HomeMy WebLinkAbout1741A By-law' to authorize the raising of monies to meet the coat of
the constructi -n of a new Public School.
WHEREAS the Ontario Municipal Board , Province of Ontario by order
P.F.E. -1692 -59 made the sixth day of August, 1959 under the prow -
lions of Section 67 of the Ontario Municipal ,Board Act ReS.O.
1 0 Chapter 262 and Section 56 of the Public Schools Act, reported.
95
a it was of the opinion that it was necessary . in the interest of
that P
wn of Bowmanville that this school be built in, the Town, of
tlee To ,
Bowmanville.
AND WHEREAS plans and specifications of , the said work have been
P ,
-submitted
to the Department of Education, and the Department has
su P
approved the same and the Town of Bowmanv ills.
AND WHEREAS the Council has passed by number 1731 authori�tiing
.
e Construction of the ,,said schoolp - at an estimated cost of
the ,
$200, 2 3 5.00. r
AND WHEREAS the Council has passed by -law number. 1737 authorizing
the issue of • Debentures to the amount of $200,235-00 to. pay for; the
cost of the said .school.
AND WHEREAS it is desirable'to obtain temporary advances or loans
and to borrow , moneys for the purpose of meeting the , cost ;of
carrying out the said work.
'� , HE amount of the whole rateable property of the said
AND WHE..EAS T -
Municipality according to the last revised assessment roll is
47,92199000e0l0e
,A
AND WHEREAS the amount of the debenture debt of the Corporation ;
exclusive of focal improvement debts secured by special rates or
assessment is 1;011,721.84 and no part of the principal or
.interest is in arrears.
the Municipal Council of the Corporation , of the Town of
THEREFORE P
Bowmanville enacts as follows
the ose aforesaid there may be borrdwed from the Bank
purpose 1. That for ur
of Montreal on the credit of the Corporation of the `town of Bowmanville
at large an sun or suns not exceeding 1200#235.00 by the issue of
y .
Promissory notes of the said Town to an ,aggregate principal amount
not exceeding the said sun of $200#23540*
VOLU I 6
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