HomeMy WebLinkAboutKIN 1899 392
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A. 1J!'-LAJJ t.o proVide :runds ror grant.1ng ~ t.he e-...'t81'J!t. or..
$.4000.00 a boma by lIlIY or loan to Robert, Hunter and ,Ale:amder
Bwl!:ter ,0:1' the 'lawn or J[1DcarOine in t.he Count.y ot' Broce St.eel.
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I Bridge VlSnutBot.urera ami BullBers~ OarryiJ18 'on busineaa,:lJi ,t!Je.
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;1 aaidJ 'rown or K1noard>ine under (andJ in this by-law referrect.to. bY) ,.1
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~t.he nlm.e at.yleand rirm or ''Hunter Bros." ~ ~or the .purpose o~ ~. " !
Ii eriabl1Jtg them' to extend and increase their business ormama:ao- i
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!!-tUring and ereot.inc s~el. bridges and to iDcrease their Pl~t. ror
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ii such purposes~ and t.o aid them in their said ma.nutact.ur1mg euter-
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~ pr:lse in the SlUG ,'lrowri' or K1ncltrdine~ lmd, t.o authorize t.he issnB
~ 0:1' aebent.ure8 thereror. ,
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:1 wltl!itC!iAS t.he said Hunter BrQs. are nOil engaged in man1irao-
~ t.urillig st.eel bridges within t.he Mun1cipal1t.y and in ere~tirig .slDle
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il1n d1t't'erent. looali ties and t.hey are ovmers in t'ee 6t'~ and t.heir ,
!I said JllBl'lUfacturing business is .situate on Lot. number,.~ --.,"
il baing a subdivision Qr LC't. num~er~" "'"'- -- oD t.be '
IlllJOrt:.h side or Durham st.reet. in the said 'l'own or K1ncard1rleand
I are al so owners ot' a laree quantity or maeh1nery and plant., used
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II by them in t.heir said bUB,iness. and. have laid out. and expended
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i! large sums of money in the purchase or said Lot., tbe buildings
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~ thereon' and maehiri:ery and plant. t.herein~ and tl'ii,y have requelltedu
Ii the Jftmio1pal corporet.1on of: the sa.id '],>own or X1nea.rdine 1;0 aid
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II and! assist them in e::tenlllill1& and inereasing their said st.eel
~ bridge manufacturing and building indust.r,y and so as to enable
~ t.1iem to employ a greater number or meehan1cB and other worla1eJi' ,,'
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~ ,in t.hellaid business 'and' in increa.sins their maChinery and plant.,
II and other t'acil1 ties :ror earrying on the saiid' industry in the
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ii said 'lawn or ][1ncardine by grant.ing to t.hem by way 01" 'bonus a
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Ii loan of' tl1eaum of: $-<IDOO.oo, :ror a 'term 'or ten yee=rll tram the..
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First. day of January 1899 ~Ii t.hout interest., t.O be repaid by the~
'to tJie Corpora.t.ion in 'ten equal consecut.1ve annual in8talmerit.a~
or $400.00 ea.ch payable on the First. day or January' in each. or,
the t.en years nes:t. immediately Bucceeding the Firat day or
Ill.mct., t.he :f'irst
payment.a to be ma.deon
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covenants contained 10 such mortgages., that is to' s8f;- ror
II payment., t.i1.le, right. to corwey, quiet possessi~D on default., ,
I !'reedoD from enctDllbrarice, :further assurance, 'that DO act. to ,
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! encumber has been done. 1'or insurance to extent. or at least twol!:
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Ij claims subject. to proviso ror repayment.... a power of" sale on I
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II default. ror ~ months OD blU..SL mont.hs not.ice, trust.
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tlllnt.il default. mort.gagors to have quiet possession. also a , "'
II provision t.hat i1" default. be made iD payment. or any part. or the
~!I principal interest at :rive per cent. ahall be payable on all
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j arrears trom default. till payment., t.ha.t on dpfa.ult. or pa.yment. or
~ any iutalm,ent. or prin,ciPa:l or any P('lrt~OD 01' the, same' :ror
IT 'u'-'-"- . mont.lia the whole of' the principal secured by the
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'r:'8a1d mort.gage shall become due and paya.ble and that. on ~O~ i
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~ months default. of' any imstalment. or principal or any portiolll or , i' ~:
Ii 1:41e same the Corporation may exercise the power 01' sale without. '1' ,.
~ any not.iee, or may :f'rom time to t.ime dist.ra1n for any interest.'l
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!i that may be payable 0111 any principal in: arrear :tor a period or
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i! over si:::: mont.hs and a provision for allowing premat.ure payment.
ot:! 01' t.he mort.gage in event or salo. And the scid J:lortgage 1;.0
begi ven on the said mach1nery and plant. shall cont.a1n the tlsuai,.,t
rull covenants and condit.ions cont...1nAcli or generallY il'lSerted
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i the i'1rst. day of" January 1900, and whi ch. 1,oanshDll, be secureGb
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i1b:V firat mortga.ges (which shall be tree of dower and encumbrahces) ,;'~
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on the, said lands buildings machinery and other plAnt. or the said' '
mmter Bros. and also .on any addi t.ional ,or. other machinery or
plarit. Yfhich at any t.1me While the said mortgages remain ImSl.\t1B~
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placed in t.he said bulldings or on the said premil\es Dr which may'l
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ned' be purchased by them and brought. into the said businesB'or
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II De sullst.i t.uted :for or replace any of the machinery or plant. now.-
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[i in use by the said lfuriter :Bros, and Y(hich. said mortga.ge OD t.he
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~ said real estate and fixt.ures shall be prepared! or lIII.l.de in
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~ purauance o:f t.he Act. Respecting Short Forms of" Mortgages, and
. shall conta.in a bar of" dower (1:r Decesllar.,) and the usutll
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in a Bill o:f sale by vmy ,0:1' l{ortgage~ ana shall contain It
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proir1f1iol'l: 1'or inBuriug 1:.0 the l>>o.'tent. 01' 'two thirds the eaBh
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wlue 01' the IIIU4 plant. and machinery and .1'or renewal cmd assign-
:illOOnt. 01' the pol1ciell, and also a condition t.hat until all moneys
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iiipaya.ble lmQer or secured by the sl.tid chatt.el mortpgebe t'imlly
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IIJla1d and sa.tisfied the said machinery and plant. shall not. nor
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ii shall any .part 01' the smne be removed out. 01' the sa.id 'lown o-r .
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" 04 A1'ID WHE:REAS the Munj,cipa.l Corporat.iolll o1'the flaidr'loq-";- i
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01' Kincardine have rer.olved that for the promotion-at' madutbctureal
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:1li th1r:t the said Municipa.l1 t.y it. is advisa.ble arid expedient. thst
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d 'they have consented and a.greed (subject..too the approval ot'
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tjthe Legislat.ure ot'the Province ot' Ontario), 'to provide and 10m
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'too the sa.id Humter Bros on the'condit.ions mentioned in the
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reci tals f.Q th1s by-law the sa.id sum 01' $4000.00 by \'Rt,Y 01' bQ.:MtS Ii'.,
j 1'or the purpose 01' a.iding them in e:rt.ending and incree.sing their) llf
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ij said manufacturing business in the said Municipality., I
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AIm WHEREAS it. will be requisite 1:.0 raise by a special !
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,'ra.te Ilufticient there:l:'or on all the ratea.ble property in the sw.a ,.
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rMuniCipal1t.y in ea.ch ot' the years 1899, 1900, 1901, 1902, 1903,
ii 1904, 1906, 19045, 1907, and 1908 the sum 01' $505.51 1'or the
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Ii payment. of' the said 10M 01' $4000.00 and interest thereon.. .
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] the Munje1pality aceording to the la.st revised assessment. roll
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:, AND 1fHEREAS the existing debenture debt of this Mlmie1p-
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Ii al1t..Y amounts to the sum 01' $ 1 t.;o "1~'?~ and no principal or
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AND ,,~ the amount of the whole rateable propertQo-r
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lIE I'l!' 'l'HERK&'OllZ AND r.r IS !i.5l'(.lW~ me 'lD MijRIC~.&L
l CounCIL OF 'mE: CORPORA'l!'ION OF' ~ 'l'Olflt 0'1' JmCARDIHB IlNACTZD
, AS F'OLLO'fIS;-
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mA.T' it shell be lawfUl for the Mayor 01' the said, 'Yown
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or Kincardine and he is herl!lby authorized :for the purposes a.:tore-
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,lfl1d to borrow the smn or Pour ThoUSBnd dollars BIld to issue and
s1gn..t.he debenwxes or the said Municipal 'Corporat.1on too the said
a.m01illl!lllo or $4000..00 in sums or not. less than $100.00 each aDd
':whlch. shall be payable in the manner ror the _ounts BIld at the
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i[t.1mes hereinaf'ter more pa.rticularly mentioned Bnd the Clerk or
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ii'the sa.id Municipality is hereby authorized and inst.ruoted too
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Ii attach the Sea.l or the said Mun1eipe.lit.y 'to the said debent.ures..
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'l'HIil sa.id debentures shall ,have att8?hed too thelll coupons
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ror t.he payment. 01" interest at the rate of' four anI! one halt' per
centum per ~ vmlen coupons shall be signed by the M<<Yor and
Treasurer or the said Town BIld shall be IlIllde payable yearlY on
t.he Thirtieth day 01" December in ea.ch Met every year during the
:' continuance 01" the naid debent.ures.
"
. S.
THE sa.id debentures sha.ll bear date on the Ninth day or
January A.D.I899~
4. THE principa.l and interest on said debentures too be
issued under this by-law shall be payable wi'thin ten years trOD
the said time or their issue and both the sa.1d principal and
interest shall be payable at the Agency or brabch or '\:..he
Merchants Ba.nJe or Canada a.-t t.he said Town or Kincardine.
5.
'l!HE first one or such debentures shall be made payable
on the Thirtieth day ot December.A.D.1899. and one debenture
shall be made payable.n each successive year ~hereatter on eaCh
~irt.iet.h day or December till all of.' t.he said debent.ures MO .
the interest thereon arc paid (50 tJUlt 'the sUm t.o be raised ror
principal and in~ercst shall be as nearly as possible equal 'In
each. year) arid the said debent.ures shall be payable as :rollows.
t.hat 18 'to say;-
~ lNTElID3'l PRnICIPAL ANlWA1r AMOUIt'l
1899 180..00 :525.51 505..51
..
1900 165.35 MO. 16 505.51
1901 150.04 l555.-t7 505.51
1902 lM.M :571.47 . 505.51
190:5 117. l5."S ~.18 505.51
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taken on this by-law on Mondu.y the Second du.y of" January A.D.1899 I
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commencing at 'the hour of' nine 0' clock in the torenooD and 11 Ii;
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currelltcY of 'the Baid' debentures or a.ny of' them on t.he whole rate-
able propert.y in the flaid Mun1cipal1'ty by a specia.l rate (over
anGt above all other ra.tes) :for the paymen't ot the sa.id Sulll 01'
iFour Thousand dollars and t.he interest pa.yable thereoJli as in 'the
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:preceed1ng secMon of" this by-ID.n set. f"orth, the sum ot Five
;htmdred and :rive dollars and :fi:rt.y one cents.
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THIS by-ID.;r Bha1l twte effee't on the Y!fttJl. day 01'
January A. D. 1899.
'8.
THE votes 01' the Electors of" 'the Municip~lity shall be
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cont.1nuing until :t'ive o'clock in the a:rt.errioon of" the stlme'd~ iJ
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and at. the :t'ollowing places being the places at which the electio ' i i.
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01' the members or the Council of the Municipal1'ty Will be held,'
and the 1'ollowing named persons shall be respectively depu~-
ret.urning o:t'!1cers 'to take 'the said vote, namely ;-
St. Andrew! s ward at the Council Chamber in the TOiltl Ball; JoiIa
0..0........ -...,OL.O.>,. ca ow- '""" 4 ~ ' .
11 .'_ \l,...."",1l"Deput.y Returning' Officer.,
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31;.. Pa'trick's vmrd'.a.t +, fL." r;l1illt"p'p -"~J e~ J^'''''p'' lIb.,!. 1>...:.....
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Depu~y-Re~urn1ng Oft1cer.
St.. George's ward in "the of:t'ice adjoining (on the North side)
'aeorge Bisset-t's Brick Bloek on the West. side of Queen street.
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~~ ~ ~~~,\,Deput.y Returning or:r1cer.. .
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St.. John's ward at. .:tae ~arr11l69 ahop n-r """"""11 IN 3. Pieher
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,9. 011 !~onciIlY the Twent.y si::t.h day of' December A.D.1898 the'
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)fiI.3or of "the na.1d 'Fawn shall a.ttend at the Council Ohamber in the .
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,Town Jbll a"t twelve o'clock noon fOr the appoin"tment. 01' persona
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to att.em.d a.t t.he dU'ferent. polling places and a.t the 1'iEl SUlllllr1Dg
up of the vOtHS by the Clerk of the said Town, raspect.ively OD
.beha.l~ or the Jlfjrsons interes"ted in ann prcmoting or oPPOsing the
:P!Uising or the said' by-Ia.VI.
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THE Clerk of "the Council of "the said Town 01' KincarcUM
,': ;.;shall a.tt.eno on TueSday the Third day of" Ja.nuary A. D.1899 at. the
b01!lr of" twelve 0' clock noom. a.t the said Council Chamber 1m. the
<;f(''-
'l'o;m !h11 and sum up tl1e number 01' votes given for and, against
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