HomeMy WebLinkAboutKIN1921-809 Purpose Of Borrowing $2500. To Meet Interest On Certain Debentures61
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Dy
iar number eight hundred and N " ^ of the Town of Kinaardiae
in the County of nraso and provinae of Ontario
Yor the purpose of borroning the sun of two
thousand five hundred dollars to meet the interest on aertain
nobentures of the Ontario rout ahors Aleatria hailBny taaranteed
bg tae said natniaip411t,7 of the town of r_inaardine.
'nereas the paid Corporation of the Town of A-ino-
- ardins under tnn autnorla, of its :iy :.ar duly puesed Guaranteed a
her. of *.he :^bunt a a of the rant Shore 5leatria Railway and
is Zr no called anon to pay the interest %horeon for whiah no provision
or levy has boon made
rind whereas it is neaeanurjt to borrow the money
therefor until such time as the taxes for the ,soar 39Y.2 aaa be
aolleatad.
% it therefor sheeted and it is hereby oneated
by tae 1;,Rn13ipal uounail of the . of — inaaraine in uounail aesem-
-bled
That it shall be la%fal for the Kay or and Tre
- annror of the said Corporation of the Tav7n of tinaardi:eto borrow
from rim; .3onk or person Billing to land the sane duah`a sum or sums
of money as shall be required to meat the interest due on nnia
yebenturse so gnarantend nna %niah interest natures on the first aay
of January I92P. and the first day of jul 19 %.2 e anah amount to be
borrowed not to exceed the udm of twant; five hnaarea dollars
The r.a_or and Treuenrer on bnnalf of the Corp
- oration are norab; authorised to oaeaute ouah promisor; note or n
noted as may bo required for such purpose and to nave the teal of
the Qorporation attaahnd thereto ouah note or notes to boor interest
at the rate a.' six ;gee o..u0.
A spnainl rate to neat ouah amount and raise
the oars In nerobg levied on all tno rateable property in the said
Corgaratiin liable tar the payment ;noroof O whiah rate shell be in
- eerted in tho 0olleators :toll of the said of `.inonre.ine for
the yezr 1992 and shall be aollaatnd in ,.he cane mnnner ae other
taxes and nhon so aolloatad nhall be applied in pa7tyent of the amount
eo borrowed no aforennld
315aed eonitm nna finnll. pnaned tnid fifteenth any of
�)naamber :;.D. I4PI.
MAYOR C
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