Loading...
HomeMy WebLinkAboutBRU 56 733 Borrowing By-lawLI. 44ai IIu. 73 . ;1 y -tat; c:uthof ct u the borrowing of ( upo:t aobunttc^oo for the ptn pond of mil:12M a grant to the Nincardino Golorat Itonpital, proviniol In mac undor the I.unicipel Act tthoroby ntmtci?ulitinn nLej ruko grant° to Atblic Iloopituln; ;;;T' 17.1:1::_.3 It in Coniroa to ram a gran to the Eincardino General 3ioapital; .:ail i : . :� ; it is crpo iant to borrow for the Ins :000 aforooatc a nun not o :ccooding Five thounans4, ono Inndrod and nlxsoty -four Dolle..rn z21.1 t: ert' -flvo canto, C15 4, 35) upon the credit of the Corpor ;xt!en, : nd to inane Liotxxlturon thorofor which null not hair Sntoront; it In c: ,odiont to cnl :o tho principal of the onid debt t'oit able in aqual annual Snitalmento during the period of .'ivo (5) you:•n after the ante of inn,to of ouch debentures W1Dn t ::o unamt of tho whole rateable ;ma?erty of the umicipaiity, according to the last rovinod aoeenument roll thereof is :2,513,3.25; L V) t,T;t0 1-u1 the amount nt of tho oxintinj dobonturo clobt of the Corporation o::cluoivo of local inprovonont dobto noeured by npocial rated or araoancantn is Nil and no ;art of the principal or interact of ouch debt in in urroare; LILACT.1 A3 POLLOI S: 2-- :% IAI:IL.' 1 by order Qatod tho day of 19 , :ho Ontario Euniolp of Board has approved trio pD000 of tho oaid borrouing and the panning of all roquioito by -logo including nob ntu»o byelowo; i t i ?opd: tho Council of tho Corporation of The :ovnahip of fruoo 1. Por tltc purpose aforoaala tho Corporation shall borrow upon tho credit of tho Corporation a pun not osceeding Pivo thousand, ono hundred and ninety -four Dollard and thirty - fivo °onto ( 5, 1 9 4 .35) and rh0&1 lnauo Qobonturos thorofor in cum of not loon than (1,000,00 oaoh. 2. All the dobonturoe ohall boar the name date, shall be iocuod at °ago time and wit'tin fivo yearn after the day on which thin by -law in panned tray boar any dato within ouch fivo yoara and than be made poyablo in equal annual botalcxonto during tho porlocl of fivo yearn (5) next aftor the dato of loom thereof. 3. Trio Oobonturoo ohall be payablo in lawful ro,y of Canada and nay bo ntada pxlyablo at ouch place or Macon In Canada as ohall bo dooignatod thoreon. 4. The paid doba turoo shall bo coalod with tho Seal of the Corpomtiar ana nicnod by the hood of tho Council or by ooao other p orncm authorized by by -law to sign tho same and by the Treasurer. 5. Conmmo in in tho year 1956 and thereafter ! n oath year in which an inotaltant of principal of tho °aid debt b000noo Quo, tho Corporation nail levy and ra!no the paid sun. Such gun shall be lovioel ana raised by a opocial rato cuffioient thorofor over and above all other ratoa tncn all tho rateable proporty in titre ::trt3 oipxility. 6. Tho oaid dobonturoo nay contain a clause providing for tho rociotration thoroof purouant to Section 335 of the Eunloipal .trot. 7, l'cmding tho oalo of tho cold dobenturoo tho hood of the Council and tho Troaauror nay raise for tho purp000c aforooaid by way of loan at ouch debenture° my can or num of money not ex- uding 000ding in all tho aua horoby authorirod to bo borrowed and Tarry iiypotiooato ouch dobonturos for ouch loan. p, Tho Corporation 01a11 havo tho richt at Ito 'option to rodoon tho dob nturon oithor in idholo or in part an any dato prior to maturity at tho placoo ilhore and in tho moneys in which tho said dobonturoa oro oxPr0000d to he payable upon paynont of tho prinoipal sum thoroof and upon giving previous notioo of paid in- tention to rodoon by advortto2nc cnco in the Ontario °Grotto and ounce in a daily newspaper of general provincial circulation pub - liolcod in tho City of Toronto, and onoo in a local nowopapor, if anal, ouch notion to bo advortiaod as aforesaid at loact thirty dayo before tho Cato fi:cod for roc omption. fotioo of intention co to rodoom nha l aloo bo pont by pout at loaot thirty days prior to tho auto cot for ouch rodomptian to cash person in whose nano o debenture no to ho redwood is rogtotorod at tho addrocp ohcxm in tho Debenture flogintry Book. t,!horo only a portion of tiro dobonturos k:- .1...- `.41... -t , of thio Souuo to 00 to be rodoonod ouch portion shall oompriao only the dabonturap that havo tho latoot maturity Caton and no dobonturo of thin ioauo ohall bo called for ouch redocpttat in priority to any each dobonturo that has a later maturity date. J AD a first and p000nd timo this February, 195 -goal a ¶»1v4 tine :cad finally panned tibia Cay of any of tadde Cleric. • r ALL....:: Lat 01 ato oh If tho on hose co If t =r l • BEFOEE: years. ONTARIO THE ONTARIO MUNICIPAL BOARD IN THE MATTER OF Section 67 of "The Ontario Municipal Board Act" (R.S.0. 1950, C. 262), - and - III THE HATTER OF an application of the Corporation of the Town- ship of Bruce for authority to proceed with and raise 43,000.00 for the purpose of making a certain grant to the Kincardine General hospital. P.F.B. 5490 - 56 H.C.ROAANB ) Vice- Chairman ) Tuesday, the 10th day of - and - ) C.1.hUNN ) April, 1956. Member ) IT IS ORDERED, under and in pursuance of the legislation hereinbefore referred to, and of any and all other powers vested in the Board, that the said application be and the same is hereby approved, and that the Municipality may now proceed with the said undertaking, and for such purpose may pass all requisite by -laws, including by -laws providing for the issue of debentures repayable over a term not exceeding three GO C t, n.4.41 . - . - - - r . . - - Y. 7_7717 "...1:1”.”:!4"1 - ----- ,,;- : '. , . - • , ' . r: 4: %.! It l'all rthigii ..40 ri.f .