HomeMy WebLinkAboutKIN1928-966 Sewer Debentures226
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A By -yaw to provide for borrowing $22,000. upon debentures to pay
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for the construction of a combined sever on wueen Street in the Town
of Kincardine from Durham street to the southerly limit of the Munio-
v��..ce,
ipal Hall,on Harbor -treot from wean Street to Huron Street and on
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Huron Terrace Street from Harbor street to the Penetangore River in
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the said Town*
to Construction By -Law slumber 930 on the
y7H RUA.3 pursuant
twonty -ninth day of October A.D.1926,a combined sewer has been con-
structed on Queen street in the Torn of Kincardine from Durham Street
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to the southerly limit of the Municipal Hall,on Harbor Street from
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Queen Street to Haron Terrace Street and on Huron Terrace Street from
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Harbor street to the Fenetangore river in the said Town,ae a legal
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improtement nnder the provisions of the local Improvements Act.
AIID uHi:t �iS the total coat of the work is , 22,600.00 of which
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512,575.00 is the Corporation's portion of the cost and 59,425.00 is
the owners' portion of the eost,for which a Special Assessment Boll
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has boon prepared and duly made and certified;
AI1D 1'H .t A3 the estimated lifetime of the work is twenty years;
ADD :.H;:i it is noaeesary to borrow the said sum of 522,000.00
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the of the Corporation and to issue debentures therefor
on credit
; bearing interest at the rate of Five per cent per annum which is the
amount of the debt intended to be created by this by -law;
AND ';, ;it AS it is expedient to make the principaa of the said debt
repayable in yearly sums during the period of twenty years,of such
amounts respectively that the aggregate amount payable for principal
p
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and interest in any year shall be equal as nearly as may be to the
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amount so payable for principal and intarest in each of the other
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years;
AND ',iu,ai59 it will be necessary to raise annually the sum of
'•51765.33 during the period of twenty years to pay the said yearly
sums of principal and interest as they become due,oP which 51009.00
1
is required to pay the Corporation's portion of the cost and the
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intarest thoreon and "756.33 is requirad to pay the owners' Fortson
of the cost and the interest theroonj
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F F r
_.. ANN
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(2)
AIM VZ3:CrAS the amount of the whole rateable proporty of the
Iduunicipality according to the last revised Asoesament loll is
, '1,072,367.00{
A1ID ; ;H LtAS the araount of the existing debenture debt of the
Corporation ( exclusive of Local Improvement debts secured by Special
rates of assessments) is 9 '132,777.71,and the Corporation has guaran-
teed the bonds of the Ontario 'goat Shore iiailway Company for the sum
of y50,000.00,and no part of the princippl or interest is in arrears.
THi:t:s?Oit:; T H.� ISMUCIFAL COUIICIL OF J COR202,1TION of the Town
of Kincardine enacts as follows; -
(1) That for the purpose aforesaid there shall be borrowed on the
credit of the Corporation at large,the sum of Twenty -two thousand
dollars #(022,000.00),and debentures shall be issued therefor in sume
of not less than Fifty dollars each,bearing interest at the rate of
Five per cent per annum and having Coupons attached thereto for pay-
ment of interest.
(2) The debentures shall all bear the same date and shall be issued
within two years after the day on which this by -law is passed and may
bear any date within such two years and shall be payable in twenty
annual instalments during the twenty years next after the time when
the same are issued and the rospectiiae amounts of principal and inter.
eat payable in each of such years shall be as follows; -
NULSB�it. F.tIRCIPAL. IAT3:3PO'P. TOTAL.
(1) $665.33 91100.00 $1765.33
2. 698.66 1066.67 1765.33
3. 733.53 1031.80 1765.33
4, 770.21 995.12 1765.33
5. 808.72 956.61 1765.33
6. 849.15 916.18 1765.33
71 891.61 873.72 1765.33
B. 936.19 829.14 1765.33
9. 983.CO 782.33 1765.33
10. 1932.15 733.18 1765.33
11. 1083.76 681.57 1765.33
12. 1137.95 627.38 1765.23
act
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corporation at t oe_:o tic:o and in the same mannor a -s other rates
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(3)
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I1U�33:2. FitIIIClii,h. IIIT:a ST• TOT.LL
�b70.49 x1766.33 j
13. ;1194.84
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1254.58 510.75 1765.33
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14.
1317.33 448.00 1765.33
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15.
1383.19 382.14 1765.33
Ator
16.
sa
1452.35 312.98 1766.33
17.
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18. 1624.96 240.37 1765.33
190 1601.20 164.13 1765.33
1681.27 84.06 1765933.
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(3) The debentures as to both principal and interest shall be express-
a,
ed in Canadian Currency and shall be payable at the Dank of Iiontreal
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at its branch in the Tovm of Kincardine.
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(4) The Mayor and Treasurer of the Corporation shall sign and issue
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r Treasurer of the Corporation shall It9mcimi
the debentures the
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s tsh sign the interest coupons and the debentures
he
shall be sealed with the Goal of the Corporation.
(5) During the twonty yeare,the currency of the debentures,the sum of
.1765.33 shall be raised annually for the payment of the debt and
interast,ae follows;- The sum of ;"1009.00 shall be raised anruelly
for the payment of the Corporation's portion of the cost and the inter-
est thereon and shall be levied and raised annually by a special rate
sufficient therefor,over and above all other rates,on all the ratoablo
the ;.:unieipality,at the same time and in the same Manner
ru.o.ty of
For the payment of the ovinere' portion of the cost and
as other rates.
the interest thoreon,the special assessment set forth in the said
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special assossment roll is hereby imposed upon the lands liable there-
for as thorain set forth;which said special assessment erith a sun
sufficient to cover intorest thereon at the rate afoTesaid,ohell be
it
in twenty equal annual instalments of Y756.33 eaeh,and for
payable
that purpose the special annual rates per foot fronte.,o set forth in
Schedule(l) hereto attached,are hereby imposed upon tho lots entered
in the said special assessment Toll,accordin, to the asseszod fronta,e
thoreof,ovar and above all other rates and t _:as,and tiro said special
rate:; shall be colloctcd annually by tho collector of tasas for the
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corporation at t oe_:o tic:o and in the same mannor a -s other rates
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(4)
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(G) The debentures may contain any clause providing for the regiatr-
ation thereof,authorized by any statute relating to 1funicipal Deben-
ta act
turea in force at the time , of the issue thereof. # ;
(7) The amount of the loan authorized by this by -law may be consolid-
ated with the amount of any loans authorized by other Local Improve- FYitor
1I sa
ment by- lawa,by including the same with such other loans in a consoli-
,v e
dating by -law authorizing the borrowing of the aggregate thereof as
one loan,and the issue of debentures for such loan in one consecutive
issue,pursuant to the provisions of the statute in that behalf.
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(8) This by -law shall take effect on the day of the final passing "is,
thereof. �.n
Fas 'ed this ?+" day of `'�" ' � '�, A. D.1928.'
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j SCH::L'uZ:: (1) A: ..�i TJ Di3;lITU:t; BY -L"`.1 I10. W
1 201I1 0? 1:1"1 C:.::'II! I.
ZOCI.I.
A`3S: �SLL:IIT 1927.
MAIII
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D. IIi
A111,UAL
AMTEL
OULMUT 1 ..
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Oi1I1.J DOT & 210. r 0''12AG::. st1T
AIST.
ATIOII. ALIT.
ATIOII.
ASTSIDi: IIT iiOII
2LI1::2A11GO4iL -iIV:Iu 1::2 S "
William Oriffith Pt.of 1 60 exem;)t.
It.of 1 53 .16 8.48 105.68
H.AiiBO:t S'1 T
i': ST SI,D' II'J:i0I1 T :.i -.a:C
Penetangore iiiver Intersacts and Cewer 3e -ins.
Dept.of Public ','forks of Can.10 113 .14 exemp"
Harbor Street Intersects.
SOUTH SID;: HJUBOii ST.
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of
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;the
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Huron Terrace Street Intersects.
;7illiam Griffith 1
56'
.16
8.96
111.67
Peter Mallum .t it C It 6 1 -7
56'
.16
8.96
111.67
Miss McCallum Ft C Pt 6 0
56
.16
8.96
111.67
2.00
25.00
Dr.J.ierguson Pt :,' it 60:7
56
.16
8.96
111.67
2000
25.00
7)M,E H.Hodgins Sd D of 5
80
.16
12.80
159.52
Val Cottrill J Pt 6
58
.16
9.28
115.65
2.00
25.00
Geo.lhitehead Pt 6
52
116
8.32
103.69
2.00
26.00
Murdock McNeil C Pt 6
12
.16
1.92
23.93
eioyal Bank of Can. 21 Pt.of Sd 2
60
.16
exempt
" " " it of 6
42
.16
6.72
83.75
2.00
25.00
Cueen Gtroat Intersacts.
NOiTH SID:; H_LOOit STii:iT.
Huron Terrace 2t.Intersect3.
John R.UcXay Sd A &Pt Sd B of 5
73
.16
11.68
145.56
2.00
25.00
James Malcolm Sd D of 4
72
.16
11.52
143.57
2.00
25.00
David Bell Jd C of 5
32
.16
5.12
63.61
2.00
25.00
I4rs.Jm.Brick 'u, 4 & 5
201
.16
33.12
412.76
2.00
25.00
D.T.Gladhill Pt 31 3 of 5
60
exempt
D.T.Gledhill Pt.Sd 3 of 5
90
.16
14.40
179.46
2.00
25.00
Queen St.Intorsoets.
IV::ST SID.i _I S'TL_-12-
Durham St.Intereects.
Mrs.Thos. "organ I! It of 10 72
.16
11.52
143 57
3.21
40.00
M.D.ISolhail C It of 10
116
.16
18.56
231.30
3.21
40.00
Donald 111cliennan 3 It of LO
30
.16
4.88
60482
3.21
40.00
Bon Moulton Sd 1&-2 of 10
63
.16
10.08
125.62
3.21
40.00
Vsyr+ tjz�x ks�Lair#axr_axRi<x3rYxkM:bftp E2
xk&
Arthur 3ogere Sd 3 of 10
35
.16
5.60
69.79
3.21
40.00
Ben Moulton II It Sd4 of10
33
16
5.26
65.80
3.21
40.00
Lfains & Potter C Pt 3d4 of10
52
16
8.3E
103.69
3.21
40.00
Alic Bissett C Pt 3d4 of 9
20
16
3.24
40.38
Alex Bisjett S ?t 3d4 of 9
20
16
3.20
39.88
3.21
40.00
I r Lambton Street Intersecto.
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LAMBTOI! ST.I <!'.i:i 3C TS.
E.LIaoEenzie
Pt 11 Pt 1
50
16
8.00
99.70
3.21
40.00
Northorn Light
! "Iry
50
16
8.00
99.70
3.21
40.00
D.J.3hewfelt
1 it 2
27
16
4.32
53.84
3.21
40.00
Alex Johnston
it C Pt 2
21
16
3.47
43.20
3.21
40.CO
Dr.Gumaer
11 it S It 2
32
16
5.12
63.81
3.21
40.00
3.A.Cottrill
S I't S Pt 2
16
16
2.65
33.07
3.21
40.00
d Dons
J 't 3
54
16
0.72
108.68
3.21
40.00
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F:?IYAT3 D.U1N4
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vq= SIDE UiE3I!
TAM '!
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TOU 3Ti� L.
IL'T:3:i5 -
Hugh Clark
D pt
I! pt 1
41
.16
6.67
83.08
3.21
40.00
j
Liznie Dinning
S pt
a pt I
4I
.I6
6.56
8I.75
3.2I
40.00
1tor
,
Iim. Watson
S pt
11 pt 2
4I -6"
IQ
6.65
82.75
I.7I
20.00
01asa
Ed. Forrester
9 pt
3 IT 2
JW1¢"
IG
6.0
Sit.W
I121
20.00
t
v
0. M. Thomson &
Co.L pt Llpt 3
4I'6"
76
6.65
62.75
3.21
40.00
Ed. Forrester
11 pt
S pt 3
22' *1"
16
3.57
44.54
3.21
40.00
Um. Young
apt
3 pt 3
18 -9
16
3.00
37.39
3.21
40.00
Eldon lVinklar
pt
I! pt 4
42
16
6.72
83.75
3.21
40.00
'
McLeod Estato
3d 4
of 12
26
16
4.16
51.04
3.21
40.00
E.A.Henry
It.31
2 of U.4
32
16
5.24
65.31
3.21
40.00
ts,
Ed.iIinker
Pt.Sd
2 of 5
14
16
2.24
27.94
3021
40.00
D.T.Gledhill
Sd 3
of 6
31
16
5.04
62.81
n
HAdB0i2
t,
re
itoyal Bank of C&W-I!
pt
sd2 of 6
31
16
5.04
62.81
`of
Llurdook MoNeil
3 pt
of 6
20
16
3.20
39.08
3.21
40.00
E. A.Hodgins
S pt
6 L: 7
93'9"
16
15.00
186.94
3.21
40.00
yet
tirs.John Lothend
L' pt
8
25
16
4100
49.85
3.21
40.00
it
'..H.L'orris
II pt
0
36
16
5.75
71.79
3.21
40.00
,i.'i.C1emants
S pt
8
21
16
3.44
42.87
3.21
40.00
,the
Barney Grossborg II pt
9
42
16
6.72
83.75
3.21
40.00
Frank Colwell
3 pt
9
41
16
6.56
81.75
3.21
40.00
iallace Perrin
I! pt
10
31
16
5.04
62.81
3.21
40.00�
u.J.T?orrioon
3 pt
10
57
16
9.12
113.66
3.21
40.00
Benjamin i'ialpole
A
87
16
13.92 173.48
3.21
40.00
�111mot Llahood )
I m.' ;Ialsh )
B
67
16
13.92
173.48
3.21
40.00
Town of Kine rdine
End of Sekror
100
exempt.
':AST SID.: 02 Q:.'' _. L':c .:T.
Durham 3'roet intarcocts.
.;ussell L Llarcus 11 pt
ad 1 ofll
43
16
6.88
85.75
3.21
40.00
Geo.;7hitehead
7d 1
of 11
42
16
6.83
05.08
3.21
40.00
:iallace Perrin
2
of 11
88
16
14.08
175.47
3.21
40.00
Chas.Sowers
Sd 4
of 11
22
16
3.60
4
1.61
20.00
E.AVI'almer
Sd 5
of 11
26
16
4.19
52.17
1.61
20.00
E.A.3parling
3d 1
of 11
54
16
8.64
107.68
3.21
40.00
Fred Bloor
Sd 2
of 11
42
16
6.72
83.75
3.21
40.00
0 Colwell
Sd 4
of 11
76
16
12.16 151.52
3.21
40.00
j
Robb L?ackenzie
3d 6
of 11
23
16
3.73
46.53
Chas.iilson
3d 6
of 11
24
16
3.95
49.19
3.21
40.00
;
LAMBTOI! ST.I <!'.i:i 3C TS.
E.LIaoEenzie
Pt 11 Pt 1
50
16
8.00
99.70
3.21
40.00
Northorn Light
Lodge C It 1
50
16
8.00
99.70
3.21
40.00
D.J.3hewfelt
1 it 2
27
16
4.32
53.84
3.21
40.00
Alex Johnston
it C Pt 2
21
16
3.47
43.20
3.21
40.CO
Dr.Gumaer
11 it S It 2
32
16
5.12
63.81
3.21
40.00
3.A.Cottrill
S I't S Pt 2
16
16
2.65
33.07
3.21
40.00
d Dons
J 't 3
54
16
0.72
108.68
3.21
40.00
N-t
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71•79
3•$/
1 10 -,T,6 _
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LAST 3ID14 QU:;.i11 STA.;:
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COIz?JT U1,1
ATIO1I. AIiT
1. T ' A11T
G 11ltiLl ;• LOT & 11 1J ;QLTtlG:S• i il,:+
public Lane Intersocts.
,7.biitchell It of 5 1.1107
J.H. Chapman IT I t II pt 4
�i.3.Anderson II It 4
;7.J.Honry pt C It 4
Llre.O.Campbell It S pt 4
Bank of Montreal II It 5
Clayton ?arley 3.d -pt 5
Wm. Griffith I t II It 6
J.B.Watson 6
E.Fox lit Sd A of 7
Thos.l.,CGaW zt Sd B of 7
Chas.11adPherson 7
Bruce 'Telephone Co. It of 1
Town of Kincardine' I•t of 1
Dom-of Canada p -0. It of 1
Town of 'nneardine.
End of "waor
9
10
.16
1.62
20.19
15'
016
2.40
29.94
16,5"
16
2.95
76.72
38
16
6.08
75.77
19
16
'.16
39.38
39
16
6.24
77.74
48
16
7.68
95.72
40
16
6.40
79.76
40
16
6.54
81.43
19
16
3.12
38.88
21
16
3.36
41.88
39
16
6.35
79.09
37
16
6.03
75.10
84
exempt.
100
16
16.00
199.40
exempt.
2.00
2.00
3.21
3.21
3.21
3.21
3.21
3.69
3.21
1.61
1.61
3.21
UU11J1 -
OI7.:UT
ATI01I.
24.00
24.00
40.00
40.00
40.00
40.00
40.00
46.00
40.00
20.00
20.00
40.00
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