HomeMy WebLinkAboutKIN 96 094 Establish Rsrv Funds
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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 .
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Mayor
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Clerk