HomeMy WebLinkAboutKIN1923-870 Borrowing $2,500 Debentures of the Ontario West Shore Electric RailwayP
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By -law lumber Bight hundred and of the Town of Binaardine
In the County of Bruae and Prohnas of Ontario,
for the purpose of borrowing the sum of Two Thousand bive Hundred
Dollars to most the interest on aertaln Debentures of the Ontario
best boors Bleotrio hallway guaranteed by the said Naniaipality of
tbe,Town of Kinaardins.
whereas the said Corporation of the Town of binpardine undvr the
authority of its lip -law duly passed guaranteed pertain of the Deben-
tures of the west boors Lleatria hallway ono ie now oalleu upon to
pay the interest thereon for wbiab no provision or levy has been made
And whereas it Is neaeeeary to borrow the money therefor until
snob time as the taxes for the year ltOL4 pan be oolleated.
be it therefor enacted and it is hereby enaated by too auniaipal
Counail of the Town of ltinaardine in Coanail assembled.
That it shall be lawful for the mayor and Treasurer of the said
Corporation of the Town of - inaaruine to borrow from any bank or.
person willing to lead the dame Snob a sum or eums of money as shall
be requiraii to most the interest due on said Debentures so guaranteed
and whiob intereut matures on the First day of hnmary 1924 end the
First day of July !924 snob amount to be borrowed not to exased
the sum of Twenty five hundred dollars.
The Mayor and Treasurer on behalf of the Corporation are hereby
authorised to exeauts snob promiaeopy note*- or notes as may be
required for snob purpose *no to nave Lou seal of the Corporation
atta4bed thereto soon note*- or notes to bear interest at the rat
bfst rate obtainable. 1:
A apsaial rate to most saah bmouat lad raise tna same Is hereby
levied on all the rateable property in the said uorporatiun liable
for the p4yoent thereof 0 nhiad rate shall be inearted in the
Oolleator a Roll of the said Toon of Kinaaraine for the year iy2M
and shall be oolleatea in the ebme manner ae othe. taxes and when
so polleateo anall be applied in paymdat of the amount so borrowed
as aforesaid. 46;
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Finally passed signeu and sablea�tbie day of
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Deoember d.b. 19S3 _
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