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This Act is current to August 26, 2025

[Prepared for convenience by the Office of Legislative Counsel. Note: This Act has not been revised as part of the Revised Statutes 1996. References in this Act to other Acts may be references to earlier Revised Statutes or to Acts not consolidated in a general revision of statutes, depending on when the provision of this Act containing the reference was enacted or amended.]

An Act Respecting Canadian Pacific Railway Company and Certain Wholly Owned Subsidiaries

[SBC 1957] CHAPTER 71

Assented to March 28, 1957

Contents
1Short title
2Assets vested in Canadian Pacific Railway Company
3Act to be the conveyance
4Registration of properties vested
5Companies dissolved
6Commencement
First Schedule
Second Schedule

WHEREAS Canadian Pacific Railway Company has by its petition prayed that it be enacted as hereinafter set forth, and it is expedient to grant the prayer of the petition:

THEREFORE, HER MAJESY, by and with the advice and consent of the Legislative Assembly of the Province of British Columbia, enacts as follows:—

Short title

1   This Act may be cited as "Canadian Pacific Subsidiaries Act, 1957."

1957-71-1.

Assets vested in Canadian Pacific Railway Company

2   So far as the legislative authority of this Province extends, the powers, rights, privileges, franchises, assets, effects, and properties, real, personal, and mixed, belonging to or possessed by the companies listed in the First Schedule hereto, or to which they are or would hereafter have been or become entitled, are hereby vested in Canadian Pacific Railway Company.

1957-71-2.

Act to be the conveyance

3   This Act and any Act of the Parliament of Canada respecting the vesting in Canadian Pacific Railway Company of the railways, undertakings, powers, rights, privileges, franchises, assets, effects, and properties, real, personal, and mixed, of the companies listed in the First Schedule hereto shall be, for all purposes, a legal and valid grant, conveyance, transfer, and assignment to Canadian Pacific Railway Company of all lands or interest in lands, of all mortgages or encumbrances, and of any other property of any description whatsoever, of each of the companies listed in the First Schedule hereto.

1957-71-3.

Registration of properties vested

4   Upon the application of Canadian Pacific Railway Company, in accordance with the provisions of the "Land Registry Act," accompanied by a copy of the Statutes referred to in section 3, the Registrar shall register the title so vested in the name of Canadian Pacific Railway Company.

1957-71-4.

Companies dissolved

5   The companies listed in the Second Schedule hereto are hereby dissolved.

1957-71-5.

Commencement

6   This Act shall come into force with respect to any one or more of the Companies listed in the First Schedule hereto on a day or days to be fixed by Proclamation of the Lieutenant-Governor in Council.

1957-71-6.

First Schedule

The British Columbia Southern Railway Company.

The Columbia and Western Railway Company.

The Kaslo and Slocan Railway Company.

The Kootenay and Arrowhead Railway Company.

The Nakusp and Slocan Railway Company.

The Nicola, Kamloops and Similkameen Coal and Railway Company.

The Shuswap and Okanagan Railway Company.

1957-71-1st Sch.

Second Schedule

The British Columbia Southern Railway Company.

The Columbia and Western Railway Company.

The Kaslo and Slocan Railway Company.

The Nakusp and Slocan Railway Company.

The Nicola, Kamloops and Similkameen Coal and Railway Company.

1957-71-2nd Sch.