HomeMy WebLinkAboutBRU 58 763 Prepayment of Taxes
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CORPORATION OF THE TO\fNSHIP OF BR CE
BY_LAW NUMBER 763.
A BY-LAW to provide for the prepayment of taxes.
WHEREAS it is provided by the Assessment Act R.S.O.
Section 113, Subsection 4 that the Council of a Town
authorize the Treasurer or Collector to receive in a
account of the taxes for that year in advance of the
law forthe payment of any instalment and to allow a
payment:-
BE IT THEREFORE enacted and it is hereby enacted
Corporation of the Township of Bruce as follows:
1..The Treasurer may receive in the year 1958, pay nts on account of
the taxes in advance of the date due and he is here authorized to allow
a discount on such taxes at a rate of discount acco ing to the following
schedule, which"approximates as nearly as !Il8Y be the rate of six per cent
per annum for each period stated, notwithstanding t t such taxes ha~e not
been levied and that the Assessment Roll for the ye 1958, nor. the
Collector,' s Roll for the year 1958 had not been ado ted by the Council
when such advance payment is made. The said schedule of discount allowed
for the different lJeriods of payment shall be as fo 10..18:-
956 Chapter 24i
hip may by by- aw
y year payments on
date fixed by by-
is.count for such
by the Council of the
AMOUNT COST COST COST COST
JüLY ATJGUST SEPTEMBER OCT.
10.00 9;75 9.80 9.85 9.90
50;00 48;75 49.00 49 ~ 25 49.50
100.00 97.50 98.00 98.50 99.00
I
COST
NOVE~1BER.
9.95
49.75
99.50
The cos.t of a certificate for any other amounts tha
in the same lJroportions as the above cost nears to
certificate respectively, if the Council should her
prepayment certificates for amounts other than the
the above shall be
he amount of each
after decide to issue
bove amounts.
2. The Collector or Treasurer for the TONl1shin sha
postpaid to each ratepayer of the Township of Bruce
section 109 of the Assessment Act, a notice on whic
printed concise statement of the time and manner of
offdiscount to be allowed and at any time within fo
notice has first been given any ratepayer may take
law regarding prepament and discount allowed thereb .
1 deliver or mail
in accordance with
shall be written or
payment and the rste
rteen days after such
dvantage of this by-
3. Tax prepa~ent Certificates shall be sold durin
"August, September and October only in the year 1958
of any such certificates to the Collector on or bef
1958 taxes become due, the purchaser shall be allow
the face value of each such certificate so presente
leva,edagainst the ratepayer so presenting the cert
1958.
the months of July,
and on nresentation
re the dãte when the
d a credit equal to
, on account of taxes
ficate in the year
Read a First and Second time ana provisionally aaop ed, this 20th day of
~1ay, 1958.
Read a Third time and finally passed, stgned 8m'! se led this
1958.
day of
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. Clerk.
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Reeve.
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