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HomeMy WebLinkAboutKIN1922-837 Granting a bonus by way of partial exemption of taxes (J.B. Watson Furniture Co. Ltd)ar- Im Int of r Cor- I time ouncil shall (clock me all for by P of ace by -lair sing I clock lity, tee 922 �I By-Law No. 837 For granting Is bonus by way of par- tial exemption of taxes to the J. D. Watson Furniture Company, Limited; 'WHEREAS the said Company, has i established a recd furniture tactory in 1 said Town of Kincardine and propwos to employ at least fifteen hands and i pity out at least ten thousand dollars j annually In wages: AND WHEREAS said Company has requested the Council of said j Town of Kincardine to aid said Com pony in their enterprise by grantini j to It a partial exemption from taxa- tion its hereinafter mentioned: .AND WIiEREAS It Is expedient In the interests of the Municipulity to grant the bonus hereinafter mention- ed for the promotion of manufactur- ing in said municipality: THEREFORE the Municipal Coun- cil of the Corporation of the 'Down of Kincardine enacts as follows: 1. For the purpose mentioned In the preamble the following roperty, thut i is to any, the south hall of Lot num- ber Six on the East aide of Queen Street in the said town of Kincardine and the buildings thereon and the plant ynd machinery and stock used in carrying on said business, unit said business shall, for a period of ten years from the 31st day of Decembe••, A.D. 1922, be exempt from the pay- ment of all Municipal Taxes to excess of the fixed sum of $160.00, providol that if In any your or years of said term the sums payable in respect of said property for school taxes or lo- cal improvement fates, or both, shall exceed said_sbmzof $1.50.00 then the full amount payable for school taxes mid local improvement rates shall be paid in full: 2. Tint from and out of said sum of $150.00 shall be paid in full all school taxes and local improvement rates with which said property is chargeable, if sufficient to pay same, and It not sufficient therefor the hot- n required to pay said school taxes and local Improvement rates ahall be levied upon said property: 3. That said bonus shall be given up- on and subject to the terms and con- ditions of said - proposal and agree- ment of said Company: 4 That should sadd property or any part of it cease to be used for the V'I said factory or ahouid not comply witthe ditions of saW proposalthinfa say year or (term In whleh such property or the part nsoi. shall be linbla furdinary taxation: 6. This by -law shall take effect on the day of the passing thereof, nub - ject to Its being stunted to by the electors. PASSED this...day of ... A D .1$23, Clerk Mayor NOTICE TAKE NOTICE that the fore -going Is a true copy of a pro p��ed by-law of the corporation of the Town of Kin- cardine to be submitted to the votes of the electors at the same time and at the same pieces as the annual el- ,.eyuar, newrning Vllicers ap. pointed to -hold the said election shall take the vote. AND THAT the 26th day of De. cember, 1922, at the Council Chamb. ere, Town Hall, at eleven o'clock in the forenoon has been fixed for the appointment of persons to attend as the Bumming po l aces, votes by the ae k AND THAT if the assent of the electors is obtained to the said propos- ed by -law it will be taken into con- sideration by the Municipal Council of the said Corporation at a meeting thereof to be held alter expiration of one month from date of the first pub- lication of this notice, and that such first publication was made on the 7th , day of December, 1922, TAKE NOTICE further that a ten- ant who desires to vote upm said pro- posed by -law must deliver to the Clerk net later than the tenth day before the date appointed for taking the vote a declaration under the Can- ada 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 to be raised by the proposed by-law Is pay - e6 s, or for at least twenty -one years and that he has by the lease covensnt- ; ed to pay ail munielpal taxes in re- spect of the property of which he is tenant other thm local impro cement rates JOHN H. SCOUGALL, Clerk. q5 a