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CORPO RATION OF THE TOWN OF BO L I►
.w
ell
By -Law Number 1+33
A By -Law tp. provide for borrowing the sum of
.4,1909000900 upon • debenture to defray -the cost
of an extension to the sewage treatment plant
anA trunk sewers leading thereto .
`II AREAS the -Corporation pf the Town of Bowmanville in the County of
Durham deems , it necessary and essential for the wealth and well being
of its citizens to make extensive enlargements to it s ' sewage treatment
plant and to construct new trunk sewers within the Municipality leading''
thereto
u3
e
AND WHIM S for the purpose of constructing the extension to the sewage
treatment plant, together with trunk sewers leading thereto, it is
necessary to borrow the sum of One Hundred and Ninety Thousand Dollars
on the credit of the Corporation at large and to issue debentures therefor,
bearing interest at the rate of two and one -half percent per annum for the
f lr 9t r -en jte ar'_s _ and the__ date__ of 3__ percent pe r annum fox the remaining ten
years, which is the amount of the debt intended to be created by this By -Law;
AND WHEREAS the amount of thid whole rateable property of the Municipality
according to the last revised assessment roll is 29 530, 600.00
'"AND *AEREAS the amount of the existing, debenture debt ' -of the. Corporation
1
as of December 31st, 1946, is 101,997924 and no part of the principal
1 and interest is in arrears;
AND WMREAS the 8epartment of Health has issued •a Sewerage Order signed by'
the Nlnister .of Health and the proper officials of the department dated
t
the 117th .day of December, 1945 that,-- it is nec-essary iii th- interest. of
g
the public health in the Municipality , of the Town of Bowmanville that an
3 .
extension to the sewage treatment plant be _oonatruct4d -, -. Qgethe w tl trunk __ - -____
sewers leading thereto;
AND INHLRW plans, and speoirioati.ons of the extension to the sewage treatment
plant and of the trunk sewers, leading thereto have been submitted to the
Department of Health and the Department has a roved the same.
v✓ AND 1NHE ' bir order dated the day of , 1917 , the
#_ Ontario Municipal Board has approved the purpose of the said borrowing and
the passing of all-I.-requisite By -Laws, including debenture By -haws ;
' W
#` NOW THEREFORE the Muni,aipal Council of the Corporation of the Town of
Bowmanr i l le ]ENACTS AS FOLLOWS;
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su ah notioe to be advertis &ed as aforesaid-at least
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That for the purpose aforesaid. there shall be borrowed
ou -the credit of the Corporation at large the sum of One Hundred
and Ninety Thousand Dollars and debentures shall;,/,be issued therefor
i,n 'denominations of not less than 100.0,a each, bearing interest
at the rate of two and one -half percent per annum for the first ten
years and . at the rate of three percent per annum for the remaining
ten years, payable annually, and having coupons attached thereto for the
payment of interest,
2.
The debentures shall, be dated -;the {lst day of February, 1947
and shall be payable in twenty annual instalment s , on the 1st . day of
February in each of the years 1948 to 1967, inclusive, and the
~' respeotiv® amounts of principal and interest payable in each of
such years shall be as set forth in Schedule " A " hereto attached#
3.
The debentures as to both principal and interest shall be
payable in lawful money of Canada at the branch of "'the Bark of
Wont real in the Town of Bowmanvi lle or at the office of the Muni Apal
Treasurer in the Town of Bowmanville , at holders option.
40'.
The debentures shall be sealed with the Seal of the
. ,
. Corporation v and signed by the Mayor, or by 'some other person
aunhorize'd by By -Law to sign the same, and by the Treasurer. The
said interest coupons shall be signed by the Treasurer and his
-signature thereon-may be written, stamped, lithographed ' or engraved,
5 . ,
Commenc i'ng. in the year 1948 and thereafter in each year
fn which an instalment of principa]� of the said debt and _interest_
-.
_'_nd -raise - -the specif le suUm .
become.-_.__.. due , - - -- the_ - _Cor.poration - -- shall- .1e_�ry.a
..shown • for. the respective, year in the 'f column of the said
schedule, such -sum shall be levied and raised by a special rate
sif'ficient therefor, over and above all. other rates, upon all, the,
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rateairle prop in the Municipality, -
P P y
6.
The Corporation shall have the right at its option, . to
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redeem the debentures aYnturin in the ear ,1967 either in whole or <.
g y �
in part on any' date prior to maturity at the places where and in the
=moneys in which the said debent es are expressed to be payable,
upon payment of the prino ipal imount thereof together with interest
accrued to the date of redemption and upon giving previous notice
of said intention to redeem by advertising once in the Ontario
1
Gazette and onoe in a dai 1 / newspaper of . general , provinc tal - ;
4
eiroulation, published in the ' City of Toronto, and once in a local
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mewspaper,
su ah notioe to be advertis &ed as aforesaid-at least
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CORPO RATION OF THE TOWN OF BO L I►
.w
ell
By -Law Number 1+33
A By -Law tp. provide for borrowing the sum of
.4,1909000900 upon • debenture to defray -the cost
of an extension to the sewage treatment plant
anA trunk sewers leading thereto .
`II AREAS the -Corporation pf the Town of Bowmanville in the County of
Durham deems , it necessary and essential for the wealth and well being
of its citizens to make extensive enlargements to it s ' sewage treatment
plant and to construct new trunk sewers within the Municipality leading''
thereto
u3
e
AND WHIM S for the purpose of constructing the extension to the sewage
treatment plant, together with trunk sewers leading thereto, it is
necessary to borrow the sum of One Hundred and Ninety Thousand Dollars
on the credit of the Corporation at large and to issue debentures therefor,
bearing interest at the rate of two and one -half percent per annum for the
f lr 9t r -en jte ar'_s _ and the__ date__ of 3__ percent pe r annum fox the remaining ten
years, which is the amount of the debt intended to be created by this By -Law;
AND WHEREAS the amount of thid whole rateable property of the Municipality
according to the last revised assessment roll is 29 530, 600.00
'"AND *AEREAS the amount of the existing, debenture debt ' -of the. Corporation
1
as of December 31st, 1946, is 101,997924 and no part of the principal
1 and interest is in arrears;
AND WMREAS the 8epartment of Health has issued •a Sewerage Order signed by'
the Nlnister .of Health and the proper officials of the department dated
t
the 117th .day of December, 1945 that,-- it is nec-essary iii th- interest. of
g
the public health in the Municipality , of the Town of Bowmanville that an
3 .
extension to the sewage treatment plant be _oonatruct4d -, -. Qgethe w tl trunk __ - -____
sewers leading thereto;
AND INHLRW plans, and speoirioati.ons of the extension to the sewage treatment
plant and of the trunk sewers, leading thereto have been submitted to the
Department of Health and the Department has a roved the same.
v✓ AND 1NHE ' bir order dated the day of , 1917 , the
#_ Ontario Municipal Board has approved the purpose of the said borrowing and
the passing of all-I.-requisite By -Laws, including debenture By -haws ;
' W
#` NOW THEREFORE the Muni,aipal Council of the Corporation of the Town of
Bowmanr i l le ]ENACTS AS FOLLOWS;
v
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su ah notioe to be advertis &ed as aforesaid-at least
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That for the purpose aforesaid. there shall be borrowed
ou -the credit of the Corporation at large the sum of One Hundred
and Ninety Thousand Dollars and debentures shall;,/,be issued therefor
i,n 'denominations of not less than 100.0,a each, bearing interest
at the rate of two and one -half percent per annum for the first ten
years and . at the rate of three percent per annum for the remaining
ten years, payable annually, and having coupons attached thereto for the
payment of interest,
2.
The debentures shall, be dated -;the {lst day of February, 1947
and shall be payable in twenty annual instalment s , on the 1st . day of
February in each of the years 1948 to 1967, inclusive, and the
~' respeotiv® amounts of principal and interest payable in each of
such years shall be as set forth in Schedule " A " hereto attached#
3.
The debentures as to both principal and interest shall be
payable in lawful money of Canada at the branch of "'the Bark of
Wont real in the Town of Bowmanvi lle or at the office of the Muni Apal
Treasurer in the Town of Bowmanville , at holders option.
40'.
The debentures shall be sealed with the Seal of the
. ,
. Corporation v and signed by the Mayor, or by 'some other person
aunhorize'd by By -Law to sign the same, and by the Treasurer. The
said interest coupons shall be signed by the Treasurer and his
-signature thereon-may be written, stamped, lithographed ' or engraved,
5 . ,
Commenc i'ng. in the year 1948 and thereafter in each year
fn which an instalment of principa]� of the said debt and _interest_
-.
_'_nd -raise - -the specif le suUm .
become.-_.__.. due , - - -- the_ - _Cor.poration - -- shall- .1e_�ry.a
..shown • for. the respective, year in the 'f column of the said
schedule, such -sum shall be levied and raised by a special rate
sif'ficient therefor, over and above all. other rates, upon all, the,
t
rateairle prop in the Municipality, -
P P y
6.
The Corporation shall have the right at its option, . to
r
redeem the debentures aYnturin in the ear ,1967 either in whole or <.
g y �
in part on any' date prior to maturity at the places where and in the
=moneys in which the said debent es are expressed to be payable,
upon payment of the prino ipal imount thereof together with interest
accrued to the date of redemption and upon giving previous notice
of said intention to redeem by advertising once in the Ontario
1
Gazette and onoe in a dai 1 / newspaper of . general , provinc tal - ;
4
eiroulation, published in the ' City of Toronto, and once in a local
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su ah notioe to be advertis &ed as aforesaid-at least
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