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Home My WebLink AboutTIV 1956-473 Setting Tax Rates . , , , !, p" i .I, L , '~ ~ "!". . " ,'I ); - "' ,:,- " . t~- - !. .;.~- E. , r:; " \{(. Ob~O\e.; ~ ~+~c "'.~ ~,' ~ ,J? ~ .,;...'1./ ", ;J/" --C, J . f rf 'i}:,~' .::"~'. . "'.<(.J . , ' ''? ~. . -:. . .', 'I~ \':. " , r", Aid . . ~ . ,;(). i ' '~~.' '. ., . -,' ..,.,~1. ..' . ___, ~. I ,.. , :Y "'0' ~'. '.7,Q.' o. r "A:::;-",%~~ , d ~C /f',K1, ~~ ':~)' .~' n t- ~soP o ~ ~$1 cp- ~ " THE COIll'OnATIOli OJ' THE 'fj11a..fL OF 77'verfoll BY-LAW HO. 1/71 A BY-law authorizing tho borrowing ot Mc.l Ii. dCJ>sul ~ (e ~ a.O<Jl -- ) upon debentures for the purpose of making a grant to fl1e Kinoardine General Hospital. \~EREAS provision io made under ~he Munio1pal Aot Whereby municipalities may make grants to Publio Hospitals ; 11'ID WREREAS it 1s desired to make a grant to the Kinoardine General Hospital ; " Al'ID WlIEREAS it is eXlledient to borrow tor the purpose aforesaid a sum not exoeeding (..:to 0 0 ~ ) upon tho oredit of the Co~orationt and to issue debentures therefor which shall not bear interest ; AnD \VUEREAS it is expedient to make the prinoipal of the said tebt repayable in equal annual lnstalments luring the period of ~r (1) years after the date of issue of such debentures ADD VarEREAS the amount of the whole rateable property ot the munioipali ty, aocoed1ng to thereot is . 1'1? ..7"~ I;;! the last revised assessment roll . , AlID WREJl.EAS the amount of the existing debenture debt ot . the co~poration exoluaive of looal improvement debts secured by OC speoialrates or assessments is $ ;J2 :/'00 - and no part of the principsl or interest of suoh debt is in arrears ; day ot AND VdlEREAS by Order doted the 19 ,The Ontario !4unicipal Board haa approved the purpose of the said borrowing and the passing ot all requisite by-laws inoluding debenture by-laws ; THEREFORE the counoil of the Corporation ot tit.. y; I/ti p<- of 7/ve,..ldn ElIAcTS AS FOLLOWS : 1.. For tho purpose aroresaid the Corporation shall borrow upon the oredit or the Corporation a sum not exoeoding ..,-;;. d rtt1 AJ,.s (/UI d ($ ;t() ell 0 ~ ) and shall issue debentures therefor in aums of not less than ~.OO ~o 0 , () ,) eaoh. 2. A1l the debentures shall bear the same date, shall be issued at one time and wi thin 10 '" r years after the day this by-law 1s passed may bear any date within suoh ..po u.1- on WhiO~ years and shall be made payable in equal annual 1natslments during the period of ~IU" ;years (Jf ) next arter the date or issue thereat. 3. The debentures shall be payable 1n lawful money of Canada and may be made payable at suoh plaoe or plaoes in Canada as shall be designated thereon. , i : 4. The said debentures shall ba scalod with the Seal ot I 'I the Corporation and signed by the head or the Counoil or by some other person authorized by by-law to sign the s8l!le and by the 'I' Treasurer. 5. Commenoing 1n the yoar 1957 and thereafter in eaoh year I i I , . " J - 3 - in which an instalment of prinoipal of the said debt becomes due, the corporation s~l levy and raise the said sum. Suoh sum shall be levied and raised by a speoial rate sufficient therefor over and above all other rates upon all the rateable property 1n the municipality. 6. The said debentures may contain a olause providing for the registration thereot pursuant to Seotion 335 of The !4unioipal Aot. 7. Pending the sale of the said debentures the head of the Counoil and the Treasurer may raise for the purposes aforesaid by way of loan on suoh debentures any sum or sums ot money not ex- oeeding in all the sum hereby authorized to be borrowed and may hypotheoate suoh debentures for suoh loan. !" f i' L r [' , c.. Ll [: r ! , .~.i j i I I 8. The Corporation shall have the right at its option to redeem the said debentures either in whole or in part on any date prior to maturity at the plaoes where and in the moneys in whioh the said debentures are expressed to be payable upon payment of the prinoipal sum thereof and upon giving previous notioe of said in- tention to redeem by advertising onoe in The Ontario Gazette and once in a daily newspaper o~ goneral provinoial oirculation pub- lished in the City of Toronto, and onoe in a looal newspaper, it any, suoh notice to be advertised as aforesaid at least thirty days before the dote fixed for redemption. !o~ioe of intention so as redeem shall also be sent by post at least thirty days prior to the date set for suoh redemption to eaoh person in whose naffiC a debenture so to be redeemed is registered at the address shown in the Debenture Registry Book. >>here only a portion of the deboutures of this issue is so to be redeemed suoh portion shall oompr1se only the debentures that have the latest maturity dates and no debenture of this issue shall be oalled for suoh re- demption in priority to any suoh debentare that has a later maturity date. ~ ',; I f:~' toOl' ""~ \1' . .'1'.' ; ;-;~{ F ~. .i"f!" '1' ""[ ~ . lot . '-" e' '.. "T. . .: .2'_"';; ~ ~.:.t::f~ :,:U; , '. liftl'llri .. n]~. ~tl i" ,f; I ~- .... .- iT!, ~.jf ~ H~\lt.f'~ tq',~'i~ .1 h.~_ it' 'i.t';. ~ - -1:. ;. '...... ....., . ". " - 4 - READ a first and seoond time this :;.J~lIti day ot ;t &rv>a,.y 195". ,/:ce lJ/~ Ill-tCJ{{!( Mayor or Reeve vi r,~tJ~ ~er READ a third time and finally passed thisiu:cllf'A day of J4.-Y1 e. 195p. U h1'~~dt Mayor or !teen /, (:-0 ~f C1e I \ '....., .. ,/ . THE COHl'OJc"TIOll OF TilE VILLI,GE OF TlVlmTON BY-LAW no. '.l":j' i " A ny-law Q1lthor1z1ng the b"rrowlng of Two thousand (~ 2,000.00) dollnro upon ~\)"':'nturoll tor the purpose of msk1n,' a gr81lt to The Kincardine Qeneral Hospital. da~ apI al: imERFAS provision is made under The Munioipal Aot whereby munioipalities may make granto to Publio llospltals I E!1 1.. AI:J.I) :11lE EA:; it 1s desired to make e. grant to the Kinoardine General Hospital I be t\ t: " AJji) ':llIY.HF.AS it is oXllcdient to borrow for the 1'1lrpose aforesaid a SUI~ not exoeoding two thousand ($ 2,000.00) dollars upon the oredit of the corporat1on, and to 1ssue d.ebentul"CS thercfor which sholl not bear inter cst I 2 i t E AIID \/HF1:EA..'1 it 111 expedient to make the )lrinoipal of the said debt repnynble in equal annual inst8l.ments during the period of tour (4} years after the date ot issue ot such debentUl'es I ] AND ,WEi FA:> the amount of the whole ratecble property of the g,nicipalit7. aooording to the last revised assessment . , roll thereof is t ~45,eOo.oo Al, D ',,'HllliEAf> the amount of the exlsting debenture debt of the corporation exclusive of looal improvement debts seoured by special rates or aosessments is $ 4.5,731.40 and no part Of the prinoipal or interest of suoh debt 1s in arrears ; .... - 2 - /~D ','/HEREAS by Order dated the day of 19 , 'the Ontario Munioipal Board hOB approved the purpose ot the oaid borrowing and the passing ot all requisite by_lowo inolud1n8 debenture by-laws I THEREFORE the Council ot the Corporation of the Village of Tivertcn EnACTS A:J FOLU)WS I I t. For the purpose aforesaid the oorporation shall borrow UpOD the oredit ot'thO corporation a Dum n~t exoeeding tv/a thoup.ftDd ($ 2,000.00) dollars and shall isaue debentures therefor in Il\UllS of not leas thftD.' ~ tiOO.OO {,echo Ise 2. A1l the debentures shall bear the same date, shall be Issued at one time and within one year atter the day on whloh thls by-law i= paesed may bear any date wlthin suoh yesr anA ohall be made payable in equel annual inetallllente dl11'l%18 the period of four (4) years next atter the date of l~sue thereot. ing ,ch 3. The debenturos shall be poyablo in lawfUl money of Ce.ne.d~ and may be made ;payable at suoh plaoe or plhoe& in CIUle.dn e.s shall be desisnated thereon. lrty llent 4. The said debentures shall be sealed with the seal or the Corporation and signed by the head of the counoil or by some other person authorized by by-law to sign the same and by the Treasurer. debt eoured 5. commenoinB in the year 1957 and tbeleafter in ~aQh year lars ; , - 3 .. In which an instalment Of principal ot the said debt becomes duo, the corporation shall levy and raise the said sum. Such SUIll ohall be levied and raised by 11 speoial rate sutfiolent therefor Gver ond above all other rutes U];lon all the rateable HrAl 1c1. property in the munloipality. 6. The said debentures mey contain a o1811se provid1ne for the registration thereof purau~nt to Seotion ~35 ot the Jl\1nicipal Aot. " , I , 7. Pending the eale 01' the said Debentu1'es the head of the Counoil and the treasurer may raise for the purposes aforesaid by way of loan on suoh debentures any sum or BumS ot money not exceeding in all the sum hereby authorized to be borrowed end moy hypot/.ecate such debentures for suoh loan. m: th 9. The Corporation shall have the rip-lit at it~ option to redeem the said debentures either in whole 01' In part on any date prior to maturity at the plaoes where ond in the moneys in \~ioh the said debentures are expressed to be payable upon payment of the principal sum thereot and upon giving previous notice of odd intention to redeem by udvertleiJ:16 onoo in the Ontario Gazette tl1d onoe in a daily newspaper of r-eneral provinoial 01roulat10n published 1n the City 01' Toronto, and once in ft local newspnper I if ~ . Buch notioe to be ad- vert1sed as afo~ esaid ot lecst thirty days before the date fixed tor red6mptlon. Botioe 01' intention 80 to redeem ahall also be sent by post at least thirty daye prior to the date Bet for suoh redemption to eaoh person 1n whose nane a debenture 80 to be redeemed io registored at the nddrc3! sho\1.D in the Debenture f-egistry Book. Where only a portion of the debentures of this issue 10 so to be redeemed suoh portion sholl oomprise only the debentures thfl t h'tve tlle lntest mnturi ty dnteB unu no debenture of this iOBue ahnll be called for slloh redemllt10n 1n pr10rity to any such debenture that has a later maturity date. 1 1 .. , t" ,he Lid 1011 14 ~o r a on us he ul W.l ~ !lown the led has - 4. · ReAD a flrst and seoond time tnls 1tf day of ktl't.t.Q. "1 . 190tl. R'!'AD a third time and. finally paese4. thSs day 01' 1t1721 ~~ eeve .-~~(f) f!JkuAL Cler ' 19b6. LieI $~ ~d-P/ Reeve tr!J/~ , . . I ~,l " 1 I ',' C'l ; ~. 0 - ,,, :.q 0 > Itl . ~ '-.l 0 ~ ~ .. C'l l;l 7 ~ ~ ~ ti .... tl ~. (l c ~ .... "'.I ;Ii I-i ~ ..., ~ ~ .... ... "1 .., 04 C f l;l 0 "1 '>l ~: r l:d l;l ::c ~ 0 ~ > j - . ... ~ €a - ,~ \:j t:j ~ (OJ I ~ "'.I < 0 Id .... .. ~ p ~ &1 :::I . I' 0 ~ ~. t ~? t>:I l;l '" (.) l"I I;, I ". t"l , >'i 0 " ~ ..., " I! .. 'T ,i. q ", " '.,. .- L: -,~I ,