HomeMy WebLinkAboutKIN 66 1953 Payment installment
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THE CORPŒATION OF THE TOWN OF KI CARDINE
BY-LAW NO. 1953
WHEREAS it is provided by the Assessment A t 1960, Chap. 23,
Section 120, subsection 5, that the Council of a Town may by
by-law authorize the Tre~surer or Collector to receive in any year
payment on the account of the taxes for that y ar in advance of the
date fixed by by-law for the payment of any in talment and to
allow a discount for such payment.
BE èT THEREFORE ENACTED and it is hereby e acted by the Council
of the orporation of the Town of Kincardine a follows;-
1. The Treasurer may receive in the year 1967 payments on account
of the taxes in advance of the date due and he is hereby authorized
to allow a discount on such taxes at a rate of discount according
to the following schedule, which approximates s nearly as may be
. the rate of five per cent per annum for each p riod stated, not-
withstanding that such taxes have not been lev ed and that the
assessment roll for the year 1967 has not bee adopted by the
Council when such advance payment is made. T said schedule of
discount allowed for the different periods of ayment shall be as
follows;-
- - - Ïst Jañ.-lõth 'Jañ.- 1st Feb. - 1st Marc- - Ïst Ap"rlÏ - - - --
to to to to to
15th Jan. 31st Jan. 28th Feb. 31st ~~r 15th April
$ 10.00 . 9.79 9.81 9.84 9.87 9.94
50.00 48.95 49.05 49.20 49.35 49.70 ,
100.00 ~J'T& 98.1- 98.40 98.70 99.40
97.90
The cost of a certificate for any other amount than the above
shall be in the same proportions as the above cost bears to the
amount of each certificate respectively, if t e Council should
hereafter issue prepayment certificates for t amount other
tha the above amounts.
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2. The Collector for the Town of Kincardine all deliver or mail
postpaid to each ratepayer of the Town of Kinc rdine in accordance
with Section 115 of the Assessment Act, a no ·ce on which shall be
written or printed a concise statement of the ime and manner of
paJlllents and the rate of discount to be allow and at any time
within fourteen days after such notice has fi t been given any
ratepayer may take advantage of this by-law re arding payment and
discount allowed thereby.
3. Tax ~repayment CerMificates shall be sold uring the months
,of January, February, uarch and April, only i the year 1967,
and on presentation of any certificates to the collector on or
before the date when in 1967 taxes become du the purchaser
shall be allowed a credit equal to the face v lue of each such
certificate presented, on account of taxes le ied against the
ratepayer so presenting the certificate in th year 1967.
SIGNED, SEALED and FINALLY PASSED
September A.D. 1966.
this twenty third day--Qt.-~-- /:-
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Mayor