HomeMy WebLinkAboutTIV 91 043A surplus working cap
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Corporation of the Village of Tiverton
By-Law Number 1991-43 A
Being a by-law to provide for any surplus or deficit moneys from estimates be
applied to or from Working Capital Reserve.
WHEREAS: Chapter 302, Section 165, Subsection 4 of the Municipal Act, R.S.O.
1980, permits Councils of Municipalities to pass by-laws to provide the
moneys raised for a reserve established under Section 1 may be expended,
pledged or applied to a purpose other than that for which the fund was
established.
NOW THEREFORE the Council of the Corporation of the Village of Tiverton enacts
as follows:
1. That any surplus or deficit arising be transferred from or to a
reserve from Working Capital.
By-law introduced and read a First Time this 10th day of December 1991.
By-law read a Second, Time this 10th day of December 1991.
By-law read a Third Time and finally passed, signed, sealed and numbered
1991-43 this 10th day of December 1991.
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