HomeMy WebLinkAbout88-3
The COrporation of the Town of Newcastle
By-law 88-3
being a by-law to establish a Reserve
for Technical Services - planning
Department
Whereas, the council of the Corporation of the Town of Newcastle
considers it desirable to establish a Reserve for Technical
Services - planning Department;
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 unco1lectable taxes and may provide for taxes that it is estimated
will not be collected during the year and for such reserves as 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 Technical Services - planning Department; 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 11th day of January 1988.
By-law read a second time this 11 th day of Ja nua ry 1988.
By-law read a third time and finally passed this 11th day of January
1988.
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Clerk