HomeMy WebLinkAboutKIN 69 2100 Payment Installment
THE CORPORATION OF THE TOWN OF KIN CARD NE
BY-LAW NO 2100
~
WHEREAS it is provided by the Assessment Act 196
Sectliøn 120, Subsection 5, that the Council of a Town
.uthorize the Treasurer or Collector to receive in an
n the account of the taxes for that year in advance
fixed by by-law for the payment Sf any instalment and
discount for such paymtnt.
BE IT THEREFORE ENACTED and it is hereby enacted by the Council
of the Corporation of the Town of Kincardine as folIo s:-
, Chap. 23,
may by By-law
year payment
f the date
to allow a
1. The Treasurer may receive in the year 1970 payme ts on account
of the taxes in advance of the date due and he is her by authorized
to all~w a discount on such taxes at a rate of disco t according to
the following schedule, which approximate as nearly a may be the rate
of five per cent per annum for each period stated, no withstanding
that sueh taxes have not been levied and that the ass ssment roll for the
year 1970 has not been adopted by the Council when su h advance payment
is made. The said schedule of discount allowed for t e different periods
of payment be as fol10ws:-
----------------------------------------------------- -------------------
_ 10.00
. 50.00
, __ .100.00
1st Jan.
to
15th Jan.
9.79
48.95
97.90
16th Jan.
to
31st Jan.
9.81
49.05
98.10
1st March
to
1st Marc
9.
49.35
98.70
1st Feb.
to
28th Feb.
9.84
49.20
98.40
The cost of a certificate for any other amounts
shall be in the sæme proportions as the above cost be
amount ef each certificate respectively, if the Counc
hereafter issue prepayment certificates for the amoun
the above amounts.
2. The Cellector for the Town of Kincardine shall d
postpaid to each ratepayer of the Town of Kincardine
with Section 115 of the Assessment Act, a notice on 'II
written or printed a concise statement of the time an
payment and rate of discounts allowed and at any time
teen days after such notice has first been given any
take advantage of this by-law regarding payment and d
thereby.
tIÞ 3. TaxErepayment Certificates shall be sold during
..January, February, March and April, only in the year
~n presentation of any certificates to the collector
the date when in 1970 tax.. become due, the purchaser
a credit equal to the face value of each such certifi
on account of taxes levied against the ratepayer pres
ce~9i~~te in hhe year 1970.
. ~~;;..' - -.. '-"'~J y ~ ~
Ë..EÄ~a FIRB)'-. and SECOND time this
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7th
1st April
to
15th April
9.94
b.9.70
<')9.40
han the above
rs to the
1 should
other than
liver or mail
n accordance
ich shall be
manner of
within four-
atepayer may
scount allowed
he months of
f 1970 and
n or before
shall be allowed
ate presented,
nting the
day of November
1969.
READ . THIRD TIME and FINALLY PASSED this 7th
N~.è.~-._ 1969.
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day of