HomeMy WebLinkAboutTWP 82 024 operating mun drains
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TOWNSHIP OF KINCARDINE
By-Lald No. R2-""~
Being a by-law to authorize the opening
and operation of a separate bank account
and to a~ihorize temporary bank borr~-
ing to control and finance the coat of
constructing municipal drains in the
township
WHEREAS the Clerk-Treasurer is authorized by Section
82 of the Municipal Act, R.S.D. 1960, to open separate accounts
in such chartered banks in Canada as may be approved by the
council, and
WHEREAS the Council of The Corporation of the Town-
ahip of Kincardine deems it desiresble to open a separste
bank account to control receipts snd payments related to the
construction of municipal draina in the township, and
WHEREAS the municipality is authorized by Section 189
of The Municipal Act, R.S.D. 1980, to borrow by ldSy of promia-
aory note from time to time auch suma as the council considera
necesssry to meet the current expenditures of the Corporation,
NOW THEREFORE the Council of The Corporation of the
Township of Kincardine enacts as follDlds:
1) that the Reeve and Clerk-Treasurer be snd are
hereby authorized to sign all and any necessary
documents to open a sepsrste bank account at
The Royal Bank of Canada for the deposit of
revenues and payment of expenses related to
the construction of municipal drains in the
TDlllnship
2) that the Reeve~nd Clerk-Treasurer be and are
hereby suthørized to sign all and any documents
necessary to borrDld by Iday of promissory note
such funds aa may be necessary fran time to time
with respect to the construction of IllUnicipal
drains in the township up to a maximum of
$125,00, provided that any such temporary borrDld-
ings,be Idithin the IllUnicipality'. statutory
espacity to borrow for current purposes
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3) that this by-law shall be effective on the date
of its passing.
.... · fir.. ... """'" "ne 'hi. I,d.., of l1-; 19 P .
/iQ..-/J/~~) M~"uÞPr£-A'J//"Á
Reeve ~Treasurer
Read a third time and finslly ,assed this !;P~day
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Reeve
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19 i'£ .
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