HomeMy WebLinkAboutKIN 97 047 Establish Rsrve Fund
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THE CORPORATION OF THE TOWN OF KINCARDINE
BY-LAW
BY-LAW NO. 1997-47
A BY-LAW TO ESTABLISH A RESERVE FUND
WHEREAS Section 163
M45, provides that
reserve fund for
spend funds;
of the Municipal Act, R.B.G.
a municipality may establish
any purpose for which it has
1990, Chapter
and maintain a
authority to
NOW THEREFORE the Council for The Corporation of the Town of
Kincardine ENACTS as follows:
1. That the "Waterworks Capital Reserve Fund" is hereby
established.
2. If Council should deem it advisable, moneys raised for a
reserve fund established by Article 1 may be expended,
pledged or applied to a purpose other than that for which
the fund was established.
3. The by-law shall come into full force and effect upon its
final passage.
4.
This by-law may be cited as the "Waterworks Capital
Reserve Funds By-law, 1997".
READ a FIRST and SECOND time this 17th day of July, 1997.
READ a THIRD time and finally PASSED this 17th day of July,
1997.
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Clerk