HomeMy WebLinkAboutTWP 97 021 Tile Drain Loan (x2)
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FORM tl20_I_MUNICIPAL WORLD 1.IMITED, ST. THOMAS, ONT.
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RATING BY-LAW
The Tile Drainage Act, 1971, Form II
The Corporation of the
Township. of. Kincardine
By-Law Number . 97-.2.1
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By-law imposing special annual drainage rates upon land in respect of which money is borrowed under The Tile
Drainage Act, 1971.
Whereas owners of land in the municipality have applied to the council under The Tile Drainage Act, 1971, for
loans for the purpose of constructing sub-surface drainage works on such land; and whereas the council has upon
their application lent the owners the total sum of $ 3 7 , 7 0 0 . 0 0 . to be repaid with interest by means
of rates hereinafter imposed:
Be it therefore enacted, by the council, that annual rates as set out in the Schedule attached hereto are hereby
imposed upon such land as described for a period of ten years, such rates to be levied and collected in the same
manner as taxes.
First Reading ....2nó day of September ,1997
. Second Reading .2nó day of September .1997
Third Reading - Passed this .2nÓ day of September 1997
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FORM 1120-2-MUNICIPAL WORLD LIMITED. ST. THOMAS. ONT.
THE CORPORATION OF THE T9\ÿnship.of Kincaróine
BY-LAW NO. n.,..2J,
Schedule
. Name and Address of Owner Description of Land Drained Proposed Date Sum to be Loaned Annual Rate to
of Loan $ be Imposed
MþÇARTHUR, D. NORMþN Epart Lot 14, Concession 6 -
616 Lynóen Cres., Kincaróine KiricarMne Township .. . October 1/1997 .20,000.00 .2,980.00
ONN2Z 3A9 .
JOHNSON, ..KEN.. Lot 44,. Concession INDR October 1, 1997 i7, 700. DD 2,637~30
R.#5 Kincaróine ÒN¡i¡i:iij{6
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* Total Principal of Debenture and TOTALS *$ 37.700.00 $ 5.617.30
Total Sum Shown on By-Law.
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