HomeMy WebLinkAboutKIN 58 1683 Borrowing By-law
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TD CORPORUICII or THE TCMH or KIlfCARD
, II-LAW 10. 16tt3
"1N a _ ~r...law to a. J,tàorl.e the borro g
or fJ.2,ooo.OOto provid. 1'or the 1Ia1c1
or a raa' '.wanla tàe fiDcardiue terr
'\fUUA8 The M1micipalAot provide. that every
_, pa.. D,-la". 1'or tae parp... of llaking a ¡ran1;
icipality
toward. the
...atruction or a "'orial C_pel)
AND WHJI:I1!:!8 UDd.r the Mt.uúcipal Aot a aunicipal
auttie1eat1'UD4a tor the said purpoae and make arr
, _, borrow
..at. tor
,
repart.. the .o.ey .. .om__.
AID WHEU!8 the COUROn of tM Corporatioa of 10 Town or
Uaoardiae de. it exped.1eat to _Ice a gran'" toward the
construction of t~ I1noard.i..- C...terr "'orial C
borrow the.o.ey '0 pay tor a.. aM lUko arrangeIBe
Npa,...t of the 1þJt over a penod Dot excee41Dg t ur ,oars,
Aim WHBIlAI ~t 18 4.,~w e~d.i..t tbat the t of the
aaid ¡raat 1M 112.oøø.OOJ
. AND WHBW' the -.unt of"" 0.at18& 40bentll debt of
. the Corp.rati_ ia t4å4.725.'lt a8I1 DO pal't 01pal or
tatONlt or auah de.t 18 in an.araJ
AID WIŒIIA8 tJae aaeat or the whole rat.alth p party of the
aunici,al1ty aooordin¡ to the last raTi." a.s..... t roll i.
.2,509,5'5..,
AID WHlllAI ~ Order 110. P..'.I.-357...S' datod t Tw.nty-
Fint day of A..- l'JI tàe Qatario Muicipal Boa haa 'approved.
tho pu:rpe.. ot the u1d. Derrowiq aDd pa.a1Dg ot al r.qu1s1~
by-la.. 1nc11lll1q d.....tuN by-la...
THEU,OU t.. Counoll of the Corporation of the Town of
I1DoardiDØ enact. as tollo".:
. 1. 'l'ha.,. a au not exc..d1D&. $12,000.00 be bOITOweQ f'roa the.
Baak of Møtreal 1n tà. To.. of Kincanliu for the rpo... of
:u.kiag a ,~ towanl. tu Duild1ng of' the Kincardi o...l<.rr
Me.rial ChapelJ
2. 'l'hat the 10. ot tl2..000..00 be repaid over a po oci not
ex...d1ß¡ tour years ...1Ja& 1"', 19S9, 1960 aDd 1 1.
.~.
.. ¡ -
;J. Tþa.1; to¡¡r p~aaor,r D.t.~ ~ cirawá in tavGlI . of the
~
BaWc. Ør ~ntrea~, J4noa'rdln" OÞ1ï~r1.J ~ the "Gun aot ~ ter
t;he rea", ~
:¡'9S'
1959
1960
1961
· 2,000.00
· 3_'00._
· 3,300,00
· 3,~.M
and .UA ~r_a..rr .... aha;Ll bea" :$oat.reat at the rat. "t
S.t _ (rbo and OR....QuaI't.rt peNeat pn 8JUlua.
It. Tbd each .reateeo!?' ute ahall be sealed wt the .eal ot
the CorporaU.. udai_li. Dr the Head of c.\Uldl 0 ·br .... 8the..
persen au1öh8l'iHd. by .,...1&. te dp tà. ..., andb the Tre~sllrer.
5. That ucla proai.a.rr note . .hall bec~ d_ an payable ia
the resp.ctive yean 1''', 1"9, 1960 ... 1961 on t . Anniverøarr
of the dat. ot the d¡1tU& t....t a~ the Corporat on of the To..
o! nncardiae .hall 1.'Yf on a1¡ tàe ratea1Þle prope y in tb,e
._hipalit,. an aaowat .....r aad aNYe aU other rat a sufficieat
to ...t such paJIHata, laol_iq iatereat.
6. That thia Dy-law..hall bee... ~tt.ctin upon ind pa.~
thereot..
lU!:A~a t t and ....ad. U.. thia
da, of ~. 19Ç¡
- . .
/
Mayer
Ole*-
READ a thir4 t1ae aad finally pae" this
P~O"e:D
p.P
" ·\~sr¿
-µ L' ~
St.· ~~
t\\ýW ..... .'
~
Mayer
Cleric
tembe r
Ij QAt 1958.
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