HomeMy WebLinkAbout08 027 Repeal Energy Solutions Expo Reserve Fund
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THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE
BY-LAW
NO. 2008 - 027
BEING A BY-LAW TO REPEAL BY-LAW NO. 2006-063 & No. 2006-079-
BEING A BY-LAW TO ESTABLISH A RESERVE FUND
(Energy SolutIons Expo)
WHEREAS Section 8 (1) of the Municipal Act, 2001, S.D. 2001, c. 25, as
amended, provides that the powers of a municipality under this or any other Act
shali be interpreted broadly so as to confer broad authority on the municipality to
enable the municipality to govern its affairs as it considers appropriate and to
enhance the municipality's ability to respond to municipal issues;
AND WHEREAS pursuant to the said Municipal Act, Section 9 provides that a
municipality has the capacity, rights, powers and privileges of a natural person
for the purpose of exercising its authority under this or any other Act;
AND WHEREAS Section 417 of the said Municipai Act, provides that a
municipality may in each year provide in its budget for the establishment or
maintenance of a reserve fund for any purpose for which it has authority to spend
money;
AND WHEREAS the Council of The Corporation of the Municipality of Kincardine
passed By-law No. 2006-063 and No. 2006-079 Establishing a Reserve Fund for
the Energy Solutions Expo;
AND WHEREAS the Energy Soiutions Expo is no longer a Committee of
Council; therefore providing no further need for the established reserve fund;
NOW THEREFORE the Council for The Corporation of the Municipality of
Kincardine ENACTS as foliows:
1. That $10,000 is re-deposited into the general revenues fund.
2. That the remaining balance be paid out to the Tiverton Lions Club.
3. That By-law No. 2006-063 and By-law No. 2006-07 are hereby repealed.
4. That this by-law shall come into full force and effect upon its final passage.
5. That this by-law may be cited as the "Repeal Energy Solutions Expo
Reserve Fund By-law".
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Repeal Energy Solutions Expo Reserve Fund By-law
By-law No. 2008 - 027
READ a FIRST and SECOND time this 5th day of March, 2008
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Clerk
READ a THIRD time and FINALLY PASSED this 5th day of March, 2008.
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