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HomeMy WebLinkAbout1556A by-law authorizing the borrowing of $31,500.00 upon debentures for Local Improvement purposes. ^+ - 3 . The debentures as to both principal and interest she 11 be }payable in lawful money of Janada, at the main branch of the Bank of 6:ontreal in the C itv of Toronto , at the boy nch of t h� Bank of L-ontrea 1 in the T' wn of. Bowuia,nville or at the Ct fice of tine ureic p�j1 Treasuz• r in the Towr of Bownlpnville , et holder ' s o titer: , f + . The debentures sha,l.l lie sealed witrl, the ;, ,8%1 of-' the 'Jorl oration and sicrned by the :.:�:� or or` b sorr;e other arson. �,ut to a Y 1 r ri .. by y -Zap► to si :Jr the s�;rne , and by- the Tr�e � su..'r rr . The s : id interest coupors she 11. be signed b�� the Tree �l�rF r �, r ; .is si,. :Jr eture thereon rnav' be writt�r , ,s�t Tr-, litho�rra 'hed or engraved . a ) That there shall be r<lised in each year in - which an installment becomes due , by a spec ial rate on al. l rateebl e property in the Municipality , 8 specific sum sufficient to nay the said instal'lrnent when and . r as it becomes due , but no fyrea.ter rate shall be levied in any, year- for such purpose , than is required to pay the installment after taking into account receipts from the special rate provided in clause B hereof , or from any ,source in' respect of the said work 5 . { b ) For , +she payment of the o-.vn ers '` portion of the cost and interest thereon , tha sn9ciz.i assessment set forth , in' the special assessment roll ' is hereby imposed upon the , lend s liable theref or as therein set forth, , . .,vA. s t � wu f ea ., wto.M n• r .. { t.. 1 1 1 � �-ri', �•}•� n I �.'i"9'.-A 44'7- 'Y ,''.� ..-'..._ r.l '1. 1.., 0,.,_ �. 1.. .1_ _ y __ ....w-r'-'«" •-". S sj .- _._ 1«.. .: _ V � J,..J,.1CL V 1.3 ►� and f.or that purpQ e the specin.t annum rates per foot frontage get forth in Schedule " B " hereto attached , are hereby im.rosed upon- the lots entered in the said special assessment r& 1 , according to the assessed fron.t�► (7e thereof , ' 6ver and above all other rates a d taxes and the se id special rates spa 1.1 be CPollected .�_n_�u .11y by the Collector of taxes for the Corpo��ation �.t the `,same time a•nd in the sair.e r>>anrler as other rates , :-,, . U 6 . The Corporation shall have': the right , at - its option to redeem the debentures maturing in the year 1971. either in whole or in part on any de.t a prior to maturity et, the places where a.n d in the moneys in which the said debentures are expressed , to be payable , upon the payment of the principal amount thereof together with interest accrued to the date of redemption and ,. upon giving previous notice of the said intention to redeem by advertising M once in the Ontario Gazette and once in. a daily newspaper of general Provincial. circulation published in the City of Toronto , and once in a' local newspaper , such notice to , be advertised as aforesaid at least thirty days before the date fixed for redemption.. Notice of intention so to redeem shall be sent by post At least . thirty d,e s, prior °to the date sot for such res en t o ,_ . - ., _ d p i n to each person in whose name a debenture to to be redeemed is re-- soared , at the _ taddre s s shown n the O ebentuie ret.-i stry 'book , _ The said debentures maY c ontairi a clause providing f or ' the r registration thereof pursuant to ,sect ion_ 335 of the Ivi'Unic ipal . "ct . 8 * Pending the sake of the said debentures the he ad ' of the Council and the Tree. surer may raise for the purpose aforesaid by way of loan on such debentures any sum or sums of money not exceeding in all the sure hereby authorized to be borrowed and may hypothecate such debentures' ebent ure s for such loan , mead a f irs.t and second time . this day of 195) I , y or Read a third time and f pally, passed ' this �8 ' day of 19530 le May or , I , I c. t,.yLwl ,,, �w •Ml{ �N aw`,i:'I,d"'+."i ..a• f^Ni'•tmrr•..,,.. yl s- ' M E n n , �A , 4 Schedule 31 , 5002. 00 �, Debentures - o 0o y Yeer Per mount ' , . 'nter.est Payment Total ' Pa meet 1954 : 1 , 100 . 00 1 , 496 . 25 2 6 . 2 59 5 1955 i , loo , 00 11444 . 00 2 54 4 . 00. 1956 1 , 200 . 00 l 1 -. . , 39 . 75 2 , 591 . 75 1957 : 11 200 e too 1 , 334 . 7 5 2 53 a 75 1958 � • .• ' ' ' l , 300 , oo • � ; 1 .. : . . , . ,r 2 77 75 2 ) 577e75 1959 19300 . 00 11216 , 00 2 ,'5 .6 , 00 19+60. 1 , 400 .00 1 15 ' 4 * 25 2 , 554 . 25 .1961 1 , 400 . 00 1 ) 087 ,o.75 2, 9487 . 75 1962 1 , 500.00 , 21 . 25 2 -..... 1 ..._ .. 9 ......_.__.... IiRtS .A r.. r. A -0 1 i .1964 - 1 , boo ,'0o 878075 2 ,478 .75 F 1.96 . .�. . • r . , . ./r_ �• � ,1 . y �• 4 5 l , 600 . 00 802 . 75 2 402 .75 :_ l s70'0 . 00 726 .75 . s . 2 x.26 75 • 1967 ; . ; : :• . � 1,700 .00 . 646, oo 2, 34.6 . 00 1968 : 11800000 ' ' ! 565 . 25 �l 2 ' 365 . 25 1969 900 1 , - 1 , .00 r 479 . 75 79 .75 , • 197t� , 1 ,900 .00 g , 5p 8 L.Ir 3 : 2 , 289 . 50 19?1 � : 2 00 0. 00 • ,.t. ,::. , - 299. A 99 . 25 X2, 2 25 1972 2 ,r , r _.. 00 'T 20 2 I� .rt.. . . . , 29304 .2 x.�„9�. 7.. ..3.. : ,.,r. ,..r,.v..r ,r•,.vv frt t.r':...t ,...r.. ..r..- 2 ro. o., ...,00 .,. .1 .r tt.,.ITr? h',er,.,nt..e 'nv•,n,. riv../a a ,,,.. ��.�� 50 .. _. t t •�, ' r n. r.. �. .. , • ,31 s ,50 U:.o 70. 5 9,70 50 l 7 ` 8 r , , r r , , , as r , r r , , r ' • r r •fvltl• n � I � + 1 1 > „ r r , , r r r . 1 : , I j 1 r I it I Y 9 F Ire - - SCHEDULE B N© 11Tturef Street From ° o -Total Cost Corporation Owners Lmoun - - - - -- - - - --- -_ - = ` - - -- F-orti on Pa n t of C or owners _ 1 matermain Southway Orchardview Simpson � 19531 . 00 19093 . 24 � 437 - 76 � 92 . 22 � 57 ..08 � 35 ;1 . � G - rte - 2 Watermain Simpson Southway Prino e 5 , 020 .00° -T; 31�- . 09 3 , 705 . 91 26 . 02 128 . 6 297 . 34 - 3 Watermain Prince Simpson Liberty 5v390000 19479 . 11 3 $ 910 .89 471 . 83 158 . 04 313 . 79 31 �• �� 4 Watermain_ Nelson Liberty 3791rt Fast 1 , 707 .-0.0 858 .83 848 . 1?. 17 139 . 00 70 .95 68 . 05 5 Watermain Rehder -- --- scugog -- 377 Ft West 12736 . 00 -- - - 915 . 20 - --- - - -- - -- - - - - ---:�8 - -- - .- - 6 -Aiatarmain - - -- Edsall Sougog 337 Ft West 1 , 615 .00 v 965 . 20 649 . 80 - -- - -92 .48 40 . 34 52 -14 5- 131 1�0 San. Sewer Nelson I Liberty 1+flo Ft East 1 , 0 0- 65� ��_ 112 . 96 T39 . 25 73 .71 - 74 � -- --- = 11 Sidewalk Brown wing Queen 496. 54 198 . 60 297 . 90 37 . 41 14 . 24 23 .17 ;2 - West Side y 12 Sidewalk Orchardview -no Southway 1 ,872 . 00 748 .80 19123 . 20 -156 . 00 62 .40 93. 60 7 � 7 !: # '2552 .09 3i , 37O:O 109369. 32 21 ,9001 . 18 86 . 35 1 , 67 .7 � � 9 . , . " , t ' +r - .. , 1 .. .. .. v a , .I , , W. - S 1 , t - - .: - - , - : , ., , , , .: , - _ . ' - , t" . - - ., :' • 1 , . , , e `1. . r 1' .. I I . r . I I f 1. I . , . - t IY, • ,. " k . , " , .. '1' , { , ,i, ' ., J 1•, . is v Y. . {. . I ' .1., , , • ., YI: 1 r r - . " r .: Iti . , Ask _ „ A-r...w:.. ,» s..,..o- ._ I M, 1; v/ .wyo ,. -.f ,,... , 1.. ,., .. "Ill "f r 1 , , 5 0': }x' I I ,, 1 I ,. - . ,' 11 „ , Ii, ;,. It li� �, . . ( : . . . . . . I I I . .� ,. I I I I I .� ,., _�t , I . - I &. I / ii - av 4.000d S:5��67 _ ,. I - r ' ,' cA kI •0? " I . I . . I I I .. .., I . " . I .. '', I !, :,_ , �� . . ­i:,�,*. 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