HomeMy WebLinkAbout04 172 tile drain loan december
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TIlE CORPORATION OF TIlE MUNICIPALITY OF KINC INE
BY-LAW
NO. 2004 . 172
A BY-LAW IMPOSING SPECIAL ANNUAL DRAINAGE RATE UPON LAND IN
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RESPECT OF WHICH MONEY IS BORROWED UNDER THE TI~E DRAINAGE ACT
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WHEREAS owners of land in the municipality have applied to the ouncil of The
Corporation of the Municipality of Kincardine under the Tile Drains e Act for loans for
the purpose of constructing subsurface drainage works on such la d;
AND WHEREAS the Council has, upon their application, lent the 0 ners the total sum
of $42,700.00 to be repaid with interest by means of rates hereina er imposed;
NOW THEREFORE the Council for the Corporation of the Municip lity of Kincardine
ENACTS as follows:
1 . That annual rates as set out in the Schedule 'A' attache hereto are hereby
imposed upon such land as described for a period of ten ye rs, such rates to be
levied and collected in the same manner as taxes.
2. This By-Law shall come into full force and effect upon its final p ssage.
3. This By-Law may be cited as the "December 2004 Tile Drain Loan Debenture By-
law·.
READ a FIRST, SECOND and THIRD time and FINALLY PA SED this17th day of
November 2004.
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