HomeMy WebLinkAbout81-164
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THE CORPORATION OF THE TOWN OF NEWCASTLE
BY-lAW No, 81- 164
being a by-law to establish a Reserve for
Community Services - Equipment Replacement -
Fire Department. .'
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WHEREAS the Council of the Corporation of the Town of Newcastle considers it
desirable to establish a reserve for the purpose of equipment replacement
within the Community Servdces Department - Fire Department.
AND WHEREAS Section 308 (1) of The Municipal Act, R.S.O. 1970, as amended,
provi des, that II every Muni ci pa 1 i ty and every board, commi ss i on, body or
local authority established or exercising any power or authority with respect
to municipal affairs under any general or special Act in an unorganized
township or unsurveyed territory may in each year provide in the estimates for the
establishment or maintenance of a Reserve Fund for any purpose for which it has
authority to spend funds:
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NOW THEREFORE BE IT ENACTED AND IT IS ENACTED AS A BY-lAW OF THE CORPORATION
OF THE TOWN OF NEWCASTLE AS FOLLOWS:
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1, That the Treasurer is authorized to establish a reserve
entitled Reserve for Community Services Equipment Replacement -
Fire Department.
2. That the Council may by resolution passed by a majority of
members present direct the use of the funds for specific
projects.
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.
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BY-LAW READ a first and second time this sit day of OCTO/S'c72. , 1981.
BY-lAW READ a third and final time this .s- f7... day of 4:J C7t:>dcl<.. 9 1981.
G,B. Rickard4~?L~/
Mayor
D.W. Oakes
Town Clerk
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Seal
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