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Apylaw to raise by the issue of 4sbenture4 the epm Of One Thousand
t Dollars required for repairs or improvements of Public School property•
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WHEREAS t1v Board of Education of the Yorru of Einoardine require the A�.�il
rum of One thousand Dollars fir the purpose `of 7aakingfrapailer :im•
provemm is to Public School property in -said, Town and have applied to
Council of said Town 1br that amount,
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AND WHEREAS it is deemed ntosssary and expedient to raise the said
sum for the purposes aforesaid by Nay of loan on the credit of debentures
or tho Corporation or the town of Eincardins,
AND WHEREAS the sun of One thousand dollars is the amount of the
debt intended to be created by this by•law
AND R'RERBAS the amount of the whole rateable property of the
Municipality of the Town of- Kinoardine according to the last revised
assessment roll is the sum -of #739,138.00 (including #81 exempted
Property liable for school rates),
AID WHEREAS the amount -of the existing doienture debt of the said
Municipality is the sum or #86 of which no part of the prinDipai -or
inEerest is In arrear,
AND WHEREAS it is desirable that the principal of said debt ehould_tfe
Mable in five ysars,
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