HomeMy WebLinkAboutKIN 68 2043 Debenture
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THE CORPORATION OF THE ,t(IIr OF KIIlCARDINE
BY-LAW NO. 20l,3
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A By-law to authorize the issue of a Debe ture
in the principal amount of $ 230,000.
for public school purposes
to provide the sum of $ 230,000.00
by the issue of Deben res of the Corporation
WHEREAS the school board named in Schedule "A" tached hereto has
applied to the Council of The Corporation of the
for th~:public school purposes set out in Schedule "A" attache hereto and the
Corporl!.tion has ~pproved of said application;
AND WHEREAS for the purposes aforesaid the Coun il now deems it
expedient to borrow money by the issue and sale to The Ontario Education Capital Aid
Corpo;ration of a Debenture of this Municipality in the princip 1 amount of $ 230,000.00
ebearlÎ!lginterest at the rate of 6; % per annum payable semi annually, which is
'. the alllòUnt of the debt intended to be created by this By-law.
NOW THEREFORE the Council of The' Corporation of the Town
af Kincardine
enacts as fol ows:
1., TI!AT for the purposes aforesaid money shall be bo
ed on the credit of
The Corporation of the
Tom, of Kincardine
by the
issue of a Debenture of the Corporation in the principal amoun of $ 230,000.00
bearing interest at the rate of 64 ~per annum payable seRli annually on the 1st day
of . Harêh
and 1st dayofhp+'''''I~
in each ar of the currency of
annual instal;ø¡ents of principal
September , 19 68
. the Debenture, upon the principal amount from time
.
andehall be payable in 3)
'2..
TaAT, the said Debenture shall be dated the 1st day 0
the 1st day of
¥tIBbeí' '
in the yean1969 to 19 88 ,inclusive, and the 1'èspective &lllounts
,
.
of principal and interest payable in respect of such Debenture in the years 1969 to 1988 ,
,
.~
inc~1J,Si1re,shall be as set forth in Schedule "B" attached here o.
3. THAT the said payments of principal and interest sha 1 be payable in lawful
money of Canada by cheques sent through the post to the regist red address of the
reg1atefed owner of the Debenture and such cheques shall be pa aQle at par in the City
of To:t'O!1to.
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4. THAT the said Debenture shall be sealed with the Seal
the Corporation and
shall be signed by the Head of the Council or by some other perso authorized by By_law
to sign the same, and by the Treasurer.
. 5. THAT all sums required to payoff the instal;ø¡ents of p ncipal of the Debenture
and to pay interest thereon as set out in the sixth COlUDIn of Soh dule "B" attached
hereto shall be levied and raised in the years 1969 to 1988 ,in lusive, by a special
rate sufficient therefor, over and above all other rates, upon al the rateable property
assessed to public school supporters in the lIIUIlicipality at the s e time and in the same
manner as other rates.
6. THAT the said Debenture be sold to The Ontario Educatio Capital Aid Corporation.
7. THAT the said Debenture shall contain a clause providin for the registration
thereof pursuant to section 323 of The Municipal Act.
8. THAT application shall be made to the Ontario Municipal Board for approval
f this By-law and for the certification of the Debenture to be i sued hereunder
4Jursuant to sections 58 to 60 of The Ontario Municipal Board Act.
9. THAT Schedules "A" and "B" attached hereto, are hereby clared to be and to
ENACTED this
20th
day of
Se ptembe r ,
68
form part of this By_law.
,
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THE CORPORATION OF THE TOlIN. OF KINCARDINE
BY-LAH NO. 204J
. SCH5DUIE "En
1 2 3 4 5 6
PAYNEN'r DATE PAYi 'EWI'S ANNUAL .IJWUJJT
NUFnt'~R DUE PRINCIPAL D;T1...:clEST TAL I3VIED HERElJHDEß,
1 Earch 1, 1969 " $7,762.50 $ 7 762.50 "
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2 September 1, 1969 6,000.00 7,762.50 13 762..50 21,525.00
3 harch 1, 1970 7,560.00 7 5&:>.00
4 September 1, 1970 6,000.00 7,5&:>.00 13 560.00 21,120.00
5 l~arch l, 1971 7,357.50 7 357.50
6 September 1, 1971 7,000.00 7,357..50 11" 57.50 21,715.00
7 ¡¡arch 1, 1972 1
8 September l, +972 000.00 7 121.25 ]J., 21,242.50
9 March 1, 1973 6,8$5.00 "
10 September 1, 1973 7,000.00 6,$$5.00 13.. 20,770.00
II lfarch 1, 1971; 6,61,e.75 6,
12 September 1, 1974 8,000.00 6,648.75 11" 48.75 21,297.50
13 ¡¡arch l, 1975 6,378.75 6, 78.75
. September 1, 1975 9,000.00 6,378.75 15, 78.75 21,757.50
March 1, 1976 6,075.00 6, 75.00
- Septa~ber 1, 1976 9,000.00 6,075.00 15, 5.00 21,150.00
Harch 1, 1977 5,771.25 5,7 .25
18 September 1, 1977 10,000.00 5,771.25 15,7 .25 21,542.50
19 Narch 1, 1978 5,1;33.75 5,h 3.75
20 September 1, 1978 10,000.00 5,433.75 15,h 3.75 20,867.50
21 Narch 1, 1979 5,096.25 5,0 6.25
22- September 1, 1979 1l,000.00 5,096.25 16,0 6.25 21,192.50
23 ¡'larch 1, 1980 1,,725.00 1,,7 5.00
24 September 1, 1980 12,000.00 4,725.00 16,7 5.00 21,450.00
25 l1arch 1, 1981 4,320.00 1,,3 .00
26 September 1, 1981 13,000.00 4,320.00 17,32 .00 21,640.00
27 Harch 1, 1982 3,881.::;5 3,88 .25
28 September 1, 1982 13,000.00 3,82;1.25 lC,88 .25 20,762.50
29 Harch 1, 1983 3,1,1;2. .50 3,l,!, <.50
30 September 1, 198) 14,000.00 ) ,M.2. 50 17,I,1f .50 20,885.00
31 Harch 1, 1981; 2,970.00 2,97 .00
4 September l, 1984 15,000.00 2,970.00 17,97 .00 4:>,940.00
Harch 1, 1985 2,46).75 2,46 .75
September 1, 1985 16,000.00 2,1,63.75 18,1;63.75 20,927.50
~ Harch 1, 1986 1,923.75 1,923 75
September 1, 1986 18,000.00 1,923.75 19,923 75 21,847.50
Harch 1, 1987 1,316.25 1,316 25
38 September 1, 1987 19,000.00 l,316.25 20,316 25 21,632.50
39 Harch 1) 1988 675.00 675 00
40 September 1, 1988 20,000.00 675.00 20,675 00 21,350.00
$ 230,000.00 $ 195,615.00 $h25,615. 0 t 425,615.00
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