HomeMy WebLinkAboutKIN1927-940 To Borrow $20,000 from the Bank of Montreal—__ —_,
I
i
t
t
# I
i
—•R�1
FORM NO. 797 RN,
ONTARIO MUNICIPAL DP•LAVr
41
,4-14d Jrj
j � �#Ww W" 0,
d0�Amw f lo,�d'0 �Bau
_�-... Via.-_ •-= 4 �. _.. ►
• - �. -� �__.a�_,�.•_ ---- -- ,fir .:____ __ ` / - - _.. - - '__ -
4 or
Ionnn
i v
.r•
the
rr
1 O �
1
a
F7 q d •
o 6
• C
p., ,h
.
o . O 11 / a
o Al
q
Goa+ rmf •
Q o7
I
M N 0 IsH N ry 0
p y �
`,
f341 ry i7 F
G
O O aY N
[ O
I: 00 +7 0 0 r) A
O
4i 0
C 0
O m 4 Wee'C
0 0
O 7
G .
r.
-pi r.
0O
it
oac
' a1 y
9 3 b
a p
7
K O 1•,
�� 0ki" 4E.
4
A" �0
Hr .m
s M 0 ei i
+
O [:.
d rvry. 0 j
q 1.
00 004-
N�
qI p 0 0 oN • q
au ra `•
Y
0 00p0
•nmW4
�0
0 Iwo
my wd g3
i X� GN 4r.
G
F
it
0p G Vq
r .
•ti Q
O
E
HC) p 0C
44
F
C
¢tH .
�.Ir
ma
me.
a 0AO
ijb
Id
O ooNi 4 C p��
4 ) 44D
R C I}. ii y: m
n
�
[
F
m
j � �#Ww W" 0,
d0�Amw f lo,�d'0 �Bau
_�-... Via.-_ •-= 4 �. _.. ►
• - �. -� �__.a�_,�.•_ ---- -- ,fir .:____ __ ` / - - _.. - - '__ -
4 or
Ionnn
i v
.r•
the
rr
I
r
i
1
i
1
I
r -'i
L ,
LJ
I -._I
FORM NO. 797 Rev.
ONTARIO MUNICIPAL BY -LAW
FOR CURRENT EXPENDITURE, ,.
CONSOLIDATED MVNICIPAL ACT, 1922, '
BYLAW No... fill .......... he a dd o ned u, iwovid rex WHEREAS the taxes levied or to be levied for the current ordinary exp of the Corporation of the
Jay borrownt to [K
mat the eurrent 1 of i for the year 19 have not been collected, and there is at
ordinary esIvend 0
taro of an mumel, will be (soya do in resptc u - 1 u xes a sufficient to authorize tll9 borrowing hereinafter providt¢ „/
yaltty In °mile' , rnR�the �auncil of the Said Corporation ticetns it necessary to borrow the sum or /G(s
OL dollars to meet the now current ordinary expenditure of the
raid Corporation, and it is expalient to authorize tlm borrowing of the said sum u he credit c he Corporation;
("term onjill u( ANO \\ s the ordi
' " "`at na c -nditt re of to nicipality f t r was the sw ( ot 1 )
''a. "''Fifty one %hoaeonc� 110 �1ang Id reX e.nd r �i € year / torars.
exwaduure'
AND WHEREAS no num has been borrowed or Is now outstanding in respect of any borrow 1 ing to meet the
current ordinary expenditure of the Corporation for the present year, except (2)
(2) Hero elate other DE IT TIMRRFORa ENACTED by the Municipal Council Of the Corporation of the T OSSn of
amounts, It any, -
already a,
an whom. as follows:
d from whom. AtPAftV4
I. r I Ic Or the time bein •, with the Treasurer of the said Corporation is hereby author.
izkd l0 borrow ow in one or more tuna, as the Same ntoy e required, frpm the la 1 en , hereinafter the
Book, an amount not exceeding In the aggregate the said sum of— h�%MJ.7/
dollars, being the amount which t u un dee to meet a now
current ordinary expenditure of the said Corporation until such time as the taxes evitd or to be evied therefor can
be collected,
2. The }lead or the Acting (lead of the said Corporation, with the Treasurer aforesaid, shall have authority
to pay or allow the said hank interest on the said hunts So borrowed at such rate or rates as may be from time to
time agreed upon, which interest may be payable hl advance, and may be deducted from the amounts so to be
borrowed, and may alw if they see fit grant such promissory notes, covenants, agreements or other vouchers of the
Corporation as may to required by the Bank to be given as security therefor.
3. Any Promissory Note or Notes, convenants, agreements, or othervouchens which may be so given, may be
we with the Corporate Seal, and signed on behalf of the Corporation by the Head or Acting }lead and Treasurer
thereof, and duly executed and delivered to the Bank, and said note or notes, covenants, agreements, or other
vouchers,' od, obligate the Corporation to repay all or any of the said sums so to be borrowed, together with interest
thereon as aforesaid, at such times as may he agreed upon.
4. If the amounts to be paid by virtue of any such note or notes, covenants, agreements or other vouchers
shall not have been fully paid at maturity, any further note or notes, covenants, agreements or othervouchen, may
be executed as aforesaid on behalf of the Corporation and delivered to the (tank by way of renewal of the said
obligations in whole or in lxart,and shall oblique the Corporation to repay the same with interest, if any, in accordance
with their respective terms.
S. The Treasurer is hereby authorized and directed to apply an much of the said taxes so to be collected as
may be necessary in payment of the obligations of the Corporation created as aforesaid.
Read a first, second and third time, and passed In open Council this Tent
day of 19
(a) Aleyor r Hn•ve, Jenan
or othe head ar 219 leftntes the corporafAcal of the Corporation and the signatures of the (3)
Actlna Head of and Clerk thereof.
Council.
..... l.......,.,
.. ...............................
Clerk.
f
4
aEAt
4 IVR&o Pd Corporation at TonLh
dannarp, '. da of Kincardine
Tenth Jannary Y.7
se
........................................... ...............................
Clerk
i
Nolx. —No 1'romirsory Note or abler undermking to be given f om time to time hereunder may be fora lea mm than Sao
7 Ctdtfp that the foregoing is a true copy of a By-Law passed by the Council of the Municipal Corporation
of the on the day of
I
jl
I ty
i
is
4'
I ` A
I `
4,
.�I
l: