HomeMy WebLinkAbout95-50 THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON
BY-LAW NUMBER 95- 50
Being a by-law to establish a Reserve
for Records Maintenance
WHEREAS the Council of the Corporation of the Municipality of
Clarington considers it desirable to establish a Reserve for
Records Maintenance.
AND WHEREAS Chapter M.45, Section 162(2) of the Municipal Act
R.S.O. 1990, 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
uncollectible 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 Municipality of Clarington as follows:
1. That the Treasurer be authorized to establish a reserve
entitled "Records Maintenance" ;
2 . That the Council may be resolution passed by a majority
of members present, direct the use of the funds for
specific projects; and
3. That the Council may by By-Law direct the use of any
surplus funds for any other purpose for which it has the
authority to spend monies.
By-Law read a first and second time this 24th day of April 1995.
By-Law read a third time and finally passed this 24 day of April- 1995
Mayor
C eDi