HomeMy WebLinkAbout99 069 Tile Drain Loan-Thompson
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1HE CORPORATION OF mE TOWNSHIP OF KINCARDINE-BRUCE- TIVERTON
BY-LAW
NO. 1999 - 69
A BY-LAW IMPOSING SPECIAL ANNUAL DRAINAGE RATES UPON LAND IN
RESPECT OF WHICH MONEY IS BORROWED UNDER THE TILE DRAINAGE ACT
WHEREAS owners of land in the municipality have applied to the Council under the Tile
Drainage Act for loans for the purpose of constructing subsurface drainage works on
such land;
AND WHEREAS the Council has, upon their application, lent the owners the total sum
of $7,000.00 to be repaid with interest by means of rates hereinafter imposed;
NOW THEREFORE the Council for the Corporation of the Township of Kincardine-
Bruce- Tiverton ENACTS as follows:
1. That annual rates as set out in the Schedule 'A' attached hereto are hereby
imposed upon such land as described for a period of ten years, such rates to be
levied and collected in the same manner as taxes.
2. This By-Law shall come into full force and effect upon its final passage.
3. This By-Law may be cited as the "Thompson Tile Drain Loan By-law".
READ a FIRST, SECOND and THIRD time and FINALLY PASSED this
16th day of June, 1999.
NO. 1999 - 69
A BY-LAW IMPOSING SPECIAL ANNUAL DRAINAGE RATES UPON LAND IN
RESPECT OF WHICH MONEY IS BORROWED UNDER THE TILE DRAINAGE ACT
WHEREAS owners of land in the municipality have applied to the Council under the
Tile Drainage Act for loans for the purpose of constructing subsurface drainage works
on such land;
AND WHEREAS the Council has, upon their application, lent the owners the total sum
of $7,000.00 to be repaid with interest by means of rates hereinafter imposed;
NOW THEREFORE the Council for the Corporation of the Township of Kincardine-
Bruce-Tiverton ENACTS as follows:
1 . That annual rates as set out in the Schedule 'A' attached hereto are hereby
imposed upon such land as described for a period of ten years, such rates to be
levied and collected in the same manner as taxes.
2. This By-Law shall come into full force and effect upon its final passage.
3. This By-Law may be cited as the "Thompson Tile Drain Loan By-law".
READ a FIRST, SECOND and THIRD time and FINALLY PASSED this
16th day of June, 1999.
Mayor
Clerk
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120
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Prûtf~.1t rw:ycW,..,
OFFER TO SELL
Tù~ D1ØÎNII~ Acr. R.s.o. 1990. c. T.....' (I)
R.LO. 1990, ... Ion
Fonn9
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For use only by
municipalities not within the District of Muskoka
or a regional municipality, or a restructured county.
TO THE TREASURER OF ONTARIO
The Corporation of Township of Kincardine-Bruce-Tiverton
hereby offers to sell Debenture No. 1999-07 in the principal amount of $ 7.000.00
to the Treasurer of Ontario as authorized by Borrowing By-law No. 1999-50 of the Corporation.
The principal amount of this debenture is the aggregate of individual loans applied for and each loan is not more
than 75 per cent of the cost of the drainage work construded.
An inspector of drainage, employed by the Corporation, has inspected each drainage work for which the
Corporation will lend the proceeds of this debenture and each has been completed in accordance with the terms of the
loan approval given by cooncR.
A copy of the Inspection and Completion Certificate (Form 8 of the regulations under the Tile Drainage Act) for
each drainage work, for which the Corporation will lend the proceeds of this debenture, is attached hereto.
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June 16. 1999
Date
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