the sales to reflect their market value, was $15 797 809.26. This figure includes the sales of lands to Marathon as well as the sales of lands acquired after the Lease by CP (and registered in CP's own name) for one of the three property sections comprising O & Q total lands.
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Le dossier indique également qu'au moment où ces poursuites ont été intentées, CP possédait 68 pour 100 des actions en circulation de TG & B. Les actionnaires minoritaires de TG & B n'ont pas comparu dans la présente instance et le dossier n'indique pas qu'un de ces actionnaires ait intenté une action ou qu'il soit intervenu. Il ressort également du dossier que CP possède 100 pour 100 du capital social de POO.
The record also reveals that by the time these actions were commenced CP owned 68 per cent of the outstanding shares of TG & B. The minority shareholders of TG & B have not appeared in these proceedings nor does the record reveal any actions brought or participated in by any of them. The record also reveals that CP owns 100 per cent of the capital stock of WOP.
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Enfin, bien qu'il semble que CP ait également eu en vertu des baux à perpétuité le pouvoir de vendre les terrains excédentaires de POO et de TG & B, il n'est pas nécessaire de trancher cette question puisque POO et TG & B n'ont présenté aucune réclamation en l'espèce à l'égard de leurs terrains respectifs vendus par CP.
Finally, although it seems that CP also had under the perpetual leases the power to sell the surplus lands of WOP and TG & B, there is no need to determine the issue since there is no claim by WOP or TG & B in these proceedings with respect to their respective lands sold by CP.
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Enfin, bien qu'il semble que CP ait également eu en vertu des baux à perpétuité le pouvoir de vendre les terrains excédentaires de POO et de TG & B, il n'est pas nécessaire de trancher cette question puisque POO et TG & B n'ont présenté aucune réclamation en l'espèce à l'égard de leurs terrains respectifs vendus par CP.
Finally, although it seems that CP also had under the perpetual leases the power to sell the surplus lands of WOP and TG & B, there is no need to determine the issue since there is no claim by WOP or TG & B in these proceedings with respect to their respective lands sold by CP.
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Toutefois, les terrains cédés en vertu des trois baux peuvent être classés dans différentes catégories juridiques. Les ventes par CP de terrains excédentaires d'O & Q entrent dans trois catégories: ventes de terrains d'O & Q, ventes de terrains de TG & B et ventes de terrains de POO.
There are, however, different classifications in law of the lands demised under the three leases. The sales of O & Q surplus lands by CP fall into three categories: sales of O & Q, TG & B and WOP lands. As found above, CP enjoys the power of sale over O & Q lands. Such is not necessarily the case with respect to WOP and TG & B lands. The WOP lease to O & Q is both in perpetuity and contains a "franchises and powers" clause similar to clause 11 in the O & Q and CP Lease. This would lead to the conclusion that O & Q enjoys the power of sale over WOP lands, and that this power of sale was conveyed to CP. This question is rendered moot by the fact that CP now owns 100 per cent of the shares of WOP and there is no claim by WOP in these proceedings with respect to the WOP lands sold by CP.
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Entre 1884 et 1963, CP a vendu plusieurs terrains qui n'étaient plus requis aux fins du chemin de fer, dont la majeure partie provenait des terrains d'O & Q et le reste, des terrains de TG & B ou de POO donnés à bail à CP par l'intermédiaire d'O & Q. En 1932 et 1971, CP a également abandonné des parties du réseau de chemin de fer qui n'étaient pas rentables.
Between 1884 and 1963, CP sold a number of lands not required for railway purposes, the major part of which came from O & Q lands themselves, and the rest from lands of TG & B or WOP leased to CP through O & Q. In 1932 and 1971, CP also abandoned parts of the railway system that were uneconomical to operate. From 1963 to 1973, CP sold, at their book value, a considerable number of surplus lands to a development company, Marathon Realty Co. Ltd. ("Marathon"), a wholly-owned subsidiary of Canadian Pacific Investments Ltd., which prior to 1967, was a wholly-owned subsidiary of CP. In 1967, CP sub-leased to Marathon for 99 years certain designated surplus lands. This procedure, however, caused difficulties for Marathon in obtaining financing. In 1973, to remedy the situation, CP installed in O & Q a Board of Directors constituted of persons completely independent of CP and, then, O & Q and CP agreed to sell and convey to Marathon all the surplus lands free from incumbrance for a certain price. This agreement was authorized by the shareholders of O & Q at a meeting purportedly called in accordance with the by-laws of that company. At the meeting, CP, which held almost 80 per cent of O & Q shares, voted all its share-holdings in O & Q and thus overrode the objections of the minority stockholders of O & Q to the Marathon transaction.