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HomeMy WebLinkAboutKIN 79 4246 rate of interest ! , THE CORPORA~ION OF ¡HE ¡OWN OF KINCARDINt BY-LAW NO. 1.246 . ¡ŸHEREAS I¡ IS PROVIDED by Section 527 of t~e Municipal I Act as amended· t.hat. the Council by By-law may ilp.crease the rate of interest to a rate not exceeding one and one+quarter per I cent per month on arrears of taxes. I THEREFORE ¡HE COUNCIL OF ¡HE CORPORA~ION ot ¡HE ~OWN OF KINCARDINE ENAC¡S AS FOLLOWS: , 1. ~he ra~e of interest on all taxes in arrears after . December 31st in the year is hereby increased to one month and the Treasurer is to all taxes in arrears as , in which such taxes o/ere and one-quarter per tent hereby au~horized to I add aforesaid. levied per said interest i 2. The ra~e of interest for non-payment of current taxes or any class or instalment thereof is hereby in~reased to fifteen (15) per cent per annum from the date Ptyment is due until it is made or until the 31st day of Decem er of the year taxes were levied. 3. Tha~ By-law 2107 be and the same is This By-law ~o be effective January I I I heteby repealed. 1,119$0. i 4. READ a FIRST, SECOND and ¡HIRD ~ime and FINALLYiPASSED this 18th day of October , 1979. - ....;;./-- . ~/f~- i ~~~~a I I .-.......- - 2" , .