HomeMy WebLinkAboutKIN1926-937 Loan for Debenture of West Shore Electric Railwayr
I
E
l
ti
N
r]
I
i
J4, &
I
FORM No. 727 Ray.
..�- .....�....., �..��R..,- r -�-�.. "T_ �► 199
• r
31 ro. 93/
Byelaw finnbor line Hundred and 93 7 of the Tote of P.inaardles,
in the County of Braas and Provinao of Ontario.
For the par @ ose of borrowing the enm of Two Thousand Five
iinndrad Dollars ( °2500. to meet the interest on'sortain do-
bo of the
Sh gasrsntea0
Phereas the Corporation of the enid'• Town of F.Lasardine
under the anthorttp of its by-law duly passed guaranteed aere
tain of debonturee of the Ontario t'eot Shore Eleatria Rhilway
and is now aalled upon to pa; the interest thereon . for which
no provision ar levy ham been mcde.
And ahereaeit in neaeseary to borrow the honey there.:or.
Until Rnah times ae the taxee for the year 1926 aen be sole
leatod.
Be it therefore ensated end it is hnreb; ensated b; the
runiaipal (Innnail of the To wn Of kinadldine. in council Be-
enabled.'
That it shall. be lawful for the Mayor and Treasurer of
the erid Rorparst of the Town of Kiaserdine to borron from
an; bank or person willing to lend the same Ruah a sum.-or-
ones of money as shall be required to meet the interest due
on said debantnree so gnerenteeed end th July.
on the First day of January.
I9261. suah amount to be borroeed not to exaeed the sues of
Two Thousand Five Hundred Dollars.
The xagor and Treasurer on behalf o.° the Corporation are
hereby authorized to exesuts enah promissory note or notes
as me$ be regFired for enah, purposes and to have the seal Of
the Corporation attached h✓ereto. such note or notes to bear
interest at the rate of,4 per acnt.
A epeainl rata to meet enah amount sad raise the .same ie
hereby levied �on all the reMcctlthereot
f.vihln t
hrate ' l be
poration .._able for the pay
inserted in the Collootor's Roll 0f th said Town of Fine
aardine for the year I926. and shall be aolleated in the came
la pa'mantoof s E forenc�dl be applied
1
I€
I S ±enod, eealod and finally pseeed this
Deaembnr. 193.5.
I nxn Glart.
S
I