HomeMy WebLinkAboutKIN1930-1019 Construction Debenture for Queen St. sidewalk
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A BJ-1aw to pron4e for borrOWing 120'0.00 UPOn debenbz.. to ,;
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.&lID rarR!R1US tbe total. oon of tbe work 1. 120'0.00 Of 1rh1oh
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'n,s.}4 1. tile ,OOI'P,O raUOll~,.pmlo,. of 'ho oon ... '.)1:44 10 "..I",' 'lit;.,
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.liD I/HRR1U8 'he IIt1lll&1ie4 We ,,1lIlt Of "u work 1. hIlJe&l'~; ~":' . '\ i
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.Q]) JDlICN1U8 l1i 1. lIIoe.1&I7 to 1I0now,iu '&14 8WIl of 'IOJO.OO ' .~.....\
OIl 'he ol'eU' of the oorpOl'aUcm at&4. to laaue 41blJl1iure. therefor ~ .10'
; 'beAl'lq 1I1"re" ai the 1'&'" of flY. Plr oent plJ' AIt""'1ll 1rh101l 1. tbe
'. UlO1U1' Of the blat 1ahD414 to be orea"4 'bJ 'hi. 'bJ-law.
.AID JHl!!R1I46 11 1. eQ.dhnt to lIlIaQihe priDolpaJ. Of th. 1&14
4ebt 1"P&Jalll. 1a Jl&l'l1 I'QJq 4ur1zls 'ht "rl04 of 'Ill 1IAl'.. of GOJl
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MID JRRR~4S l' wUl be 1110181817 '0 1'&1.. --''''11 'he ftmof r.:;10'10
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BP.0181 rahl of a....8IlItnt) 1. tl'6.6'4,'1.an4 n. OOl'PO~aUOJl.I
suuanhl4 1;11.', bcm41 of lIhe OntAZ'10 w.n 8hor. RallnJ 00lllp1mJ for
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,WRUm 'HI MUBIOIPAL oOUlon of the OOl'Pora1i1cm of tb. towa
.t Unoard1n1 .D&Ob a. tollo..;..
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or.41t of the oOZ'PoraUon at 1&1'8' 1;11.. IlDIl of(t20JO.OO) two tboulG4
an4 Thin, do11&1'1 and d.bentur.. lIha11 be lllU.d th.r.fol' in IWIl8 ot
not 1..1 than t1ft, !ollan .aGh b'&I'1DI ~.r.n at the I'ah of fln
p.r OIn1l PII' .."nnm an4 ha"llns OOUpOlll att&Ohe4 tb.r.to for paJlIlIJlt of
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lnIt"'''''lItl 41U'lnI th. hn 1.ar. nlxt after the time RID the I&IIIt
ar. inu.4 an4 th. r'IIPIOU"'1 &IIlount. of IIrlnOlpa1 Ul4 inhrtn
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2. 16,.46 ".43 262.8,
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4. 186.8' 16.06 262.8,
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6. 20J.'S '6.11 262.8,
7. 216.28 4&.61 2'2~8,
8. 221.10 "." 262.8,
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10. 2,0.}8 12.;1 262.8,
CJ) Thl4tbenhrll &1 to both Pl'1nolpal and lnhrtlA BWl b. 'XP1"
lid in CanaUan Ourrenol and 1JhA1l bo pBJabl. at the BaDk of )lentn
at 1t. branoh in the 8&14 town of Xinoar41nl.
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.a14 Iplolal ra'.. ell"'ll .b. ooU.ohl 8,JIftnA"J 'bJ the DOU.O"OI" of
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(1) 'ht amount of the loan &u'ho:r11.4 bJ U.1. b1-1aw JIllQ b. ocm8011d..~ "..;.~1.'10
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a1it4 with ,~ Ulount of 6Q1 loan. 8uthoI'1..4 bJ other 100al 1mPI'OT.- ~~r
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one loau 8.J14 n. 18111. of 4.blnturu for noh loan 1n ODl eona.outin
1u1JU1~JlUI'IUlUlt to 1;he pl'OT1a1ou8 of tb. 81&1;ut8 1D that b.half. I
(8) 'h18 bJ-1aw shall tate Iffeat em the dill of th. r PASB1J1g .l
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