HomeMy WebLinkAboutKIN 74 3053 Water storage
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THE CORPORATION OF THE TOWN OF KINCARDIN
BY-LAW NO. 3053
Being a By-law to authorize the cons
o£ a municipal water storage reservo
(1) o£
be passed
thorizing
WHEREAS pursuant to paragraph 53' of subsecti
Section 354 of the Municipal Act, By-laws ma
by the Council of local municipalities for a
the work hereinafter set forth;
NOW THEREFORE the Council of the Corporation of the Town
o£ Kincardine enacts as £ollows:
.
1. In this By-law "work" shall mean the con
a 450,000 gallon water storage reservoir
work thereto.
2. The undertaking o£ the said work, the e nsion o£ the
powers of the Corporation of the said T cð proceed
therewith, and the provision of monies trefor by the
issue of debentures is 'hereþy approved'an authorized,
in an amount not exce.ding $150,000.00, sa paya¡ent o£
Province of Ontario grant under the Winte WorkS
Capital Project~F:und, repuable in 20 y ,n.
). The Treasureróf the "~rporat1on may (subject to
the approval of Council) agree with any nk or person
for temporaryacivances of money to meet t e costs of
the work pending the completion thereo£.
4.
The EBgineer of the Public Utilities Co
Town or Kincerdine shall forthwith make a
such plans, profiles, specifications and
mation as ma, benec.seary to proceed wit
In each year in which an installment on t
debentures becoMS due the amount to be
be paid from the rateable income of the s
Utilit; ..es Co_iss1on in each yearuntllt
been retired.
ssion o£ the
d provide -
ther infor-
the work.
.
5.
e said
i88d sha 11
id Public
e debt has
6.
This By-law shall not come into £oree and
the approval ,of the Ontario MwtcipalBoa
obtained pursuant to Section 64 of the On
Board Act and.. sha.ll 'come into £orce and e
such approval b~g given.
effect until
has been
ario Municipal
£ect upon
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READ A FIRST and SECOND TIME this
September, 1974.
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7th
READ a THIRD TIME and FINALLY PASSED thi
of Neve.ber
, 1974.
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E 741761
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Ontario
Ontario Municipal Board
IN 'l'HB MAT'l'ER OJ' Seotion 64 of
The Ontario Municipal Board Act
1R.S.0. 1970, o. 323), and
Section 354(1)53 of The Hunici
Act , (R.S.O. 1970, c.
-
- and -
IN THE MA'l'l'ER OF an application
The COrporation of the '1'own of
Kincardine for an order approvi
the undertaking by the public u
OOIIIIIIi.sion of the said corporat
of the construotion of a 450,00
gallon concreu water st.orage .
reser9'Oir at an estimated cost I
of $150,000.00 and the boUOWin,'
of IDOney therefor, and the
issuance of the necessary I
deb~t~s i
.
BBFORE.
'e
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) FRIDAY.. the lilt day
-an<1- ) f
» of NOVEMBER, 974
R. M. McGUIRB,
Viae-chainan ) I
'lBE BOARD ORDERS that this application be ~ranted and that
the public utility commission of the said ~orporation may
proceed with the said underta.1dng, and tm. t the applicant
corporation may pass all requisite by-laws, and may issue
W. H. PALMER,
Chainum
debentures therefor for a sum not. exceedi
$75,000.00
and not t.o exceed the net. cost of such un
the applioant, for a term not t.o exceed nty years,
provided that any by-law authoridnC] the d undertaking
is passed by a three-fourths vote of all ers of the
applicant corporation.
J
ENTERED
0.8, NO.;{.g.f.ÇÝ........
Folio No...............,··..·..·....·
IC. C. ANDREWS
SECRETARY
NOV 20 1974
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stalUAU. "'Aatl MtlIUCI~\. BOARD