HomeMy WebLinkAboutKIN 1905 492 Borrowing By-law
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BY-LA IV Nfl, 4 ? 'J.
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WHEREAS it is cxpedient to raise b)' way of loan the sum of C>~ ~vJ..~00\.
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\ ~It. ~ ~().. ~Q.lC\M required to meet the current expenditllre of the corporation of
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liE IT RESOLVED, therefore, and the Council of v..u.. 'O~ "&0........... ~ \(\M.~~
enact as foil Oil'S :_
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1st. That it shall and may be lawful for the C\.I\.A.~ OJ\.. and Treasurer of the
'It ~Q.>. -Cu","",^ ~ \\ "'^- c:.c::.u..~ ~ and they are hereby authorized and
empowered to borrow from 'GIJO OOmlJnuls ~nnk O~ Qnllnbn, at the Ollice of the said
Uank in the "li.u\,U",- of I.<"'-~the sum of l!>"^4. '-M...lll.U.o........O\.
Dollars
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for the purpose aforesaid.
~lId. That the said \\AA.Cu..\, ~ and Treasurer are hereby authorized anll
emPowered 011 behalf of 'W\L Qu"-'l'Q"~", ~ \Mt.. ~\)~ "'(1("-MA\.~to sign and
e>lecute, as representing sucb "dv.lnce, under the Corporate Seal of
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'111<1 delive, to tbe mana;:er of CiIJo !QmlJnllls !lnnk of €nllnbn, at \Mt. 'fc 4:1..... ~ \{6"M,e..cw..~
tbe promiss,,,y note, or notes, of the said ~Cl.A..\~ ",""",,-CA. "'('-I.ou.~
payable at the ollice of the s;lid lIank in l~...e:u...Ol.I.M.J. on the ~ ~c;..Jl' ...I...M.
d~y of Ql uu:.1l.J~ '9o\k , with interest thereon at the rate of ./,' per cent. per annum,
and also, to execute in like maline' renewals thereof, in whole or part, IIntil such advances are
fully repai.l.
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Done and passell ill Council at \<.\...u.Il.CUo.ot.v.t..(. this
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