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HomeMy WebLinkAboutKIN 96 094 Establish Rsrv Funds e e e - THE CORPORATION OF THE TOWN OF KINCARDINE BY-LAW BY-LAW NO. 1996-94 A BY-LAW TO ESTABLISH RESERVE FUNDS WHEREAS Section 163 M45, provides that reserve fund for spend funds; of the Municipal Act, R.S.O. 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. The following reserve funds are hereby established: (i) The Landfill Site Reserve Fund (ii) The Opp Reserve Fund 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 "Establish Reserve Funds By-law, 1996". READ a FIRST and SECOND time this 19th day of December, 1996. READ a THIRD time and finally PASSED this 19th day of December, 1996 . ~~~ Mayor ~ Clerk