HomeMy WebLinkAboutKIN1920-782 To Raise sums for Water Purfication Plantby -LA 1
To raise the sum of $15.,00000 for a water Purification plants
.Whoreas under the pow ro givon by Goction 96 of Chapter 218,
Rovisod Statutuoa of Ontario, 1914 the Prnvi bna,r,d of lloalth
has r•3Portod in ::rating that it is of opinion that it is necessary
in the interest of the publio health that an ade%tuato alter Purificat-
ion plant be eotablishod in the Torn of Rinc ^r line, which report
is dntod the 1 4th day of March A. D. Vila.
'ND l'.H-72.:AS pl,no for said viork were duly oubmittod to said
Board of Health which plane woro duly an-roved by.nald Board on the
16th ,lay of July U20.
AND "'1l::R3AS it is expedient to borrow for the purroso of
oatabliahing said vloter Purifioation plant, the OLLn of Fiftoon
Thousand Dollars, an(1 that is the anount of 1.110 lobt irtonded to be
oraatod-
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A:,D ;ai: R AS the whole of the rat:+ablo property of the p
::unicinalit; ao•ordinr. to the last revicod assoc mnnt roll is
i
i
072,479.00. r
�r
A;ID V.K7VAS the ar.ount of the (Inbo-turo 10bt of t:.o
cornorntion is 5143.,3 8. no rart of the principal or intoront of
which is in arr')�r.
i;FIT Til' ^ 4 1 E ::HACV °D by the lluniciPl' -1 Council of the { Emil
Corporation of the Torun of Kincardine.
1
1. ThRt, the ostablistiing of said tivltor purific ^tion • no ordorod
and approved by tho Provincial board of Health is herob' au'orized
PP
-�
s: ::nd approved.
'
2. For The purr ouo nontionod in the nr ::Lriblo thoro shall be borroviod
on the credit of the Corporation the sup of Fiftom Thnuaand Dollars
and dobonturos shall be issued t.hcrafor on 'ho instaln)nt Plan, in nur,�:,.
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.
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of not less than Ono Hundr id Dollaro o:Lch, v;hich ..hall have coupons
attaehod ther An forthe Tv;y -nt, of the int.rost-
it
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3. The, ti:•b ^nturos nlinil all b, tho cn ^o 'late ;Lnti shall bo in u03 r,it
In two yo:Lro after tho ! -. to nr . vnccilL thin Ly -1:Lw i:: rnsL,)d 'r.'i ^rLy boar
ary date ijitlLin .+uch two ya.ra, :inlohall bo Paynblo in fif'o;n annu l
r .
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inotalmento during the fift o ^.n yenre next after the date when
i�
ar.�onni.o P a Y able, in a•lch
they shall be ioaued an ltho roanoctiva
of ouch yoars shall be an follO%Yut- 37 law =I
- ardino
planes in
;o Town Of K
9 i year Principal Intoro:)t Total liayor Rae'
�q G`1r�5� ^9 Light OOM
1.......... $620. ^9 ,,.00 F1R05.'�. one: thotls
n �.......... 660.61 934.69,
_ ,. . 169b.P
3.......... 703.85 X1.74 1PnF. ^^ f) -ni 0f
t
+t' 4.......... 7 M),!�A R46.o1 planes he
r 707.31 lfi�b. ^9
5•......... 77,f 6 7AF,.44, 16gF'•�9 a By low
�� 8•...•..... r r, nn
r,9n.19 1.��• also to t
7 ........... 05.10, n,
tb• 5.• 9 Clarks tc
rr,. 4.......... F�an.71 1r "
10..Fi.50 r n 1. 9 5.^
h�) ..... • .... 03 .01.:11 r, r n
10.......... 10. . ^1 � ,� �n � 159r•.nq by th0 )al'
hrs 11.......... 37 0. embled
1L64. ^� SoF. ^Q
the plaa(
�
1 ^40.0 ._fib..
v.9 12..........
^74 , ,3 159r no
'•�� -attar me
F 1116. ^Yn 1`'95•••- at :ho nr
14.......... 14011.• 0 several
z I5r5.29
1 ,.......... 1497.93 7.
Chambers
fir_ i 4. Tjje dobanturoa :n' tho intornInt crn +none shall be sional and ,t,a.-..
:xKl ie uod by the ;~ayor and ^hall be of ^nod aloo by the lronsuror and owned by
-site th
japa ,y
,,i the debentures oliall be ae ^led with the seal of the Corrorat.iono •
5. During tiro currency of the dobanturi+s thorc Etihall be vlis(A oaanpied
Juepnty
inoach year the ,count of the inatal7 :nt of Trio imsl nd interost on-led b.
y b
' payrcle in that. yeHr as sot orthin �e�� +lcn 8. A ennt
.
B. The •)bentures r-av contain rnmv nrcvloirn frr'the roe -intr^ -Sion for Mayc
- iaar Jc
of t'.er. aathoriz +d by la,,, on ly0ndt
thirty
n.... ., s.�9.v. A D. 1n^,0. in She
Dated tnia .'\• -��"� lay of
,� of �oOe1
Uy Vin
Town C'
s
iayor. .
Clark,
is
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