HomeMy WebLinkAbout1134 by-law to authorize the borrowing of $25,000.00 by way of temporary loan to meet the expenditure on building extensions of two classsrooms and equipment of same for the public school in Bowmanville. _ ! z--
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A a»Lxw of the 'O orporat li on of the Town of B wmenvi l l e to ,
QO e a b way of
euthor�. 2e the Mayer and Treasurer to r borrow 25 , C� q y �
temporar loan to moot the expenditure on building extensions of
two of nrvq roor c .. equipment of same of the Public School in
the T vv: r. n- i ll e J a�
���€♦ t . : f � , 1A ' t ouno i l of the Corporation of the Town of
dloomu it necessary to banrow on the credit of said
Town of Dovi to-jivIll a the aura of $25 ,90ODoOO to meet the expenditure
an bui ldIn g tvio cLaes rooms and equipment of the Public School
of said , To Ui �
T ho � � ( -- the Municipal of pal C ounc✓i l of the Corporation of the Town
is , follows ;
/may s
T ry , l F 'n-}r o� ra rer of the gown of Bowm'anville be
4 rid. „ `�, o �� i )owere t o borrow on the oredi t of the said
�. , ,,: I , e o �. of Q25 .000-00 t p meet the expenditure on
V h b't r� /'t _ IIS _ '� 'iii Afi �r I+A 'i
out 4, 3 a � � . �� o �,he hl �.� h of n Vhe ... own of
and to make and give a promissory note or notes
1' p
`of • ��;; o orat l oa, t here f ore payable at such t ime wit hi n the
ourr n t �joar as the said Mayor and Treasurer may think proper ,
.-lew the same from time to time as may be necessary,
and tc � .gn the said note or noted and renewal as such , Mayor
an ��oaourer and to affix the Corporate Seal of the Corporation
to t ? ,
e and to arrange with the Bank making the loan for suoh
.' at J'! -Merest as the said Mayor and Treasurer may think
�
prop and to pay snoh interest out of the pr$oee ds of any , loan
eo mage
' the day ® ' f• 1�9 �
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