HomeMy WebLinkAboutBRU 57 752 Construct of tile
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By-Law- No. 14: of The Township of Bruce.
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A By-law to raise'$200,OOO.00 to aid in the co truction of tile
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stone or timber drains.
The Council of the Township of Bruce, pursuant 0 The Tile. Drainage
Act, enacts as follows:
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1. That the Reeve may from time to time, subJe t to the.provisionB
of this by-law, borrow on the credit of the Cor oration of the
Municipality such sum not exceeding in' the whol
may·. be' determined b! the Council, and may in erhereinafter
provided, issue debentures of the Corporation i such sums as the
Co~cilmaydeem proper for the amount so b6rro d, with' coupons
att~chéd as provided in section 4 of the,said Ac .
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~. That;su~ject to seétion 10 of the Tile Drat ge Act, when the
Council is of opinion that the application 9f an perSon to borrow
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money for the purpose ,of constructing a tile, st ne or t~mber drain
should be granted in whole or in part, the Council may, by resolution,
d1:rect the Reeve to issue debentures as aforesai
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SWlÌZ1òt exceeding the amount applied for, and mã.y lend the same to
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th..~ppllcant on the óompletion of the drainage
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3..A special annual rate shall be imposed, levie
_., above all other rates upon the land in respec
and collected over
of which the mODey
clpal and lnterest
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~,$.~9~I'owed, sufficient for the payment of the pI'
'!UI provià.edby the Act.
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