HomeMy WebLinkAboutKIN 66 1957 Grant financal aid
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CORPORATION OF THE TOWN OF KINCARDINE
BY-LAW NO. 1957
A BY-LAW TO GRANT FINANCIAL AID TO KINCARD E AND DISTRICT
GENERAL HOSPITAL IN THE TOWNSHIP OF KINCARD NE.
WHEREAS the Board of Trustees of the Kinca ine and District
General Hospital are planning a program to nlarge and improve
the facilities, including buildings and equ pment of the said
Kinc~rdine and ~istrict General Hospital an the Hospital
Board has approached this Council for a gr t towards the
financing thereof.
AND WHEREAS the said hospital is adjacent 0 this municipality
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and serves its residents or a great many t ereof.
AND WHEREAS this Council is empowered to g ant financial aid
for the erection or equipment of said hosp tal under the
provision of Section 377 (35) of the Munic pal Act, R~S¢O.
1960, Chapter 249.
AND WHEREAS this Council considers it to b in the public
interest to assist the said project and
make a financial
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contribution towards the capital cost the of.
NOW THEREFORE be it enacted and it is
1. That this Corporation make a grant of $26,000.00 to the
Board of Trustees of the Kincardine a
General
Hospital, towards the capital cost of constructing an
addition to the said hospital and acq iring and improving
the equipment thereof.
2. That the said grant be paid by instal ents of '5,200.00
each on the fifteenth day of July in ach of the years
1967, 1968, 1969, 1970 and 1971 and t at the rates to
be levied therefor shall be upon the ull value of all
the rateable property in the municip ity.
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3. That the Corporation of the Town of Kin ardine shall
issue Debentures therefor which shall n t bear interest
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for each of the years and in the amount as set out in
this by-law.
4. That the Mayor and Clerk be and they ar hereby authorized
and directed to execute the said debent res under the
corporate seal of this municipality.
5. That this by-law shall not have force 0 take effect until
approved by the Ontario Municipal Board
July
1967.
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READ a FIRST and SECOND TIME this second da
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READ a THIRD TINE and FINALLY PASSED
veDl;h day of
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