HomeMy WebLinkAboutKIN 50 1506 Borrowing By-law
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TOWN OF KINCARDINE
SYNOPSIS OF PROPOSED BY-LAW
A By-Law to authorize the borrowing of the sum of
on HUNDRED and NINETY THOUSAND DOLLARS ($190, 00.00)
for the purpose of building a Public School in the
Town of Kincardine.
The said sum of $190,000.00 shall be aised
by the sale of debentures bearing interest at hree
and one-half percent per annum payable in annu I in-
stalments during a period of twenty years afte the
date of issue of the debentures.
The instalment required,to be raised 0
pay the principal and interest on said debentu 4s will
be $13,368.98 annuaily for a period of twenty ears.
Dated at Kincardine, Ontario, this 12 h day of
June, A. D. 1950.
,--
.
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Ce#tified a true copy of Synopsis of
as p~ished in the Kincardine ews
and 28th days of June, 1950
By-law
th, 21st
f
Town C:terk
.
-
NOTICE
TAKE.NOTICE that the above is a synppsis of proposeè
BY-LAW of the Corporation of the Town of Kincard"ne to be sub-
mitted to the votes of the electors on the Seven eenth day of
July A.D. 1950.
AND THAT the
Fifteenth day of
July
, 1950, at
Eleven
0' clock in th'3
Fore noon at the Council
Chambers in the said Town has been fixed for the appointment of
persons to attand at the polling places and at t e final summing
up of the votes by the Clerk.
AND if the assent of the electors is obtaine to the aaid
proposed by-law it will be tween into cinsiderat on by the Council
of the said Corporation at a meeting thereof to e held after the
expiration of one month from the date of the fir t publication of
this notice and that such first publication was
day of June, A.D. 1950.
TAKE NOTICE FURTHER that a tenant who desire to vote upon
de on the 15th
such proposed by-law mustbdeliver to the clerk n t later than the
Tenth day'before the day appointed for taking th vote, a declar~
ation under the Canada Evidence Act that he is a tenant whose lease
extends for the time for which, the debt or liabi ity is to be
created or in which the money is to be raised by the proposes by-
law is payable or for at least twenty one years, and that he has
by the lease covenanted to pay all Municipal tax s in respeet of
the property of which he is a tenant, other than local improvement
rates.
Signed)
R.
er
,Certified a true copy of NOTICE of proposed by- awas published
in the Kincardine News on the 14th, 21st and 28t days of June 1950.
Æ/~~,
_¡~uteñsll ¡ter
Town 01 ark