HomeMy WebLinkAbout12 023 Poirier Loan Agreement By-law THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE
•
" 'NUN orqr
BY-LAW
NO. 2012 - 023
BEING A BY -LAW TO AUTHORIZE THE SIGNING OF A LOAN AGREEMENT
WITH MEDICAL STUDENT STEVEN POIRIER
WHEREAS subsection 107 (1) of the Municipal Act, 2001, S.O. 2001, c. 25, as
amended, provides that a municipality may make grants, on such terms as to
security and otherwise as the council considers appropriate, to any person, group
• or body, including a fund, within or outside the boundaries of the municipality for
any purpose that council considers to be in the interests of the municipality;
AND WHEREAS pursuant to subsections 11 (1) and (2) of the said Municipal Act
a lower -tier municipality may provide any service or thing that the municipality
considers necessary or desirable for the public and may pass by -laws respecting
the health, safety and well -being of persons;
AND WHEREAS subsection 8 (1) of the said Municipal Act, provides that the
powers of a municipality under this or any other Act shall 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 Section 9 of the said Municipal Act 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 The Corporation of the Municipality of Kincardine requires
physicians to meet the needs of its residents;
AND WHEREAS By -law No. 2012 -016 was passed on the 15th day of February
2012 to amend By -law No. 2009 -132 which is an incentive agreement with
medical student Steven Poirier;
AND WHEREAS the Council of The Corporation of the Municipality of Kincardine
deems it advisable to repeal By -law No. 2012 -016 and to enter into a loan
agreement with medical student Steven Poirier;
NOW THEREFORE the Council of The Corporation of the Municipality of
Kincardine ENACTS as follows:
1. That the Corporation of the Municipality of Kincardine enter into a loan
agreement with Steven Poirier, attached hereto as Schedule "A ".
2. That the Mayor and Chief Administrative Officer be hereby authorized and
• directed to execute, by affixing their signatures and the corporate seal, on
behalf of The Corporation of the Municipality of Kincardine any documents
required for the execution of these agreements.
.../2
Page 2
Poirier Loan Agreement By -law
By -law No. 2012 - 023
• 3. That Schedule 'A' forms part of this By -law.
4. That By -law No. 2012 - 016 be hereby repealed
5. This by -law shall come into full force and effect upon its final passage.
6. This by -law may be cited as the "Poirier Loan Agreement By -law ".
READ a FIRST and SECOND time this 7 day of March, 2012
e
Mayor Clerk
READ a THIRD time and FINALLY PASSED this 7 day of March, 2012
•-
ay Clerk
•
•