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HomeMy WebLinkAboutKIN 42-1355 Public Arena " ,\ I ~/t ',~!J .f~~ I' '\ ~ . - L---_".i I . b....i'- r-r b , -- -".-.-- ..'---" -----.----- .--- ...--------..----.---...-------.....------ > -- . -' .-~---_.. .-.~ ...-. I II II " .' .. . ..-. - ". 1 "-'If" ~ 07-"--," 11' __.__u ---.' ,~---.-~,+I----,~,-,~ I \, r " t I ' __ ,...__' ..,____...,'---... ..__-..........--+- \_ ,-....l \ \1 Ii \:i \1 ..~ __. __ ._.__._:._.~..__.\~_I.- -. -~ __on ---i" : i:, ,I t \' ---- ---...." -- . i", ,;; ) --------" l I , (:f/, I ' o ,. /. " \J \ CORPORATIOR or THE '1'00 or ltINO.AllDINS. O' \ \ A Bf-LeW tar the pUrpOlle of ra111ing ,18.000.00 to pay tor the COBt of bu1lding a Publio Arena. " ~1 . i 1 ; 11111#1111111111111111111111##11111 ~.~ . ..,".. BY-:LAW NO. 1'5~. ; , 111111111111111111111111#11111##1## ; ,-., \'~ , ~ I '!,; r,~ ;[ ~ ;' ....\ ,. .. ; :. L. LAllON'r. SoUoUor. KIHOAHDINE. ont. I TT f -t-. !- \ : IT \ : \ \ , \ , ,- - ~ . ~1'1 . 1- , , , l, 'J ~ -1= ~ , - 4,',::' 'i~f' .t~~" ~.-.",..'. .;;,' . .. ~, 1. ,,' WI ~ ::= ~. ,"~.-...,;;:..~.-.~_.;....__.,.. . ~:::'~t_:.:~~:_~:- '--"':2'::~~2' ~--~.~~~~.~.~";- .~'~'. -'-~"- _-.-=-~_-~:.'" ":'::::"'-:-. r.-- , ~~ ,\ .-----..----.---...-------.....------ ",. , \ t,----- '.1111' --,,' _,~_,c-"'-\."-"_++"ll'OO'" -t" Ii,. ~ 1\ : \: : 'I __ __ _ _-+- --4. ----.-~' \, r Ii __--1.-+ \- '-iT I II : \ \\"_ _. _~__m_ ~~ -~,,'-"~' .--.l.,.,-r' ....,. -' .'" 'I I - :, '\:,' " 't \'; lOR or TBI ltINO.AllDINS. the pUrpOee of ) to pay tor the l Publio Arena. r/lllllillll##lllll NO. 1'5~. #1/1/111#1/111##1## J. L. LAllON'r. BolioUor. KIHOAHDINE. ant. I TT f -t-. !- \ : IT I ' . ~1'1 . 1- , , , .. i . ! : i ! " - 4 .. ',::' ,i~; "t\ ~:".-.",....." . ' . ., - ..--.. -.- -. .,......- ... --,._--- - -.._, ...-- --..~_.- ,;..."...i-..~~-,~-.'.___ '::;;=:~ii ;':'~' ~~':::-~---:-~:-.C""_ \( " " OORPORATION 0., 'mE TONH or lUWABDINI B1-I,aw Ho. 1'''.' A B1-Law autbol'idng the borrowing of IIGHTIEH THOUSAND '.18,000.00) DOLLARS upon debenture a tor tile po.rpoae at building a Publio Arena In the Town at Kinoardine. WHIRllAS 1 t il expe41ent to borrow tar the purpou ot bull41nB a Publio Arena in the Town of Kinoardine a B1IIII not exoeed- lng IIGRTDR THOUSAND '.18,000.00) DOLLARS upon the oredi t at the oorporation. to lleue debenture a thereto~ bearll18 interelt at the :rat. ot four (41-) per oents per anne payable annual11 end to provide tor the UIOOunt end expeneel inoidental to negotiation and Bale of 8uoh debenturel' AND WHEREAS lt i8 expedient to make the prlnoipal of the Bald debt repayable ln annual inatalment8 durlng the perlo4 at titteen (1') yeare Dext after the date ot iBlue at such debenturel. ot noh _Gantl re.;peoU,..lT that, wUh the 1JItereet in rel;peot ot ~ the debt. the aSgresatl lUII01Ult pllf8bll tor pri1lO11H11" an4 aur..' as ln eaoh rear Ihall be, III near11/poB8ible. the 181111' I1lb~eot to the otatutorr prov18o that eaoh in8talment at prinolpal me1 be tor an even .100.00, .SOO.OO, or .1,000.00, or multiple thereot, and, that nowi thatan4ins all1thlng herein oontained, the annual lDa talmenta of prinolpal and intereBt ma1 ditter in 8Illount IIlttioienU1 to admit thereat, AND ITHmAB the alllO~t ot the wbole rateable property at the muniolpa11t1. aooording to, the la,t rev18e4 aBBllsment roll thereot i8 .1.1,4,078.00. AND WHEBE.A8 the amount at the existing debenture debt ot the Oorporation. exoluBlvl ot looal 1mprovement debtee 8eourell b1 Bpeoial ratea ot aOBeB8Illente. 18 .78.170.~O, aDd no pert ot the prinoipal or interest at 8uoh debt 10 1n arrear, . f," If) .~ 'J . , !.:. t.::.' [; , J' , '1'/ , :~ V \ . , " i- ., " .,. I: ! f ! , ! ' ;\ I l (' ~ : I T , : , -. - 2 - AND VlHlREAB by Order dated the Ileventh 4&1 ot June 1942 the Ontario Uaniolpal Board haG approved the purpose ot the said borrowine and the pasdng at aU requle1 te by-laU, 11101udlns debenture by-law., THEREFORE the Coa.noll or the oorporation ot the Town ot Kim ardine exaots a s follows J 1. Jor the purpose atoresaid the oorporation ehall borrow upon the oreU t of the corporation 8 SWII not axoecUng KIGBTm THOUSAND DOLLARS ($18,000,00) and lhall l1eu8 debenture I theretor ln aWIII ot not lele than tSO.OO eaoh. Eaoh debenture shall bear lnterest at the rate at tour (41-) per oentl1lll per annUlll pa1flble lUlIluUy and lhall have oouponl attaohe4'thereto tor the p81ment ot Buoh intereat. 2. All the debenture a shall bear the ssme date, ahall be issued at one time and wi thln two years after the 411 on wbloh thi. By-law 18 palled, may bear aD1 date wi thin auoh two yearl end shall be made payable ln allllul lnstalments during the pertod ot tlfte. yeare nut atter the date of 18SU8 th81'eot, and the respeotive amounts ot prinoipal and interest payable 1n eaoh of such years shall , be the 8IIlOunts sO designated ill SOhel1u1. "A" herew anJlue4..:' . ~l ~. ,'rh8 debaturel BbaU be payane al to both principal en4 lnterest ill lawful money at Canada aDl may be mde parable at Buoh plao. or plaoe. 1a Cauda e.a mall be d.lignate4 thereon, 4. 'lbe laid debenturea Bhall be leale4. with the Seal ot the corporatlon anl1 8ignd4 by the head or the Counoil, or by eom8 other person authori18d by by-law to 8ign the lame, end by tbe Treasurer, The said interelt ooupons shall be signed by the Treasurer and hil signature thereon m81 be wrUten. etamped. lithographed or engraved, S. Commenoing 111 the year 194' and thereafter 1n eaoh year in which an instalment at prinoipal at the said debt and intu8st beoome due. the Corporation Bhall levy and raise the speoifio sum shown tor the reapeotive year in the tOllrth colUlllat" the sald Sohedllle. Suoh SWll shall be levied and raised by a epeoilll rate suffioient theretor. over and above ali other ratea, llpOn all the rateable property in the munioipality. '" l .... __00 - .. .- , " , ~.,-c=cc~ I _', [f '-t' :\ , \ r- i i rei" d .L \ , , .---<- 481 ot )81'4 hall epproved aU requlel te t the Town ot shall borrow lng KIGB'rm ~llree theretoI' re shaU bear llUlll p81flble r the p81ment lte, shall b. lq on wUoh thi. ) feare end shall llr10d ot titte. e respeotive ot euch yeare shall , ;0 anJlue4.:' ,~l Ith pr1nolpal ani I parable 8 i Buoh thereon, 11 the Seal ot the , or by 80m. other by tbe Trtluurer. Treasurer and hi. :raphed 01' engraved. tter in eaoh fear lebi and intueBt the specifio snm III or the sald y a special rate tell, llpOn all the '" l [f '-t' :\ , \ r- i i rei" d 1 I j,~ , .J / ~ v \ j'.' ~\ '.: ~ , ......\ L j" i' f ,I , II ' , , I , r' I " !\ t ~ \ -: ~;' , t ; ~ 1 ~j .~ I 'i \. r; , SOHBDUU · A- to By-Law No.1'". ot the oorporation ot the Town ot Kincardine. Year No. Pr1no1pa1 Interest 1 2 , 4 8~8.~4 ~'4o.,0 n2.2~ 1011.1~ 10,1.6, 10~3.70 U}7.45 U82.~4 12;0.26 12".47 1"0.65 1}83.88 109.2; 14,6.80 1,,6.67 720.00 684.04 646.6, 607.75 567.;1 525.24 481.4~ 4,6.0 0 388.68 "9.47 288.2' 2;5.06 179.71 122.14 62.27 , 6 7 8 , 10 11 12 1} l4 l' . . Total 1618.~4 1618,'4 1618,'4 1618.94 1618,'4 1618.94 1618,'4 1618,'4 1618,'4 1618,'4 1618,'4 1616.'4 1618,'4 1618,'4 1616.~4