HomeMy WebLinkAboutBRU 59 777 Borrowing By-law
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ONTARIO
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MUNICIPAL CORPORATIONS - BORROWIN
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. <,:, '~",""£R£AS the Council of the Corporation of the of
:;;i~~;$~~:' ...... '. . (herein, calkd "the Corporation") dee . it nem.ary ~. borrow tbe
':'~~\~~.tk0:~i to meet, until the taxes are collected. th current expeaditurea of tbe
e. .\N.. D'.' . WHEREAS the total amount of the estimated revenues the Corporation as .let fo. rtb
ia the ,*!!IITIt"!l adopted for the year 19S'not including revenues deri "ot~ from the &ale
:.... " ot~. ~'oi . .. 1t ot~, !:P!I'la~U'bincludin arrearsoftaxea...øpil'Gm1.
......... . ".1'3.1" ~O . .... .......
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AND WHEREAS the total amount heretofore authorized to be
pøøeø mentioned in subøection (1) of Secûon 341 of the Municipal Act .
'. ...~ ~tlon baa already borrowed a tota1 oft6S.000.oe ':
THEREFORE THE COUNCIL OF THE CORPORATION
1. n.,liead and Treasurer are hereby authorized on behalf of
tin.. to titM by way of prornieeory note from THE ROYAL BAN
"the Buk") a 811m or 8um. not eocceedinc in the aggregate bereundøl' ..
Jl1.e~Y .....lUId Dollara ($ 90
lire ~c:un'èñt exPtlll4iturea of the Corporation for the )'e8!r¥.
for the~lI1entioneá in 8Ubeection (1) of the said Section'
Co~_·dte Bank a promiuory note or notea sealed with .
the HeIId_~ fOC' the moIIiII)Ia ~ borrowed witil i!I t""t..f~
oth__).~.~ oot exceeding
thia >!'¥ for the pur-
/, 27 . Of) . of wbich .
2. ~"M.: .~ I: the tb(Iri. of thia'
!-towt<! In ~!t ." .'. I~)w Laq~ .. " '. .
m the said SectIon 34Tšhalr, WIth mteresttfiereon. 'be a charge'upon
" ~ of the, ~~ for the ~nt year and for all
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at well as aII~.'"
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EN
foregoing is a true copy a
~ . ncil of the said Cor
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)i)r.;),t,,_,.. .~>:.¡!:~·i~~n.under our band. and øeal of the Corpor.tiO@~
"'~~.;:¡ day.oÇ "Cii..,Septe.ber 19 59 .
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