HomeMy WebLinkAboutKIN 62 1810 Payment Installment
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CORPORA TIOH OF THE TCMN OF KIHCARDIlIE
BI-LAY 10. 1810
~R.&g it is provided by the Assessmea Aqt 1960,Chapter
23, Section 120, Subsection 5, that the Co eil of a tOWiQ may by
By-Law authorize the Treasùrer or Collector to receiTe in any year
par-ents on account of the taxes for that y ar in advance of the
date fixed by by-law for the payment of any instalment aId to allow
a discount for such payment.
BE IT THEREFORE ENACTED and it is hereb enacted by the Council
of the C8rporation of the Town of Kincardi as follows:-
1. The Treasurer may receive in the year 1 63 payments on account
of the taxes in advance of the date due and he is herewy authorize.
to allow a disoount on such taxes at a rate of discount according to
the following schedule, which approximates 8 nearly as may be the
rate of Five Per cent per alln1ml for each pe od stated, notwith-
standing that such taxes han not been le,!i d and that the assessmen1
roll for the year 1963 had not been adopted by the Council when such
advance payment is made. The Did schedule of discount allowed for
the different periods of payment shall be a follows:-
Cost
1st March 1st April
to to
318t March 15th April
. 9.87 . 9.9~
4-9.35 4-9.70
98.70 99.40
Coat
Coat
Coat
Coa'\ò
1""- 18t Janua1'7 16th Janua1'7 1st Febrea
te to to
15th January 31st JU\1a1'7 28th Februa
. 10.00 . 9.79 . 9.81 . 9.84-
50.00 48.95 4.9.05 4.9.20
100.00 97.90 98.10 98.4.0
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The cost of a certificate
shall be in the same proportions as the abov
amount of each certificate respectively, if
hereafter issue prepayment certificates for
the above amounts.
amounts than the abOTe
cost bears to the
he Council should
he amounts other tho
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2. The Collector for the Town shall delive
each ratepayer of the Town of Kincardine in
115 of the Assessment Act, a notice on whic
printed " ....... statement of the time and
the rate of diBcoun1; to be allowed aXlli at
days after such n6tice has first been given
advantaae of this by..law regarding payment
thereby.
3. Tax Prepayment Certificates shall be so d duriJIg the months of
January, February, March and April, only, the year 1963, aId on
presentation of any suc:h certificates to t h collector on or before
the date when 1963 taxes become due, the pu haser shall be allow4i
. a oredit equal to the face value of each suc certificate so
presenteG, on account of taxes levied agains thAÞ ratepayer so
presenting the certificate in the year 1963.
or mail postpaid to
ccordance with Section
sha l~ be written or
nner of payments and
time within fourteen
y ratepayer may take
d discount allow'
SIGHED,· SEALBD and FINALLY PASSED this
A.D. 1962. .
¿
thday or Oc:~ober
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