HomeMy WebLinkAboutKIN1932-1073 Borrowing funds for Curling Club Repairs
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A By-Law to borrow the sum of Five Thousand dollars to p&y the
Kinoardine Curling Club for repairs made to the building formerly
owned by The Hunter Bridge and Boiler Company.
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~HEREAS it is expedient to borrow~for the purpose of paying the
Kinoardine Ourling Club/the sum of Five Thousand dollars and that
is the amount 01' the debt intended to be oreated.
J.llD WHEREAS the amount of the whole rateable property of the Kun-
ioipality.aoeordin~ to the last revised asseasmsnt roll iB $1.212.;;;.
AND V~ the amount of the skakK debenture debt of the Oorpora-
tion (exolusive of looal improvement debts seoured by speoial rates of
assessment) is $276.;50.00 and the Corporation haB also guaranteed the
bondB of The West Shore Railway OOffiPany fer the sum of 1,0.000.OQ.and
no part of the prinoipa1 or interest is in arrears;
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BE IT THEREFORE EllACTED BY TEE l:\UUICIl'AL COm;CIL OF THE CORPORATION
OF THE TOWII OF l:IllCARDIllE AS FOLLO\'lS:.
(1) For the purpose mentioned in the preamble there shall be borrowed
on ne oredit of the Corporation the sum of Five ThouBand dollars and
debentures s1a11 be issued therefor on the instalment plan in B~S of
not lesB than 150.00 eaoh whioh shall have ooupons attaohed for the pay.
ment of interest at tte rate of five and one half per oent per annum.
(2) The debentures Bhal1. all bear the same date and shall be issued
within two years after the date on whioh this by-law iB paSBed and may bear
any date Wi thin suoh two years and Bhall be payable in ten annual inBtal-
menta during the tan years next after the date when they shall be issued
and the respeotive amountB payable in eaoh of suoh years Bhall be aB
B1
C,
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6.
~inoipal. Intersat.
;88.;4 275.00
409.70 25}.64
4;2.2; 2;1.11
456.00 207.;4
481.08 182.26
507.54 155.80
535.46 127.88
564.91 98.4;
59,.98 67.&6
628.76 ;4..58
~otal.
follows ;-
Ysar.
2.
66;.;4
66;.;4
66;. ;4
66;.;4
66;.34
663.34
663.34
663.;4
663.;4
663.;4
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p~ the
(;) Tho debontures aB to both prinoipal and interest shall be
exprused in Canadian Curreno~ and Bhall be pa~able at tho Bank of
Montreal at its branoh in the Town of Kinoardine.
(4) Tho debontures Bhall be signed and iBBued by the Ma~or of tho
Oorporation and shall be 80a10d with the Boal of tho Oorporation and
the dobentureB and intorest couponB shall be Bigned by the Treasurer
of the Oorporation.
(,) During the eurreno~ of the deblntureB there Bhall be raised
in each year the amount of the instalment of prinoipal and intereBt
pa~able in that year as set forth in Beetion two hereof.
(6) The debentureB may oontain any proviBion for tho regiBtration
of them authorized b~ law.
(1) ThiB by-law Bha11 tako effeot on the da~ of the passing thoreof,
subjeot to itB being assented to b~ a vote of the ratepa~ers of said
o orp oration.
~ormer1~
aying the
and that
of the Mun-
B $1,212,;;;.
the Oorpora-
cial ratos of
uaranteed the
o,oOO.OQ.and
HE CORPORATION
Lall be borrowed
Signed. Sealed and Finall~ ~aBsed thiB
da~ of Dooembar 19;2.
L dollars and
LIl in Bwr:B of
10d for the pa~-
Clerk.
Mayor.
1t per annum.
~hall be issued
9aSBOd and may boar
sn annual inBtal-
shall be issuod
Bhal1 be aB
Total.
66;.;4
66;.;4
66;. ;4
66;.;4
66;.34
66;.34
66;.34
66;.;4
66;.;4
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NOTIOE.
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TAKE liOTIOE that the above is a true oop~ of a proposed By-Law
of the Corporation of the Town of Kinoardine to be Bubmitted to the
votes of the eleotors at tl.e SIU.1e time and at the same plaoes as the Jl
annual eleotion for the ~unioipal Counoil and the Deputy Returning
Offioers appointed t~Old the said eleotion shall taj~ tha vote.
AllD that the 1.1 ....d~ ofAtJ1~ ,19:52,at VWia<llOlook
in the ft/~ ..noon at the Counoil Ohambers in the said Town haB
been fixed for the appointment of persons to attend at the polling
plaoes and at the final summing up of the votes by the Clerk.
AriD if the assent of the eleotors is obtained to the said proposed
by-law it v~ll be taken into oonsideration by the Oounoil of the said
Oorporation at a meeting thereof to be held after tbe expiration of
one month from tbe date of the first publioation of this notioe and
that suoh first publication was made on the I lIinth day of November
A.D.19:52.
TAKE llOTICE further that a tenant who desires to vote upon Buoh
proposed By-law must deliver to the Clerk not later than the tenth
day before the day appointed for taking the vote,a deolaration under
The Canada Evidenoe Aot that-Lbe is a tenant whoBe lease extendB for
the time for whioh the debt or liability is to be oreated or in whioh
the ffioney is to be raised by the proposed by-law 1s payable or for
at least JtN" years,and that he has by the lease oovenanted to
pay all municipal taxeB in respeot of the property cf which he iB
tenant,other than looal improvement rates.
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osed By-Law
mitted to the
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plaoes as the Jl
:ty Returning
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,e the vote.
~ia<l'Olook
lid ~own haB
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, the polling
, Clerk.
the said proposed
nail of the said
expiration of
his notioe and
day of November
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vote upon Buoh
,han the tenth
leolaration under
lase extendB for
~eated or in whioh
payable or for
ase oovenanted to
of whioh he iB
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