HomeMy WebLinkAbout74-31
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THE CORPORATION OF THb
~
TOyw OF N~~CASTLE
BY-LAW NO. 74- 31
being a by-law tn raise .'
money to aid in the construction
of drainage worle:) undl:;r 'j~he Tile
Drainage Act, 1971
The Council, pursuant to The Tile Drainage Act, 1971, enacts
as follows:
1. The C~rporation may from time to time, subject
to the provisions of this by-law, borrow on the credit of the
Corporation such sums not exceeding in the whole J200,000. as
may in manner hereinafter provided, arrange for the issue of
du'bt;ntures on behalf of the Corporation for the amount so
borrowed as provided in tho ~ct payable to the Treasurer of
Ontario at the Parliament Buildings, Toronto, which debentures
shall reserve the right to redeem the debentures at any time on
payment of the whole amount of principal and interest owing at
the time of such repayment.
2. 'i/here an application for a loan under the Act is
approved by the council and the inspector of drainage has filed
with the clerk an inspection and completion certificate, the
Council may apply to the Regional Municipality of Durham to
include F:J. sum, not ex:c~)t;;ding the: fi,mount. :lpplicd for or 75 pEo.r
cunt of thl:J total CCH3t of the dra:Lnagu vfOrk \'Ii th respect to
which the loan is made, in a debenture payab10 to the Treasurer
of Ontario in accordanCE; with the; "'tat, and may approve of the
Corporation lending the said sum to the applicant.
J. A special annual rrtte shn,ll b(~ imposed, levied and
collected over and abov,.; till othur l':l!;L)S upon 'trlU Itmd in
respect of which the money is borrowed, sufficient for the
payment of the prinCipal and interest as provided by the Act.
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Read a first and S8cond t:J,me thls ....... day ;;J. .1.- j:::;-(/..: . .1974-
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Read a third time and finally passed this ~!v;: day of 'Y()/~.
1974.
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Mayor
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lAM~w c :'7:1 -ltC!
(l~~ fAJi5 /17)'
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Clerk
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THE CORPORATION OF THB
TO~~ OF N~~CASTLE
BY-LAW NO. 74- 31
I
1''''':
being a by-luw tn raise
mont;y to aid in Llw COI18tl'uction
of drainage work:; undl.:.:r 'l.'he Tile
Drainagu Act, 1971
The Council, pursuant to The Til~ Drainage Act, 1971, enacts
as follows:
I
t'
1. The C~rporation may from time to time, subject
to the provisions of this by-law, borrow on the credit of the
Corporation such Gums not exceeding in the whole ~200,OOO. as
may in Tllunnl:r hE:;Y'fjinaftcr provided, arrangE:; for the iSSUE: of
debentures on behalf of the Corporation for the amount so
borrowed as provided in tho Act payable to the Treasurer of
Ontario at the Parliament Buildings, Toronto, which debentures
shall reserve thE.: right to r,edeem the debentures at any time on
payment of the whole amount of principal and interest owing at
tilt.: tiJ{!t; of such rt.::paymtmt.
.
2 . ,{here an application for a loan under the Act is
approvsd by the council and the inspcctoy of drainage has fil~d
'.vi th the: cl\. rl<: an inspection and completion certificate, the
Council may apply to the Regional Municipality of Durham to
include n Gum, not cxculJding the: amount applL:d for .or 75 p~r
Cl.'llt of the' tot,:tl COtd, 01' thl:) dratnngu vlOrk '"d.th respect to
'dhi,~h the loan 1H mrLdc, in a debt;ntu.ru pa.ya'J1\; to the 'rreasurer
r) f Un tario i:n accordanc8 \'/i th tht; Jlc.t, and m~1Y approve of thl;
Corpora.tion It.-nding the said sum to tho applicant.
J. ,'l f-:lpccLal annual. f'rttl; [\h~.:dl 0" irnpost;ll, luviud and
(;nll,'ctull ov(.:r and ;J.l)() v,; l.i~LL othl::l' l':Jt;,~:J tqH)Jl thu land in
r~sp~ct of which th~ mon6y is borrowud, sufficient for the
payment of thl:..' principal and interest as provided by th~ Act.
Ii i;.- .~ " " It ~.../
llvaa a firot !lnd rH;colHJ t:Lme this...... . day ;;). .1.--/.';6:1'. .1974
, " ~~..
th' r~~vnr d f .J.~()/~
Re3.d a third time and finally passed 1S /J ,(;j-' ay 0 '.M,'.. .....
1974.
.~~
l1ayor
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Clerk
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C E R T I FIE D COP Y
I, Joseph M. McIlroy, of the Town of Newcastle, in the
Region of Durha..ll, Municipal Clerk, DO HEREBY CERTIFY that
attached hereto is a true copy of By-Law Number.. ,:(~'.~:I..._
passed by the Council of the Corporation of the Town of"
Newcastle at its meeting held on the ..I.~~. day of
........~~r..~.., 197J(.
.
WITNESS my hand and the seal of The Corporation.
DATED thi s. . ..~. 1. ~ day of .... It. V.I/. ~ .. .
A.D., 197 kf
Clerk
..
Seal
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T
THE CORPORATION OF TIlE
TOWN OF NEWCASTL~
Certified True Copy of Resolution # C-75-169
3I'd day of February , 1975 ·
passed on the
Hewed by Councillor Tink, seconded by Counc:1l1or Lyall.
T1JAT the third reading of By-Law No. 74-:n. belna a by-law to
r418e money to aid in the eoutructlon of draiMge works under
the Til. Drainage Act. 1971. be rescinded.
ttCARRIED"
Certified True Copy
Seal
J. Me McIlroY
....
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Clerk
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(9786), "
No. '
Regi~tfy'Oivisionof DurhamWest (No. 1Q) "
, CERTlfY,that this instrument is registered as'of
/O:s(pA ,M; NOV 29'974" in the
land
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