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1, I 1 . V er I. I..f. ii 16tfi Dec. 1931. .
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Municipal 8y-Law for Temporary Advances I .
.: , under Local 1 mprovement Act.
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22923 Printed`in Canada
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. (p .II.. �I I I� .I I..5. .I 0I,I I .,.I. ,I.I I r I. I,'I 1.I, I BY-LAW No' ../. .................. .
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- 4 'A BY-LAW authorizing the obtaining of temporary advances to meet the cost r . ° ,
works undertaken as a local improvement pending the completion thereof.
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T WHEREAS the Municipal Council of the Corporation of the
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is annexed hereto, authorizing the construction of tfie works described in it as 'a local improvement under the
_ provisions of the Local Improvement Act, the estimated cost of which works is Z' 3 50 , oOO .00 I 1. . III L _ ... . __
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AND WHEREAS it is desirable to agree with a bank for temporary advances to meet the cost of the said
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'Y" works pending the completion thereof. 1 11,, I .
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1. The Head and Treasurer of the'Corporation,are hereby authorized to obtain from the bank of Montreal
- ' . r cent per annum represented by a promissory 11 temporary advances at a rate or rates not exceeding 1♦ pe .
note or romissory notes or by way of overdraft or'otherwise not exceeding 2' B8 �11I1dred TYlOU91C�I.. P
dollars to meet the cost of the said works pending the completion thereof.
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. 2. A promissory, note,or notes or other vouchers, sealed with the Corporate Seal and signed on behalf of the
,Corporation by the Head and Treasurer thereof, for the advances from time to time obtained under the authority ..
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. ', hereof and interest the id `'
I ,eon, may be given to the said Bank providing for the repayment of or representing the sa
advances with interest thereon as•aforesaid.
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z ply first in yment, of such'
11 11 __ _-_-- __ .._.. __W_- � -..,•�.,z..�.:,--",-.0 _...-_.- r ration is her+eb authori ed_and_directed to apply -_ _.__ __._.___.
w}z I _ 3. The Treas r of e Y _ _-- - -- _ _..
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Treasurer re th Co po
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ii i advances with interest thereon as aforesaid'all moneys borrowed on the credit of the Corporation to repay such
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advent®s and to defray the cost of the said works and all ,moneys from other sources properly applicable to the'coat ----
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1 certify that the foregoing is a true copy of a. By-law passed _
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i on the day of 19
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' ,' passed by the said Council on the day of I •
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