HomeMy WebLinkAboutKIN 77 4103 Electrical distribu
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THE CORPORATIOII OF'l'lIB TOWII OF KINC~II!Œ
BY-LAW 110. l¡.103
Being a By-law to authorise the constructien of ~apita1 improTe-
ment. to the electrical distrib1ltion system. of t~e Town of
Kincardbe.
WHEREAS p1lI'auant to paragraph 53 of subsection <t·) of Seation
354 of the Municipal Act, By-law may be ,&ased y the Councils
of local lII1U1icipalitie. for authorising the werk hereinafter
set forth; and .
WHEREAS Ontario Hyd.ro us approTed the issue of -Jebentures for
the said wrk in an amount not exceeding $150,~.00; ud
WHEREAS the Council of the Corporation of the To~ of Kincardine
by a Tote of three-fourths of all a..bers of CCI1I1~cil, enacts as
follows:
1. In this By-law ....rk· ..n.,] aean the compl....ion, improTe-
lIeDt, alteration, enlarge"Jl.t, or e%teasien I of the PI1blic
Utility undertaking being the electrical po r or energy
trusmission er distribation systell of the own of
Kincardine, sach sust.m b.ing contrell.. u managed by
the PI1blic Vti11ties CoDllllission of the said Town, by
distributioJl. system ud associated .quipmea , at an
estimate. cost of $150,000.00 all as IllØre p icularly
described in Schedule ·A· of this By-law.
2. The udertakiag of the said werk, the e%t.a ion of the
powers ef the Cerperation of the said Town e proceed
therewith, and the provision of 110nies the for. by the
issue of deb.ntures is hereby approTed ud uthorised,
in u amouat not exceecling $150,000.00, rep yable in
15 years.
3. '!'he Treasurer of the said Corporation may <t' bj.ct to
the approTal of Council) agree with uy baa or person
for temporary adTances of money to me.t the costs of
the work pending the c.mpletion thereof. .
l¡.. '!'he Manager of the PI1blic Utilities COIlllDiSS¡' on of the
Town of Kincardine shall forthwith make aD. provide
such plus, profiles, sp.cifications and ot er information
as may be nec.ssary to proceed with the wor .
5. In each year in which an installment on tb~. said .
debentures becomes da., the amount to be r sed shall be
paid from the rateable income of the said blic Utilities
CollllDission in each year until the debt has e.n retired.
6. This By-law shall not come into force and e*fect until
the appreTal ef the <m.tario Mlimicipal BO~,haS been
obtained p1lI'suant to Section 64 of the On io Municipal
Board. Act, aDd shall come into force aDd ef ect upon
such approTal being giT.n.
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READ A FIRST and SECOND time this Third day of R~Tel1b.r, 1977.
\)}µ.. / ~ JnA'~ ... . .
READ A THIRD time and FIlIALLY PASSED this
March 1978.
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SCHEDULE "AW
Distribution System - overhead $ 50,000.00
Distribution System - underground 1120,000.00
· Trans1'ormers 65,000.00
Meters 15,000.00
Office Equipllleat 3,000.00
Tools 3,000.00
Vehicles 15,000.00
TarAL ..................................... $1271,000.00
To be rai.ed froll current revenues $ il21,ooo.OO
To be debentured $1150,000.00
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Ontario
~ 77200'
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Ontario Municipal Board
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IN THE MATTER OF Section 64 of
The Ont~o ~C~ard ia.,
1n.s.0. 70, c.
... and...
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IN THE MA'l"l'ER OF an application
The Corporation at the Town of
Kincardine for an order approving
(a>
. :;:ä:;~~~::~ ~e J:bli d
corporation ot oerta1n ...
.... ~ 1me electrioal ...
b\1Uon 8f8Hn\ a1; an eñ1ma
eon 01 $271 ,000. 00
and 1;he borNw.lng ot 1IIOUef
way ot 1;~ adTaDOes no
aoeecl1Da in the aggrega1;e
SIIOb ~ cost 'Ø8ßd1ng
1abe eale of debentures, ana:
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tbe 1...,pftce ot the nee.aaart
4.bent1a'8Ø as set 013 below, _
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Wedneeda1', the d day
ot FebzouaJ'y, 19 8
(b)
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BEFORE.
A.H. ARRELL. Q.O.,
Vlc...oha1rDlàn
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... and-
D.H. MoROBB,
Member
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'tHE BOARD ORDERS 1;ha\ thie application be gran and 1;bat
,
the publio 111;1111;1' oo-.iøe1on ot the said oo~t1on _7
pNceed w.l.th the tol1ow:l.nc SmpI¡'ovemen.. to the ~.Ctr1Cal
diñr1buUon syst.. oonld..ting ole
1. D1str1buUon SJlltem, - ov..hea4.
2. D1a1a"ibution S11ñ- ... UDðergrowul
3. 'l'ranatOJ'lUJ"S
l¡.. Me1;WS
Eœ.
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$ ;o.~.oo
l20.00þ.OO
65,ooþ.00
l5.00þ.00
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B 77200S
s. om.. Bquipllll&'
6. '1'ool8
7. Yebiol..
3.
3.
IS.
... *' \be appl1",,' OOl'pOft\1on ..,. boftoow
_b pVpcNJe ad ..,. pull all ftqU1aite bJ'-la
..,. ...... de"'__. 1J.baoet0l' DO\ .......""1 U
.. aft to exo.. \be ~ oo8b of euoh
appUUå, tor. __.., _ _.. lUMen
f.or
. aDd
,000.00
_ the
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SBCD!
0. tfI....G..?z...£.....
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.. ff82 41978-
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