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ABYva alaw of t ho Cor oration of t he 1own of J3 a.Ymany i I a
P
authorizing the lunue of Debenttres for the sum of Seventy give
11undr4d Doblare f Or the purp000 of Heating 3yotem and porpament'
rimanville zbllo
Improvements in'the B oN 6oh00l.
AJU) W111 the ftblia 00hool Trustee Board having made'
" R, .5
appli oat ion to the Municipal Counoll of the Corporation of the
Town of Bowmanvillo for a apeolal grant of 6eventy Five livndred
Dollars
to install a now hoating 9yetem in the
7500-0'
Publio Sohoole Fbr this purpose the Board will require a sum
of Sovonty give, Hundred Doll are 4
AND 'a1iS1W3,$ - in the opinion of the Muni 619W.00anoU of the
Corporation of tho Town of Bormanville., tWt the applioution Of
Oil
the -Public School Board for Seventy Five, Pioueand Dollars 8h Ud
be granted.*, 2herefdr'e the Munioipal 091noil of the 001-Poration
dip
of the Town Of Bowmanv'111-e enaots as follows;
First
rhat The the purpose, aforesaid, there shall be borrowed
on the credit of the ' C orp o ra t i on at large the auto of
Seventy Five Hundred Dollars 47506#00, and debentures
shall.. be issued theref ore In sums of not lees than One
undred Dollars
1A I10Q.C�0 each, bearing interest at the.
H
rate of 5 per dent per annum and having ooupons attalohed
there to for the purpose of Interest
The debentikres shall all bear the same date and skall be
issued within Six'.blonthe after the date on wbiah this
date within such six
Bye, Law was pa a go d And may bear any
months, and chall be payable in 'Twenty annu.sl inetalments
during the twenty years next... after the, t1r. Yie then the
same are Ibbseadd and the respeative amounts of PrUhtpi
and interest, payabie in each of each years shall be as a 64
forth in schedule A hereunto annexe dq wh1oh said
18 hereby declared to be and form part of thi a
By -Law'. The said Debentures shall be U 6 at the L0081,
biawkhof, the Bank of Mont real .0, in the Town of, Bawman villeo
Sea O:hd
During the -twenty, years the ourrenoy of the ,debenturea;
'the sum of X
3i'*hundred and one Dollars and Sighty,two cents.
YM
06o1*82 -shall:,be raised annually-for-thie.,ps (.Nnt,.of..
debt end interest jj by a s P eotal.rate sufflotent thereof.
over
and abov'e all other retes, on all the 'rateable
property, in the, -Muniolpa'11tye at the, . same t Ime and In
the same manner as other rates.
-An n A.
d 4hereas,the amount of I the, whole, rateable' Property of the
Utnloipallty, according to the last revised Assessment Roll
2 93,14 9175
And 'Whereas ;t --e amftnt 614Ythe existing debenture delft of. . t he
'Oor oration &clusiv
0 e off' 100al Ir,,.)provement deibts, oeoured
by Special rates of Assdesment I Is $331,,890*47 41vided-
Be fol.1 OWS
do
" aterworkO and Sewerage Debentures 3.65,708,*2 6
All bAhar exae«nt Local ImDrovement 166 v, 18 9 '91
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,VOLUME 3