HomeMy WebLinkAboutKIN 73 2284 Borrowing By-law
BY-LAW NO.
2284
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"'CARD]"
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THE CORPORATION OF THE TOWN OF
A by-law to authorize the borrowing of $4,1 4.00
for the purposes of paying the cost for the
construction of a small animal pound buildi g.
WHEREAS the capital cost of the small anima~ pound building
is $13,001.13. I
AND WHEREAS it is deemed expedient tn bnrro! fnr the purpose
aforesaid by way of promissory note a sum Dot exceedin~ $4,134.00
THEREFORE the Council of the Corporation of I the Town of
i
Kincardine ENACTS AS FOLLOWS:
1.
For the purposes of paying part of the
,
,
~aPital
cost of
the construction of the small amimal pound the Corpora ion shall borrow
by way of promissory note from the Treasurer of Ontari
~xceeding $4,134.00 with interest at the rate of 7% pe
2. That in ppyment of the loan authorized ~y
the Corporation shall in the year 1973, on or before t e
a sum not
annum .
section 1
1st day of
December, pay to the Treasurer of Ontario the sum of $ ,134.00 plus
interest, at the rate of 7% per annum.
I
3. That in the year 1973 the Corporation s~all levy and
raise on the revised assessment for that year a sum su ficient to
make the payment authorized by section 2 hereof by a s ecial rate over
~nd above all other rates upon all the rateable proper y in the
municipality. I
4. That the Mayor and the Treasurer on beh1lf of the Town
of Kincardine are hereby authorized to sign a promisso1y note for the
loan to be effected.
5. That this by-law shAll be effective on ihe date of final
passing thereof. I
READ a first, second and third time this
10
day of
July
19 -'l1
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