HomeMy WebLinkAbout1814A by-law to consolidate the sums expended under certain by-laws into one sum of $62,200.00 and to borrow the same by issue of debentures.
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TH1�R-67'E THE COUNCIL OF - THE �O tPO�t�1TI0N OF xHi� T0�� 1 aF
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For the purpose ose afore said there shall be , bo' rrowed r n the 1� '
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credit , of the Cor oration at i� large . the surr. of Sixty-two Thousand,
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r ' ; '1' ro Hundred Do ,lags (, " 621' 200 * 00 ) and debentures shall be issued r .. .
therefor i.n onef consecutive issue in sums' of not less than • One I
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y;f b
Hundred Do lars ( $100- 00) each be interest at the rate of , .
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five. and three-I I quarters , per centum per annum and having coupons . -
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.payable annually attached thereto ' for payment of � interes;t .
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11 2 ) The' debentures 'shall all bear the same date and shall 1 .
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issuedinoneseries Burin' the year 1961� anday :bearany date
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writhin the ear 1961 , and the principal shall -be payable irn annual
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' instalments daring the ears 1962 to 19$1 , inclusive ) and the respect-
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- " ive amounts of principal and interest payable ,iln each 'such. year' shall
,i be those designated in Schedul .I .
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IThe debentures as to both rincipal and a.nterest shall be
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1 . y e�tpressed 'in Canadian currency and may be , payable at any place orb 1, I
`;,. ' , places in Canada^._ 1 1.A.'Yr j 1 . • 1. ,. 1 I - r + k
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( 1�. ) The Mayor and the Treasrure�r of thy, -Corporation. hall sign and 1.• � f , .
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1111 I s ue the debentures which shall �be seal(. with the se
of the Corp-11 .i s I/. 11
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The none -to , be. borrowed as 1 aforesaid shall' 'be apportioned 1 .
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1. {°z�$'sk,l1 Sy-Law relating thereto as set. forth .
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f � �' ised annual. in each of the years
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, , ( 6 ) There shall be levied and ra y
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1962 to 191 inclusive a sufficient sum tomeetthe annual debenture
k ;a a ents asl ravided in schedule "i� " hereto upon all the rateable ,
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r , property in the municipality °at the , same time and i•n the same mariner
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`, R.5r, a8 all other rates • rovided however that the amount to be so l Z vied
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,special as essnents as set forth in l the sev�;ral special alssessment
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1 ''if; eructed under thQ roviefons of the Local Improvement act which Y.1 .
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Itands liable. thk)refotV
are,, rebf imposed upon the
assessments
a
ell, slpe� l
ed
here is heraby--impos.
it forth,, nd for - that purpose ,
se
as, there" n
Is
n he said saveral S p t rol
ntered t
y to
dssessed fronta e thereofy the rate necessa ,
according to the , 9
said
in Judas interest ; sho Wn in, the
: yield the annual sump - which , c
rid taxes
r
special , as
he .
collected annually bY t
ial , rro-Ites shall be
-and . the spec
t'he ' -sane ` time and- , in the sam , manne.r
on
s
o:f Taxe for the Corpo, rati
as, other taxes
orce ,, a (,,,f f 'act on the' ,F,
fid tak
'Law shFalI into
COM
This , By
ereof .'
inal passing ,th
of -the . f
day
ugtu D 9614
a of --sty
RE;LD a Fir'st and Se co nd t1i,
/4t4day of ., e.
th " s
and 'finalfty passed
R&ILD. a Third time
D 1961
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