HomeMy WebLinkAbout1363 ............
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IAW No $
OF THE OORP6R&TION OF THE TOWS OF BOMMILLA fi
0A
A By- Law to authorize the issue
of debentures to retire certain debentures
whi ch are redeemable before na,tur itre
WHERFAS the Town of , Bovmnville is redeemiftg before ,
a nting to $15 , 000 - 00 issued under by-la*
turit debentures amou ,
my
number 1244 and dated the 14th day of September, 1931 .
A ND MIERFAs it is deemed advisable to pay such ,
f
indebtedness by the issue debentures to the amount o $15 ', 000s 0 •
maturing in
bearing interest at the rate of " 310 per annum d
'4
three equal annual' instalments l , and the said sum of,' $15 000*00 1 .
t e amount debt , intended, to be created by this , by law,
h unt of the
of t rateable property ,
"M 111HERELS the' amount he whole r
according to the last revised and equalized .
of the municipality,
assessment roll is $2t 280 1000,0000
Ao
the
AND 'reAjFjMjS the existing, , ,debent,ure debt . of
e of ;,the
non
nunicApality is' the sum of $376 , 724g25jj , o`f, which,
principal or interest. is in arrears.
C
C the Municipal , Board . under the
C ° M FR
C C C C C
C C
60
C provisions of the Revised , Statutes . of Ontario 19371 Chapter
C
C C
C C
oto has
Section Sub-Sectiontd and all' amendments 'ther
C C C C
C C
ille of
debentures
C, t 1w Town' of. ,Bowmanv
- authorized
C C
to the amount of $15 , 00.0 - 00 to pay the said indebtedness upon
c the terms herein set out *
C
( c c,
jq0jj, T.HERjWO1jE- the irmni �pal Council of the' Corporation
of the Town of V
Bowman ille ENACTS AS FOLLOWS :
C
there shall be
That for 'the purpose aforesaid
. , borrowed on. the credit of the Corporation at large the' said. sum
$15 , 000 . 00 and debentures
shdll be issued , there.for in sums ' of
' 0
the rate of 310
not less than $100 ,oOO each , bearing interest at
per annum, and having coupons attached thereto for the payment
of such interest as provided by Schedule "All he:reto attached *
Such debentures shall all bear the same date and .
whi ch this
shall be issued within two years -from the date on
may bear any d at
' by-law is passed and e within such two . years .
fi
P4
d7i
AF
T71
4
VOLUM
2 4W
end shall be payable int. hrae annual instalments during the
three years next after the time when the same were issued , and'
4,
the respective amounts of principal and , interest payable in each
of such years shall be set forth in Schedule "All hereto attached,
30 The debentures as to both principal and interest shall ,
be expressed in Canadian currency and shall be payable at the,
Banat of Montreal in ' the Town of Bowmanvillee
4• The Mayor of the Cox tion shall sign,, and issue the
debentures , and the same shall also be signed by the Treasurer
of the Corporation , and the debentures, shall be sealed with the
. , seal of the Corporation. 010 coupons shall be si'ned by the
9
Vreasurer and his . signature thereon may be written , stamped
lithographed or engrave
5 . During the period of three ears, the currency of the
'
debentures , thorespective - s, of each year as provided by
Schedule "All attached hereto shall be 'raised ',annually for the
payment , of the principal and interest thereon and the said SUIA
shall be levied and raised annually by a special rate suffici ' at
therefor over and above all other, rates, on all the rateable
property in the municipality at the same time and in' the same
•'• 000
• log
manner as other rates ,
• 00" 6 . The debentures may contain any clause. providing, for
. 00 0
the- registration. thereof authorized by any statute '.relating to
0
9 munig. he .issue thereof.,
.4pal debentures in force at time of 't
00000
'Thi's by-law shall take effect - on the day , of the final
• • • • •
0 0
01 0
• • • • • passing thereof•
;
• •
0 000 •
• •• 0
e d ofd. D. 193
0 * 0 * 0 FINALLY PASSED th 07
• ° •:
MAYOR C RK
•
•
—MV!
v:4
VOLUM 4
11; gij IS
a ,r' t
:
M WMAN I LLE
SIVU. CJL" �t tt 1,
ci
Year principal Interest Total
194 5 , 00.0 . 00 450 . 00, 5, 450. 00
19411 5,, 000 .,00 300 .00 5 , 30'0 .00 .
194a 3 5 , 000, 00 150000 .59150900
$15, 000000 90000,011 415990040
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