HomeMy WebLinkAboutTWP 84 015 Tile Drain Loan
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OORRGm4G BY-LAW
For use by Municipalities oot within I>lutdd. 'II" 1t..'Yiøl~ll ~1Llllidp.lliLi<':>
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The Tile Drainage Act, 1971, section (2) 1,
O. Reg 327/71: Amended by O. Reg 843/75
Borrowing By-Law
of
The corporation of the
'lGINSHIP OF KINCl\RDINE
By-Law Nunber 84-15
A by-law to raise $260,000.00 to aid in the oon&Uuction of drainage
works under the Tile Drainage Act, 1971.
The COuncil, pursuant to the Tile Drainage Act, 1971, enacts as follows:
1. The COrporation may from time to time, subject to the pmvisions of this
by-law, borrow on the credit of the COrporation such sums oot exceeding in the
whole $260,000.00, as may be detennined by the rouncil, and may in manner
hereinafter provided, issue debentures of the COrporation for the anPUnt so
borrowed as provided in the Act payable to the Treasurer of Ontario at the-
Parliament Buildings, 'lbronto, which debentures shall reserve the right to prepay
the woole or any part of principal and interest owing at the time of such
prepay¡ænt.
. 2. Where an application for loan W1der the Act is approved by the council
i and the inspector of drainage has filed with the clerk an,. inspection and
, cntp1etion ~ertificate, the council may include' a SUIII, oot exceeding the anPUnt
applied for or 75 per cent of the total cost of the drainage work with respect
to which the loan is made, in a debenture payable to the Treasurer of Ontario in
accordance with the Act, and may approve of the COrporation lending the said IiUIII
. to the applicant.
J. A special arII1Ual rate shall be iDposed, levied and collected over and
above all other rates upon the land in respect of which the m:>ney is borrowed,
sufficient for the pay¡ænt of the principal and interest as provided by the Act.
First Reading this 711 day of May, 1984
Second Reading this 7 d day of May, 1984
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Head of COuncil
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Clerk-'l'reasurer
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Third Reading - Passed this j / ..::it day of
;;).///Y7P'./ , 1984
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By-Law 81-22 is hereby repealed
or
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· Registration of By-Law - '!be Clerk of the IILInicipality "shall register a
duplicate original or a copy of it, certified under his hand and the seal of
the lIIlnicipal corporation, in the registry office for the registry division
in which the IIIlnicipality is situated or, if the IILIIÚ.Cipality OCIIprises two
or nPre registry divisions, in one of them". '!be Tile Drainage Act, 1971,
section 2 (2).
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ŒRTIFICATION
The Tile Drainage Act, 1971, section 2 (2)
I Muriel p. Eskrick
clerk of the municipality of the
Township
of Kincardine
in the
County
certify that the
Bruce
of
sbove by-law was duly passed by the council of the CDrparstion Df the
Township
of Kincardine
and is a true copy thereof. being By..... 81+- 5
I
I Declùred before me at the
Town of Kincardine
I in the County of Bruce
this \ l. ..... day of
I -t.1.~ ,1984
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A. Convni ssioner
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C rk's Signatur
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B 840526
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Ontario
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Ontario Municipal Board
1. '1'BB MftBR or 8eat:.1oD 64 of
'lb. ontario 1lan1a1~ Board Ac~,
1R.S.O. 1.10, o. 3
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111 '1'BB MftD O'P U appUaaUCIft by
'lb. corporaU' t the 'foWD.bip
of XiDaard1ne. 'approval of
~be bcIn'oV1nfJ of th. IIUII of
'210,000.00 to be u.ed for
~ ~e. of 'lb. 'fl1e DraiDeae
. Ac~, ca.8.0. lt80, a. 500)
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BBPORB.
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'II.1uc1ay the 21th clay
of My, 1184
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'1'BB _1m OlD... t.ha~ thia appl1oa~1on be ~uU4, &ftð t.he
applioan~ oorpora~ioD _y DOW proaeeel with the ..iel bonowiDV
in a total ... ~ to _0..4 U60,000.OO, aael for .aob
pupa.. _y pa.. all ncp18ite by-lava, u4 pt'OYicIec1 tbe~ the
GOQO&".~1oa 1D exezai.1D, U7 po1IU approftc1 by thia orc1R aball
G0IIP1y uel OODfcma with all .t.atuto~ uc1 ot.hc 1ettal nqajzT--"~.
¥elated t.hento.
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TIN Till Dr..,.." AeI. 1971
AFFIDA vir OF CLERK
Muriel P. Eakrick
I, ...........01 ....
TDwf1Sh~p'...... .~~r;IÇ!I.x:Q~ne .ç:Æ!I1~Y.of. ~J'Wò~..
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To WIT: in tbtf.¡:'~1! ,of .Q¡;tJ:A;riD
Clerk of tile. .~"!'i!...of
Kincardine
. . . . . .. .. . . ......a
oath aDd I&Y:
1. 011 tIIe~~I!I~.day of..~I,I~........,
19. ~. tile Couøci1 of the.. .. . .. .. .
T~~~~p.. . .o(í~!!t:~~~.i.~ a by_
law fOf borrowiDc ->' to be IeDt
fOf tile construction of clrainace worb.
be, N 84-15 d ' ..... "A
In¡ 0..... . . . . ..an entn_
By-Law to raise money to aid in the
construction of drainace works under
TIN Tile Dr....." AeI. 1971". a copy
of wlùch certified by me is attached
hereto as an exhibit to this my
aJlidavit aDd marked exhibit" A".
. . La N B4-l5
2. A certified copy of By- w 0.. .. .. .
.as reptered in the reptry oflic:e for
tbe RePtry Divisioa of ..E!~Y¡:~ . ç ,¡D 3)
l1li tile .~7.1;l:Iday ~.. ,:Mv.......,
84
19... .
StriIIe GIlt
Ihot
'flu ....
3. No application or actÍCIII to quash tile
by.la. has been made or broacht.
or
.w.wjt~)IN;;N-~)JHIt~
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.",./~ PI NttI HW ffIItN'I
IJIJIrNt/tI tWJI //NI/tN///./·I// /./
,will
.
Sworn before _ at the
Town Kincardine
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in tile.. .ç!J':ln~Y.. .of
Bruce . ./ ,t-
~µt~;¡ ·~"äYi¿Á.~l)
~~,...¡:~T(;k·,
A Comll'l"'¡_. etc.
.
o. 1Iec. 327171, F_ 6.
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Ontario
Municipal
Board
IYIay 24. 1984
M. P. Eskrick
Clerk-Treasurer
Township of Kincardine
Box 14
R.R. # 5
Kincardine, Jntario
NOG 2GO
Dear Ms. Eskrick:
~e
Board File E 840526
I'rainage By-Law
,
416/598,2266
".
84-1~~
Receipt
May 17
will be
is acknowledged of your letter dated
, 1984, and enclosure (s) which
given consideration.
When communicating with the Board in connection
with this matter please quote the Board's file
number.
YourS
(
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. /h~: Manj'
Head 0
Capitál Expenditures
lw:
180 Dundas St. West
Toronto, Ontario
M5G 1E5
RECEIVF'"
MAY 2 B 1984
TWP. Of KJNCARDINE