HomeMy WebLinkAbout1444A By-Law to raise $75,000.00 to aid in the construction of tile, stone or timber drains.
The Council of the Corporation of the Town-
ship of Clarke pursuant to The Tile Drainage Aet enacts
as follows;
1. That the Reeve may from time to time, subject to
the provisions oP this by-law, borrow on the credit of
the Corporation of the Municipality such sums not excee-
ding in the whole x'15,000.00 as may be determined
by the Council, and may in manner hereinafter provided,
issue debentures of the Corporation in such sums es the
Council may deem proper for the amount so borrowed, with
coupons attached as provided in Section 4 of the said
Act .
2. That, subject to Section ZO of the Tile Drainage Act,
when the Council is of the opinion that the application
of any person to borrow money for the purpose of construc-
ting a tile, stone or timber drain, should be granted in
whole or in part, the Council may, by Resolution, direct
the Reeve to issue debentures as aforesaid and to borrow
a sum not exceeding the amount for, and may lend the
same to the applicant on the eom~~letion of the drainage
works.
3. A special annual rate shall be imposed, levied and
collected over and above all other rates upon the land in
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;t ,
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respect of which the money is borrowed, sufficient for
the payment of the principal and interest as provided by
the Act.
Read a FIRST and SEC0~1D time this 3rd day of March, 1964.
Read a THIRD time and finally passed this 7rMday of APRi~
1964.
S E A L
s~ 2/-~
Reeve
_ ...-.~
C 1 erk
i~
~K_L~W 110. 1il,.lL
A by-law of the Corporation
of the `iownship of Clarke
to raise `75,000.00 to aid
i.n the construction of tile,
stone or timber drains.
Read a first £:- second time-
3 March 196t~.
Read a third time & passed-
'~ April lgbl~.
?~i. E. Mi_llson,
Clerk.