HomeMy WebLinkAbout74-91
..
~"
-.
THE CORPORATION OF THE
TOWN OF NEWCASTLE
By-Law Noo 74-91
Being a by-law to authorise the expenditure of
$50,000 by the Bowmanvi11e Public Utilities
Commission and the issue of debentures for same
WHEREAS the Bowmanville Public Utilities Commission has requested Council
to debenture an amount of $50,000 on b~half of the Commissiono The sume of
$50,000 to be used for the construction of new overhead and underground lines;
AND HHEREAS such Capital Expendituresand Debentures is authorised by
Section 354(1) (53) of the Municipal Act (R.S.O. 1970 Co 284, So 354 (1) (53)
and Section 69 of the POWEr Commission Act RoS.O. 1970 C. 354 S. 69(1);
NOW THEREFORfthe Council of the Corporation of the Town of Newcastle hereby
enacts as follows:-
1.
That the Bowmanvillc PoU.C. be authorised to expend the sum ot $50,000
for new overhead and underground lineso
20 That the said amount be debentured over a term of twenty years.
3. That the Principal and Interest be recovered proportionally over the
twenty year period from the sale of electric power through the applicable
rates.
By-Law read a first, second and third time and finally passed this 16th day
of December, 19740
Go Bo Rickard
Mayor
M~-/
-
Seal
/
J. Mo McIlro
Clerk
THAT the third reading of By-Law No. 74-91
~~~revoked by Resolution No. C-75-35 passed on
~:OJ.e 6th day of ~5.
~~
By-Law read a hird time an
passed this 3rd day of March
C;B. Rickard M ~ /'
~
Mayor
J. M. McIlroy
Clerk ,
/fff-- ~
~--
.e
1--
e
,-_/'
E 71..2U2
Ontario Municipal Board
In Tm~ tt\TT~,R Oif $~otiiont:\ 63 and
(J4 .ot fe- ont1riO t~\~t!!el~\ .!!tr-d
~ t C ". d' '1 .tJ1'f'J" -:",q 'j'" "' I Y ~
A!.., . .;). .. .. ... f! O. .4
.... ~n.d -
I~ THE M^'flJ~J1 01 tan a~i1.~!At1on
oy 'rhe Corporar,1on or t11~ f",","'A
of Newca&'l~ fOr ~u Qrd~r approv1nSl
(a) tohe undt~rtall!l n~~ by thtt ..,public
utility c()r~is~,i(\fn ot ue .
said CQrpora t.iQ~<, of ~e eon-
t:l true tlton of n(')~'1 overhead Clnd
under~lI"t;)~"\d UIIU!;} at.' 81\ eDtl....
snattJd. CQstt of $;\1,000.00,
the borrQwin~ ot ~nel by
~he npp11~an~ corpora_ton ro~
such. purine., and
-~
(b)
(c)
the it3~'tUUlce of ?jbG Il*ee~lsa17
deben'\U'o$ by '{h.~ fV~~l1Qnal
Hunlo1paltty of Uu~ chargeable
\';0 '-he appll~Bn, cot'"ponu:J.on
- and....
Di THE ~tAr'rZlt 0' t:1 p~'()~~nt appUoaUou
for an order ~nr1inf' tb10 pn-.1etUt
Qrder of the UO$f'(i ,1~t~4 ~G 20th
day of D80cullbur J 1971., b1 ro,r G!'r11'16 t.o
\he project &8 "illS undGf'~tt$.l b,.
~h. PulJl10 truUt1ea C()_ltu~:1on of
the foJ"llGt' Town of' I01AfStl1'111e
I
,
DEFOREs
;). s. COLJ';K)UmiE.
~iemb.r
f~. ~ ..)ft da,.
,
of .1ult, 197,.
- and -
3.0. JPEIG::L,
H$t.Jber
j
THt:. OOAfU QL~Jl.\W '-hat t.h1tS appliC'at.lon. be grao"d and
that, it,~ previous order dat;ed the 20Vl (la,. of ne'..ar,
1974, and. ftllt@reQ in oraer book Ho. 1; 14-6 att 10110 S6
e'
..
.. - -
."-
.) .....
'" .,."", "'1:-,-'0"":'., ;' ~
- 2 ..
E 74.2112
on the lith day of F"bruary. 1975, 18 belfttbl' acen4ec.t bl
approving ~he undertaking by Uh6 Public V\llt'lee
Co~n1snion of the former town of Bowmanvl11e 80 \ha'
the part of stylo of cause le'tered (a) &ball now read
as follo'Wfll
(a.) the undert.aklng b1 the
Public Utility Comrn1s51on
of t.he former TO'f!) of
Bow.~~nvl11e of the con-
8truc~1on of new overhead
and underground URGe ., an
e~t1wated coot ot $50.000.00
and the second line of the operative olauoe 16 deleted
and replaced ~ith the follow1n~1
"that the Public Utl11'1es
Cornmios1on of the former
To~.m of BO'WUlalrll11e".
K. C. ANDRE\'i3
SECRlTAll.!
. ENT~ED----~-;
. o. B. '!~.:&,,2'7.:.71
Folio Nol...,.... ..f2l.a.......
I
.
. (.II :::-l9h
~~;7 ;
// /'
-l,61.,.4:.-{i-fd,. J
SECRETARY, OrlTARIC MUNICIPAl EJ. a