HomeMy WebLinkAboutKIN 51 1525 Borrowing by-law
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MUI1kipa ;~¡lørTetn )(>l'ary Ad_
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A BY~lAWauth9d¡;~theobtaini!IQ of tempOrary advances to meet th CÒ8t of~rtain
works ~rtaken~!I.:lQQå1 itnPro-vementpending. the· completio thereOf:
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" W~the Municipal Council of the Corporation of the
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of
'. Ki1'Ì,~anit4. . .,. .' . .... .. has passed Construotion8y-law Number 't,."'" 15D64
.oopy'(lf 1/lhièl'!',~aQllexedheret~,a~rizinøtlutconstructiØit of the works escribed in it as a
. .;·joI.\aHmprovemøJ\t,underthe:"P\"Oýi8ions.ofth&L.iIcaIlmprovement Act, th esttmatedCC)st IJf
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WWchWOlikt~'Î
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190 '000.00
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. "NDW!:I~EA~'itÎ6( j\sj~~tGåøréiwitli abaoil:Jor tempótarya Aoes-i6jt¡eetthe
.... .ót the aàìcfWork&pen~~.tbø.1;()mpletionthereof. .. .
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BElT 1"HERE1"ORE;~'tSO bytl18mq GeunCil a8 fólloVÍ8:
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~·Pasae4Wthe.saldCOUlKlittñi~
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-~0--' :·I.C8~tI1l1¡forøgoi~~,..~ coPY ofà By-law puêed by the Cou
. . 'Ò:rporation~_#Ie ~.~. '..þ?~ on the day
of .~Ji$ . and ;!'-t theþàper-writing hereto annexed is a true c py of Construction
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..- t. T~;t-I~ad and Tr~re:l"øf the 'Corpo)-atiori ani hereby authorized w"obWh from the
ÞanJc.0fMofttrèalte.lI1pórary~anceut a rate or rates not exceeding 4 per cent per
"~:~~S~~nQte or P";'"iasory notellor by way Of~., draft or otherwise
... .döltars to~ttlfj GoatPf'th8e;æid.,works pending t~CÒIJ!IPI tiIm thereof. "
". 2. k pr9ínisSOlynofe(jr;notð$.oriotb.rvquchðr8, _led with the OorPo ' ~aI and siø!!.8d
.~9 .!Iehalfofjhe.Gerporation;b.y.tllefi{ td~"reasurer thereof, for the ad . from timøto
"~-öbtaiJl8<f.u ldeJ tbel+.U~ltffiøfeof&nl.lmte.rest thereon, may be gi n to the said Bank
'c':;··/ltOYi<!inø forth~ repayment of or representing.Jhe said advances with terest thøreon as .
. .foré8aid. . .' .' .' . " . ....
.~. The Trsssurer of tfI&ûorpøt.atlon i&þøt~by authorized IInd direo
la}llI1ent of suchadvand8s witl! i/Ùl reet thereon'9.saforøsaid all moneys bo wildon the ere!tit
~tJ¡øCorPo.-atron to repay ~.advaAcesa~dtO', defray the cost of the ~id w rI<S and all moneys
>frbm ethersoµrC8s proper~ j¡pj:IJiCAAIø·to.~ of the said wor~ i
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