HomeMy WebLinkAbout87-199
THE CORPORATION OF THE TOWN OF NEWCASTLE
By-law 87 - 199
being a by-law to establish a Reserve
for Construction of a Sanitary Sewer
& Water Line - Fire Station #4
-COurt ice
WHEREAS, the Council of the COrporation of the Town of Newcastle
considers it desirable to establish a Reserve for COnstruction of a
Sanitary Sewer & Water Line to Fire Station #4 - Courtice.
AND WHEREAS, Section 164(2) of the Municipal Act, R.S.O., 1980, provides
that "In preparing the estimates the Council shall make due allowance for
a surplus of any previous year that will be available during the current
year and shall provide for any operating deficit of any previous year,
and for the cost of collection, abatement of and discount on taxes and
for uncollectable taxes and may provide for taxes that it is estimated
will not be collected during the year and for such reserves at the
COuncil considers necessary;"
NOW THEREFORE, Be It enacted and it is enacted as a By-law of the
corporation of the Town of Newcastle as follows:
1. That the Treasurer be authorized to establish a reserve, entitled
Reserve for Construction of a Sanitary Sewer & Water Line to Fire
Station #4 - Courtice.
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 December, 1987.
By-law read a second time this 14th day of December, 1987
By-law read a third time and finally passed this 14th day of December,
1987.
J2~J{)~
Clerk