HomeMy WebLinkAboutTWP 76 024 Borrowing By-law
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!HE CORPORATION OF THE TOWNSHIP OF KINCARDINE
By-Law 75 24
Being a By-Law to authorize the borrowing of the sum of
$35,000.00 to assist in the construction of a Recreation
Complex and Community Centre, in the Town of Kincardine.
Whereas two or more Municipalities may enter into an
agreement to construct a Recreation Complex and Community
Centre (Par. 74, Section 352, The Munioipal Act, R.S.O 1970)
therefore the Counoil of the Corporation of the Township of
Kincardine Enacts as follows:
1. The Corporation of the Township of Kinoardine shall pay
the sum of $35,000.00 towards the capital cost of the
proposed Reoreation oentre and Complex.
2. That the said yearly installments shall be reoovered
by a Mill Rate imposed on all the rateable property in
the Township of Kincardine, over a period of 10 years.
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