Loading...
HomeMy WebLinkAboutKIN1932-1077 Temporary Advances for Local Improvements ,~.;,..~- ---84: -~ -.~' , .....:-, -~.L41-1 '. ... ......" 141,14. \'i i..~--':-':-'. ~' . =---$.: :"- ;,tP-, ~r---li - ~ = i1. I : , --".. i .-i i i , , , ..,il ~ , ' /-- ..'..... t. I' ~I i .' ( , &.P. U 18th Deo. 1931. ONT. Municipal By-Law for Temporary Advancel under Locallmprovemont Act. 22lI2.'I f"It_ In CInada BY.LAW No.....,J.Qrl......," A BY-LAW authorizing the obtaining or temporary advances to meet the ooet or certain worka undertaken ae a local Improvement pending the completion thereof. f' ~ ~ WHEREAS the Municipal ,Council or the Corporetlon or the !olin or Qnoa1'd1De haa paleed Conltructlon By-law number '.r'JI.~ which la annuod hereto, authorizing the conatructlon of the works d..JRJa'(",W~T'~_ve';;f6~H"der the provisions of the Local Improvement Aot, the estlmatod COlt of which worka Ie $ 1000.00 AND WHEREAS It la doalrable to egree with a bank for temporary advances to meet the coat of the said worka pending the completion thereor. , ./ BE IT THEREFORE ENACTED by the said Council Ie follows: 1. The Hoad and Troaauror of the Corporation are horeby authorized to obtain from the Bank or Montreal temporary advances at a rate or ratoa not oxceedlng Six per cent per annum represented by a promluory note or promlaaory notos or by way or overdraft or otherwise not exceeding lliDe !l.'houa8D4 dollars to meet the coat of the Slid worka pending the completion thereof. ----------- 2. A promlasory note or notes or other vouchers, sealed with the Corporate Seal and elgned on behalf or the Corporation by the Head and Trealurer thoreor, ror the advancee lrom time to time obtained under the authority hereof and Inleroat thereon, may be given to the said Bank providing for the repayment or or repreeentlng the said advances with Interest thereon ee aforesaid. " . 3. The Treasurer of the Corporation I. hereby authorized and directed to apply first In payment or euch advances with Interest thereon Ie aforesaid III moneys borrowr on the credit of the Corporation to repay euch advancea and to dofray the cost of the said worka and all mone). rrom other sourcea properly applicable to the coat 01 the said worka. Paaaod by tho Slid Councillhls J'oarieenth day of 1932' o (Mayor or Roovo al the calO may be.) ) t I certify that the foregoing la a true copy 01 a By-law passed by the Council or the Municipal Corporation or the!own or X1nafd1ne on the J'gurteenth day of November 19:12 and that the paper-writing hereto annexed Is a truo copy of Construction By-la"Numbe,s 106'1-1058- 106~10'10 passed by the aaid Council on the Sixth day of September 19 32 . and By_Lan 1067-106' P....~:::~ 6~':~::O~'~~~~- ~J-Laws 106~10'10 passed Oot. 12, 1932 \ " -- 1 ~ ; .L~::___L_: ~~., '~--'_.---'-'------'--.- -----~ --~--",;-...,,-..........-.... .- ------ ----. ni~' , ,II, 1 . I' "','c,-,,,',,:Il',~,...,...:,,,,,"=J", . ... .,. -.-