HomeMy WebLinkAbout972A by-law authorizing the issue of debentures for the sum of $17,500 for the purpose of granting aide to the Canada Scale and Slicer Company, Limited, and also granting it certain exemptions from taxation
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iN in "rear t 11hLoh ST76 0280.74 iS) four Wnt*X,,w0,Vk$ M
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�"'l �" ' ' t► � 1,juniolpAl Council of t►ha, Clorl.o r .tion of t�10 Tom
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of jj oom.qmr t 111 entiot a wri '" :l xt� ► ! �
TWA i"or Vic" oforleoaid therm ahrtll Vin boarrawod
A1' Milti,era(li\j ♦ /I►t),j 1,Io,{ 4Jra 4 ion+J4gri:i 4su
/. o r a five hundrod dollars Ut'17&09) and debmmtimes "hat, ,
► ►o u ' o In r� o off' licit , . ft. titan tut�d,�"+ �
►rah Y i Interest fi t A* �� *,t I Of +� 3�C �� �x o�tz�rb ��o�c
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jury .ut:. 1c�, ► ,t1�. u ��►no i t , ate d � eto rpr t ''.,� �� ,, r x�t
Int (iroat.
• Thr d �u r�tu +�►� *h( »1. all beau t Ile ray d
g�y `' '��yy w� /� {,,, y� /fir ` j�
_., be �/. '- tl�lirt� .�'�t�r tlfLq.+ 'k�tre vii f����.r� NK1is Bye1aW
+ rt ,�� ► ar it p� mu oh 1 r�►bra ; d
" shall, , u par! J)1 .� n ton rnxiiU�l1 in��t���.m ruts dux�fn- tlie VsA
�r a next �:1t or t 1h t its 1 l a n t iv r ..r u d u the
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a4ar ounto of jor Lnj I e.1 u #1 Int e. rest., payaW a ,ice Oneh
#1u01% oAr
6 bmay, nnd
annexed which suLd
f6X V t o t his ` l `Xf„► The saLd dobant �.��`ea ah�l �. �� �
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PAY fit the 1ooa A neh f t � t
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thexate Will alao be
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at tin t, j dent r j1�` ths
u�`' . ,?' , s t 2 t 3 ► ►' t I 'Our ` '�► t +
for *us let, 2577
�`yy .: y ;�° +y��ty,�y y. �- ;,.� Q �.. a y�f fie gent t ��refor ... -'.
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. Y�u above o ;y^ t ` types' t
in t #ja un i o i litY,, at t 11 3 t 4 � � tit 1 -� �� �� t ��
C'm 14 ad � 0 A t Il t. t t O Mon'
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►lo by v ld o,f aat (flit l ° -ti „ . , Under the
to <� }t° th _. r(Iferred to n tha gX O ►ut
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said i N i 79
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tr,O full inBua�able °v�r.I,].ue of tha
ng
�o�,�,or��t ion � fox .
building -tilt, tao:0 11a manufiactu0i
k L� ° �
le s,.' :' t flan $20 000. sand make the �.oe 0
aoceak�Ua. ic,s, uut not ,
(if I'My1) under k�u.rh r�alic�.�;�, x
i,l. ' ' �� V to he C o .rp 0 r Lt .021
� r�.a rnortg,.,ree rtna shall. deli
a it o int ore st y � .0 vex
• such poli ay ar p olia
iae clind all renewals from time to time
to the Corl)Or ti on in due course
. e shall contain, among other things, a
'
�. The said nisi t� -�u X"
' n case of def��ult for one month in payment of,
- proviso thcat i
st or in the. ' event of the company
any instalment 'of inters S
� help
business o r employ toe, requisite j
ceasing to c��i.�y on .
o of ore szt.id ,
ol" � ecominf,; 'insolvent
or, m��k ynT CN genera
assignment f or tree oene
fit of creditors., or permitting any
,r� court in the Province of Onta r io for>
order to be rnr,de by y .._:,
the ��inding up of the Comy��Lny�
or in tine went of a continued
a
I t ontained in said Inort gage
breach breach of ariy ohe of he Z. c ov e n�.
,rite c,
ont ained and after sisty days
or in the agreements Herein e ,
the breach
cox orat ion specifying
notice in
writ i ng by t he 3�
s due and
owing fix.
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complained
of the wholes
unt Tema ns .,
` accrued due and. owing on s
aid mortgage sf�;:�,�:1 forthivitk�
{ s f r om taxation rznd
able, a
ampt i o n
_tr due axe
i.�. 1 �+
is t a
es
given by this a.gseemen
pon ,
other prix i lie , g
as
s deter
ideci h0 ^ev r that
and mine , �ov
ly cease
#E da
Ys
Ile d $fist ye
G
a t lN 8 �'
m
� l be re edied
• defa.
ll cease or shat then
the al ult s
e
s
Ch
any gna3
C .3. b e
re_inetated
$aid Comp to its former
e
�, 'nac?. t' :en rrsade . dime shall
oe it ian as if, , no s ach d of P _.lt
st i
"� ment s
of the agree
f tale very essence
be considered o
=�
ulations and
rc1 fief in, this clause contained*
. ogre
.on fu t o grant to the 'Company
8`. The CorPor.t�r:iher ug
u exempt i on
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day of 3'�,nuary 19.9
fo: ten years fr,orl' tr?e first
cation except schogl rates and 1 o c �� j r me nt
from tax
land icuildings Eynd manufacturing
rates , upon all such la 2
�j. CeDecries e.s may be used
far r anuf act ur i ng srju rp o s e s only •
9. The books of the Coarly snail be o
pen for inspect ion. •
rt entatives
b the .of the Corporation at
:
fully accredited eIr
M e e
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all roaeon.b�. times t e for tbrr purpo.ee of nooertaining the
number of men emla ed n,nd the amount of weekly rind xaonth4
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and cm;nua]. Pty roll*
this agreement,
the Corporation
100 Upon the execution oft
will p,roaeed f or thwith to
oUb.mit a By *.law to authorize and
approve of thio agr
eement protritis for the carrying out
uid b -law being &ppxoved by the rate -
�bf same „ and upon � Y ,
p&yers the 'Council of the Corporation will finally pore a the
game and take all ne c e s salty steps for it q .aonf rma on.
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0 Vitt.
PrInelp" payable
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' 0500
$1 ,527x69
2g57796
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970,654
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. #•377 *69
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005090
2 �377o69
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000 900
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held n "8 th. day o f Uay I 9I9 . on By law for tie p ►
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of granting t�id to the Canada �3Qale 8c Slioer Comp�Itiny•
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m t i on f roan tax
tiraf tod. and also granting it aertaiz� exemption --
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