HomeMy WebLinkAboutKIN1932-1059 Granting a Fixed Assessment to The Circle Bar Knitting Co.
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BY-LAW No...IP..r1. __ of the Towh "0'( Kincrlrdi ne.
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A BY-LAW to. grant. a fixed assessment to The Cirole~Bar
Knitting Company Limited.
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\\ll~~REAS flie Circle-Ear Knitting Com~ny Limited operates in
the Town of Kincardine an induntryfor the r.ll\nUf1lcture of hosiery
~nd prppose~, to :er.,ot, ~? p.l1id :,own 0. Ibu~~~li.ng?? ,feet wide .by,
120 feet long for the JlUrpoaB of, spinning yarns.
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AND WH81t~Aa it'is provided by "The Bonus Limitation Aot 1924"
that by-laws may 'be passed by the Counoi1s'of local Munioipalities
for fixing the aSBessmont of the TlfOnerty of any 'Pllrty carrying on
or ~fopoBingto carryon within t.he !.lunioipality any mn.nufacturing
fnduatx7i exceJltinr, therefrom school taxes am local improverrent
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,AND WHEREAS. it is ex.pedient to grant 0. fixed asuessment to the
Baid Company for a period of ten years;
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BE 17 r~~REl?()H~ F~~ACTSD by thaCouncil of the Cornorntion of
the Town of Kincardine as follows:-
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I. For the purpooee mentionod in tha praarnble the following
property that is to aay:-, The Easterly parts of lots Four and
Five on the F~at aide of Queen Street and the Wooter1y parte of
lots Four. Fiva n.nd Six on the Wast Bide 0 f Prinoeso Street ~
cOmMencing 122 feet 7 inchuB Want of t,he. ~~aDtarly limit of aaid lot
Four lUx! runni~ Wast to thQ. 'VsDtorly limit of aaid lot nm
oor.:mencing 139 feot , inch.'s Weat of thQ. fustorly limits of orlid
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.lotS.Xi'IS/l)ld_3ix. a.rdt'lHln~~~ "fQ.llt to theWellterly Ur...it.B of Baid
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lots. .and the buildings now on or to be preaent1y erocted au the
Daid 1a.mia. the plantlllJd mfLOhinary. 1 neluding nsseesment for
busines8 tax. shall for a poriod of ten years beginning with the
IJ.aS8Bsment to be made in the year 1~32. be assoBBed for the Burn of
One ThOUSILm Dollars. provided that tho said fixed assessment shall
not apply to nor affect taxation for Bohoo1 purposes nor local
improv~ent ratos.
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2. ThBt the IInid fixed BOD13I1Smant shnl1 be grRnted upon and
811bj eot to the teI1l1s and condit iono of the said proTlOsn1 nnd
agreamant.
3. Thll.t this By-Law ohall apnly to the I:laid Company, ite
8uooesooro ~nd a8signs, and ohol1 come into forae and effeot the
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day orthe -passing thefoof I subject to ite being cllrrh\1:by I/o
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vote of-the electors.
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Signed, :leoleci and Fina.l1y Paseed thie 1..1
A. D. 1932.
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· day"of
C1 ark.
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