HomeMy WebLinkAboutTWP 70 07 Increase Tax Interest
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BY"-U;W 70-7
Ot the Oorporation ot the Township
Being a 'by-law tol_orease the lnterest rate on rearsot
t8lUS to I pereentper month.
Wh,reas the CounoE. ot the Corporation ot the To ship ot
J~ncardine baa, in accordance with the provision ot Seotion
514 ot th&. RUniºipal Aot ( as Amended) , the au ority to
1:ncrease 1::\1e fntereet rats; on IIì1'rears ot tsces II the
âtatutory t ot 1 peroent per month to a rate not ~ed1ng
T percent per month.
'1'heretor the oounoil ot the Corporaltion
Iincardine enacts as tollows;
Tha~ &tte~tlve the tlrst day ot JUly 197~ the ~.erest
on &rr8.M'a ot tæœ8' in the T oWßship ot Klncardi e
shall 'be T percent per month or traotlon thereot
Read a tlrst and s800nd tlme this
~ D day 0 jprU, T97~
ø.ad a third tlme and tlnally passed thls ~
_ ot jprn, 1970
REEVE
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