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HomeMy WebLinkAboutTIV 1947-411 Borrowing By-law . ,. '. ~.: f: .. ::1 - f;j . :L .. ~.~ - ~ ',' .f~;;~~ ~:,t!' i:1 II 1!1 .'''_i'' '1 , 'j,' ;'1 1 i:l j': ;i , I, .~ ()b)~ b 1\1 ~v~ .-...... . ...l . ~. : CCIllOJlA'tlOll or 'tIIB VILLIlAI ~ '1'~. Dr . LAB 1(0. ,r,t / / \ , A B7-Lo1r autbol'lIJ.Ds tbe bonow1ft8 of PJOO.oo 1l>>CIl Ubentune ttM \be JVJOM Of .. 1Da~'~"UClll of l1aJaU OIl tbo 8,"'" of \be Vt\1age of ~lft1~. lDf'lId!.A,8 I' 11 ~., ~o 1lO1'J'OW tu the JIUI'JIOGt , ,. of - 1Datan.UOIl of Ush'. OIl tile D"..... of \be V~\t. of '1'1""" . .. DO' ....o4.lft8 WI mW&lARD, m11- ID/III...k1\ DOT.T.AD' (tlJOO.OO) UpoD tbt 0ft4l, tit ... Ool'POfttJoD. to 1'" U_~ tbuetQ bear1D8 1D...t Il\ \bo l'Il.te or tint ()1.) pel' -- >>V -.,. Jllab1e ""'I.'"," IDl\ to tzO'f1Ge _ Wae 411~' - tU ~... 1Do14eD~ w nesoUIlUCIIl IDA I81AI at aaoh _boDtunal AD ~lU~ l' 18 ~OA' W ..a b l'C1IloIJ;181 ot \hi IId.I "'" ~1t 111 AII""11lnot"'MM!b 4v1IIs _ PU,"lol of '1'a (10) jean Deft aftco \be elate of 1... of -.aob 4I1ItIl~_~, of IUOh ~T1Ift" ftl1*lUft~ ~\, "1~ b lnt..... 1D IDQIOt ot -- GMt, .. aQIN6a" .-mt serab1e _ p1Dolllll ... lAt- . ..... sa .. ,.. aha" be u M6l'1T .. poadbl1 tM __I .... 310' " tbI ."-tar PlVt1IO .., ouh 1nne1MD\ of pftaol1l11 i be ". - .. 1100,00 CII" aalUJ1,. ~IGt. -. ., anrl" SDc U7WJI8 boIo1n OOD"tMCl. tho u'!I'd 1DlRa1raente of pSu1p a4 ini.., ,., 41tt~ III --..mt eJtlo1an::a., toac1l:s1t --btNotl AID 1IRII'n"'\I tbe 1DOIUl' of tile .~ ft*,~ ~ or . JlII'llletp\u". ~~~ \0 t!lo 1aot rwlM4 t.WlNlIlt IOU UU 1. .87,090.00 IJJD \'f1~1Jl \bea11 CoJ'pOaUOQ of tbe V111. Of n"~ baa DO Mblm11ml 48bt. , . Arm ~lxu~ b~ A peilt10n 4ate4 'be.LJue4 ilQ1 at /Jt.y, /?'f~. about ~ of t.be ra~ ot tM ea14 VI". . p.('1 '1cme4 \be OOUDOU of ~ ad4 OOl'JllOl'CLtlGll to un4el"tclJco \!Ie wom. '\ I I \ , .. , " ~\t. dlIII lalkft .to . or tint rile _ IlI1 IDA~' lJ;l81 ot \be tII&"lol of I 11ItD~_~. I LD IDQIOt \ , do ... 1At- , --I .... pftaol1l11., . anrl~ .j of pSu1Jd " ~t "UNata ~or_. I IOU uenot' I iO Of Unl'tola ' 'I:; . -:1 ' clQJot 'In. l"tclJco \!Ie . ,a,~, .'. ., . . I AIm UlIIWWl bJ ozil1el' 4r.t.'" t!Ie Gq ot . . l' . tbo OD'ulo wnlO1>>A1 8OU'd bU llJ~ '\hI llU>>O- ot tM 8614 bonow1llllD4 \III pit"'. ot aU "qulll '- b1-lIn. 1D01U41DI _blDtuft b1-lDnl 'l\,..nC81 tM OOtmoU ot _ OolPOftUc:a. of * VI""se of riTtnoD, cmaou u toUoWlU I, ,,,.. _ ~>>O" atOlO/IIl14 tile OOIDOftUClIl ot 1M nt,. , of '111'UtaD ehA1\ llOnGw UpGD the ONU Of _ ~'1aa . .. 110\ '"""'''8 om: 'lBDUUIID. 1fIRI11lJ111mtm> D01.U'i1 ('IJOO.OO) , aD4 ~.n i.... 4tbeD\Un8 '\btIet. 1ft .. of not 1.. ~ "O.oQ IlItb. Iao1a 4e_~ ~'\ big lDuz_ at _ It." Oft 'IbJM Pea'''' (J1.) >>U --. IlIIU1I -"" -' ~\ ... ClOlIllCU I a~-~ ...... to>> tbI JlQJlltIl' or .. 1D-.at. I. AU .. 4Il>>eDtuzq FA" bIu Uae ... dAte. .M'l ... U..... ., aM 'SIIlIID4 wl~ .. JeutI Gftv toM 4q ....... ~I ~ 11 Plllil11. ., beg ., Gate w1WD ... .. ,..,. .. .hA" be.. ~le 1ft GMWJ1 ~. 4ulo1Ds .. peft04 of fa rwue DII\ Iftv _ Gaw or 1_ ~. alL the ItIlJOOU IrIOUDte of priDo1pl1 &114 SIa'uoP N8b1e SIa IG01\ of INOb J8QI .,.." 'be .. 1IIlOUIl" eo Ga.trHl11Jl aoMl1u1I -". Ml'tW ..m U ... . ~ J. 1M 4ebID"~1II "n be ~ .. w botJl pr1Dolpllll4 Sa""" lD 1aWIu1 aoMI of 0,,"4& IlD4 ., be a4e plJl.bl' .t INoIa J'~~ _ ""1" I.1l o.,~, .. IIY" be .'8""_ ~ .. !be IId4 OIebIfttuH ~\ be In:w\ wi'h UW eOGl of the CoI'poaUCIl.o. .,~ "'taw JIea4 of.. OOu"fn,. 01''' .. ou. ~'IOG autb0dM4 b11lJ'oo11a1r to I1aIl the .... - br .. ftoeaIlUI'a. 'lb8 aall1ntuen 0GQ1lQU pan be .,~ _ tbI'1'NIII .. aDl h1e e1aDatuze \bUeoD r!Af be wri'.. e__. u~ - ....... ,. OlUUllOmo ill Uae JOOZ I~ -.4 tboreatttl" III oub rea In wh10h en lDeM1meD~ ot ~lpll ot the 111114 Gab' ftDf. s.n...." beoGI:Ie W. \be COl'J)01'aUon p" 18tr _ 1'81... tho apooltlo - Ibo1ID t01" the ;rGepGOuvo roar In tho tourtb ooltal of tho oa14 8oht4\l1e. Iuoh IIUI:l I""" bet leY1'" Gn4 r't\l0l4 b1 a epoola1 l'8\e ~ole' tbentoZ'. ~ CD4 llbote aU othu mtee. up aU UIe nuable pJ'OllCl"F ill the UJn101pa1lV, .. .' , . ' ..,.. . 6. The sa11\ 4ebent\U'81 IIl8f oonta1l1 a o1aWII p1'01'141DS toz the resletX'Clt1on theoot pI1Z'IIIUlD' \0 .eotion ", ot tbo u.un101~ Ao'. .;. - ~ j (. ~~ ~ 1. pen41ns tho sell of tho DCl11\ 4ebeJ1\uI'tI. tbe heal ot . the Oounoll and tho 'r~oe.IUI'tr _ :ai81 tor tbe purpo811 &tore- 8011\ br n:t ot loan on euoh 4ebentuJ:t1 aDl BUm or IJUJlIlI ot ..... not aoee41D8 1n aU the BUm ureb7 au~l'1..l to be boftftll - IIl8f l1J1IOtheoat. lIUOh 4ebentUJeI tor such loC. 8. The oorporation abaU have the r16h'. at it. option. to redeom the Bdd debentul'M either 1D whole ~ SA pan em e:q Gate pl'101' to maturl'" at tho plaoe. whe:e and 1D the IlIOD8J'lIlIl , -.blah the 08.14 debentures aJ:O upreBeed \0 be pqcibll. upcm pq. !:lent ot the pl'1no1pa1 QtlOunt thereot toeothe~ wlth interest aoOJ to the Gate ot redemption and upon slv1D8 pnvl0U8 noUO' of ~ 1&14. intention to re4o_ b1 a4verUI1D8 once In ~ ontarto Gall and onoe in a ,alii", nnlP&P8l' of seneral p1'Ov1nola1 oltoU1aUOIlI pllbl1BhOl11D CI 01'" of 'J.'01'OIl\o. mO. onoe 1D a 10081 n"'~1 IIII10h noU08 to be alvertlsel 0.8 aforeoa1d At lou' th1ZV o.aq. betare the Gate t1xeG. tor redemption. NoUoe ot 1ntentlon eo to red.. e)\A" alee be Bent b1 POI' At lout thlrtJ' 4a)'t p:101' to the Gate Bot tor auoh redemp to oo.oh peretm 1& who81 DaIlII &' 4ebentl11'e DO to be "deemt4 i. l'881atOl"td at '\hI a4drese ehoIn 1n the hbent\ae ResllSV, BoOk. Where ~ a portlem of the 4obenture. of thi. 1... lIS eo \0 11 rodellUl\, 8I1oh pol'non Dll~\ oomprJ.1O CD1t the l'Wbimtuel that the late.' l!l&tu1'1'7 datee anA DO 4obentmoe of W. blUe ,)oA'] oalled tor BUoh re4empUon. 1D pr10rl ty to anJ suoh 4obontuZ'O 1 haa III l8.tOl' maturity date. ~ - - Roo4 a tuet and Beaond tllllo thi. ~.... .1?41. /;)'74 4q ot $t2M~~ ilerIe dcr ~ ~~ c1irk . nl41DS M I u.un101pa1 e heal of .. afore- I ot ..... IOft..4- ~. opuon. an em e:q IlIODI7lI ill , . upcm JJ<<T- tereBt aool'lld UOI of ~ ntarto Ga.I'" ltoU1aUOll. . D"'~. L1l'tT o.aq. I aen' b1 suoh re4empUOIl Leeme4 11 LIV, BoOk. 11 eo to be tue. ~, baft BIU' .)oA'] be Ilobon\ure Cat 4q ot ~ ~ .' .. . . -4- Red. a th1I6 t1M IIb4 tJ.na'l.t punA. 'hi. d' zz( dq of ~. 1747. I: I ~~~~ \ i aonawu -A. to n.r-x. no. of tile 001'PQraUoa of tbe """P of 11.___ RO. rr.lJaol>>4 111"118' To~ OoupoDll 1 11'..-0 ".00 ~40 ,.40 a I.J6.80 ".60 lJI.40 ,.10 . J 11O.Jl ,a.o, lJI..-o ,.61 4 IIJ.tt 18~ ua.. J.7' , 111-6, 14.77 151.40 ,.8, 6 Ul.46 ao.,. , . ~40 ,.", 1 1".40 17.00 1,a.40 4.06 8 U,.., 1I." UR.., 4.,a .. f 14J.6, e." 1,..40 4.J1 . . . . . -" _I 10 147." ...... Uli40 ...... . ~ . I .< ," , ' The Corporation ot the VlllaRe ot TiTerton. Sohedule "I" - By-law IJ 411. 11300.00 tor the Tel1ll ot Ien Year. 0 ~ Interellt Rate. No. Pr1no1\l81 Interest Hate Intllrut Total Annual PaYlll8Dt - 1 1130.00 ~ 139.00 1 169.00 .J!.t/~'/fI'I 2 130.00 311.10 1611.10 .. I ,. ~-j 3 130~00 31.20 16l.20 .. / F~., 4 130.00 27.30 1117.30 " ) i;j--? II 130.00 23.40 1113.40., Ii :l.g 6 130.00 19.1lCl 149.110 · r"'~"J( 7 130.00 15.60 1411.60 . I ,.~'S. B 130.00 11.70 141.70'" /f~r. \ , 9 130.00 7.60 137.60 . IFYI' 10 130.00 3.90 133.90 . I~;'" 11300.00 1 2U.llCl 11 , 1114.llCl 111IIIIIIII nual PaYlll8n t 00 .J!.t/~'/fI'IP 10 .. I,.~-(/ -,..-. ,"",' -'.' ,-'-. ..... ,"' " ., ;," ~ r . . -' ' -... - .... .-....... ..' - ....;;... ... :.~j--'. . ;;l t-l 0 ~ ~ 0 ~ ~ I'l H :i ~ ~ i . g e , ... , , , , , ) ; ! j c r 20 .. / F~.I ~ 30 " ) i;j--? ,4.0., li~'g ~ ,1l0 · r"'~"J( ~ 0 " ,60. I ,.~'S. ~ .70 'II If ~r. ~ .80 . IFYI' ,90 . I~;'" .50 . // j ,t ~ \ "\ , i / <", . , '.' ',' ~,~,.~. ~!flJ p.l1.B-68S7 ONTARIO THELQ.NJABJO lo\.U!!!CIPAI. 1I0ARD Tuesday, ~ 'l'WOJ.11ih da1 01' August, A.D. 1947. B E FOR El H. 3. Colt~~,__E8q., K.O., CRI\Il1UAN . IN 'mE UA.'l'Em 01' Seotion 70 01' "Tho ontario InmiOi2al Boe.rd Act" (n.o.o. 1937, chapter 60), (as re.-..oted by o.a. 1940, ohapter 66)" and IN THE llA.'l'l'En ot sootion )0;. subeootion (15) (4) 01' "'l'he MUnioipal Aot" (n.s.o. 1937, Ohapter 266), ID!l ) n~ TIlE J.li\'l.""ZZR of the e,ppl1oat1on ) at the Corporat1on 01' the VUlago ) 01' 'llvorton tor ~1)roval ot the ) un4'r~ 01" a oapltal ex;pond- ) It\u'o ot 11,300.00 tor the plU"PO.80 01' 1Ihe Snstallatlon ot llBhta em the streets 01' 1iho VUlas8 01' Tlverton. en4 D1 'l'1m MA.T'l'ER 01' the said corp- orat1on'1I proposed By-law Humber 411. w. P. Ncar, Eoq., B.A.sc., VICE-CHAIIlUAll. and w. J. YOoro"Eaq., O.L.S., UEtmER. llPON 'mE APPLICATION 01' the lI&1d Corporat1ol:l and upon ccma1doration ot the material tUed, 'J.'Im BOARD ORDERS. undor and Sn pursuanoo 01' the prov1nions ot section 70 ot "The ontario Kun101pal Board Aot" (R.S.O. 1937, ebaptor 6~. Cu l'e-snaoted by O.S. 19/.6. Chapter 66). that the undortek1ftg by the oorporation 01' the V1l1aee 01' Tlverton 01' a capital u;pondlturo ot $1,300.00 tor the purpose ot tho instillation ot l1ghts on the streeta ot the V1lJ.age of 'r1vorton. be and the ume 18 hereby approved, and that the Gald K\m101p~t111181 now exero1ne Ita powers to prooeed with the add undertak:1116 and. ma:s authorize or provide moneys therefor to tho extent provided tor by or oonsequent upon thiB approval, and tOr! such purposes may pass all requ1s1te by-lo.ua, inCluding debenture by-laws, provided howowr. that the tom tor ropQ3Illflnt ot the dcbenturoo wll1ch may bo issued hero- under shall not exoeed. ton yenr8. 70 1 ted ) and 305, 1'he 937. l1oat1on It VUlage ot the expend- he ion ot 1iho c1 corp- 'fl nt1ol:l ~oo dolpal ,ed , the Ll IgO of that to ~e tor :; lL tor Elro- ..1--.... ~ 0, I 11 p.F.n-68'7 ONTARIO THE ONTARI~IC:IPAL 1l0ARD AND IT IS 11l'.lU!iljf lrURTImR ORDERED that the 4ebenturoo oontem,plated herebf ebal1 llo isoued and sOld, ~oa otherwise d1reoted by the Board. DOt later than ODO and one-bG1t 1eU8 trom the data ot th18 Order. , i I I ," .AlID THE DOAHD o.1DERS, 1m4er and in pursu- anoe ot 1;118 provisions ot seotion 305, SUbHot1on (15) (d) ot "The uun101pe1 ACt" (ll.s.0. 1911. Chapter 266), that the Notioe ot the OOWlOU'S intention to red.. all or &Ul;1 portion or tho dobClturoa u prov14e4 in the add propOsed By-law N\JID,hA'I' 411. be IDA the lS8.1Il8 is he%'ob1 e;pp1'OV'e4. ~ ' , 1 I , I ' " , I'; . ;-. ~..- ii .. i' , ' , ' i l: 'I ~! !. : , ' \" '1 :i ,r !" , J I 1,\ ! -- P.~' n-< 57 ". .. - '.<0- J., U: ,. f;. ~ , 'I';' , . J;:-, ll.1," ~ . ~; 1 :".,':1., , ,,' I ~' , _ .~ l,; , , :1t:; 'P_',l! ; ~:: i I ~J ~I!J ONTAnlO THE ONTARIO MUNICIPAL BOARD Friday, tho Tl'101tth day or septCll\ber, A.D., 1947. BEPOllE: m TIll UATrER OJ!' :Jeotion 407, subsootion (2) 01' "Tho uunio- ipal Aoto, (R.S.O. 1937, Chapter 266), and , n. ~. Coltor, E9~., K.C., CIIAIllMtJf, nr TItE w..T'l'ER Oll' tho appl1oll- tlon or tIle Corporation or tho VIllaBo 01' TIvorton tor :nroV81 01' Ita By-law Uumbor (~l,300.00 tor the install- atIon of 11dlts on tho streots 01' the VUloao 01' Tlverton). w. >>. no~. R~~.. n.4.~n.. VICE-ClL',IlU,:''1U, and W. J. Moore, Eaq., a.L.S., M!!2IDER. upon TIm A:'l'LICATIOU 0'1 the odd Corporat.ion and upon reacll.ni:; a copy or tho oald By-law lUld the othor moterial 1'11od, ~., !:. . -; ;:.. .' THE BOAHD ORDEllS, WldOl' and in purouanco 01' tho provislono or Seotion 407, subseotion (2) 01' "'rho z.runlo1!,)nl .\at" (R.U.O. 193'/, Chapter 266) that tho oald By-la\'111u::Joor 4U intltuled: "COrIJ01'o.t1on 01' tho V1lJ.o.t.;o 01' Tlvorton By-law Iro. I~ A Dy-low authorlzina the borrow.l.ng 01' $1,300.00 upon debentures 1'ortho 1)\U'pOlJO of tho installation of 11ehts on tho streots Of tho Villn{~o 01' Tlvortoa" be and the samo Ie hereby approved. . ~on 407 I I llUn1o- " Lpp1101l- In of m tor r Uumbor I 1natall- I streets lrton) . :operat.1on It'l othor tlUlCO ot lD.t tho ~ tho ihorlzlna LO Iota of rt / ~