HomeMy WebLinkAboutKIN1921-933 Purpose Of Purchasing Fire Equipment• 1
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do ONTARIO -
r TREASURY DEPARTMENT
5�
Torcnto, February 16 1
�. � 927.
W. Butler, Esq.,
Clerk, ;
Town of Kincardine,
Ontario.
i ;
2 Dear Sir: j
I beg to acknowledge receipt of your letter
of the 15th inst., enclosing copy of By -law #933 for
the purchase of Fire Equipment.
Yours very tru ;
GH -Ce As i
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607.35
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647.63
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587.32
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647.63
647.63
6I6.69
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BYLAW N0.�
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For Borrowing the sum of Five Thousand Dollars.
WHEXAM it is expedient to borrow for the purpose of purohaeing�
e
firlequlpment.the Bum of Five Thousand dollars and that Is the
amount of the debt intended to be created.
AND {YH1&MS the amount of the whole rateable property of the
Municipality according to the last revised assessment roll is
I
AND WHERFAS the amount of the debenture debt of the Corporation
( exclusive of local improvement debta.seoured by special rates of
assessments ) is $167,9I5.70 and the Corporation has also
guaranteed the bonds of the West Shore Railway Company for the sum
Of 050 and no part of the principal or interest is in arrears.
Be it therefore emoted by the Municiffl Council of the
E
:.-
Corporation
of the Town of Kinoardine as follows;-
i -
I. For the
purpose mentioned
in the preamble there
shall be
borrowed on
the credit of the
Urporation the sum of
Five Thousand
dollars and
debentures shall be issued therefor on the
instalment t
plan in sums
of not lase than
$50.00 each which shall
have coupons
attached for
the payment of interest at five per cent per annum.
E. The debentures shall all bear the same date and
shall be issued
F.
within two years after the date
on which this by -law
is passed and
may bear any
date within such
two years and shall be
payable in
-_
ten annual instalments during
the ten years next after the date
-
when'they shall be issued and
the respective amounts
payable in
each of such
years shall be as
follows;-
-
Years.
Brinoipal.
Interest.
Total. t
_ 1__
I.
397.63
250000
647.53
E•
4I7.40
230.I3
647.53
30
438.27
209.26
647.53
`
40
5 0
460.I9
I87.34
647.53
483.I9
I64.34
647.53
}
7�
607.35
I40.I8
647.53
632.7E
II4.82
647.53
91
559936
587.32
88 -17
60.2I
647.63
I0.
626.69
3084
.
647.53
647.53
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3. The debentures as to both prinoipit and interest shall be
expressed in Canadian Currency and shall be payable at the Bank
of Montreal at its branch in the Town of gincardine.
49 The debentures shall be signed and issued by the Hsyor of the
Corporation and shall be sealed with the seal of the Corporation
and the'debentures and interest coupons shall be signed by the
treasurer of the Corporation.
b. During the Currency of the debentures there shall be raised ins
each year the amount of the instalment of principal and interest
payable in that year as set forth in section two.
6. The debentures may contain any provision for the registration
of them authorized by law.
7. This by -law shall take effect on the day of the passing thereof.
subject to Its ping aseen�re to by the electors.
Passed this day of d.D.I9$1.
Wil
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Mayor.
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NOTICE.
h
TAKE NOTICE that the above is a true copy of a proposed by-
law of the Corporation of the Town of Kinoardine to be submitted
to the votes of the electors at the same time and at the same
places as the annual election for the Municipal Counoil and the
Deputy Returning Officers appointed to hold the said election
shall take the votes n
that the? 'day of December.I926.at �0'Olook in
the noon at the Council Chambers in the said Town has boon
fixed for the appointment of persona to attend at the polling places
and at the final summing up of the votes by the Clerk.
AND if the assent of the electors is obtained to the said
proposed by -law it will be taken into consideration by the Council
of the said Corporation at a meeting thereof to be held after the
expiration of one month from the date of the first publication of
this notice and that such first publication was made on the 9th
day of December A.D.I926.
TAKE NOTICE further that a tenant who desires to vote upon
such proposed by -law must deliver to the Clerk not later than the
tI
tenth day before the day appointed for taking the vote.a declaration
under the Canada Evidence Act that he is a tenant whose lease
extends for the time for which the debt or liability is to be
created or in which the money tz to be raised by the proposed by-
law is payable.or for at least twenty -one yeare.and that he has by
the lease covenanted to pay all Municipal taxes in respect of the
property of which he is tenant.other than local improvement rates.
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