HomeMy WebLinkAboutKIN1928-982 To authorize the construction of an asphalt pavementC
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BY -LAV Ito.
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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
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Clark and others have petitioned
Loos Im�ment as 1 pave -
the
from Princess Street to Queen
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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.
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(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
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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.
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(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.
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