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LF.1D Rev. July 7952. a
Ont.
Municipal By-law for Current
Expenditures.
seam rrhded In Grmde.
Municipality of........~tY~?SH7:~..9k'...T~..A~?~I~TGTON ....................................
BY-lAW No ..................................:....~~.2..................................................
WHEREAS the Council of the Corporation deems it necessary to borrow the sum of
....,~ IJ~rRX ....7lftQi7~l~NA ..-r. --r..--r. --r..-r r..-r. -- c --r..-.c--.--.-.- r.---.--r..--r.---.-.--........dol lara
to meet, until the taxes are collected, the current expenditures of the Corporation for the year;
AND WHEREAS the total amount of the estimated revenues of the Corporation as set
forth in the estimates adopted for the year tg.5.6:., not including revenues derivable or derived
from the sale of assets, borrowings or issuance of debentures or from a surplus, including arrears
•NOTE: Insert am- of taxes, is' TJ.'L.OQ. --- ~~'
ourd oP esemete0 ......... ......................................................................................................................
revenue far the ~ -
eurreM if ed- .
opted, if~iiol, thoee g'~S..HUPIDRED.AN.[t..TJNENTY.-F.IYT.....TtLQIISAI~Jl~--r..-rr..-r.--r--r..--r..-.-r..-.-r..--r.....dallars.
of lent yev.
AND WHEREAS the total amount heretofore authorized to be borrowed this year for
~,°~EOat~ ~,,~ the purposes mentioned in subsection (1) of Section 341 of The Municipal Act is ............................
6y-law(s) peened
this yau.
...............1~.3~...~.~....................................................dollars, of which the Corporatior. has already
borrowed atotal of..........L.~~.59....:.bb :.......................................:.....:.........................................dollars.
THEREFORE the Council of The Corporation of the........... TOWNSHIP
..............................................
of ..................A.AAI.IIfGTf?IV..........................................hereby enacts as follows:
1. The Head and the Treasurer are hereby authorized on behalf of the Corporation to
borrow from time to time, by way of promissory note, from the Bank of Montreal, a sum or
sums not exceeding in the aggrogate.......~/.,~~ - ----------------------------
F.IFTY..~iDUSADIDr.-----.---.---•---•---•--dollars to meet, until the taxes are collected, the
current expenditures of the Corporation for the year, including the amounts required for the
purposes mentioned in subsection (t) of the said Section 341, and to give, on behalf of the Cor-
poration, to the Bank a promissory note or notes, sealed with the corporate seal and signed by
them for the moneys so borrowed with interest at a rate not exceeding.....~`,t~a::'.....per centum
per annum, which may be paid in advance or otherwise.
A by-law authorizing the Treasurer to borrow a sum of money to meet, until taxes are collected, the current expenditures of the Corporation for the year.