The URL can be used to link to this page

Home My WebLink AboutTWP 66 681 Debenture ~~ .~> , . THi: CORPORATION OF. THE TOWISIIP or DJlCARllIIE ¿&- ~ BY-LAW NO ''il A B,y-law to authorize ~issue of a Debentur in the principal amount of $ 320,000.00 for public school purposes ~ c:::.- ·fl ~- ,~' ... . WHEREAS The Public School Board of the Township School Area of IiaeaNhe has applied t the Councils having jurisdiction in the Township School Area of ~~. IiaClal'lliu to provide the sum of $ 32O,OOO.eo by the issue of Debent res for the public school purposes setout in Schedule "A" attached hereto and a majority 0 the Councils have approved o.f thesai.d application; AND WHEREAS for the purposes aforesaid the Coun il af The Corporation of the T_ahip or I:moardh. now deems it expedient tobørrow money by the issue and sale to The Ontario Education Capital Aid tJ0rporation of. a. Debenture of this Municipality in the principal ount of $ 320,000.00 bearing intel'est at the rate of 5Ì '1> per annum payable s i-annually, which is the amount of the debt intended to be created by this B,y-law. NCW THEREFORE the Council of The Corporation of the Towa8hip or iL:Doar4.iue enacts as follows 1. THAT far the purposes aforesaid money shall be borrowed n the credit of The Corporation of the T_8ldp er UaeaNhe by the issue ofa Debenture of the Corporation in the principal ount of $ 320,000.00 bearing interest at the rate of 5Ì '1> per annum payable sem -annually on the 1st day of oJs. and 1st day of De_bel- in ach year of the currency of the Debenture, upon the principal amount from time to time rem ining unpaid. . 2. THAT the said Debenture shall be dated the 1st day of ....er 1966 -e.nd shall be payable in 20 annual instalments of principal on the 1st day of De.....r in the yaars 19 '7 to 1986 . inclusive,., and the respective mounts of principal and interest payable in respect of such Debenture in the years 1967 shall be as set forth in Schedule "B" attached hereto. to 19 86 . inclusive, 3. THAT thè ,said payments of principal and interest shall, b payable in lawful money of Ca:nacla..by cheques sent through the post to the registe address of the registered owner of the Debenture and such cheques shall be payab e at par in the City of Toronto. 4. THAT the said Debenture shall be sealed with the Sea]. of the Corporation and .Shall be s.igned by the Head of the Council to sign the same. and by the Treasurer. or by some other perso authorized by B,y-law C-l .."""J ,;'~ . . " ,,;;.- .'.'þ.- !# ... '5. THAT all sums required to payoff the instalments of prin ipal of the Debenture and to pq interest thereon as set forth in the sixth column of Sc Kiule "B" attached .ereto shall be levied and raised in the years 1967 to 19 86 , i elusive, on all the rateable property of ratepayers who are assessed as supporters of ublic schools unier the jurisdiction or The Public School Board of the Township School Area of l:Doari1ne in accordance with the provisio s of The Public :;,~hools Act; and acoordingly in each of súch years there shall be levied a d ra~ed by a special rate sufficient therefor, over and above all other rates, upon all the rateable property in the Township of l:Doar4.iue assessed to public school supporters under the jurisdiction of the said Board t the same time and in the same manner as other rates, thè Township of ICm '. 'share of the principal and interest falling due in each such year nd such share shall . detemined in accordance with the provisions of The Public Scho 11 Act. 6. THAT the said Debenture be sold to The Ontario Education pital Aid Corporation. 7. THAT the said Debenture shall contain a clause providing or the registration thereof pursuant to section 323 of The Municipal Act. 8. THAT application shall be made to The Ontario Municipal srd for approval of this B.Y-law and for the certification of the Debenture to be issu thereunder pursuant to sections 58 to 60 of The Ontario Municipal Board Act. 9. THAT Schedules, "A" and ''E'' attached hereto, are hereby d lared to be and to fo1'lll part of this By-law. ENACTED this U day of ~ , 19" . .. ·f*4~r· . . . . . . ~... (Seal) A. . . eo . . . . ;;:t,.~ ....... ~...~. "J'" -..,. --~. ~ 'r ~:" ....\_\,>v~~ '-.". ~- '-- -- - - -- - "- ---.. -.. - -- - - - . .......... \.:¡... ~ - .... '". ,. _/ ..... - .' "" "'>" .~ C-2 ._"~,~ .-~"' 3~~",~_'''-''''''~' J. . . . . ~ . ~ . ;;'. '" , · 'i,.. 8 ~ . . :11 I .. ~ .. ,l)J! ~ 0 '" E-I .. ! 'Ø æ i II '" ~ II ~ .... 6 III 0 ¡ +> J ø. · .t' i 10š 8 I I }~M . § 8"8 .. M .... ~ ~ ~ '" loll ~ .. .. rs C>\ ~ '-9~ I ·I~; ~ i 01 .ß 'M ~ 01 ~ Po . It\ ....0 1 o21 "'" 'E .. 0 :i!~ ii i3 0 ... ~ '£ 01 +> ~ 8 f!:1 E-I Ji 1 - ~1 ~~ 1 m i I i )~ . . I · . s 1J : ~ I ,I) 1 "'~I i1 .... III'¡ II · t II it '"J.. .... · 0 1~i .. ~ ~J ! I ! AæC*DEF-:3 ,">1:~';_~ '·"jf¿_,-~O~Jß{[J:g:~~i.~~;i,.)Ær¡£¡i;~' ~ / . . / , THE CORPORATION OF TIlE mIISBIP OF 7DK :..-tl~ ~t.- .; -¡;~ BY-LAW NO. 65/ . ./' .. If .~ SCHEDULE "E" ~ 2 3 .4 5 6 PAIMENT DATE PAìMENTS ANNUAL AMOUNT NmfBER DUE PRINCIPAL INTEREST TAL lEVIED HEREUNDER 1 ¡_ 1, 1967 $ 8,_.00 $ 8,D.eo 2 De, ·...r 1, 1967 . .,....00 $,8OØ.eo 7,800.09 $ 26,600.00 . 3 Jue 1, 1,t68 8,552.50 8,5S~~ 4 De."Û'II' 1, 1968 18,000.00 8,552.50 ,552.50 r! ,105.00 5 oJ_ 1, 1,6, 8,r!7.50 8,r!7.50 6 DeJ ~}1' 1, 196' 10,000.00 8,%7'7.50 ,%7'7.50 26,555.00 7 ¡.... 1, 1978 8,002.50 8,002.50 8 Deo.-.r 1, 19'/0 U,øoo.oo 8,ÐØ2.50 9,002.50 r! ,905.00 , ¡.. 1, 1m 7,700.00 7,700.00 10 Be""r I, 1971 U,ooo.oo 7,700.00 8,7ÐO.00 26,400.00 U ¡.. 1, 1972 7,397.50 7,397.50 12 Be...nr 1, 1972 12,000.00 7,397.50 9,397.50 26,795.00 tt oJ.. 1, 1973 7,067.50 7,067.50 ..r-....r 1, 1973 13,8OO.GIO 7,067.50 28,067.50 'rf ,1.35.00 15 oJ.. 1, 1974 6,7lØ.ÐG 6,710.00 16 .......ber 1, 1974 13,000.00 6,710.00 9,710.00 26,420.00 17 Jwae 1, 1975 6,352.50 6,352.50 JJI IneR or 1. 1975 14,8OO.oø 6,'52. SO 20,352.50 20,7Ø5.oø 19 J-.1, 1976 5,'67.50 5,967.50 20 I.. . IU' 1. 1976 15.000.oø 5,967.50 20,967.50 26,935.00 21 .r.. 1, .., 5,555.00 5,555.00 22 II..-~.r 1, 1977 14,OCiIO.oo : 5,555.00 21,555.00 'rf,lJD.OO 23 ".. 1, 1978 5,U5.OO ~ 5,U5.oo 24 "'-'-81' 1, 1978 17,000.00, 5,U5.00 22,U5.00 'rf,:ðO .00 25 .1_ 1, 1979 4,647.50 4,647.50 26 »""""1Mr 1, 1979 17,OIiIO.eo - 4,647.50 21.647.50 . 26,295.00 r! .T1Bi.1,1980 4,180.00 4,l8O.oo 28 "'tüer 1, 1980 18,000.00 4,l8O.00 22,l8O.eo 26,360.00 29 oJ.... 1, 1911 3,Ólt5.oo 3,685.00 C I..-~ or 1, 1981 19,OOO.og..... 3.Ólt5.oo- 22,685.00 26,379.00 oJ.... 1, 1982 3,162.50 3,162.50 32 "'''FI}or 1, 1982 21,000.00 3,162.50 24..162.50 '2l,325.00 33 .1_ 1, 1'., 2,515.eo 2,585.00 34 .o."'or 1, 1983 22,000.00 2,585.00 24,585.00 '2l,179.oo 3S ".. 1, 1984 1,'80.00 1,980.00 36 IM-.Mr 1, 1_ 23 ,OIiIO.oo 1,980.00 24.,980.00 26,960.00 37 oJ_ 1, 1985 1,"7.50 1,347.50 38 De""or 1, 1985 24.,000.00 1,347.50 25,347.50 26, 695þoo 39 lae 1, 19.6 687. SO 68'7.50 40 "'-"or 1, 1986 . 25.000.00 687. SO 25,687.50 26,375.00 $ 320,000.00 . 215,545.00 $ 5.545.00 $ 535,545.00 . AæC*DEF..4 ;> .."......-.".,....."............ , I , -..,~,._-, '~. .~,,~~.._,~ ~. ~. ,1(', ~ ''''.;;;; ..~ _w P-1, .. ....,"~....;1'0. . --- - ~- -, - .. ,- .,~~;~:-},;;:.'~- ''-~ :;;;i~.~:f..;: .. .. . '--''<;,. :., ,I-J ~. :.~.. ';:"1;'t;,i...~~~ . , -:"~~~~ê,::_:C , ~';",~:;Þ:.::-, ,,: .. ,::(;,.:"". , , . ~ '.~" 'b"''' 'i" '-"",... .1~..\~,c~ ~ . ,-'"- "-"i~-,"._ ' -" i-'" '~~;::t:t;t:""kat . -<" - -. . "~ .f.~:,,;~ ·~.Mt". .,~" -~ 'éU,. ','-~ _ '.;0- ~. -,<' ... ~" . .. . .. ,7. j:' .. ~(p _i); ~~ ::qG,~: 'i' ,_ ,- -:_ _~ ::(i~: ~,*41S: ;,-~.; 'e; :"1 ._'_" ... _,'",-c'-.., ";>'>~~" "'~. r ,:.il~~~:~:> _:i'_~'. . ".~-i'?!rr,"-.. _>i' - JJ~6t'_ m.~f~:p.~Í' ;~~~~_.d to,- IItt':t.àe ÌlliÌlIif..:....t.,~·_...i .. ."'-7'1..:"...; . ' ;.. ' ~_>_ ~." ;'~;"!'i!"i" :. ..,~;'~~~:; ~~T' ~~ _~ 293 .)þñ .. :O::"--:':~'. ' -'\,.-. ·_··",-:-i¡,:';~-··:, ',;,,;.-·:i::c· "".<" ' ~,,"i' .. ~ ',. .. '~<::"; .:~;: ~g~~-: , -"''''';~~~: >~·t~¡-· "~\ ·3, ::';.-'~: . - -",i~S'~~~~0<; , -"~ '"'!.;" ,f,·,· -",,'-''',";.}f,-~.- ,--. ;~(:;¡¡: ~.; --.,. )~fj~~~:t·,c,., ~~:~<~. "_ ':: -.-' /""~~~~::: <;'< >.>- --..~,~:" -j"- . -~- ,"1-\;' '~'. ~,rr'-...~·. ._~~';'¡:'. .",,'..,..,;.;.. , ":., , .... ",-,"' , -;r." ,-:-i .' ~ -<~:' -. J ~-i:;;~<~ _ff~-)" .>:':';¡ :j ',' ._~,. . ,-- >;.;,,~-, -- .....,. ,,- .,. -- ;.-; ..I.'~ ..~ . . '""",,-.. . 11! ONTARIO THE ONTARIO MUNICIPAL BOARD TELEPHONE 365·1912 r Mr. C. A. Lemon, Secretary, Township of Kincardine, R. R. # 2, Kincardine, Ontario. Dear Sir: 145 QUEEN ST. WEST TORONTO PL.EASE QUOTE F"ILE NO. F 8472-65 ctober 26, 1966 Re: Ontario Education Capital Aid Program and Validation of B -law 66-6 1 The above by-law, passed on the )rd day of October, 1966, has been forwarded to this Board by the Depart ent of Municipal Affairs. Upon receipt of the Clerk's declaration, completed on or after the )rd day of November, 1966, the Board ill consider approv~ of the by-law pursuant to Section 58 of its a t. I am enclosing herewith invoice covering t e Board's fee for validation order. BAK/lk Yours truly, tifc R. Scott ACTING SECRETARY !' / "'/<'1 .fl.?' ,4.... ìj~ /." ; , r'~ Form 69 ~ PLEASE QU TE FILE NUMBER Telephone Number 365-1912 ONTARIO F THE ONTARIO MUNICIPAL BOARD 145 Queen Street West, Toronto 1, Ontario. Novem er 14, 1966 ~-~-_.-- Mr, C. N. Lemon, Treasurer, Township of Kincardine, R. R. # 2, Kindardine, Ontario. Dear Sir: . Re: Ontario Education Ca}ital Aid Program - Offer No. 219 Validation f B -law 66-6$1 I am enclosing herewith duplicate orig al order pursuant to section 5$ of The Ontario Muni ipal Board Act. Yours truly . BAK/lk Encl.l ... -- - , ""24S ONTARIO THE ONTARIO MUNICIPAL BOARD U TiŒ MAnu. OF S.ot1on ,8 0 A , - and .. IIi THE l.tATTER OF an appl1ut1 tI b7 n.. Corporation ot \he Towaeh pot 11noard1ae tor approval of By law 66-6111, p..... on the 3rd da7 of Oot.obel', 1966, pl'Ov1d1n¡; tor a 1.._ of liabentura. in t.he W\' ot .'20,000.00 tor public 80h 1 purpo... ----~ . J ß F 0 Ii 8 : .. anti .. ) ) ) ~ ) ) 'hureda, , the 10th day of Hov bel', 1966 w. SNUB, Q.e.. V1.ea-cbÚ!'man v. s. mLBURN, Møb.... . TO BO..uw OlìDERS, wader and in p auaOe of the le¡18- lat10a àerebb.tor. roferred to, and of an and all ot.ber power. ........d in tba hard, t.bat t.h. aaid B,..law 6.0681 be and the .... 1. hareby approved. . """..,,' . ~~ AC'1'I1IIG SECRETARY ENTERED O. B. No. ..'..mf)~, ................... ,..-- . Folio No. ,..L"....' 3£ Nav 1 G 1966 . .e~ Actln~ Sec,etary, Ontario M~'nlci~d B cd 1 .o~~.;:.~:,;~~~_ iI> ........... <t,' "','->-:- .-,<."" ~ .';..';"". "¡¡¡p,, -~:?;~-;:;~-""""'~,.,. ,~",-, ~.