HomeMy WebLinkAbout1171 A by-law to authorize the Mayor and Treasurer to borrow $60,000.00 by way of temporary loan to meet the expenditure on Local Improvement work of the Town of Bowmanville for the year 1928. -_ , <,_. • .. -` :.. ,.. ..s- .,. ,,, :k ';:i Y , a"`1:;A. i* -,-:+. Wit.v S. ,. �"' + >
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No
• �3Y iaAW D�
A By-Law of the Corporation of t he Town of Bowmanvi lle
to authorize the Mayor and Treasurer to, borrow $60 ,000* 00 , by
way of a t o mporary loan to inee t the ex pepd i t ure on Loo al
Improvemo nt work of the Town for tho year 1928 .
WHERDI AS the C ouna it of the Corporation of the Town of
Bomnanville deems It neoeseary under the authority given to it
by the Local Improvement Act , to borrow 060 ,000*00 to meet `
the expenditure on the Local Irnpro'vement work for the year 192840
TaLFO the Municipal Q ouric3il of the Corporation of the , f : .r`, t• .
TOVMI B��r ran i.11e enacts as fol�.ows ; do
', • `' HA the Ida or and `h'reasuaer of the Town of Bowmanvi lle
be grid .:they* are hereby empowered to borrow on the credit of the „
• C orpord i ojV of the Town of B�►�anvi lle from any person or bank
any., um or , urn not exceeding in that vrhole 46o .000. 00 sixty
Phou an Doi ]L ;s ) to meet t ho expenditure on Local I mpr ova men t
r�t b the drporalti on of the Town of Bowaaq�nvi 11e for the
"aur; nt , ;ye ► `d t o give and make a promissory note or notes
Hof the 4:org ra on therefore payable at such times within the
euft6r1t ,ye so, t he Mayor and Treasurer ,may think proper and ' t o
A a, renew 0i s4me�` from , time to time as may be neceasgry, anil to sign
�! the e�: i n&�t oo notes and renewals as such Mayor' and Treasurer
and::�' to ff t Cor orate Seal of the Cor oration . t o seine and t o '.
arrge `wi the party or bank making the loan for such rate
of Uate eetl. 'as . the said Mayor acid Treasurer may think ' proper
tend ; a a ,d. ix�tere$t out o the proceeds of any loan so made
ti / �
P ased. is , , day o f .I� . 1 28 .
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