HomeMy WebLinkAboutTIV 91 035 borrowing money
THE CORPORATION OF THE VILLAGE OF TIVERTON
BY-LAW NUMBER 1991-~~
A By-Law respecting the borrowing of money, the issuing of securities
and the securing of liabilities by The Corporation of the Village of Tiverton.
Be it enacted as a By-Law of the Corporation of the Village of Tiverton
as follows:
The council
time to time
of the Corporation of the Village of Tiverton may from
.
a) borrow money or otherwise obtain credit upon the credit of the
Corporation of the Village of Tiverton in such amounts and upon such terms as may
be considered advisable;
b) issue, reissue, sell or pledge debt obligations of the Corporation of
the Village of Tiverton, including without limitation, bonds, debentures, debenture
stock, notes or other securities or obligations of the Corporation of the Village
of Tiverton, whether secured or unsecured for such sums, upon such terms,
covenants and conditions and at such prices as may be deemed expedient;
c) charge, mortgage, hypothecate, pledge, assign, transfer or otherwise
create a security interest in all or any currently owned or subsequently acquired
real or personal, movable or immovable property of the Corporation of the Village
of Tiverton including without limitation, book debts and unpaid calls, rights,
powers, franchises and undertaking, to secure any money borrowed or any other debt
or liability of the Corporation of the Village of Tiverton;
d) delegate to such one or more of the Officers and directors of the
Corporation of the Village of Tiverton as may be designated by the directors all
or any of the powers conferred by the foregoing clauses of this By-Law to such
extent and in such manner as the directors shall determine at the time of each
delegation.
Passed by the Council this
ð.'Íd
day of drt ~
1991.
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St'gnature of ReGv.e" :;-.
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Signature of Clerk' - . -
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The undersigned officers of the above-named The Corporation of the
Village of Tiverton hereby certify that the foregoing is a true and complete copy
of a By-Law duly passed by the Council on the ó\ Vii day of ~~~
1991, and duly sanctioned and confirmed by the Council members on the 07~~
day of ~~1991' all as set forth and recorded in the Minute Book of the
proceedings of the Council members of the Corporation of the Village of Tiverton
and further that the said
Dated at c::I~
By-Law is now in full force and effect. :-.
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this óly'tLday of .;.t¡toVr>'~991/--'"
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erk
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Reeve