HomeMy WebLinkAboutKIN 59 1716 Borrowing By-law
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·.f..Bt'!'UJr 'fOAU'l'HOR'tZI THE BOJI.In II11G œ 167,00 .00 ·801
DlttlUl'ruJrlIiS FOR 'l'HSPQPOSE or 'fHE PUBLIC UTIUT calMISiIOIFœ
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PAYDG.FORTHB CœB'!JmCTt" Œ' 1DIf LIP'!' PUMPIHG STATIOR AND O'l'HEIl
A1!I'PAUœs ü1D UßHSlœs TO THE WA'l'U WORES S
or XINCARDIIL
. tfHPJUA it 18 upedient tor the purpose f alterations al1cl
e&ens1011S to the wa_ 'WOrlts.system as follows
(a) CoBst.l'I1ct.1onof J.ow 1iß P1œpUg statio to be 10ca1;ed beside
1;he low al1cl high suction wel.1.8. The re ocation ot exLs'ting
low 11t't pap., in1;ake suction p1.llllp a chlòr1na'tion
equipm.nt 'to 10 M ne.. low l1£t P1.llllP1q
(b) In8tal1&t:l.on of a DeW alum leed.r. chlo nator, flow meter
ànd sump pump in the lOW' l1£t pumpiq s
(c) Insta1la't1en of new high 11ft pump haT a capacity ot lSQÐ
gallGBS per -.1Dut.e. ànd motor in exLs'ti pump roOll
td) InatallatiGn of two new pressure filte in therilter roOll.,
to bor.rev tor 1öhe purpose aforesaid a sum not¡ e
upw the creG,it ottàe Corporat1on aDd to 18s.. debentures therefor
....ring interest at 'the rate of Six per cent pe annua aI1cl * provide
tor tbedisco\1at and. the expenses inciden'tal to nago'tiation and sale
olauch d.eMu.turea.
fC.' ~: AID .""","..·~:Ltia e2,PÙieat 'to make the rind.pal of 'the sa:l.d
d..b't repayable h aD......' iutalaeu.ts during 'the period or twenty ysara
. D.. after d.ate or 1... of' such debentures, of s1l.ch amounts
respec1ö1~l1. 10 bat . with 'the ~1'Ut in respec of 10_ debt the
agrept.e;8IIoUJIIL payaDIe for principal and s1t'1a each year shall
D. aSll8arly as pouiDIe 'the ....1
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BE IT TBDFOItI DAGTBD by the MIm1cipal
Corporat1on of 'the town of I1ncarcline t as foUo J
1.. Per 1öà. P'UPO... &toresaid. the Corp 't1on ot 1iþa Town of
nacari1ne shall bo1'J:'e" 1Ipon the crecli1l of 'the rporation a sum not
uceecliDg SIm-8ßD rHOUSAND Douns (167. 00) and abaU issue
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d.beu.'tures 'there£o11f in a_a of not less than
d.eòentoure sbaU bear iRterest at. 'the ra'te or S
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50 ,00 each. Back
pel' cen't (6_pel'
~
aDDapayable annu.'17 aad shall haTe ~cøupona. tached thereto for the
pqmeD&; of such hl"1.'est.
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2. U1ctilte~ílt.ures shan bear the s . date, sl'iWbe 14~."'4
at one t.ime and w1thin' CIne al1cl one-hall years te r t."day on which
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tbi'.ÞT'"'!law 18 pas.eel, may bear any date within s ok ..ami· o.-halt
;yeaH aDI1abal.l be _e payable 111 anAual 1I1etalll nts 4uringtha period
òÌ'ctWilatl years ne. atkr. 'tJa daM or issue the . of aI1cl the respective
__tsOf principüam. interest payable in each of nch ye'i1'8, shall.
..~ _ounts ..ò designated. in Scheclule "A.- here 0 ann.exe4.
)j-the debentures shall 'be payable as to bo h principal ancl
1n$e..s'U;1I1 1aW£1Û. I8OAe1 of (!aJa"4~ am IIII1Y 'be JIad payable at such plaoe
,..$ce$ in &-.4a ...'t'-1:1 " 4esipated ~re
It..· the said. debont1l.res shall be sealed with the seal of the
Corpora~.. aI1cl sip._ ., the head or the CouncU or by SOllIe other
penu uthor1Þ4 by bJ'..1." 'to sip 'the saae aIIIi y the Treasurer.
~,..:I41h~re..t cOupeQshall be siped. by the urer aI1cl his
.,i,patUJ'e 1iliereøa 1187 be ·wri'ttea, stamped, litho
s.. C J'n~h the year following the iss of the sa1cl
d__tuna am thereatMrin each year in which
. prlacipal of 'the said cie" and interest becolBes , the Corpora'tion
.~J1aYT aDd ~ 1;_ spec1t1c S\1II shown for e respective year in
. toùriÄ col_of the said schedule. Suchs shall be leTud and
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_t.
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KJ., 1"a.hed b7 a special rate autt1c1ent theretol1(,
r aI1cl abOTe all other
X'&1ìe.f upoa all the rateable property in the M
õ:...fte d.ebeRtures may contain any provis,io for 'the registration
t~~o.t' u aU1;hori....b1Sfttion 33~ of the Kun1 ipaJ. Act.
7. pend.1Dg t~.aale of' the said debentures the head of' the
. CoqcUaDdt_ treaa1l.r8r may raise tor the pu. ses aforesaid by way
o£ loan on s1l.Ch deben'tures, any.. or SUIIUI. or m ney not exceeding in
all the S\1ll hereby·au'thorised to be borrowed and IIIaT hypothecate such
'~.nturea tor such loan.
$.,; This By-la.... _aU ~e etfe ct on the da or 't¡he paning thereof..
BJQ.D.·aJ'lnt and Second time this 7th. day f AUßU8t. A.D. 1959.
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BIAD a Third. t.a., siped, seal.a aBel "17
Day or
passed. t~· -.
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Scm:DU~ "A" ATTACm:D TO AND FOHL: lliG i.Alfl' OF
BY-LAW no. '1716 OF 'I'm: Tomr (I!' lIIlJOA..'WIN.&.
PRINCI PAL INTEm;:s'l' TOTJIr.
1. IBOO.OO 4020.00 582.0.00
2. 1900.00 3912..00 5812.00
3· 2050.00 3798.00 5848.00
4. 2150.00 3675.00 .5825.00
.5. 2300.00 3546.00 .5846.00
6. ~450.00 3408.00 5858.00
7. 2600.00 3261.00 .5861.00
.
B. 2750.00 3105.00 585.5.00
9. 2900.00 2.940..00 5840 .00
10. 3100.00 2766.00 5866.00
11. 3250.00 2580.00 .5830.00
11. 3450.00 ,.,71 2385.00 .5835.00
1,. 3650.00 ¡r¡7;J. 2.11ª!go . . .5828.00
.......,.__.--~..-._..._-_..--_.._-- --..... - "-" .---......_.....
14. 3900.00 7::> ' 1959.00 5859.00
I----.-------------.------__~ f--- _.,~._--
1.5. 41.50.00 70.1 1725.00 587.5.00
16. 4400.00 .l\ 1476.00 .5876.00
17. 4600.00 }, 1212.00 .5812.00
18. 4900.00 )7 9,6.00 '. ,5836.00
19. 5200.00 7;; 642.00 5842.00
20. 5500.00 7 'I 330.00 . 5830.00
'l'()TALS 167.000.00 f49.B.54.00 116.8.54.00
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