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HomeMy WebLinkAboutKIN1932-1051 Authorizing Head of Treasury to borrow money for schools .._..",...,..~..~- J... ---....--.~- .-...... .w..-...-..--""'"'_....---~~-j- ,.. ",..,:""'"" : '52; I, ;\ ; ./. . I 1/ t 1 , .., , .1 " , " ~ j , .,l L ~ ~ ; ~- j" ; j~ jl ,., 'i .... ~~ I; '1 ii " ;j !l ,,- if . ji lL . '4__~~-'-:- ,. ....~':.--. -- ~ P" .'. n~_. 1.___ , - , - L.F.lO Rev. 16th Deo. 1931 Onto Municipal Sy,law for Curr.nt Ordinary Expondltur. and HIiIII' ~1"\Jbllc School Purpo.os lI2t2S Pnnlod In_ - - L.... _, -'"-"-r'---- i --+. , , SY-LAW No,........J.Q,fI,;J"..........,., A SY.LAW 10 aulhorlzo Ih. Head and T....urer 01 Ihe Corporation 01 Ih. TO\'lll of K1naurd1ne to borrow certain aums to m.ollh. curr.nl ordinary ..p.ndllure of Ih. Corporation, and Iho .uma roqulr.d to be rala.d In Ih. currenl year lor High School and Public School purpo.oa, , . ---+-..--1----___. i WHEREAS Ih. Council of Iho Corporation d..malt nece.aary 10 borrow th. aum of Thirty:i'1 vo Tho\ls- und doltara 10 m.ollho curr.nl ordinary ..pondltur. of tho Corporation. and Ihe auma r.qulr.d 10 bo ral.od In Iho curronl yoar for High School and Public School purposea unllllhela..a are collected; AND WHEREAS Iho amounl herotofore borrowed by lh. Corporallon and outatandlng (If any) for the pur- po.oa aforesaid log.lhor wllh the amounl h.r.by aulhorlzod to bo borrow.d dOlI nol exco.d the amounl which may bo lawfully borrowod undor S.cllon 334 of Iho Munl.lpal A.t. Chaplor 233 Rovlsed Statuloa of Ontario. 1927. and Amondlng Acta, BE IT THEREFORE ENACTED by Iho eald Coun.1I aa followa: 1. Tho Hoad and Troa.uror ollho Corporation aro h.reby aulhorlzed 10 borrow In one or more auma. by pro- mlaaory noto. by way of overdraft or olherwla. end alauch rat. or rates of Inter..1 II Ih.y may approva. from Ih. Bank of Monlroal, horelnaft~r ~d tho Sank.lhesum of Th 1 rty Fi vo Thousand - 00/100 dolla..lo moollh. curront ordinary e.pondilureof Iho Corporallon. and tho auma roqulrod 10 bo rala.d In Ih. curronl yoar for High School and Publlo School purpos.. untlllhe Ia... are collectod, 2. A promlasory nolo or nolea or othor vou.h.... aealod wllh Iho Corporate Soal and algn.d on behalf of the Corporalion by Iho H.ad and Tro..ur.r Ihoreof. for Iho amounla from tlmo 10 tlmo borrowod und.r Ih. aulhorlty horoof and Inloroallhoroon may bo glv.n 10 Iho Bank from time 10 tlm. providing for Ihe ropaym.nl of or repr..onl. Ing th. auina so to bo borrowod wilh Inloroal thoroon aa aforesaid. 3, Tho Troaauror la horoby authorlzod and dlrectod 10 apply In paymenlof Ih. mon.y borrowed II aforesaid, logether with Inlerosllhoroon, all of tho monoya now or hor.aft.r coll..lod or rocolved on account or realized In ro.poct of tho laxes lovlod for Iho curronl yoar and provlau. yeare and all of th. monoy. colloctad or rocelvad from oth.r lOurces. whi.h may lawfully be appllod for .uch purpose. 4, AI aecurity for th. said monoy borrow.d a. aforesaid. togolhor with inlorest Ihoroon, all of th.Ia..alovled or 10 bo lovlod for Iho curronl year ond provloua yoa.. and all of the rovanu. of Ih. Corporation from othor source., whl.h may lawfully be .hargod and asslgnod for auch purpoae. aro horoby chargod and asslgnod 10 Ihe Bank, 5, Th. Hoad and T r.a.urer of the Corporallon are h.reby aulhorlzed to e.ecute on behalf of th. Corporation und.r the Corporel. Soal and dollver to Ihe Bank u aecurlty for the said money borrowed u afo....ld. togeth.r wllh Intere.1 thoroon. an aulgnmonl and hypolhecatlon to th. Sank of the Iaxea and revenue abova charged and aaalgned. ~_.--...- " j' ; f I' .,"__-t- , , ,. j , -,.1' ._~ ~ ~ ~, , .~ i ~Nnt:' ,O~~~~ CIort<. I certify Ihat th. forogolng I. alruo copy 01 a By-law paaaed by Iho Council of Iho Munl.lpal Corporellon of the Torm of ranollrd1no on tho l Paued by Iho said Coun.illhl. o (Mayor. Roovo or Ward.n .ath. cas. may be). w V 2Znr.1 day of J:un~/ltluii~_ C1.d.. i ~_.~~._---- ----.-----.--., ..-~Ii,- .. . , , ! ..'-1.____ --~.~~ I . I f- I i 1- ~ ~.- , 1 ;.~--- --t-'i-~:':':-4- ! I' ..., , . ; I I : I ---t-.. ..-._-. - ,.-- -+- ~---.-. I' :. r I I I r:'T -1,1,'-" " " ! i ~--1 I l' -t '-!' i i i I \ I r i ...... ---+_..~ --+----+---..- .- ! : - 1 j . i 'i 1 '1--' I ; ! . .1-___ , i , I , I u..________~__.j-..;_ I , ! : 1 ! 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B.; .. c .~ e=".8~ j; - ~ 0 Q. ... _ u ...- .. 8 .. :l'~ - ....... ~ Q D 0 - 4) G 5 ~ w c ~ E'" 3,g i:l .. 5 :5G!!~CQ a ... '8 '0 .:8..:c; " . :! e is :g= " E '0" z:I: ~ I- o Z e :s .~ ~ .;;; .!l -5 :c ~ .______6.;:_ -----..-----.--'---"'"- ......'.......A~.."Mh BY-LAW Authorizing the Borrowing of $.Jl;!?.(Jt'!..!.."....~.................., For Curront Ordinary expenditure and High and Public School Purposes for 193.,~ BY.LAW No./.I:l..f'.1 MUNICIPAL CORPORATIOrr.-- OF - , J '\ I i : '"-..--.~:-;..-=~_. I 1 j ! ., i i I j i -.---, j "j I ---I.-~ , .. ----.---t-'~ r. -- ~ c'f' ~. . -~-..- ! . , " -,- , i I 1 ~ ~ , , --..... ~. I ~ i i .' , s8 I ,~..;?,1o:.......,.n L ,. II (Rw. 16th Oea., 1m) TI I _---0_._________. -.-- i I I , ! .,..----:... , LL-. \ ! . -~-------------.. I ' i - +----- - i I i n- , , I i I i I ! ;.-! 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