HomeMy WebLinkAbout1950rl"-!.'E CORPWRAT11019- OP 9.1-1E TOWN or-, BOWMANVILLE-1.
A 611-LAW ' ' PO PROVIDE FOR THE LEVY AND C T
OLLECION
OF A SPECIAL RATE 11Y ORDER TO OEPPAY THE
CORP(?RATION'S SHPRE OF THE COST OF THE
CONSTP.UCTI'ON G-W A-H ADDITION TO THE HIGH SCHOOL
C COURTICE; THE COUNTY OF DURHAM, THE
f-
FU-RNISH1Nt11 AND EQUIPPING THEREOF, THE EXPEEISES
CONNECTED THEREWITH
TVIEIERLAS by Orrd.e dated t_he 21st day of September, 1965, The
Ontario Municipal Board has approved the issuing of Debentures
by the Corporation of the United Counties of Northumberland
and Durham, for the sum of $490,000.00, for the purpose of
providing funds to the Durham County District High School Board.
for the construction of an addition to the high school at
Courtice in the County of Durham, the furnishing and equipping
thereof, and the expenses connected therewith.
AND WHEREAS the Corporation of the United Counties of
Northumberland and Durham, under By-Law No.2029, authorized
the borrowing of the said sum of $490,000.00 upon Debentures
for the purposes aforesaid, said debentures to be repayable ir.
annual instalnents during the period of ten years next after the
date of the issue thereof, with interest, all as in the said
By_ 't'aw providedl.
k)ND WHEREAS each municipality in the said. Durham County Higb
to levy and collect by a special
rci.te on the proDefty 3 :ateabi.a for school. purposes in the
municipality a sum sufficient to pay its proporti011 Of-
principal end, interest payable under the Debentures aforesaid.
..
AND ttiYs: ;z,A: the- &jjCAuiat she rateable property
according to the last revised equalized a.ssessme
Y" iaND WHEREAS the 0 : "r ;, 4. :.ey :t7 f'-If the, y TOWN
is one of the municilpalities comprising the said
IM
School Board.
NOW THEREFORE the CotAr?cll of $Che Corporation of
BOWMANVILLE ENACTS AS FOLLOWS:
1. Commencing in the year 1966 and there,=
payment of principal and interest falls due under
.he within municipality
..oil is
�f BOWMANVILLE
-ham County District Hig'11
TOWN
of
ar in each year that a
he aforesaid Debentures,
the Corporation of the TOWN of BOWMA' LLE shall levy
and collect by a special rate on all the propert
purposes within the municipality a sum sufficient
of the principal and interest payable under the
expenses connected therewith as the equalized as.
municipality bears to the total of the equalized
municipa'sities comprisiag the Durham County High
2. That such proportion of the principal
ateable for school
o pay such proportion
d Debentures and of the
sment of the within
sessments of all the
:hoof District.
A interest payable
under the said Debentures for which the within m� cipality is liable shall
be ppid to the Treasurer of the Corporation of t. United Counties of
Northumberland and Durham, annually on or before 'te date in each year
upon which payments in respect of the said Deber :-es fall due.
READ a first and second time this % day of / a defy -A-a __1965
dlerk
READ a third time and finally passed this / _ ofo 1965
__Clerk