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HomeMy WebLinkAboutKIN 62 1810 Payment Installment . .~;"". , ...-~;:....",.,.~ ~ "'í,;" ~"~"~".,..- ,.., -- 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 -. 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 -. 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 , " - " r - - - - - - -- - - - . , " I