HomeMy WebLinkAboutKIN1926-936 Granting a bonus by way of fixed assessment to the Kincardine Pork Packing Co._.A..
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BY -LA" i 30.4gi-
For granting a bonus by way of a fixed annonomont to The
Kincardine Pork Packing Company-
P1HZ"' 3 the Corporation of the Town of Y.inoardine did by by
law number 385,paesod the 8th day of January A- D.I923,grant to Cole
man b Go- exemption from all Municipal taxes in excess of the fixed
sum of One hundred and ;fifty dollars in connection with the lands
and promises used by the said Company in carrying on its business
of pork- packing.which lands and promisee are more particularly set
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out and deooribed hereafter.
AND 17H AU 3 39A* cLelland and others propose to carry on the
said business under the firm name and style of;- "The Kincardine
Tork .:coking Company."
AND L" ;r ` 3 it is expedient in the lntsreote of the Uunioipal-
ity to grant the bonus hereinafter mentioned for the promotion
of manufacturing in the said Mmicipglity.
AND s it is provided by "TheBanus Limitation Act,IU24,
I4 Geo- Y,Chap.56,8eo.4 that by -laws may be passed by the Councils
of local municipalities for fixing the assosament of the property
of any person carrying on or proposing to carry on within the
municipality any manufacturing business.
M IT Tlii�t_2Oat; ialACTZD by the Council of the Corporation of
the Town of Kinoardine as follows; -
I. For the purposoa mentioned in the preamble the following prop.
orty. that is 'to say;- " Lot Number Light on the South aide of
Durham Mar1:W Square in the said Town of Y.incardine,and tho build-
ings thereon and the plant and ciaohinory and stock used in oarryLng
on said business.and said business," shall for a period of ten yoare
from the Met day of D000mbor A.D.I526,bs asnonaed for the Sum of
I v� provided that said fixed asseesmont shall not apply to
nor affect taxation for school purponce or local improvements.
i ' 2. Mat the said bonus shall bo given upon the conditions that the
said company shall omploy not leas than twelve employees and pay
out at least twolve thousand dollars such your in wagon fo its
om?loyeos.
Z. That should said property or a.V any !.art.thoj•oof cease to be
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luaed for the purposes of oaid factory or plant,or should said
Company not comply with the terms and conditions hereinbefore
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;referred to,then in any year or years or said term in which the
same occure, said property or the part thereof not used as aforesaid
',shall be liable for the full ordinary taxation.
4. That this by -law ohall come into force and effect the day of
!the pauuIng thereof,et0ject to its being carried by a vote of the
elootora.
1 this '
y of January A.D.I927.
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