HomeMy WebLinkAboutKIN 73 2270 Borrowing By-law
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'fHB CORPOWIOJI OF 'fHB TOWII OF IDfCüD
BI-UW NO. 2270
hiM a' by-law to av..r1.. the 110 11&
of $240,000.00 to ,¡eoftU for the
reo~lrtnñ1on of Qtgo Str..t fro. 1Iaa
llarat BeRth to Durlaaa Stre.t.
1fPD'UII ~. Co...11 fd the Corporation of the Town of
Iia.....in. haa ~ by-law a.thori..4: th. reOonat ñ10a of
Qu.o Stre.t froa hrha. Mark.t South to Ðurhaa S re.t.
AID WlfD1I!'!I it 1. d.eMd o:,.II.1ot to borrow the
aaid purpo.. of the __,not .x...din¡ $240,000.00 .,.ntheved1t
of the Cor,.ratioa ....pon co.,lat1on of the 8&1 co..traot1on
of the aaU ,roj.ct ud tb. reeeipt of the !roYiD . of Ontario
S....,. for thi. pur,... tJut balaD.. of the GOat 0 Aid proj.ñ
shall "e ra1." by tl:l.. Corporation i..uin& d.b.nt
lOW TND1Inp'U tu Oo.en of the Corporat.1on
føwa of liDlardin. eaaota a. follow.:
1. fhat tJut .,.. Dot uoHd1a& $240,000.00 ... be
fro. the lilaakof Jlentrnl in t1te Town of Iia
..
iD.
for the ,..,... &1'ore8&14.
2. 'fhat the pro,orU.a .....1T.d of tlw said eo.t panltl.
1ty the Pr~JiDe. to t1te 'rewa .hall lie a"I1.4 iD.t
tlw loa..
,. !bat d.1toture. .hall It. 1.8U8ci for ..1. for
of the ..id ,roj..toTer and aboft *t porti
eo.t paid out of &*&Dt. reo.i Ted 1'ro., the
Oatario.
It. The Corporation of the 'rown of liaeardiu
le'Y)" on
all trat..ltl. ,roperty in the lItIDie1tal1ty an
..d .1MTe all other rat.. .utt1010t to ...t
iDo1ud1a& int.re.t.
S _,hat ...h pI'OIIi....,. Dot. .hall bear the
rat..1 .fÞ' per ......
oTer
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6. That each promis8ory note shall be sealed 1th the
seal of the Corporation signed by the head r~' tt,?",h"ad
of the Coundl or by some other person aut orized by
by-law to aip the same and by the Treasur r.
7. That this by~~ 1thall become effective up n the final
passing thereof, subject to the approval °
Municipal Board.
the Ontario
,
Read a first and second time this 15th da of February
1973.
¡//./~
Mayr
Read a third time and finally passed this
IOT..1Mr 1913.
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Ontario
E 7 1629
Ontario Municipal Board
IN TBB MA'l'TBR OP Sections 63 an 64
of The Ontario Huniei al Board ct,
(R. ,
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IN TBB MA'l'TBR OP an application by
'1'_ Corporation of the Town of .
xinaardine for an order: I
(a) approvinq the recons1:ructi n
of Queen Str.et frcm South
Durham Market Street to
Durham Street at an .stime
ted cost of $240,000.00,
(b) approvinq 1:he issue by 1:he
appl ieant of debentures in
1:he sum of $124,000.00
therefor, and
(0) deølarinq and direetinq t
the assent of 1:he electors
the Town of Xineardine or
qualified to vote on money
by-laws shall not be requi ite
to be obtained to the paas nq
of by-laws for the purpose
afore..id
BEPORE:
w. B. PALMER, )
Chairman )
) THURSDAY, 1st day
-. - and - )
) of NOVEMBER, 1973
D. JAMIESON, )
viøe-Chairman )
r.quisit. by-laws, inaludinq by-laws prov
is... of debentures in a principal lUIIOunt t exceedinq
$124,000.00 repayable over a term of not e than twenty
years, and may borrow money to 1:he extent ttic1ent to
be and
'l'BB BOARD ORDERS that 1:he ..id appl1
the .... is hereby qranted, and that the c
now proø.ed wi1:h the ..id undertakinq at a
1:.0- exceed $240,000.00 and for web purpose· y pan all
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1. that: u.. OctZpOJ:au.n _y 1Io~ the
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'«at: DOt .....·189 $124,000.0 thacefac,
put. .. u.. ..14 .. of U40,000.00
nquUt14
p"'......., ....!pt: of nba141.. u4 the .JA of
.4.1I-;-~_ . \be e...t.pt .f "'1'8 "J'
otbc _a,
2. that: _. ftMat:....11 be act. nor work UD4u-
tak.., aat... ara4 _Ul __ ..14
ft~a baa
...ena1nec! ilhat: tbe work u of . 1\& .. that: b
e1J.9!b1a .... nb.14y towaX'd t:he _.t: tbuaof .t:
\be '...11aab1. ftU by t:he lI1n1ñry f 'fnupo&'-
auo. u4 a= ~1aat:ioa., and
3. ,bat: the __t: u be c!ebeat:'ut14 .ha 1 _t: aoeec!
in OJ' weDt: tIbe Det. oo.t: u the CI
cttl4uad.n9 OJ' fZ'.at: œ aon1:d.bat:1oa
ProvinO. of Oat:ado, or from any· 0
"....t: of tIbe ..14 work.
UD ....1OUtD D1IeI'.I.U8 UD DIRBC'l'I t: the .....t:
, .ourø.---ur'
of tbe eleøtor. ot the 'Iowa of Jt1noaX'dJD. tbø.. qaa1J.f1ec! .
U wu .. __y by-1aø ....11 ao1: be
obaiMð u the uenb. by th. oorpont:
&JII COTt14 by thi. or4u'.
J
It. C. UDDWB
SJlCItB'l'ARY
of th. power.
ENTERED
. 8. ..¿'2£-:5...........
No1~...................
DEC 12 1913
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1IICIIOMf. ..... tIWIN:IIIit ...
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