HomeMy WebLinkAboutKIN 1901 436 Borrowing By-law
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BY-L~IW No. J.\ ~\o
WHEREAS it is expedient to raise by way of loan the sum of ~\,....o lUA"'u.....l:lo.AAc:,I.,
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required to meet the current expenditure of the corporation or
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\IE IT RESOLVED, therefore, and the Council of ,,"'",..... '"$"...",,,,, L,,\ '"S\......,(U,.~
[ enact as follows :-
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I st, That it shall al1llmay be lawful for the !V.I\. <:l-L\ u""- and Treasllrer or the
t.OLA.o... -So '-..OS "" "I. \(\.AA,,- Cl..",c.l.>.AA..Jl and they arc hereby authorize'll and
empowered to borrow from UI16 (nmlJllIIls ~nllk of Gnllnhn, at the Office of the said
Halik in the "f..........."" of \,~...""'c4........thesulll of '"tLu<.> "'^....,,'-'--'o~<>'-..
Dollars
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for the purpose aforesaid.
2nd, That the said \LlV\ ~ 0 ~ and Treas~rer arc hereby authorized and
empowered on behalf of 'l^"-<.. ~ Cu.. ..... e..o l..\s>o l..<:o.. \ ""'v.. to sign and
execute, as representing such advance, under the Corpor;lle Seal of ~ Qc.o..<:-.t. 'l:Cl~'V\.
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and deliver to the mana!;er of Cillf oorr11lnll15 :IJnllk of linllnhn, at ~\ ...........<!..<>u..Cj.. , ,~
the promissory note, or notes, of the said ~C:u..,\) "- Ou.'\.CI>. ~'\.Jl..o.". ~
payable at the office of lhe said \lank in 'S~",,^oa......~ on the -!. ~
day of (J,. u.:.1lo '"^- "0', with interest thereon at the rate of Q' per cent. per annum,
and also, to e"ecute in like 1ll:l1lner renewals thereof, in whole or part, until such advances arc
fully repaid,
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Done and passed in Council at "t< '--'-" ~ ........~ this
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day 01
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af L1lf llI[J:UZR...1t :.I Y
By La. n,Hoer Cour nunJrei lni tnlrty 1>","',-,\ oC t:H fOln o!
Klnclrilne In tne ~aJnty oC 3rJOe,lni ?rovlnce of Ont!rlo.Cor tne
purpOle of nll1n~ the several ~lloes It .alo~ tne ~olls .111 oe
open In tn3 ~unlolpallty or tBe slli fo.n oC ~lnolrilne,ln case
), poll ls rO~JlrelCor the eleotlon or a ~lyor ini six Counolllors
Sohool Trustaol.,ani 'at~r lni II,bt Co~nlssloner.,Cor tne lali
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,,}'1o.,n oll i{lnoujlneCor toe yur one tnoJuni nine hunJred lni hOt
and also to a~~olnt tne saveral De~Jty R'turnln~ oCtlcara.to
~reslje ~t the several poll1n~ ~laoel as aCoresl1d.
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