HomeMy WebLinkAboutKIN 98 012 Repealed by No.98 38
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AMENDEDIREPEALED Bt
BYlAW NO. ¡99f· 3f'
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THE CORPORATION OF THE TOWN OF KINCARDINE
BY-LAW
BY -LAW NO. 1998-12
A BY -LAW TO ESTABLISH AN AIRPORT RESERVE FUND
WHEREAS Section 163 of the Municipal Act, R.S.O. 1990, Chapter M45, provides that
a municipality may establish and maintain a reserve fund for any purpose for which it has
authority to spend funds;
NOW THEREFORE the Council for The Corporation of the Town of Kincardine
ENACTS as follows:
1. That an "Airport Reserve Fund" be established and that the 1998 airport grant
from the Ministry of Transportation, in the amount of $75,600, be allocated to it.
2. If Council should deem it advisable, monies raised for the Airport reserve Fund
may be expended, pledged or applied to a purpose other than that for which the
fund was established.
3. This by-law shall come into full force and effect upon its final passage.
4. This by-law may be cited as the "Airport Reserve Fund By-law, 1998".
READ a FIRST and SECOND time this 19th day of March 1998.
READ a THIRD time and FINALLY PASSED this 2nd day of April 1998.
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