HomeMy WebLinkAboutKIN 65 1880 Purchase of Land
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. OF THE TOWN
KINCDDINB
BY-LAY NO. 1880
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1fflI:R1I:.S :it is provided by Revised Statu es of Ontario 1960
Càapttr249 SeottoR 4.9 that with the approval of the Department of
JIm1ic:f.pal Affair.. By-Laws may be passed by t e Councils of local
Jlmic:lpaliti.. tor acquiring and expropriati land and selling or
and
leadna land for the purpose ot sites for the
carrying on ot Industries and industrial
AND WHEREAS the Corporation of the
made an offer to purchase from Garlock of Can da L:lmited the lands
described in an Offer dated January 7th 1965
by the :Department of Municipal Alfairs,
'lJinP'ORE mE COUNCIL OF THE CORPORATI
IIJiCARDINB ENACTS AS FOLLOWS,;.;
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,
1. THAT the said Corporation shall acq re the said lands
.niah are more particularly described in a de d dated the Fitth day
of Karc1t, A.D. 1964. by Yale :Rubber Manufactur ng CompaDy of Ganada
Limited. to Garlock et Canada Limited an. regi tered in the Recis"..,.
O1.'fice tor the COUJilty of Bruce as tor the Town of
-
Uncar-dipe at the price or sum of
D :DOT.T·ABS payable
OJIBDOOSAND OO~'(,AR$ as a depoa:it, TWO THOUS ' ])OU..RS :LA cas1i on
.1081n¡ and the balance of the purchase price NINB THOUSAND DOLLARS
:.Y ¡1'9'ing the vendor a mortgage on said lands payable THRD DOUS
~.~&RS yearly for three years and bearing 1 tereat at Six per cen
par anna.
2. THAT the Mayor and the Clerli: of the said Corporation
are hereby authorized to execute the agreemen ot purchase and sale
and the said mortgage to be given to the vend r, or it the said
r~ ,qreeJ9.nt shou1dbet~aded by the vendor anel . e purohaser, 80
~that the purchaser would give back 1;0 the Ven or a short agreement
of .1. or a p%'Glll1sae:r:y not. for the said sum ot Nin. Thousand
Dollars then tnesaid Mayor and Clerk ot the orporation are hereby
autl1orisedto8ip the said agreement or pro
:3. AND the Depar'tment ot Municipal Aff . has approved of
the purch~se of 'the aaid lands by the Corp ration of the Town of
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Xi.acardine by its order dated the day ot
"19~.
READ An:RS'r' AND SECOND TIME this 25th Y ot January,
A.D. 1965.
WD A THIRD TIME and FINALLY PASSED t 8 .:1£ 11í
ot .J A.AI VII R r ' A.D. 1965.
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