HomeMy WebLinkAbout2074authorize treasurer borrow bank loan tax revenues repayment terms
2. All sums borrowed from the said Bank, for any or all of the purposes mentioned in the
said Section 341, shall, with interest thereon, be a charge upon the whole of the revenues of the
Corporation for the current year and for all preceding years, as and when such revenues are
received.
3. The Treasurer is hereby authorized and directed to apply in payment of all sums
borrowed pursuant to the authority of this By-law, as well as all other sums borrowed in this year
and any previous years, from the said Bank for any or all of the purposes mentioned in the said
Section 341, together with interest thereon, all of the moneys hereafter collected or received on
account or realized in respect of the taxes levied for the current year and preceding years and all
of the moneys collected or received from any other source, which may lawfully be applied for such
purpose.
Passed this ..................
CORPORATE
SEAL
Clerk
hereby certify that the foregoing is a true copy of By-law No... ~~~.,,.,... of The Corpora-
tion of the ..... S'CNN3HI't ................... .
...of......D~', , . ,. „ .,,. , in the Province of Ontario,
duly passed at a meeting of the Council of the said Corporation duly held, and that the said
By-law is in full force and effect.
Dated this .......................... ..................................day of............ ~3r
.............................1 ~~.....
As witness_the Seal of
the Corporatidh.
~/.,f /_.LG.sc Q.C.Q..
- Clerk
-- CORPORATE
SEAL
_ \
8oet. 347 of
~~ter 243, R.s.O. EXTRACTS FROM THE MUNICIPAL ACT R.S.O. 1950.
Currene (1) A council may by by-law either before or after the passing of the by-law for imposing the rates for the
borrawinas current year authorize tha head and treasurer to borrow from time to time by way of promissory note such sums as
the council may deem necessary to meet, until the taxes are collected, the current expenditures of the corporation
for the year, including the amounts required for sinking fund, principal and interest falling due within the year upon
any debt of the corporation, school purposes, special rates purposes, and for any board, commission or body and
other purposes for which the corporation is required by law to provide.
1
unit uyon (2) The amount which may be borrowed in any year for the purposes mentioned in subsection 1 shall not,
borrowings except with the approval of the Municipal Board, exceed sevent
revenues of the corporation as set forth in the estimates adopted fo rtheeyeam of the total amount of the estimated
Tamyorary (3) Until such estimates are adopted, the limitation upon borrowin
a0piicatio" g prescribed by subsection 2, shall tem-
of estimates porarily be calculated upon the estimated revenues of the corporation as set forth in the estimates adopted for the
Y~roceai"g next preceding year.
Exclusion (4) Forthe purposes of subsections2and 3, estimated revenues shall not include revenues derivable or derived
revenues
tram astimatea from the sale of assets, borrowings or issues of debentures or from a surplus including arrears of taxes and proceeds
from the sale of assets.
THIRD RE~IFiING
CORPORATION Of THE TOWNSHIP OF EARL(NGTON
COUNCIL OF' __-______________ SESSION, ____.
-------
Mooed by _____` __~Seconde__ /
,ewe
That a By-Law to --- -'~~_/~_'_f~_~__-~ 3--~~--- - - - -- ---- -- -------=~
MAY 2 =1~~
------ mil-- - --------
~~Ilw.Q
as reported by the Commut~eJ of the Whole be read a third time, passed and numbered.~el~nd that the said
by-law be signed by the CLC~-k?_~`_~'_______- and clerk, sealed J J, `" seal o he Corporation, a be engro ed
in the By-law Book. / ~~ ~ /
SECOND READING
CORPORATIf~N Of THE TOWN$N:P 0. DARLINGTON
COUNCIL OF --------------------- - - -----
-_........ - v-
8 Mooed by ------------------------------~------------------- Seconde
ss
S 6a-o
9 That a By-Law to ___E1.r,~-_'_-~___~_-_
------------- ---------------------
U
i ______________ __ ____________ _____________________________________ ___
W_
H be read a secorud time and be referred to a Committee
a
d
FIRST READING
CORPORATION OF THE TO'+VNSNIP Of DARLINGTQN
COUNCIL OF':.--_ ~__._._ ._--__:_:__________ SESSION,
--.,._, -
Mooed by ----- ---=- - - ---------- - -- - S corded b - °~
--
J-D~rN
That a By-Law to _ ~.~d`!/t OG/---- ------------ ---- - -- - - -- ------ --- -~-- ---
No.-- - --
MAY 2 - 195719___--
No.-_-
MAY 2 a 1957
------- - - ---- i9---