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THE CORPORATION OF THE TOWN OF KINCARDINE
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BY-LAW
BY-LAW NUMBER 1998 - 38
OF THE CORPORATION OF
THE TOWN OF KINCARDINE
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A BY-LAW TO ESTABLISH AN AIRPORT RESERVE FUND
WHEREAS Section163 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.
3.
· 4.
That this by-law repeals by-law 1998-12.
This by-law shall come into full force and effect on it final passing.
This by-law may be cited as the "Airport Reserve Fund By-law, July 1998".
READ a FIRST, SECOND and THIRD time and FINALLY PASSED this
23rd day of July, 1998.
J!J~~.~
. Mayo('
Rbra~o.~
Clerk
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