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HomeMy WebLinkAboutKIN 85 4664 Est.Herit Rsrv Fund . . CORPORATION OF THE TOWN OF KINCARDINE BY-LAW NO. ~~ BEING A BY-LAW TO ESTABLISH A HERITAGE RESERVE FUND. WHEREAS Section 165(1) of the Municipal Act, R.S.O. 1980, Chapter 302, provides that a Municipality may establish and maintain a reserve fund for any purpose for which it has authority to spend funds; NOW THEREFORE the Council of the Corporation of the Town of Kincardine ENACTS as follows: 1. That a reserve fund be hereby established and called the Heritage Reserve Fund. 2. The money in the Heritage Reserve Fund is hereby designated for future improvements to the Kincardine Town Hall in Victoria Park which are in conformity with the heritage aspects of the building. 3. Two thousand dollars ($2000.) shall be transferred from the Capital Expenditure Reserve Fund to the Heritage Reserve Fund. 4. This By-law shall come into force and effect on the date of its final passing. READ a FIRST and SECOND time this 18th day of April . 1985. .4d :h1~-~ /'Clerk Mayor READ a THIRD time and FINALLY PASSED this 3rd day of 1985. May , ·~4~ Mayor /~/K ?#~W Clerk ~é\ --