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HomeMy WebLinkAboutKIN1932-1073 Borrowing funds for Curling Club Repairs 1 1, I \ \' ~ ! ~ a " , , I, ,,' :BY-LAW llq. 4. .~ )~,1., ~- &:~ [ . -...j r. " ! ~':.t.. J '-~ -- I,~) ", '~., ,r ..-.... \ 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. eX' Mo ,\ ~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; 00 tb of iI p' oj 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, ,. 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 = 1. ;. 4. 7. 8. 9. 10. _ :~-=~~:_~;,.=~~~~~~._:~~~~~~:-:_~'~~~-l_',_~-:'r_-~~:_,_ :~_::~~- '~~~~~~:=;"__~ __,....,_.=c~~-'''"'~~~~- - . :~ J I,~) ", '~., ,r .' ..-.... 1- pago.2. 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 66;.;4 = ~c__<:: ~. c_=~.~::;"~ __,....,_.=c~~ -' ,,",o.;.~-'-"._ . - -:(--- ----,-----" t.:d"' I : ; 1. i I .I I; <. 'v, .~ ,... . J I'" " I . : i , ' NOTIOE. ~ I I 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. ., 111$~ Olerk. II , I -;'''i"---;..:~:Cl - ~...- -_.. " fa E-i ~ ~ o H ~ o fJ o o . .t~ . I \\~ " I ........-- ----.'.-.-.. t; " ~n I'l I .....' ".;", __'-:,:'M~~:;:f';'-~-ioo-':':'......';' -,.\ 'v, ~ . -.~------- . . , ,:" I ' , g " ... . . --- --- ...---=----~ -'- "'."'''' ~.~~:":. ~:?:'/~. R'_ "_,"W, " - -. .-_~_:~:;: -==:~':.f:i2.:~:~~~~:~~~:~-~ .; . .~ In1/'~11/ 1J" ~'__ ' ,~ __~Jt1tJ. PLJll..--L .~~ifitJ~~ ..\1\ T J., ~--", ~~,/ "'~--- "j "\1' \, \ 11If~ ~ d" j. \.-. ii, :" -11. -1--. , I I I ;, ,; I i-Ll' i II I 1, ! I' ' I I I , I ._.-l. _j I I i i I I I i 1 i 1 i" I - -' ~-~--- ... .-- --.---, - .--._..~ -. '. osed By-Law mitted to the , I ';'''i"---:..:::Cl plaoes as the Jl :ty Returning --...----. ,e the vote. ~ia<l'Olook lid ~own haB " , the polling , Clerk. the said proposed nail of the said expiration of his notioe and day of November . fa m ~ ~ ~ 0 o :<:l H t;1 ~ ~ o fJ S o 0 o ~ 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 w~ " ,t. 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