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HomeMy WebLinkAboutBRU 58 763 Prepayment of Taxes -~ --. ~; ~ " , . ~ . ~ 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 ~~-~-~-~----------~ . Clerk. --------------------- Reeve. .=~--------.-,~~;-.,;;~::' j I , , ; I I i ¡ j i I ¡ 1 ·4 1 i i ,d ¡ 1 i i ¡ '"' ,.µ " '.. "'~' ""~ " ->!f<~_ i "I iti