HomeMy WebLinkAbout970-
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a
w of the Corporation of the Town of 3iowal'lt►.'lVille, to provide
'
. f, t the deben turn o ao o ruin;; due under
a inver�tYnen t il a•ra J and to meet
Il -law 69 pressed to authorize the Corpoxr�tion to loan the
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y � :
Durham Rubber Company, Limited, 4I50000,s
rAS under aid by virtue . of 13y law No. 694, entitled
cor oration of the Town of L o,
wmanville, uthorixing
By-law of the r
the Corporation
to loun the Durham Dubber Company, Lixni ted,
$15-000o and to raise the same for the, purpose® of the, fluid loan
: �; ,
j tion assumed a yearly liability of >II03.7►, us therein
the Corpora
"
stated for term of 'twenty years, ,the first payment beeoning
due and owing on. the first .day of September. I906.
2 AND
ti il�,'17AS ` the said, loan of '15,000. wds , under the teams
of -law Ito. 694, Conditioned for re- payment in twenty annual
Y
of x'750 . each on the first aay of September, 1906
tn$talmente ��
inclusive and secured by a mortgage on the Real G Estate.
1925, l
Machinery of the Durham dubber Company, Limi tact
Plant and Mach y
3 . kM WMrMAS under ,, and ' by virtue of, By -law No* 772; the
- Corporation of the 'Town of Bowman
wills was authorized to exchange
the indebtedness
of the .Durham Rubber Company,. Limited, to a
bonus of the same mount secured by raortga,ge on the Real Estate ,
m chine of the .Goodyemr Tire and Rubber Company ,of
f Plant and .dd, y
Canada C
. _ d, Zirni ,
,
.. tad. ,
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- - - -- - -- - - - -. -, _ - 4. ATJD wi�Ex�AS �3y law No�. ? 7�, of the or o ra� . on
b an Act of the Zegi.slativo►sserni�ly
ql Eowmanvi l le was confirmed y
M P o'vince of Ontario., being; Chap. 82- I , GP o. v. o,ssented to
of the. ,r
`f I9I I
on 24th March,
5 . AND VMREAS . the Durham Rubber, Company, limited, and the
Good ear Tire and rubber Company of Canada; Limited, have paid
y z
: t�velve insta� -manta of 0750. each, being the annual indebtedness
I as set forth and agreed upon in Fy -law 110. 6949 and 33y --law No .
i
i 7 of the Corporations the last instalment having been 'id on
2 p
7
i
t Se tember .Ist. I9I8, leaving an amount of '�50: to be paid
,,.
annually on the f irs t , day of September in each , year -from 1919 to
1926,
inclusive or a total of X6000
8. ANDRAS the Goodyear Tire and Rubber Company of Canada,
i
,I
j
The Mayor and `'remmurer of the Town od B wau nville axe
1i
Nhereby authori eed and inotrixo tad to deposit in the brunch of the
13L%nk of Montreal ixj iiowm Ayjville , out of the mone,Tu► race. ived from
tlae pu.ynnent of the bitiltriae of the mortgL*ge referred to in the
seventh recital hereto the uum of 4)73b.70 to inset the instulment,
of
eui d mortgage
(we
on September I s t . 1919,;
b.
To p urchase
and
acquire for the benefit of the Corporation,
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