HomeMy WebLinkAbout86-46
REPEALED BY 9;2.
BY-LAW .1f.~.:.......
The Corporai' i on of the Town of Newcasi' I e
By-law 86-46
being a by-law to establish a Reserve
for Bui Iding & Energy Conservation
Improvements
Whereas, the Council of the Corporation of the Town of Newcastle
considers it desirable to establish a Reserve for Sui Iding and Energy
Conservation Improvements;
And Whereas, Section 164(2) of the Municipal Act, R.S.a., 1980, provides
that" In preparing the estimates the Counci I shal I make due allowance for
a surplus of any previous year that wi I I be available during the current
year and shal I provide for any operating deficit of any previous year, and
for the cost of collection, abatement of and discount on taxes and for
uncol lectable taxes and may provide for taxes that it is estimated wil I
not be collected during the year and for such reserves as the Counci I
considers necessary;"
Now Therefore, Be It Enacted and it is Enacted as a By-law of the
Corporation of the Town of Newcastle as fol lows:
1. That the Treasurer be authorized to establ ish a reserve, entitled
Reserve for Bui Iding and Energy Conservation Improvements; and
2. That The Council may by resolution passed by a majority of members
present, direct the use of the funds for specific projects; and
3. That Council may by By-law direct the use of the funds for any other
purpose for which it has the authority to spend monies.
By-law read a first time this 14th day of April 1986.
By-law read a second time this 14th day of April 1986.
By-law read a third time and finally passed this 14th day of April
1986.
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