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HomeMy WebLinkAboutKIN1928-982 To authorize the construction of an asphalt pavementC i iJ 'v _ , - ,� BY -LAV Ito. t A By -Law to nouthorise the oonstraotion of an asphalt pavement on Lambt street from Huron Terrace 3treot to Princess Street and on the north side of Durham Harket Square from Princess Street to wueen Street as a Local Improvement under the provisions of The Local Improvement Aot. WHiutW O.L.King,Earl Avoryand others have petitioned the Odunoil of the Corporation of the Town of Xincardins to construct as a Local Improvement,an asphalt pavement thirty feet in width with curb and'gutter,on Lambton Street from Huron Terrace Street to Prinaeas Street= AND W1122 AS R.J.Stewart�Hngh the eaid' C uno to onstruot,asa ment� in width north aide o Durham 11arket Square St t i Clark and others have petitioned Loos Im�ment as 1 pave - the from Princess Street to Queen 'i r t �I i E Is at �C � I i AND WRLULUS the Clerk of tide said Corporation has certified i that each of the said petitions to sufficient and it is expedient to grant the prayer of each of said petitions in the manner hereinafter ir provided= THytiLIFOtis; THE MIOIPAL 00=11 OF ME COaOiiATION OF THE TOWN f OF KINC.LaDINS AUACT3 AS YOLLOW3;- (1) That'an asphalt pavement thirty feet in width with curb and gutter S0 be constructed 'on Lambton street from Huron Terrace Street to Princess )n Street and that'an asphalt pavement feet in width it /;�,f., �1 be o on the north aide of Durham tfarket Square A from Prinoosa Street to queen Street as a local improvement under the provisions of The Lo I ov ant Act. (E) That the Engineer of the Corporation, F a ,do forth - with make such plane,profiles and speoifications and furnish Such 1- information as may be necessary for the making of a contract for the execution of the work. ve- (3) The work shall be carried on and executed under the euporintond- once and according to the directions and ordors of ouch engineer. J (4) Trio Unyor and Clerk are authorised to cause a contract for the ( Construction of the work to be made and enteved into with some person or persone.firm or Corporation.eubJeot to the approval of the Council to be declared by resolution. (8) The Treasurer may (subject to the approval of the Council) agree with any bakk or person for temporary advances of money to meet the cost of the work pending the completion of it. (6) The special Assessment Shall be paid by twenty annual inetalments. i (7) Twenty -five per cent of the cost of construction of said pavement shall be paid by the Corporation at large and seventy -five per cent thereof shall be psi& by the ratepayers whose property abate upon the work to be construoted.thie by -law being passed by a vote of three - fourth@ of all the members of the Council. (8) The debentures to be issued for the loan to be effected to pay for the cost of the work when oompleted.ehall bear interest at five per vent per annum and shall be payable within twenty years on the instalment plan.and in settling the sum to be raised annually to pay the debt rate of interest on investments shall not be estimated at more than four per cent per annum. (9) Any Person whose lot is specially asseeoed may oommute for a pay.. ment in cash the special rates imposed therson.by paying the portion of the cost of construction aseessed upon each lot.without the inter- est forthwith after the Special Assessment Roll has been certified by the Clerk at any time thereafter by the payment of such sum as when invested at four per cent per annum will provide an annuity sufficient to pay the epeoisl rates for the unexpired portion of the term as they full due. IV 8igned and Finally Paesed this � day of Bovember A.D.1928. Ar e ayore l� 'E K 1 O m b � o m w e Ct. N p w o p a N h m W N o m C++ p 0 ro N p H M C M m 97 O c+ 0 K s+ M p m I � 9 i l g H , i O q II m • 1 J �' gi m. d4v 2) 43 ri it