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I I � . � ,,. �:,, I ,.: �PI ,� "!�..�.1 I ,,,,, I : ,, , '. � "I 1�";'­% �:­ I �.: . � in the A. V . I "I , I I I . . � ­� ,� . � 20' Alt,sum' s borrowed from the sald .Bank;for any or all of the purposes mentioned .�. �' .' '. ,�- �.­ I I. It, I 11 11 1,1. �'­ '' I . � . 1 . . . I . I . tI� I I � . .1 � r , I . .. rl �1, ,�, �4 . 1, I, I " , . 1. � . � ., 'I, ­� 11, ` a n 6 e, I V . . I .1� '. .� ,�, �, , said Section 341,'sh 11, with interest there'on, be a,charge u0o ' the'wh & of the re enues of the , , , 1� , * � 'i­­ . . I ' I . . . '. 1:,� . :. � I � I . . �, � , ­� I I . .. I . I I �.,� �­ I I . . I I ""o 1. . ­" f'. I . I , IS I � 11 I ,- s, as and c nues are , %.;�;,�1: I I . . . I ,- 117 , Corporation for the current year and for all precedi ,when su h reve � . I I I . . . I I I I 11 11 . � I .1 �, I . . I . � , I 1. . I . . .11 I I . ­ I I . ­ ., 1 I'­�,'�,'' � 0 . I I I I I � . � . . I I I ). "" � "".'' ,. , �, . . '..',,:''. -� received. � 11 I . I .. ".%�, % .. . . . 111­1.�, �'., � � I . I I � : . 11 . " ,lill. � , � , . I . 1: ... . ,, . I I . I. I I'll . ". 1 ,..,.. r. . I , I I .: 0 . I . I .I ., . ... r .11 . ., Y"I . I I . . . ­ I­.- .- I... I ,, " I . � . . .� . I I I 1 . 1, 1. I, I � � I I I I I � . I I I , 11 . . . � , . . I I I 11 . : � . r ; 1 3. , The Treasurer is hereby authorized and d i rePted to apply in, payment of all sums f . . 1 1, ...�r :I.,,.. . , � � , 1 I , � . � r I I . 0 a I .... I - � I . f 1 . � , 1 . . . . � . . � . . I I . I I ' , ,','r '' - ­ borrowed pursuant to the authority of this By-law,, as well as all 'other sums borrowed in this year I �.,i:ll" . . . , . I . 111. 1 I �, . ;I... , .r I .11 . I . I " 't, , � . . . I I'll ., . I 4 "I ' ' , . . .1 . 1 � I .r. . . .1 and any previous years, from the said Bank for any or all of the p6rposes mentioned in the said I. . . . . . . .. � . . . . " I- � o , I . . .., _­ I I I , It I � I , : - I 1-T 11 . � . a W 'I,, 1 . " , , I :, 'Section 341, together with interest the I reon, all of the moneys 'hereafter collected or received on I .1 I .. . . 1, .." � . .P I 1 . I 1 I " . 1 11 1. . 1 . - . I 1. , I. accou . r I ' � 11"t, . 1� I,t.. , nt or realized, in respect of the taxes,levied for the cu rent year and preceding ,years, and ,all. I ' I . ,� � , .1 .. . . I . . I --___ : a __.- I ___ . �. . . 11 ----W-the moneys collected or received fr rce, which may lawfully be applied for such , ---�-,, - . I I . I ., . I I o any other sou I . I I '. ,�j I ,�': ' ,.:, "I I . .� r , I � . . . . . 11 I . � ., 1 , 1 . . I , . ­ � I . � . . . I 1, 1. I 1� 1. ­ .11 I purpose. ' I I I . 1 I I . . . �� I I I I r .. . I 11 � I I I I I I . LI :I-6.19 , " .. � 'I', . 11 I I I . I I I : 1 I I , `� , I , . I � . . 1 . I � I I 'I., . . . I I . . .1 I I I I . ' ' '62 11 I ; I ' '. . '. I I . 1 . I I , 11 0 1 . .. . ,* .1 . I . 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I 1.� . 1. , I . , I I . j'�': , � , , � . r . � �j � . . , . -. � I 1 � I . . . I'' �: ,I, , ' ' CORPORATE 1. . I. ­ .1 I .- . I .1 . I , . 1, I , .. .� . I I . � I I I . I . ", I - I . I . � . .. . I �. I 11 I . , (The Head oft 00 I I I r I I . � I I I .'11.1.�.111­ . I 1 . 1 ., . SEA1. . . ;, . . . I I � I I . I .1. I �. It I . .1 . � I � .,,� �1'1 I �; . � 11 �' '., I ,�,- i'll" . . I I I" . 11 I . I . 1". ­r­�,. I I 1. I I ,� ._ . I 0 . . 11 � I I I . ' I 1� I. ,�,� . , _ I . . I . . ''. . .- ,: . . I .. . .' ' , I ­­1 ,­ I .: . .. I I . I ", . ,� , I . . . . � � I . I. , I r.. 1 .11111�1 I � I I � 11 � I I I �11 . . I � .I I . I . I � . . : . � ,,� ,,. , , � . � ") , ;11111­tI1 . I ". ""'­�!. _ . . r I I I I I . . :". �_ , � I .1 , ,. I . —— �'.. � , It" . I I I � I , .�.1. . . . I � .� . ,.'­;t�_: I . I . I I '' o $ 1 - _ I � � I., .: ...a.. .. . ..1 .. .. ..O...... .......6. ...* � I . ..:, . . . . :11 :1� ,"61", .". I , . , I , . - ., I O...........O.. . I I .. 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'!.I I� �, " I . I � , I . � . .. . 1, � �, . I � . . . , I %.a ­1 I I . .� � j. . , . �0, - , . I I I � �, . :It I � . I I . I 11 ;I t; ,ft* �� . .� . .."' . . I . .I . . '. ,,,,,��,'-I 11. I ,,, I. I. , ,: .,tm I . .­' . r , : : "",.', r , ,:,:� � .,. ,. ,. :, ? I .. ., .," , , I .� . I . . I . �, I � , ." -�i :,", � ,I� ", I I I I . I �,i, , 4 I I I I . I . � � I �.I : I I I .I I I I . . I . . I I ,�'. , j', .1 ,,, I I % I I I . S , I I I , I I � . I I � I I � I I. I-_ I .� � � � . I I �, I I. .1 I . . I . . I . . . I I � 1. � � .,�'? �.. �� I . . I�. j­­ , � , ".., ,, . , , I -"%". - � I � 11 . , I � %, , " ;,-. �, I '. . " I I I . . . . I .I I I I I I'�I ., I . . . I I . . � i -, I �] . I. � I I I . I I I I . . I . . . . . I . I . I I 11 . � I I I! I It - . I . I . . ,., . I . r.� ., . , . . I * I . I I I .. � I I ; " I I ;I � I � . : . I ._, . . . I, ,, I I .� 1. I . 1. . -,I I ", � ­6 1 .., . ,, .,. . I . I I I �. � I .I . 11 I . � .I 1 I . . . � I .I I 1 34101 , ,� . E A, 0T R.S.O. 10 � " . , "';­ .".., 1'� I . ". � . 1 . .. . . I I � I I . �', I � . 1, I'' - . 20t ASO. . . �i - - . . I . I I XT 4 FROM THE MUNIC1.PAL 4 1 1 1 . I I I . , � � 1, I � . 11 . ... � .. . I . . . I I. � I "I � I . I I . . I I I . , .�'..'.I� I.., . I I ' . .. . I . � . . I 1. . . (1), A council may by by-law,sithier before or after-the pawing of the byAaw for imposing the, rda for the I I � .., ,; � , I . I . ' , . I 'o 1� It . I . : cuffent ­ ou.rrenty�ar authorize the head and treasurer to borrow from time to time by way of promissory note wAh sums n . I . It . .1 1. ,II I � I I ,� . boriowings I I . I I ay-doom necessary to meet, until the taxes are collected, the current ex ndit I ures of the corporatiori' -, , I- ­,1: �'.-. '11� , " . ' � I . the council m ling the amounts required for sinking fund, principal and interest,fal ring dukwithin the year upon . . I � �11 I � .':I .11 I I , . . 'for the year,, inclui i , ' � ` 11 . ''N 1. I � I , � ' 'I I I ­. any debt of the corporation, school purp?ses, special rates purpom, and for. any board, com�ission or body and r ­.. -11-111111­, _ ... .­­1­11 1 4­­­)", . I I . I �,­,, , ,. �1111 I.­�,_'­�" Ij I �.,.I I . - .I . -,---- I "", -other porposes for which the aprporation is required by law to provide. .. � $I,;, I � 1 . I . . I I I � . I . I I . I � Limit upn - - 1 (2) The amount which ,may be borrowed in any year for the purposes mentioned in subsection I shall not, , . . r: t,, , ." I .I. I I � I I twiewinp , ' exoep' t with the aOroval of the Municipal Board,-exceed 70 per cerit of the total amount of the estimated revenues Of . .. . � .� . � I . .. . I k �� I ,4_ 1 � the corporation as set forth in the estimates adopted for the year. R.S.O. 1950, ci 243, s. 341 (1, 2). - I ' . 1. - io_ ­I �,L I ,1__1....� ._.�I I . I � . ��- ..---.-....i.-,-....,....-.,..�.,... . I . . 'i, �411­ '�­­ ­­­ ,"r . L .1 I I : � (2a) The amount which may be borrowed at any one time for the purposes mentioned in subsection I,together .1 , ,... . �1,I ,. 4 ..I I . an repaid, shall not, except with the approval of the Municipal . I . I I � � with the total of any similar borrowings that have not be I ­ 1 'r ,, . I I I ,. ��_ . I ­ I i I'I.: , Board, exceed 70 per cent of the uncollected balance of the estimated revenues of the 'Corporation as set forth in the . I 1. 11.. , r,­1 .. .,1 ; .1 � . . . , I � I 1; I I I I . .......,,,� '�'­',j.'.,,,, r . I 4 - .11. - . I . . I . I .1 I I � � estimates adopted for the year I , I � . � " I , .�'L".' .! - . I 1. . ­ , - I I . . � I I of June in any year, that any amount is borrowed under this section, the , . � , I� .. ,, ,!..',� , . I ' L I ; I I � " 1, " :. . � . . 1. I I (2b) At the time, after the 30th day iiing the borrowing and a statement showing the , ,. '': it ' , , , I ,�r- �I­ "4 , treasurer shall furnish to the lender a copy of the by-law* ,authorl ' ' �. , I I I .1 1111 1.I '.. . I � . i 1. .'�I ." I., I I I ,. 1. I I I I I I I nature and amount of the estimated revenues of the current year not yet collected ori where the estimates for the ' - 1. � � , I L I ,, , , j, 1. -1 I K, .�. . I �,�, ,1, r . "' :­��` �r . I . . ar have not been adopted,,.a statement showing the nature and amount of the estimated revenues of the corporation ' .- .� ; ,L. .,.� ' 11 ". 1. � . . . ..:,. __­.�_ip ­ I . :, ,, '' I � . 11 ye mounts borrowed , ` ­,, ' ,. I� , �� : as set forth in the estimates adopted for the next preceding year, and also showingthe total of any a . . 1 . I�.:­� . . I 1 4� � I ' I I � � .1 . I . : hat have not bon repaid. 1958,c.64, a.23 (1). 11 .1 ­ �. , I i under this section t I . I I � ' I ' � 4 ' Tawnwary ' . . 1 (3) Until such estimates are adopted, the limitations upon borrowing prescribed by subsections 2 and 2a,shall ' .. I I . �I'' '� "I I 4 . Awlic"n I I corporation as set forth in the estimates adopted for the . . . .P ,�, . . I .. An : t6rriiorarily be calculated upon the estimated revenues of the , � . . of "tinw I I I . .� I . of peoding next preceding year. R.S.O. 1950, C. 2Qs, 8;- W (3); 1958,, c.'04, 9. 23 (2). 1 . r' I , . I I YM I . I : . 'i I Exclusion I' . (4) ' ,For the purpose of this section, estimated revenues shall not include revenues'derivable or derived from , ), . � . �* .. Ated r %e Owe of assets, borrowings or issues of debentures or from a surplus including arrears of taxes and proceeds from t: ; � from ediff � . , ", I . I � - , I I ' , ­ revenues , , " sale of assets. R.S.O., 195D,cat 243,, 9. 341 (4); 1958, c. 64, s. 23 (3). � I . . I I : ' '. (1. . I I I I . . I . I I I I ' ,- ,* ' - ` It' �.' ' ' I I � . I I sufficient available under existing by-law(s) to provide for the frah mistanoe required , f. � ". . 11 I I � I N.S., If there is I I I ,r , ,,�, .� ,'��.- . I I I I I , , . . . , �, I . . 1. ­ � . . I � . � I _11 .1i�q,�,�:L �.,�, -­., I I I . -.1 .�� I 11 . a now by-alaw Is not needed* I . I . - 1 .�.'""',�i,,��,-,',',�-,,�;-"".�."�,".�'�,,.�.'�,'�,,"�:,��,',,,,, ,� . . . . I . I I ;, . �� .. �� I � I - t;& , ,, .. ,� - ;" ;" ;" ;" ;" ;" ;" , . "-,�7,�;," -_� ­ q I I I W � , � . I I . . . � I I . 1 4 .., --,-,,�, _,�;,, -,i"" ",�,�,��, "; �, I I k.. ," , " I I ­ , ­IM,�,'­ I" . � . I 1_2f "I I " , , ., r�,14. : - , I I .1 , , ,�', � __ �i,,'t � , I � , I . . � I ,.,i��",t�,4'1,". .1 ,I�;11 I i . I , - , , * , I . I �I �Iff.,1�1­� .1 *1 � " ­ , , .. , " , I I I I . I . k I I ",,,,;�,l" _ -_ 11 I L 1- ­11Z , � . ­ ",'' �... I­­ � I . I I . I I "" ��,O�­� .- , r � I I , , " �. I 11 �" I I I I � . . , � ..�,"I,I�,�;,4 y,t- I '`4,� ' - ­ "� . I . 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