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HomeMy WebLinkAbout1729A by-law to authorize the borrowing of $45,000 upon debentures for the purpose of maintaining and altering the Bowmanville Memorial Arena with interest annually upon the balances 'from time tc time remaining , unpaid. NOW, THEREFOR; the Council o f -The Corporation, of the Town, of Bowrnanv ille ENACTS -AS FOLLOWS; 1. For the, purpose of raising part of : the money required to repair and alter the BovrYnanvi.11e Me!norial Arena money shall be borrowed upon the credit 'of' The "lorpora.tion of the Town of Boxaman ville by the issue and sale of Debentures in the principal amount of $45,000,bearing interest at the rate* of 6 -1/4/oi per annum and having coupons attached thereto for the � payment of the said interest annually on the 15th day of May in each year of the currency of the Debentures. . . r 20 The said, Debentures shall all be' ' dated the L5th day , of I. „ May, 1960 *and shall be payable in twenty annual instalments on the 15th day of May in each of the ye4rs 1961 to 1980, inclusive, and d r1,;.;. Ilt r. \ti'ilt�JxPrt,' *!? rl. I�r�'F:'�r�f. "bLdr IW° F. lItA1P�t4 'A1MIFl1RA�'9il;frVlG '..r 'MUS b Y. 1.17,73P lig '+�'" :3 a x ty k �' > 5 mar- I i >, .i '2 the "respective. u 71ount s oi_ principal �.nd ntE✓'rest p� rdble in, "eac�: of . r � , � �.,, � 5 I >• �' ��• ' �~ rIe �u l e ti 11 a �_. sucr ,� ..a .� sha 11 b0 �.� set forte _�n .�e hi repo, hereby, decl.urec! t be tel fE_,rm '}art of 1.: 5 n. 1 -7 �^� •", ^� f'y r. ,' '� f, . �"� r �^. r- ,- rte. . }• r ". ♦ }1 *.. 1 ' 1 1 c • , i 1'� 1 C� �1 I n t u t t' s s lz a. 1 1 .. t7 a ,� cz 1 v f. 4 _ L t �� ,� al GiT1E n terest� in lawful :r,cni"' of lCanada at < i '.._c !.:.'�.� any of Montreal, ire th��. To n G� " . ' of 17. ors at r� <; P.O. cf''Icry cf the sai1c , r, In el- t' 1er .c;f the {; e.s of row -.nt{ or s ©ntrcal, at try holder's Option , 4. The said Deben -c res na, be s.e a e, d, TA i try the. seal of the �crpora;,- on i� << s�.�ned b , the : a�. or, c� b� so r vt.t er person b;;` b; - -la:� to, ss_gn �n , 11; r sir ,,ads, a•n; parer. �n interest coupon - a ttached , t.,) �t1ac sa !.d ebent -ur�es shE l'1 be s �gned , by the Treasurer 'and' his thereon-. y' b,e, „: rit tin, stamped, ' li'tho�rraphod 6-L engraved lip 50 In each of the , years 1✓ 61 to 1980, in'c 1uts1 ve', the resp.ectiv,e " Y aggregate arrnoun t s of prll ncipal , and interest set cut In '`the fourth column of, Schedule "A rLto sl�, 1 be levied and raise � �� a speeia� rate sufficient therefor over 'al�d CI;*Ve,. all c the r ' rates alt,,,, the same time an- d in the same manner a.s o.ther rates, o 11' the ratable pro - - pferty ' in the Towrn of Eo,rmianv -116, a.n.a small' be apT)11ed' :'_n. payment of the interest cn the Debentui es and the respective ,,.instal<<en.ts: of principal as the, sarrne become due and pa;iab1e.. 6. Tie said Debentures md.;;� contain a clause providg fors the regi4trat.f on thereof pursuant to. Section �5 of The 'Municipal `Act V. - e f the Debentures tn` 11' ,�!u �tjt ., 7 . Pending the sal o ��ounc il' . an'd the Treasurer 'may raise for the purposes aforesaid by way of loan eon such Debentures -any sum of money not exceeding; in all the sum hereby authorized to be borro'laed' and may hypothecate such Debentures for such loan. READ a first and second time this 13th day of •July, 1959-0 a er mayor READ a third time and finally passed thi s day of May, 19600 Clerk ayor . .. _.:.,. . ,, .,9 ...,..... ... rn, wtiW�M '+�,..w.wWalsv.WMit/ugYM r ' 1 'raLU�ac 6 `�ja+� u l air i4ll 4% Ct tii�NS% dfW YOLIM 6 , I FA c� ..:$ #r.'+' .h �..• �. ?T, ..s .w! x uxr._.`- rs'4w.•'i.%+ `�...:. "P�wPf'L. e -,,.%d : �i','3�'e w}^: f 44 THE CORPORATION OF THE • TOWN, OF ' •BOWMANV1LL : .. BY--LAW NO. 1729 r SCHEDULE A TOTAL. l't.rrJNUAL YEAR' PRINCIPAL INTEREST. PAYMENT Ep: 1963 $ 1, 000.00 2j812-501 3, 812.50 1962. 1, 000. 00 2.9 75 � .010 • r � �• � r 19 - _ � 10.00 � 'n 2,687-50, ,� .r 087 0 196 1 000.00 �� 2 62 •00 � 5 ;,.- ?; 6 1965 • , t 2 000 , oo 562 50 2 , . • .� 4 •,562 .50 4 1906 2,1000.00 2, � 1 • �0 r 4 P" 7.50 1967 2,000-00 1312.5ro .. 4,312 -5 , 96 .2, 000,.00 re 2,187.50 14 n • � ,. � ,1�7.5J 1969 2;000.001 2 , o62.50 , 0: 2:' 50 1970 2, 000 . oo 1, 937.50 3 , 97.50 1. 1971 _ 2, 000.00 :. ;' 1, 8.12 .,5 0 ✓, 812.50 r 1972 2, 000.Yoo 1, 687.50 3 67.50 1973 2, 000...00 1, 562.50 3, 562.50:,. 197 3, 000.40 ,1 i X37.5037 • -0 1975 �. 000.00 1, 250.00 ?�, 25Or• 00 1976 3.9-000.00 1, 062.50 4, :062 • o . l 1977 ,S �3, 000.00 875.0c� 5,P875-00 1' 1.978 3,000.00 687.50 3,67.50 197 � 500.• 00 4.P500-0Q. 1980 x , 000.00 250-00. 4, 250.00 45 o00. 00 00.00 80.p500.Oo , • • •f r,l i• -, n l� ;i�,. i , vllk 10, "' ,i: ' ;" , f ,tai � .1 ,1 'I: '- a v, 1 � M , � a .f� ) � b :. ` ::t..i �•.� , r r- �., ,k yy i• '.; r ,t , +.'r'� I.;t • r ' • :� / `5, r i ' 1 , . .. ..., ;, - + :, :.,. ;. - t., -:tlt. 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