HomeMy WebLinkAbout08/09/1965
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RESOLUTION
10 WHEREAS the Durham County District High School !
Board intends to construct a vocational addition to the Courtice
High School, and to furnish and equip the same, and the original
estimated normal costs to the said Board in all was estimated to
be the sum of $398,59<1.00.
2. AND WHEREAS the Durham County District High School
Board applied to the Municipal Counc1ls having jurisdiction in the
said District for the issue of debentures in the amount, estimated
to be $365,000.00, to provide for the major portion of the cost
of construction to the Board of the said vocational addition to the
Courtice High School, the furnishing and equipping therof, the
interest theron and the expenses connected therewith, and the
majority of the Councils of the said municipalities have by resolu-
t.ion approved the said application.
3. AND WHEREAS of the tenders received by the said
Board, the one which the Board proposes to accept is in an amount
that will render the estimated normal cost to the Board of
$398,594.00 inadequate.
.,~
4. AND WHEREAS the Board has now applied to the Municipal
Councils having Jurisdiction in tile said District for the issue
of debentures in the amount of $125,000.00 , to provide for the
said cost increased as aforesaid.
5. BE IT RESOLVED that_the Council of the Corporation
of Village of Newcastle being a municipality
included ~n the said District, hereby approves the said application
and agrees to assume its proper proportion of the amounts required
to pay the said debentures, the interest thereon and the expenses'
connected therewith, as prescribed by The Secondary Schools and
Boards of Education Act.
6. BE IT FURTHER RESOLVED that the COl1nC\1l of the Cor-
portion of Village of Newcastle hereby requests
the Council of The Corporation of tne United Connties of Northumber-
land and Durham to raise the sum of $ 490,000.00 in totalnow
required for the purposes aforesaid by the issue of debentures of
the Corporation of The United Counties of Northumberland and Durham.
AND the Council of the Corporation of Village of Newcastle
hereby recognizes that the said Board will be required
to raise out of current funds in accordance with Section 34 of The
Secondary Schools and Board of Education Act an amount equiv&lent
to the di~ference, betwe~n the amount to be raised by debentures as
aforesaid and the said cost to the said Board of $33,594.00
increased for reasons aforesaid.
7.
PASSED this
'! 0!- day.' of A v !: uS I 1965. .
1f~7:;:;!5-~CV~
--~~----------------~ -
Clerk --fRiSA-S'V Q'LFA
I hereby certify that the above is a true copy of a
resolution of tile Corporation of
1965.
_Z~_C!~~_~__
Clerk - rlt t:"..-.j ~ "-5J1.