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HomeMy WebLinkAboutBRU 63 862 Borrowing By-law ·,.,-".. . GII'1'ABI 0 ItUHICIPAL COBPOBAT!òJIS--BOUOW!NG BY-LAW .0; 8'¿~ V\.."R1UA the C.ounc1l of the Corporat1on of the Townsh1 IutPaln O8lled the -Co1"P01"8t10n· t.... 1t necessary to borr ot 195.'" .00, to ....t unt1l taxe8 are collected, the curl' -1 tuN8 of tile CorþOrat1_ tor the year .AIID ~¡A the total a.ount of the estilllBted revenue of She CorporaU"'..,. set forth 1n the_tl_tes adopted for the eer 196) not lnolwt't.. Z'e~anues der1'Yable' or derbed fl"o. the sale l' ...et. borrowUigtJ...,1a8ues of 4ebenture. or 1'1"0. a .UZ'Plus lnclu 1JIg arrears of taxes..,,;Üle of ....t.' 18 _~~"'.OO. .&Jß). ~'R~!'I ~e total h.r.tofore author1aed to be bo owed th1l1y..r tor the pøpost. þmt10ned 1:aIlUMectlon (Z) of Sectlon) 9 of the IIun1c1pel Act 1s . '95,000,.00, of which the Corporatlon has alrea4yborr- owe4 . toUl or .'5,000.00. of :81"11Oe, the sUII t ..xpd.... ~~QU!l'BI COUlfC!L OF THE COBPORATIO)J OF THE :rOWNS IP OF UUCE heM'8T eucb as foll.w. s neB..4 and Treasurer' are hereby authorlzed on behal of the Corp- oratl_ to ~ow ,from' tl.e to tl_ by ..~ of promssory n te fl"o. the Royal :!ànk . flit Canada, hereln ..Ued th.-Bank- a sum or su Bot ex- ceeding iat.'he aggregate bareuncler hø.t7!'beusand Dollar. (.20,000.) to ...t unt1l the collected for the purposes aforeliUmtloned and to gl ve on b COZ'POratloa to the Bank a pro~..ory note or notes sealed Cozoporate8éal anlt .1pe4 by the Rea4 ad Treesurer for th borrow" w1th 1nterest aDd at a rat. Bot .xceedlng........ per ,,~.. xes are halt' of tb. lth the moneys so .per cantUII Aller _ .'WIII borrow.4 pursuant to the authorl ty of th1s B7-law , ae well .a.. all other sums borrowed in th1s year and prev10u Years fl"..tbe ~for any or all of the puzoposes mentlon d heretofore 8U1l1, Wit'h1Jl.terest thereon, be a charge upon the whole 0 án7 pert or, part. of the revenues of the Corporat10n tor the ourren year ad f01" all preoed11Dg years a8and when such revenues are rece Ye4~ The ~eaaarer 1s hereby author1zed aDd 41recte4 to ap tDP87- ...... of a11 or ant 01' the .1D8 borrowed a8 aforesald, her .1.!;h 1JØNnoe.tt'hereO:R, all or &n1 part of the aon87s hereafter Ou.cte. "or,~Y"" e1ther on aCOOUJl.t,otor realized in respect 0 the taxes, le~.·tOl" tile ourNnt year and precedlDg 7eers or from a other .ource, wh1ch 1187 lawfully be app11ed for 8uch puzopose.' '.' ~ ...... th18./..t......ùy or ~.~ - -- -~--"':..;... ~ ....::- ~~¿.;~:~ ~' +.~ - ::;, rl. ;.¡.;.' -: -n: ~' "'We ~. certlfy tbet the foregolng 1s a true copy 0 a b7-1a. ðt.':IõM...1tri~"..t1øne4 Corporatlon duly pa8.ed at a het of the ,<:ða:aeU ot~8a1;d Cozoporat1on ciar heU. aDd that the sa 4 by-lew iI Þ.~ toreeaBd .rrect.' "-,,'i¡£6i:en .er o~lW1ð8 and ..al of the Corporation thi /¡'.~.4a7 ot 1"'1' '" " ~.;~~~ ':;:z ~:>:.~. - " ~.,:¡... ~-.>' - - ...."" - ;:;, ~ - - ."'.", - \ \ - ~::.....;.;:..