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By -Law rro. sso - on. Ba
the sSid tbrpolstton. and he is hereby
authorised andiustrnoted torthe PurPoa•
as aforesaid to issue debentures of said to te amount at the
Of The Town of Kiacudim value t Way of loan up
the terms heralnbefore and 1 1008 •
A OY•Law to Grant Aid by W &Y Instter set forth in aid of sa
_ of Loan and Partial Tax fix -I be advanced t l0 said Company so to bt
emption to a Company to be Incorporated an bOrotuftcr bet forth
that is to pay,—The sum of 0.6000.01
Incorporated by William upon the purchase of su fficient lands 11
Mitchell. Bald Corporation and the 611003011 there
- upon of a factory building, the mah
Whereas WUllam Mitchell has propSo• building thereof to be At lout 48xloo 0
ad to Incorporate a Company under such 69x6o fat and to be oonstmcted c
name as may be approval by the Gloat• either brick, stone or cement; and th
aueat Governor, and Proposes to 00 • balance of said loan upon the oomPlOtlo
tablish In the Town of Kiucardlae an of said factory and plant Iblly equipPO
luduatry for the manufacture of hoslery, for the purposes of said enterprise, wit
- -
s w e ater coats or woollens or any or all all aecassar machinery, the whole, 11
of them, and to erect for that purpose a eluding the lands, building and machli
taotory and plant to cost Including leads cry to be of the value of u lout 118,61
not less than 118,300.00• t be arrived At, It any dispute, t
And whereas said William Mitchell arbitration each party m appoint 01
count of Bald debentures &o to be
6, and the amount so to be raUed
year shall be reduced to the ex•
1t tbo sum so applied.
peerutrodgcommetoingwlth the ._
)t January A. D. 1916, and ending
,e stet day of December, A.D. 19960 a.
tormi and con-
t an far as Same
or a provided by
oonSil of said Town
Ice 1n the Tow¢ Hall
dayousnusry191
at ton o'aoca on we toreneoa W sam rap
has requested the Council of the TOwu trator, l and the two se appointed w the number of totes for and against by
of Kincardine to old said Company to choose s third, the County Judge to law. laty shall take cgieot o¢
their Bald enterprise by grantlug to have power to appoint for either party 8. This By
them a loan of Fifteen Thousand DOI• have
e or re f us ing to do, the daq of the final passing thereoL
Ian to be repaid with interest at six 9 Before the said loan or any Part Dated and finally posed this
percent. per annum In drtcon annual thereof is advanced to said company day of A.D. 1913.
tuatalmants of principal and Interest, and as s oondittoc Precedent thereto, Ct xltx MAYOR
the first of Such paymebts to be made the said Company ehall execute and de
- - on the 16th day of August, 1916, And liver to Sold corporation a firs wort
annually thereafter, the total Payment gage upon their Isnde. buildlOgs, coach' NOTICE
- -- for each year to be equal In Amount to leery and plant. In mold town of Kincar•
the annual sam to be Pald by the said dice, then or thereafter to be used In Take Notic that the above is a true
Town In respect of the debentures to be connection with said business, to secure e
Issued by virtue of this by-law, less the the repayment of the COMPany'r Portlon copy of A proposed by-law which will le
,am of 6330.00 per year, which amount of said loan In fifteen equal annual My taken Into consideration and which wt
is to be p y the Town t f 11194 44 each, the first of Ouch be finally passed by the Coan011 of s at
E
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And whereas said William Mitchell Mon s c To
bu 06140 requested old Council to great to nally thereafteer r
at PLYmenta to be Made on the 16th day TOW said Company exemption from taxes, August, 1916, and aa Sosee
except school taxes, for a period of ten on that data until the toll amount haw P bra
been paid, and the performance of all
Y". n troln the First day of January, covenants by the said OOmPeaY in bowl
A. . 1918. raAia it of said loan, Led Such mortgage tine
Aod whereas It 14 expedient to grant so p
al
shall rovide for the Insurance of an d
said aid subject to the conditions here- old ea bu ilding, r plant and machinery, In old
j a z Ite
And w hereas i ration to the extent on tt
And whereas n ord to make old of not less than 1110.000 00, such policies twee
loco, 30 will be necessary to borrow the to contain what Is (mown Am the "idort• forel
sum of 116,000 and to issue debentures d euob Mortgage shall
of the Manlclpsllty therfor, which Is RA9 Clause'" n Pa
the amoant of the debt intended to to the protection Of aid Corporation u to St,
created by this by-law. appear necessary. May
-
And waereas the &Mount of the whole It s� re
d debentures shall be Signed P
rstoatle property of the Town of Kln• b the Mayor and Treasurer. and the St
cardine according to the lot revised rate Beal shall be attacbed there- bull
Assessment roll thereof In 6789,034.00, Corporate
And where" the &mount of the ex- too r later• Said debentures &hall bea Si p,
isting debenture debt Of Sold Municipal- eat &t the rate of Six Par cent- Per an' SP,
y is 691,666.10, (exclusive of local 'in. prevenient debentures) whereat no part thereto 0
for the Annualinterest,t B• 1
which
of the principal or Interest is In mrrear. ns shall be payable annually on woo
And where" It is desirable that the coupons
Bald debt should be payable the 30th dap of Dec K at the March' St -
principal of ed of ants Bank of Canada. KlncanU a and Be
by yearly soma during the pall
Attaen years belOR the time within s°Id debentures shall be mode payable C
- which It is Intended said dent Is m be at sold Bank at provide 103.
discharged, yearly sums being 6. That M Provlda for thepa the 191 lot
at such respective Amounts thatthe olsaida0m and interest thereon, i A Pct
hl In each car auto of 91644.44 shall be levied ant- To
of the said
lorenc on, to
/ aggregate amount PAYS a y
for and Interest In respect of
raised ananSily during the 0.m
with the you 1919,
a ppoint pereuu. �.. _- -- - -- - --
places aforowda, and at the final
principal
the Sold debt shall be u nearly As pus•
- - dhle to the amount Payable in
commencing
Years, b ° s pecial
y 1106 sbtfialant orgy in Bed
property
polling
summing asp. of votes by the Clark On
of the Persons tateree in and
' egos!
each of the other fourteen years of Auld
one the rateable
town o! Kincardine, provided that all
behalf
po
promoting or 'opposing the posing of
` period•
And whereas It will require the &ram
some received from said Company,
and Wlgos, on accennt
tbisb•lawreepeatively.
And further take notice that on '"
the ir successor$
of 11644.44 to be raised Annually for a of old luau, *hall be deposited to A
` of fifteen Years to Pay the aver' In the heats Bank
holders qualified under the providons
of R. B. 0. 1914, ChaP• 199, San- 906,
period a 1a1 account
- al yearly same of principal and interest of Cananal ►t Kincardine, °sad that the
- atoning due, As the same become duo
tber At
S• S_ 6 are required ten days before the
day of voting to file with me a Statutory
and to discharge the amid debt As the
tt out c�tdi �o
dxlaratfoa of 4AS11Aaatlon. Otherwise
the
- - Name becomes doe on, payable
- Therefore the Munlolpal Coabcll of
the time of Settling the tot°( annua l
,
Be As
their women will not appen
Voter List for such young.
- the Corporation of the Town of Klncar•
Moll for any year shell be appUled 0 or
SMUouA Clark.
or dine enacts "follows'r
`' It be lawful tot the Mayor of
went of the amount falling
towards pay.
*�
1. shall
r�
ad day or Jannury, 1916 be-
t hours of nine o'clock in the
a nd give o'clock in the after-
he following placem :—
Bub•Divislon No. I (formerly
ew's Ward) at the CMMOII
Town Hall-
Bub-Division No. 9 (torMerly
1 Ward) at Booth Beare In brick
owned by Jas. Allen, On cut
lean St.
Bub•DlvielOn No. 3 (formerly
gas ) it O ffice owned
north of Bilotti Block OR
r ay,
i o f Queen B0.
ButrDlvlSion No. 4 (formerly
Ick'aWasd) at m. t aneenJSt.
i
N t '
y
And whereas eai& milliam Mitchell has also requested __
3
said Council to grant- said`Company exemption =iron taxes, ex
cert-aohool= taxen; =for- a °poriod of =ten yeas from = the: First
day of Janudry A D: 1916,
And `xherGa's it- - 1e` expedient to grant--said --air sUbj eat
to the conditions hercinatter mentioned; -'.
And whereas in order to make4 :said loan, "it will be nee
asaery to borrow the•:sum.of $16000 and to issue - debentures ofl
v.
the municipality there for, �ohioh -le the amount of the debt
inten4ad`to be crest ed'by this by -law, 4
And whereas the amount or the whole rateable property,_
of the - `Town of Kincardine aoeording:to the laet=revisa&7
went roll.tbareo! is #739,934:00,
�. _A
Oocpar►y under such - names as maybe approved by thA'`Lisytenant
Governor and proposes - to eatabliah�in the Town of`Kinoardine
an induartrY -for the manufacture of hoelar r yp sweate coats;
woollens; or any - or - all of tya�n erect for' that purpose
a factory and plant to oost;not' less than'O1B,310.00. =
pad whorass acid William'Kitohell has requested the
- Council of the Toren of - Kineardine to aid said company in tt►eir
i-
said enterprise by granting to them loan of4j Thousand'
,;
Dollars to be repaid with *intereat'at Six per Cent per annum
in fifteen annual- instalments, of principal and interest„ the
first of such paynento to'be made -on the 15th of Augulti
1918, and annually: thereafter,' the total - payment for each year-
to Va equal in amount to- the"annual sum to be'paid by. the
said Town in respect of tbe..debentures "to be issued'by`virEUS-
of this by -law, lees' the sum of 1350:00 °per year, which amount
-
rt
t e to be paid by the `Town, - -
l F -
VU
o
_ _ __� o
VY -LAIN go. 800 of the _ Town ot. Kinoardine _ ,
A_Hy -law to -grant aid by ray of loan and partial tax exemptio z
to a Ooppany to bo incorporated by gilliam Xitaboll.
LIE
- _
Whereas 9Ci111am Kitchell hae,proposed incorporate'; a
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i
i-
6d= k
'e !
-- And whereas the amount_ - of - Ab ,existing debenture
debt of said Municipality is $91,353.10, r (axolubive of loodl
Improvement debentursa)whersof no part of the =principal' or
Interest in in arrear, -
And.whereas,htls- desirable that the principal of
-- said debt should be' payl:bla by yearly - flume - during - the period
of fifteen years being -the time - within whioh'it_is intended
said debt is to be disoharged,'said yearly suns being 'of
such respeotive amounts that the aggregate.amount. .payable in
each year for principal and interest in respect of the said
{ debt shall be as nearly an _
Y possible equal to amount pay,m>
able in each of the other, fourteen years of said perlod, And whereas -it will require the sum Of 11564.44
to be raised annually for a period of fifteen years to pay;,
the several yearly some of pr
inoipal and interest acorung
�� due, as the same become due and to discharge the said debt
Ks the same becomes due and payable, _
Therefore the Municipal Council of the Corporation
,of the Town - of Kinoardine enacts ay follows:-
1. It shall •be lawful for the Mayor of the said,¢orporaton
and he is hereby authorized and instructed for the purpose : a
aforesaid to issue debentures of said Corporation to
�r amoun6the - - - - - _-
W value
,0
of =1500.00, by way of loan upon' the
terms hersinbefors and bereinaftar set forth in &id said-=i
enterprise, which said loan shall be advanced to said Company
so to be incorporated as hereinafter not forth, that is to
say_ - sum of $5000.00 upon the purcha as. of sufficient
J lands.in said Corporation and the erectlon of a
1'n[ltewn 1n11Ainw •sa �a..t.......__`
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— . .
- by a special raEe 'dpffioient therafdr_upon all the rateable
property in said Tour. of Kincardine, provided that all sums
received from said Company, their successors and aesigna, on .
account of said loan' shall be deposited to•a special account
in the Merchants bank of Canada at : Kincardine, and that the
t
- - mcneys standing at the oredit of said account, or _a sufficient
- part thereof at the time•of settlinrr the total .annual rate,
and making up the Colleotor's Roll for any year shall be ap
plied in or towards payment of the Wunt falling due each
year for principal and interest, an account of said debentures
ao to be issued, and the amount so to be raised each year
shall be reduced to the extent of the sum so applied.
8. During each and every year of the period commencing
with the First day of January, A.D. 1918, and ending on the
31st day of Docember, A.D. 1535 in which said Company fully
comply tith and carry out the terms and conditions of the
x _ said agreement so far as same relates to the operaltion of
said'industry# the employment of persons engaged therein,and
— the payment of rsgea, the manufacturing industry of said
t Company in said Town of Eincardins shall be exempt From all
?•'
Municipal taxation thereof (except school taxes) but in the
� case of default by said Company in any of oaid provisions in
Yea.' z any year, then full taxes shall be paid Tor such year as pro-
vided by said sgrekmant.
4
'4y� 7. The Clerk
o?.%Ounoil of said Town shall attend at his- 111
f
office in the Torn Hall on Saturday the 23rd day of January
19165 at ten o'olook in the fore -noon to sum up the
o f votes for and against the by -law.
This &y -lax shall take affoct,o the day of the final
passing thereof.
- -Dated and finally passed this day of
_ bacasr, A.D.
-
w.. e
war'•_ .. ... _ _
� I
i
— . .
- by a special raEe 'dpffioient therafdr_upon all the rateable
property in said Tour. of Kincardine, provided that all sums
received from said Company, their successors and aesigna, on .
account of said loan' shall be deposited to•a special account
in the Merchants bank of Canada at : Kincardine, and that the
t
- - mcneys standing at the oredit of said account, or _a sufficient
- part thereof at the time•of settlinrr the total .annual rate,
and making up the Colleotor's Roll for any year shall be ap
plied in or towards payment of the Wunt falling due each
year for principal and interest, an account of said debentures
ao to be issued, and the amount so to be raised each year
shall be reduced to the extent of the sum so applied.
8. During each and every year of the period commencing
with the First day of January, A.D. 1918, and ending on the
31st day of Docember, A.D. 1535 in which said Company fully
comply tith and carry out the terms and conditions of the
x _ said agreement so far as same relates to the operaltion of
said'industry# the employment of persons engaged therein,and
— the payment of rsgea, the manufacturing industry of said
t Company in said Town of Eincardins shall be exempt From all
?•'
Municipal taxation thereof (except school taxes) but in the
� case of default by said Company in any of oaid provisions in
Yea.' z any year, then full taxes shall be paid Tor such year as pro-
vided by said sgrekmant.
4
'4y� 7. The Clerk
o?.%Ounoil of said Town shall attend at his- 111
f
office in the Torn Hall on Saturday the 23rd day of January
19165 at ten o'olook in the fore -noon to sum up the
o f votes for and against the by -law.
This &y -lax shall take affoct,o the day of the final
passing thereof.
- -Dated and finally passed this day of
_ bacasr, A.D.
-
w.. e
war'•_ .. ... _ _
r�
as .
si
a:first.moptgage upon all their lands, buildings; aaahinary j
end- plant, in said Town of Kincardine, then or thereafter to
�t
be used .in_eonnection with said'business, to secure there-
payment of the C?mpanyls portion of said loan - in fifteen equal;
-
=f
_
annual payments of ; 119.44 such, the first of such payments
to be made on the 15th day of August 1918 and annuall
thereafter on that date until the full amount had'been paid;.
and the parformance of all covenants,by the said Oompany,in
,;_
<_
.respect of.said loan,and such mortgage shall also provide
- for the insurance of said buildings, plant and machinery,Sn
-._
favor of said Corporation to th9 extent of nat lase than
}�
410,OD0.OD, such policies to contain what is known as- the
"Kort£ags Clause ",. And such Mortgage shall also aontain 'sue
other.provisivns for - the protection of said Corporation-ac to �
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.3
the whole, including the lands, building and machinery to be
or th v alue of at least 118,300.00 to be -arrived at, if eLny--
dispute, by arbitration, o)aoh party to appoint one arbitrator
and the two so appointed to a third, the County Judge
to have power to appoint for either . party neglecting or
fuainfr,'oo to do.
P, Refore the said loan or any part thareof advanced
to said Company, and as a condition precedent therstop the,
said Company shall ex9outo and deliver to said Corporation;
a first mcWtgage upon all their lando buildings machinery 1
and plant, in said Town of Kincardine, than or tbarsafter'to-
be used in acnnectlon with Baid'businese, to secure the re.
payment of the Cofrpany I a portion of said loan In f ifteen equal
annual payments of 9"1194.44 oaob the first of such payments
to be rada an the 15th day of Auruot 1414 and'annually
thareaftar on that data until the full amount had been paidp
and the performance of all oovenants,by the said Oompany,in
respect of said loan.and such mortgage shall also provide
for the insurance of said buildinre plant and maohinerypin
favor of said Corporation to the extent of not lose than
410.000.00, such policies to contain what is known tie the
"LortCave Clause".. And such rorteage shall also ou
othor prWoluna for the protection of said Corporation-o
its Solicitor may appear necessary*
3. Said dtibenturon shall be signed by the Mayor and Xroca- I
urer and the - Corporate Seal shall be-attachedAherotd.
4. --.Said debentures shall bear Interest at the rate of Six
per cant per annum, and shall have coupons att�kched
- -
for the annual interest, which coupons shall bs
..annually on.the 20th day of December at the Nerohante Bank
of Canada, 3inoardine and said debenture a shall be made psy-ii
able*at said Bank at Kincardine.
5. That to provide for the payment of said sum and interest
thereon, the cum of. $1544.44 shall be levied and raised annual-