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HomeMy WebLinkAbout1322 { h F ;. .., - , i„ :.. - . . ,.,. �i 1•Y`Y ld�,{ktriv'.•1.:� ,,. �{r ' 1 i � 1 1 , r • it I Lis So Aeve so SUMP OOL Munlolpol ey-law for Current ,T Expendituresr MnQa FWnbd In QNWS1 Municipality of BC)�Pl�CAN t .,� ''•� •11.1•.••.1.1•.11..1.1.1111..•1•..1.1111111 111111.11.111.1••.r•.1r,..,r1.••.r 'I " ' r r BY-LAW No.........1......./...1..1.......................1...1..,..........,.....1,.....too � A BY`-LAW to authorize the borrowing of �.... ... .,1.. .. ... ..... .. ......,...................L.•...... 1N EREWthe uncil of the Corporation deerns it necessary to borrow the sum of r � F tai —�' dolhrs monk •`•s•*• as r„ f .1.11••111111•.•••111.111111,111.1.1.1•••••11.1.1.111.1111.111 r.•.1111.111.111111•r11.11.1.11111.1./1.•a1•rJ•• �� t meet, until the taxes are collected, the current expenditura of the Corporation for the year; r �. AND WHEREAS the total amount of the estimated revenues of the Corporation asset ' estimates adopted for the year 19.Me.., not including revenues derivable or derived forth in the est p 1 ; wings and issues of debentures is * { •HOTEL lm*t aw from smears of taxes, borro .... ... ... amt w .ranu�tea �o ! wenu.r ror the ; awmnit ysu ollars btf, if nod, these H" ! ..•1.111.11 1a••1• .•11.1.1 •1••1.r1.11.111.111.1111r•�1••r••.r/r r•..IN,1.111.,•111.1..•.1.11•• 111111.11.11•r1•rrrr•,1rrr,rr,rrrrr•r,•1„U,11• •• • pl.. r . Irt , { • wed this year for t AND WHEREAS the total amount heretofore authorized ,to be borro . ye NOTEI .m- Section 334 of The Pa �.rt Munici 1 Act is............................ � the purposes mentioned in subsection (1) of Sectro � � r ' .,{ owed <- which the Corporation has already dollars, of L r 2`*fed1s@V` see 00000*D00-0.Ocoee**so'69.9100496000?99 Soso*oboe. ¢G borrowed a total of........ p� . ....................:....11.11.1111 1•r 111 1.11.111.1/1..1••1 1••...................•.:.............1.............. { ° 4 c THEREFORE the Council of the Corporation of the............. ..........................................,.. E $01VMAN . ' 4t of..r.r/1.rrrrrr,rrri•r••,••1••,•1.•1./.F11.1••1 N.1•.1•,111N_•1111a1H,r111H,.ar1r• hereby enacts as follows. '1 i. The Head and the Treasurer are hereby authorized on behalf of the Corporation to j+ �° , f �} { borrow from time to time, by way, of prornisso y note, rorn the bank of Montreal, ,a sum or t.] �, / - ...... .......... ....... ... :.. .. ... .. .. :. .. V��. ..... ... , .. �,. -.}n'e.ri 1:1•;•1. .{1r 5!i;i,l.'"...II,J,1r'.r\r4' (!1:trp,.\.,A\r3Ff. .:f,.., , 8urrm of exceeding in the agAreg t ae� , ' _ oil mee until the --- --- -- _ dollars to t, un i taxes are collected, the $ •••��,��.,,•1r•r11.11•,1.aa.•11.•1..1.1,.1....•....•_es••1111 H111•_11•aN 1a ", S _ wired for the curr+en# expenditures of the Corporation for' the year, including the amounts required vase mentioned in subsection {i,) of the said Section 334, 'and to give, on behalf of the -Cor- purp •t Nr l notes sealed with the corporate seal and signed by �. • � ' ,,:, . , poratron, to the Bank a promissory note or . ' ucentum x dIn e tree ... ..... ..7_.......pe r S them for the moneys so borrowed with interest at .a rate rro# g1 r .•arum which may be paid in advance or otherwise. 7 per Y h s , -,_.: _s:�.0 as •e'_ r .r r, - �'A'N�?SZ'"L, 7M:&:aro..:L�;;'.:a ... ..... L:..; [�_�e.. ,.. . x h.?: , s .. ,-yy �.1. - -, _� •., .. .;: OLu, I I I 1 - ' ,, t I , - I , t 1 1. I I 1 ,� I , � ► - t ' I � , ° f. I • , I ; I I . , . • a.., ' � \�s F,�' I I ,I r } I ' 2, - All sumo horrowed from the said Bank, for any or all of the purpow mentioned in the ' " 11 ;�11 . � , 1j - said Section 334, shall, with Interest thereon, Im a charge upon the whale of the revenues of the �, ,� Corporation for the current _ __._ - _ ,, year and for ail pr�ecr3dina years, as and when such r�evonues are . W 1 reoelved.� 11 t�'i . , : F Ir �{, ,'I' 11 iit r� 1,E ' 3. They Treasurer is hereby authorized and directed to apply in payment of all sums � � ,, , 1, 1r , borrowed pursuant to the authority of this By-law, as well as all other sums borrowed in this year J , and any pmvious years, from the said Bank for any or all of the purposes mentioned in the said ',tip . . .. 1 �`� �r�Y„ Section 334, togethor with interest th©noon, ail of the monoy8 honeafter collected or received on � f, mount or realized in respect of the taxes lovied for the current year and preceding years and all j'a'° of the mono collected or r�eceivod from an other score© which may lawfully be applied for Such .11 11 z t y } ,�` purppse. ` . , ' ,r I'aed thi$ /66.. day of I �!� ...................�,..........,.•....... .......�.•....•......... .... ......................., .................19..... � 0 , I"' , 1 - ii . ,Ike;,, n r . ' l ., I ` : , : , ......... ...i••• ....•.0 .,.... .r............. ..... ' "rt SEM YI%Dead of the ion) , } . •. . I .11" Q l I .­ IC 11��, , r , { • , of 8y-law No of the Co pora- If ' M1 4 � , herreby certify that the foregoing is a true copy 11 1 9 BOWMANVILLE , tion of in the Province of Ontario, duly passed at a ,, ' ..�.•..•..••.•r•..•.....•.►•....•.••...........••••.•...u...••...L.YY.of . i •.• 4 i - E ` ` Ming 'of the Council of the said Corporation duly held, and that the'said By-law is in' fu , r, , I - . A . A. ` �,it, force and effiect. �i; ' , `. If i} /� ,� , Dated this day of . G .............1 .. ...........................................,......,......... , ,'k . . .t .11 I f ?� , is I ilt!, . ��,:. :.I . r't' 0 � . I r I I I , I ,, . 1�� ,,� -7�j_ ', L' . '.a r, a ,: ;'f. witness the Seal of * A 1.- ,r r �' the Corporation. I I . 1 , y jFt �;':; I i ..••of..•.u•.�•.,uYU.•iofofof..•..•a••roof........•. •...• •.• •.•• •..•. . ,, . . C s r � . E I., I, t 7 ><: r r d I, � ,. _ W;� :.. .. } I .. ; _•S' . .:,. �RPOAATE It r•1��t SERI. ' , r{. - . ..11. , •a r :, r.,,ire t} I . `.t', .11- i ; a.,,, . .. 11 Iv:, � . [y ,T'i� „; ., ;I S y, • i . tk 1.., �r, . th ,,.,,, a J -,-Z' 11 I i iI 11 F,�i' ,. 1.I j,aK ,, , i J.... I` 7 1. 1 - .. ,.,I. ...... t . ,, I -. . f�334 f ✓ 4 ,. .. I - _ IV I ' , gmnootw . EXTRACTS Fk0M THE ONTARIO MUNICIPAL ACT RY .O. T. b { �� 51 - r3 ,. ,. .... - '1.,..,. . , L61 (1 A council may by by-law m current either befo p f rore� note such re or after the bwy-1 ing of the ng aw or � posy { - 1't :'' bnrrowirnpt cur a head and treasurer to borrow from tre a t� time way,of.t. ch sums as t ren yaar authorize th . � , current a nditures of the corporation y promissory, " tU7 tha council may deem nesary to meet, unt�i t3 � 6 �olot�d, thy. ape th _11 - • `'' .I for the year, inclucJirg � a u t r quiz d for o3nN hind:, �rprin ! nu3 �n t failing due within a year upon 1K ,F . , . y and A any debt flf the c r �r t o�, �cl o l a Y -, ,' ra f- �y�sUT'"3D and f®r any board, cornrr�is�i�n or bed . yr � ' s . �� other purposes for Villich tl 3 ,q-!I watiun i oar d ! c^ o pro d . aY11, �` l . . I. r , �, •• ' t I'll , , upon , . (2) The a c)nn_� ,rla�c�� -,,r �� h�rro�r�,ci era -ny y3av nor F�h� purpos mentioned in subsection 1 shall no , . 11A t with tha ro�� l ®' �naro iunicipai �or , �ccrlventY per centum of the total amount of the ' vrinps 6XOep .11• �,I,1! estimated rave n � car oaiort s s®t forth in !» timate adopted for the year. ',i I 1 z .1! fA I I , � Tsmpora�ry ' (3) � t i u �� i aro adopted, the'limit tion upon borrowing prescribed by subsection 2 shall tenr } µ o yeti aw orarily be alcul tcd upon the estimated revenues of UD corporation as t f©rth in the estirnafiI adopted for the , - • tR p F i , d prewiding 1 fir' r next pre�din yak. " r y I: yi . .. Exoivaion (4) For the purpcas of subsections 2 and,3 estimad revenues shall not include revenues,derivable or,derived 1." from �tlmated from arrears of taxes, born'wins and issues of debentu . .� revereuee. I� I . . . . . ,; \ I, � ­1 I . . '.FI. .. %i. r :`Jr 311 .. '� I .,.r ....,.I.... ' ° ., s. ` {: . . 1 , `. I I _ ' , I { . , . . 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