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HomeMy WebLinkAbout1063A by-law to authorize construction of a storm drain on the south side of Church St. as a local improvement. 3rd. The work sh all. be ourried. on and exe outed under the a r d s000rdin to the directions and orders of superintendence an such Engineer. 4th. The Mayor and' Clerk are authorized to cause a o ontraat of the work to be made and entered into ` wit ' ' for the eonstruotion I p some person or ersone - firm or Corporation . subject to the appro. val of this , Con u oil , to be, declared by Resolution 55th. the Treasurer may t eub eat t o the approval of the C oun0111 .4 " arson for temporary advance a of money. t o agree, with any Bank or p Of the work pending the completion of it . Meet . the cost p R ll be aid b twentT annual 6th: The Special Assessm�en`� sha p y inst filments • ( This period must , be within the lifetime of the work. ), 7t)f, The Debentures to be issued for., the loan to be effected work when com leted ,, shall bear Interest motto pay j9r the cost of the p t six �er cent per annum and be made payable within t vventy years t sett lin the,' sum. to be raised annual- ors the instalment plan , and in, g to of interest on investment , shall not 17 t o pay the debt at the rate 4 be estimated at cno re t han " f our per cent per annum. o 8th. Any persn whose lot is specially assessed may commute the s ecial rates imposed thereon ,, by 'paying for a payment in cash , p a seed 'u on such lot , ...without the interest , the cost of construction arse p , cial Assessment Rolf $ has, been certified ,by ' forthwith after ,t he .Sp e , r 1 r , : N +� t f.on O:r t he TOW-0 Of S 16 • Clerk o f too off'p a a z n lto , ]o"by oe i n the abo!�e ibten • pier ie a t rte oop3 of AD Ault passe a� a' MOOting ta theotlt of t � o�po�at�on tha own of 0 Me�v u 3923 1n t3 ` # r i A; hold on th 40 48 IS I ' Wn ix f h" � 7 15 ubUt 3 r: j 3rd. The Work shall be carried on and-axecuted under the i� superintendence and according to the directions and orders of such Engineer. 4th. The 2ayor and Clerk are authorized to cause a contract for the construction of the work to be made and entered into with some person or persons, firm or Corporation, subject to the appro- val of this Council, to be declared by Resolution. 5th. She Treasurer may (subject to the approval of the Council) agree with any Bank or person for temporary adittces of money to - --4feet €he cos o e wurk;grading t}xo .,, ,^�o-f-it•,-.---- - 5th, The Special ssessme �Yra3�-tre-1 instalments. (This period must be within the lifetime of the work.) - -_-_ kf. The Debentures to be issued for the loan to be effected to pay Jor the cost of the work when completed, shall bear Interest 1�at Sig �er cent per annum and be made payable within twenty years on the instalment plan, and in settling the sum to be raised annual- ly to pay the debt at the rate of interest on investment, shall not be estimated at more than four per cent per annum. 8th. Any person whose lot is specially assessed may commute for a payment in cash, the special rates imposed thereon, by paying the cost of construction assessed upon such lot, without the interest, - f$rthwiGl -aft-ar. the Zpacial_Assessment Roli, has been certified by- - _ ff� ez sad an7-tl arsaftar--by-the_pa�cf such sum as - when invested at four per cent per ann , wil�l-provide-ar zn,__uit -- - i sufficient to pay the special rates for the unexpired portlofi=og ha-= r= term as they fall due. .:PASSED this _= day of 1923- - A � „ �yele P A S VULUM6 3 . I I� t I >II - I .j, I I - ,I I , I t) . I I' I �. I 11. f 1. 1 , , , I. iI'h, , , , ,I 1 , I I - f, I a 7 A I 4 I I J . I A t, I 'I I , I ,. I ,.I / „ .1 ,.. - _ 11.111 I I I. , , , " I .. , � , . "I I 11 , , I , , , r I I ' 1 + + I ., rs , ' • r r , .Y 1 / . ' 1 I I.. ,> • •.. z a,+, # _ s. ' ..a•as�,t 'y, ! I -Z'=,. 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