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HomeMy WebLinkAboutKIN1918-724 Borrowing of sums by-laww� of Kino— the year . 00 .o 0 vo i.00 . 00 va 0 44 M w&.ky -1 J,^°-LAf 04- V% % %.A.,... nw -e % s• ►tom }-� �.,.,... ao o _ v5 o�""'"t w.r.Y� r _ _ j BY LAW NO 72/ j By Law number seven hundred anda�.u.f►.� I aLO. of the Town of Kin• - oardine ,ir, the County of Bruce and Provinco of Ontario.• For the purpose Of Borrowing the sum Of two the - usand.five hundred dollars to meet the interest on' certain debentures of the Ontario west shore olootric,raiiw ' _ by the said Mur.iolpality. eY Buarenteei Whereas the Corporation of the Torn of Kinoardi .1ns under the authority of its By Law duly passed .guirante*od... I oortain,•of the debentures of tho Ontario west aboro electric' - rail »ay and is now called upon, to pay;,tho interest thoroon for rhich, no provislon or levy has boon made. -- _ And rhoreas it is nocossary to borrow the j roriey therefor until bueb ti as the taxes for the year I9I8 oar, be collootod. ' Be it therefor resolvod Oral it is hereby rosolvodby the Munioipal Council of the Tom: of Kincardine in COU,oil assembled. � _ That`it shall be lawful for the Mayor and Treasurer of the baid Corporation the of Town of Kincardine to borrow from any Bank or person rilling to lend the same snob a sum or sums of money as shall be raquirod to meet the � intorest duo on sand debentures so guarartond and which interest raturos or, the first day of January I0I8 and .ho first day of July IDIC -ouch arourt to be borrorod not to oxonod the ii= of tro 'houi,ard five h=drN dadlers. The 1'.ayor and Treaburer or, Lohelf of said Corporation, are bereby suthorizod to Oxecuto rich promio'ry rote Or rotes as may be rogltirod for snoh _j1_trioso artd to have the ij BMW the Corporatiorattachod thoretosuoh note or notes to bear r intorest at the rate of five and one half per cent per arrum. _ f A apooial rate to meot such arourt and raise the [ samo is hereby lovied or, all the rateable property in the said Corporation liable for the payment thereof which rate shall ' - -�� -- beinsertod in tho Collectors roll of the Town of Kinoardine for the year I948 and shall be collected in the same manner as other _ taxes .arc% When bo collected shall be applied in payment of ` such arourtb so borrorod as aforesadd Signed sealed and finally passed in 'per, Couroil this day of ` ` -•- A.D. I9I8 V% % %.A.,... nw -e % s• ►tom }-� �.,.,... ao o _ v5 o�""'"t w.r.Y� r _ _