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HomeMy WebLinkAboutBRU 57 715 borrowing by-lawI 0 MUNICIPAL CORPORATIONS — BORROWING BY -LAW /f / 11' iEREAS the Council of the Corporation of the , e*.✓- -c -V- of d J� 0• °o. (herein called "the Corporation ") deems it necessary to borrow the sum of $ 7 to meet, until the taxes are collected, the current expenditures of the Corporation for the year; / slider to 'AND \VHEREAS the total amount of the estimated revenues of the Corporation as set forth the "for in the estimates adopted t e. I teed for the year 19 , not including revenues derivable or derived from the sale Y reir ue r of assets, borrowings or issues of debcn urea or from a surplus including adopted; from the sale of assets is S / /D 000, . I g arrears of taxes and proceeds 11 not, to those of °" year. AND \VHEREAS the total amount heretofore authorized to be borrowed this year for the ur- poses mentioned in subsection (1) of Section 341 of the Municipal Act is $ p the Corporation has already borrowed a total of $ of which THEREFORE THE COUNCIL OF TIIE CORPORATION hereby enacts as follows: 1. The Head and Treasurer are hereby authorized on behalf of the Corporation to borrow from time to time by way of promissory note from TIIE ROYAL BANK OF CANA A (herein called "the Bank ") a sum or sums not exceeding in the aggregate hereunder — -- - — --- - - Dollars ($ 7d 0 a o. " to meet, until the taxes are collected, the current expenditures of the Corporation for the year, including the amounts required for the purposes mentioned in subsection (1) of the said Section 341, and poto give on behalf of the rate seal the Corporation ead and Treasurer promissory rer forth ne t moneys so borrowed with interest (which may be paid d in t ad ance or otherwise) at a rate not exceeding per ccntum per annum. 2. All or any sums borrowed pursuant to the authority of this By -law as well as all other sums borrowed in this year and any previous years from the Bank for any or all of the purposes mentioned in the said Section 341 shall, with interest thereon, be a charge upon the whole or any part or parts of the revenues of the Corporation for the current year and for all preceding years, as and when such revenues are received. 3. The Treasurer is hereby authorized and directed to apply in payment of all or any sums bor. rowed as aforesaid, together with interest thereon, all or any of the moneys hereafter collected or received, either on account of or realized in respect of the taxes levied for the current year and preceding years or from any other source, which may lawfully be applied for such purpose, 1-A PASSED this da • of c y eArfer -- - . ' The ue4d o r the —�' — Clerk We hereby certif • that the foregoing is a true copy of a by -law of the Corporation of the e�.+ i t. of in the P duly passed at a meeting of Ontario, dul g of the Council of the said Corporation duly held, and that the said By -law is in full force and effect. ' Given under our hands and seal of the Corporation this day of ,,04 -441 f9S ' f (Corporate Seal) (Corporate Seal) ONTARIO LE 475 (1 .31) Tire of the Corpormbn GI� i CIer1 308 1 ER. r , .ed Cost ty e- 9d t� 3 di SAO 17.4 ire era era C" Q-0 a-0 rd a ^".. • n"-- •■• --•••sRattax., mason•tratossamisserommanetne •••••••••••••••oranaitt-snalammear.Tr• in••••••••••••••,w_ . • -• 1 1 I 1 1 1 1 I 1 I Mr. G. C. Snowdon, R. R. #3, TIVERTON, Ontario. Dear Sir: NEN /cs Attch. ONTARIO DEPARTMENT OF HIGHWAYS Re: Supplementary By-Law, Attached please find forms for above as requested by Mr. C. Woods in telephone conversation on the 4th instant. The following may be noted: 1. Use actual amount requested when completing forms and submit in duplicate to me. 2. By -Law and programme should show amounts under "Construction" heading. 3, Submit a covering letter giving reasons for request. 4, for the understand extension to Bridge that by-law is to I inspected early in the year. 5. No assurance can be given that this supplementary By -Law will be approved. 6. Show location, type, etc. on Supporting Road Pro- gramme forms. OWEN SOUND Ontario, October 5th, 1955. Yours very truly, 308 /D. E .NEILANS ISTRICT MUNICIPAL ENGINEER 1 ! Mlleilr tlymmemwmn911 P:1701';',Lr' i" " - 13r.:1F,11t:leny L1 1' 1 PI a trft 11111;4[Sir 1".41"4""“1414" .:1“ 14r " • ' ',' • LZ ' t. • 1•Li :du; 413 — ,;• - • . , . - isoe „id 1•4211::.1.e.ia • • vet „ Aria_ 1 IN ACCOUNT O ITH 1 Rand,nd Ma14h1y, Payable at Par to Registrar of Deeds, G. Drucr. uaw11I tl ' REGISTRY OFFICE, CO. BRUCE, COUNTY OF BRUCE.