HomeMy WebLinkAbout01 148 tourist reserve fund
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THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE
BY-LAW
NO. 2001 - 148
A BY-LAW TO ESTABLISH A RESERVE FUND
WHEREAS Section 163 of the Municipal Act R.S.O. 1990, Chapter M45, 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 for The Corporation of the Municipality of
Kincardine ENACTS as follows:
1. That a "Tourism Reserve Fund" be established to hold monies
designated by Council to fund tourism related activities.
2. If Council should deem it advisable, moneys raised for the reserve fund
established by Article 1 may be expended, pledged or applied to a purpose
other than for which the fund was established.
3. This by-law shall come into full force and effect upon its final passage.
4. This by-law may be cited as the "Establish Tourism Reserve Fund By-law".
READ a FIRST, SECOND and THIRD time this 19th day of December, 2001
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Clerk
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