HomeMy WebLinkAbout85-80
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THE CORPORATION OF THE TOWN OF NEWCASTLE
BY-LAW 85- 80
being a by-law to authorize the execution of
an agreement with First City Capital Ltd. in
respect of a lease for AES Word Processing
Equipment (Planning Department)
THE CORPORATION OF THE TOWN OF NEWCASTLE HEREBY ENACTS AS FOLLOWS:
THAT the Mayor and Clerk are hereby authorized to execute on behalf
of the Corporation of the Town of Newcastle and seal with the Corporation
Seal, an Agreement between First City Capital Ltd., and the said
Corporation, which is attached hereto as Schedule "A."
By-law read a first and second time this 10th day of June 1985.
By-law read a third time and finally passed this 10th day of June 1985.
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FCC LEASING
LEASE CONTRACT
A division of First City Capital lid ,
"'Jiil l,IulIIDy SII..6I-
VaIil6llu"er t a!;: \/f'.7 154 -~
Nature of Business:
Telephone No.
Postal Code
Bank Name and Address
Name and Address of Landlord if equipment is to be placed in rented premises
Quantity
Equipment Description (include model and serial nos.)
4. Provincial Sales Tax: Lessee shall pay to Lessor on and with each rental. the
amount ot provincial sales tax. if any. thereon at the rate applicable from time to lime.
Provincial sales tax at the rate now applicable on the amount of each rental is as set forth
above.
5. Interest on Overdue Payments: Lessee shall, without notice. pay interest at
the rate of 24% per annum on any overdue instalment of rent. and upon wnlten notice
from Lessor. at the same rate on all other amounts required to be paid by Lessee
hereunder and which shall have been paid by Lessor.
6, Use: Lessee shall use the Equipment in a careful and prudent manner and not
tor any unlawtul purpose and shall at Lessee' s expense comply with and contorm to all
1. Lease: Lessor hereby leases to Lessee. and the Lessee hereby hires and tederal, provincial. municipal and other laws. ordinances and regulations in any way
leases trom Lessor the equipment described above. together with any parts and ac- relating to the possession, use or maintenance ot the Equipment.
cessories relating thereto or affixed thereon (herein referred to as the EqUlpmeni). 7. Non-Cancellable: ThiS Lease cannot be cancelled or terminated except as ex-
2. Term: This lease is tor an original term commencing on the date specified in pressly provided herein
the Leasing Particulars above and unless sooner terminated as set forth herein. ends at 8. Title and Identification: The Equipment is and shall at all times be and remain
the expiry of the number of months indicated In the Leasing Particulars above the so~e property of the Lessor and the Lessee shall have no right. title or interest therein
3, Rent: Lessee shall pay as rent to the Lessor far the Equipment during the or thereto except as expressly set forth herein. At Lessor's request. Lessee shall at
originalterm in advance in lawtul money of Canada the number of rentals in the amounts Lessee's expense affix and maintain on the Equipment. in a manner and in places
and at the times shown in the Leasing Particulars above. The rent shall be paid to the satisfactory to Lessor. labels. plates or other marks supplied by the Lessor to idenlify
Lessor at First CIty BuildinQ. 777 Hornby Street. Vancouver. B. C. V6Z 1 S4. the Equipment as the property of the Lessor.
(SEE REVERSE SIDE FOR CONTINUATION OF TERMS AND CONDITIONS OF THIS LEASE)
LEASE AGREEMENT
This lease shall not become binding upon Lessor until accepted by Lessor as
evidenced by the signature of a duly authOrized officer of Lessor In the space provided
below
This Agreemenl made by and betwl.>en First City Capital LId.. (herein referred to as
the LeSSOr) and the Lessee named above (reterred 10 as Ihe Lessee)
WITNESSETH: That In consideration of the covenanls hereinafter contained in-
cluding those on the reverse side hereof. the Lessor and Lessee have mutually agreed
as follows.
Lessor's Acceptance Date
FIRST CITY CAPITAL LTD
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Per:
Authorized Signature