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Home My WebLink About74-49 -..... BORROWING BY-LAW OF THE CORPOJ .IN TOWN OF NEWCASTLE ... By-Law No. 74-49 A by-law to raise money to aid in the construction of works and building repairs under The Shoreline Property Assistance Act, 1973. The Council, pursuant to The Shoreline Property Assistance Act, 1913, enacts as follows:- 1. The Corporation 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 aggregate $50,000 as may be determined by the Council, and may in the nwnner hereinafter provided arrange for the issue of debentures on behalf of the Corporation for the amount so borrowed as provided in the Act 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. ,,:r::-~. ,', ." ",; " 2. Where an application for a loan under the Act is approved by the Council and the inspector has filed with the Clerk an inspection and completion certificate, the Council may apply to include a sum, not exceeding the amount applied for or 90 per cent of the total cost of the works or building repairs with respect to which the loan is made or such other maximum amount as is prescribed by the regulations under the Act, whichever is the lesser, in a debenture payable to the Treasurer of Ontario in accordance with the Act, and may approve of the Corporation lending the said sum to the applicant. 3. A special annual rate shall be imposed, levied and collected over and above all other rates upon the land in respect of which the money is borrowed, sufficient for the payment of the principal and interest as provided by the Act. By-lDw read a first Md second time this 6th day of May, 1974. ,/ G. B. Ri ckard Mayor -' J. M. McIlroy Clerk / I .. 11-~ this;" day -.,' v of (./ l' , , 1974. By-law read a third time and finally passed I G. B. Rickard Mayor '.~ '/ I .../") ./c ... . /;~~. Seal J. M. McIlroy Clerk /}-.r ( t l ' t r. f..,.~ / .. "'. ~:;1'i1i~~ T_rr~~""~r~i~rr.::i-i-;-'''''''''~~-:s::-:r:'~.''':'':t~;~t.:'l~:-:~~,~~~~~.~~'-:r:"'":""'"'f~~~-- '~'" ':"~:'~:':' ....". w;:_..F...,:,. ,.....- ~... :.:.:.' :<..r~':<:-". .~lM,,"~:!,~\,~f:ll~i,.~ijl:\,~~,.l'!ji!!j,,:,;,~]~!~l.~~.~~~],:i'.~;l~i!.~~"lli~~~'ijmiil~ I . f ,::r~';';.m.mmm:;::::.;mm\m::'w:;\"::;:nm::m::t':/b.'.d':0:,..},;".~":,,.q:;-i:,j':,~i-:\::milllii_1JI!!!fr[~'..;r~: ~....""..."...;,. . . , . . ,~. . . · , >" ... , . . . . . . .,. ..... . . . ......::, _A'",:;;;',:"::: ......... .~,..; :::.,~~.iIIioii_ii.iio~... ~ '11 , . ~ i . . ~ ..# .,. l... ' "__i:, . , " . ; '.~I - . ~ . !\llld;lIlIIW; IIY-I.^\J (II' '11I1, (,III<I'\JI 'j'O\.JN Of Ni';l~C^:;'I'I.I-: /I By-Law No. 74-{19 A l>y-law to raise lIluney to nit! in Lilt: construction of works and building repairs under The Shoreline Property Assistance Act, 1973. The Council, pursuant to The Shoreline Property Assistance Act, 1973, enacts as follows:- 1. The Corporation 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 ag~regnte $50,000 as may be determined by the Council, and IIWY in the III;UUlcr llcl'cinaf tel' prov i<le<l arrange [or the issue of debentures on behalf of the Corporation for the amount so borrowed as provided in the Act payable to the Treasurer of Ontario at the Parlimnent Buildings, Toronto, which debentures shall reserve the right to redeem the debentures at ;my time on payment of the whole amount o[ principLll and interest GIving at the time of such repaymen t. 2. Where [In appl ication for a lOi:ln under the Act is ;lpproved by the Council and the inspector has filed with the Clerk an inspection and completion certificate, the r~uncil may apply to include a sum, not exceeding the wnount applied [or or 90 per cent of the total cost of the works or building repairs with respect to which the loan is made or such other maximum amount as is prescribed by the regulations under the Act, whichever is the lesser, in LI debenture p[lyable to the Treasurer of Ontario in accordance wi th the Act, and may approve of the Corporation lending the said sum to the applicant. 3. A special annual rate shall be imposed, levied and collected over and above all other rates upon the l<md in respect of which the money is borrowed, sufficient for the payment of the principal and interest as provided by the Act. By-law rend ;) first <lnd ~;ccond Lillle tlli~; 6th <lilY or t-1ay, ]<J7LI. G. B. Rickord Mayor J. N. NcIlrov Clerk ./f .11.' , --I I ,.J By-law read a third time and finally passed this,.. I clay ofJ 'of ~ , 1974. ,/ / " I G.B. Rickard Mayor r----. / / '/-;" .'..- " t. I r, 1" Seal . . .{ l .J J. M. McIlroy Clerk ... .."..'.."'..i"......"..~"== ,",,,,., ,;" ..' .Ci;c.c, ",,"",;.' "';.~c:,.,',".':,,:~;., :":.::,:.';':;;::-;: ,:,::..:-;;:r:C:;-'~~;;;;;;;;"'''i;.' ;;W'l &- .. '----..... DATED 29TH DAY OF JULY 1974 CORPORATION OF THE TOWN OF NEWCASTLE BY-LAW 74-49 TO RAISE MONEY TO AID IN THE CONSTRUCTION OF WORKS AND BUILDING REPAIRS UNDER THE SHORELINE PROPERTY ASSISTANCE ACT 1973 "8'1" '.1 '('. b I, ~ No. Land ~;~istrj Division of Newcastie (No, 10) 1 CERTiFY th~t this j;istru;;;ent is registeied as of ,'" :3 / f' ,M. MAR 1 1 1980 in tho l1md H(!~gdT)' OH;c~ TiDwn c4 Newcastie Qmt~{jo. 9,1~-. _/ 101~ REGIST~R \? b- ,,~\\X~ ~\\. '~'\l'{ \Jr ffi 1l~Cl\J \ \J.~\J ~" -< -~6<:~ .' -- THE CORPORATION OF THE TOWN OF NEWCASTLE 40 TEMPERANCE STREET BOWMANVILLE, ONTARIO LIC 3A6 . . . l . /,.-- '. ~'. -- BORROWlliG BY-LAW OF THE CORPORATION OF THE TOWN OF NEWCASTLE By-Law No. 74-49 A by-law to raise money to aid in the construction of works and building repairs under The Shoreline Property Assistance Act, 1973. The Council, pursuant to The Shoreline Property Assistance Act, 1973, enacts as fol10ws:- 1. The Corporation may from time to time, subject to the prov~s~ons of this by-law, borrow on the credit of the Corporation such sums not exceeding in the aggregate $50,000 as may be determined by the Council, and may in the manner hereinafter provided arrange for the issue of debentures on behalf of the Corporaticn for the amount so borrowed as provided in the Act 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. Where an application for a loan under the Act is approved by the Council and the inspector has filed with the Clerk an inspection and completion certificate, the Council may apply to include a sum, not exceeding the amount applied for or 90 per cent of the total cost of the works Gxbuilding repairs with respect to which the loan is made or such other maximum amount as is prescribed by the regulations under the Act, whichever is the lesser, in a debenture payable to the Treasurer of Ontario in accordance with the Act, and may approve of the Corporation lending the said sum to the applicant. 3. A special annual rate shall be imposed, levied and collected over and above all other rates upon the land in respect of which the money is borrowed, sufficient for the payment of the principal and interest as provided by the Act. By-law read a first and second time this 6th day of May, J.. M. McIlro Clerk G. B. Rickard Mayor By-law read a third time and finally passed this J. f ~ay o~ 7",.., , 1974. Rickard_ ~ ~~ ~.,~/ .. . 1'4 "'~' ,./ . , . .' ,/.,,,i~' , V -.-.{",,,,' G. B. Mayor Seal J. M. McIlroy Clerk ... --... .. "'... DATED 29TH DAY OF JULY 1974 CORPORATION OF THE TOWN OF NEWCASTLE BY-LAW 74-49 TO RAISE MONEY TO AID IN THE CONSTRUCTION OF WORKS AND BUILDING REPAIRS UNDER THE SHORELINE PROPERTY ASSISTANCE ACT 1973 98166 No. land Registry Division of Newcastle (No. 10) 1 CERTIFY that this instrument is registered as of ;;( : 3 I I' .M. MAR 1 1 1980 in the land Registry Office Town of Newcastle Ontario. ~ ~~l,rRE"'W V 1).... \)~~Gj ~\\. 'Ov~\~'l' \,~"" tv' THE CORPORATION OF THE TOWN OF NEWCASTLE 40 TEMPERANCE STREET BOWMANVILLE, ONTARIO LIC 3A6 . . . l "JIO ./af/\ 1) J5wu