HomeMy WebLinkAboutKIN1925-895 Tax LevyLP, la —flaw.) sth January 1927
RaNRomen . ONTARIO
ONTARIO MUNICIPAL BT -LAW
TOR CURRENT RXPSNDITURR
CONSOLIDATED MUNICIPAL ACT, 19 '
CONSOLIDATED 111USJCIPAL ACT 1022
BY -LAW No .........................
This later WRY Iw N),'DRaeas the taxe eve d or to be levi for the current ordinary expenditure of the Corporation of the
adopted to ifO•Id° 7ti. it t for the year 19 JA Yuve not been collected, and there is or
tat borrow�no to s ,/ /�•�/aa+' - a
meet the current
omiesrr able In respect o exit ^dl• will be a f such taxes a sum nulTicicnt to authorize the harrowing hereinafter ptavidnl o In
tun of ■ ^� out,- payable ration deems it necessary to borrow the sum of
gouty in aud W
n. _, %No NE As th until of the mid x1
S Z W i. "'at dollars to meet the now current ordinary expenditure of the
le said Co., oration, nd it is exi edient to Authorize the beer owing of the mid sum upon the ab oUm of Corporation;
the
( IHnsertamuuntof AND \' R A inary expenditure of the hlunicipxlity for he yrar ] II ,� /�J,��� a/� I limit
IS" year's onllnarY r ' �.�� -STD_ (j� (7 LS�'✓� f'y o "
expenditure ✓/ , /�bat• R
Y�//J� /y�,� 1na�A >ecn borrown Is nuw ou standing in rmpect of an oa•( to meet the
V ! _.. of the Coronation for the present year, except (2)
9
�V
:.
" rJ
I
(2) liege state other BE IT TRaaRPORE aniciim Coo
amounts It an n c�o( the Corporation o the
vw�v �•
, y as follows:
�fC�
alread farrowed. phieh
from whom. wit the Treasurer of the mid Cor 1 ll
t heceinalter Co h
and te
i 1. The (lead or far the t ime beiU•,
izal to borrow in one or more si as the Range play Ge required, m the I) i11 i 9
nk, an amount not exceeding in the Aggregate the saigl eum of
dol the Abeingthe amount whichtmmid ouncd ems necessary vi mtM th row
Ila
. current ordinary expenditure of the mid cor until such time as the taxes
or to be levied therefor can
be collected. pt
2The Head or the Acting Ilead of the acid Corporation, with the Treasurer aforesaid, shall have authority
to pay Zr o allow the mid bank interest on the said euma so borrowed at such rate or rata as may be from time to be
time agreed upon, which interest may be (flyable in advance, and ma coven a greements or o ther vouches of the I
borrowed, and may Alw if they see fit grant such promisarry notes,
Corporation as maybe required by the Bank to be given as security therefor, i
3. Any Promissory
Note or Notes. convenanis agreements, or other vouchers which may be eo gve ^• rttaY be
thereof and adhluly ` and delivered n thc d&a of the corp
d note or notes t a agreements. other ` tty
v hereof , shall obligate the Corporation to repay all or any said sums so to be bortowed, together with interest
j thereon as aforesaid, at such times as may be agreed upon.
I { •I. If the amounts to be paid by virtue Of an s such note or notes cowl nW, agreement or other vo u ch ers. M y
be Iexccuted as aforesaid behalf r the Corporation del n to the ISan bp interest, i any, way of renewal of the said
O bligations in whole or in part, and .hall obli6•ate the Corporation to repay the mine with f in ateordance
five terms. I ltur e s
with their respective yy
b. The Treasurer re tlic obligations d irected
ns of th to on b o m as aforesaid
may he necessary in payment �xes collected is
n Council this
Read a first, and third tjme, and passed in ope
day of � ��[-LL�' Y 1914 1 by
OS M R vr, oa atW ss the corporate Scal of the Corporation and the signatures of the (a)
k h f
i
1
i
w whet llad or and Cler t ereo.
Anlaa Heed at � A
Coawa. f 4° ' the
....!
'aty
asAL
......... ...............................
`
e ip n"Ihe Council of the A17ipicipol Corporation I B1 89
!t
j 1 �Law sled by it ha �fa�• day of
of the 10 a� '+
tt aa,r my ha %d Sh1td of the °ni C a`� 19 1 -
this IiJG �!'
.....
Sum
�........,. e
saw ' ' •• Cl.rk d
I �r
Noce. —No Promicwry ?ate or other undertaking to he slum i oat time to time larcunder WRY be car a feu sum than iaD
I f the
f the
9
of
i — -