HomeMy WebLinkAbout1747Being a by -law to authorise the construction of s
wternain described in Engineers Report 9.095956A
at an estimated cost of 115 770.00 , under the a►uth- ;
or nation of Section 3118 X 11 605 of the Municipal
Act.
ERU3 it is necessary ,and desirablf thatt ' the vat ernain described In
En�inesrs eport 900* 5956A be constructed on Parkway Crescent from
L16erty street to 4W feet on ' pa rkway Crescent and on parkway Crescent
a diatane* of 1415 , fe et easterly, and the necessary private house con-
uecrions, in oreder to extend the existing mternains of the Town of
r Sow�asville : P ' AND WBE TEAS the City 1neer by his report giber ' E.0. 5936A ' has
reported on the said work and has eatinated the -cost of the work to be'
415,770.00':
AVC WHEREAS the Town, Council by a resolu►tion passed by a voted of at
least three- fourths of all newborn of Council etc Sept or 8th, 1959
did declare the construction of the said waterwafn to be desirable In
the public interest and that it was necessary tosuch construction to
borrow the sun of, $15, ?70.00, lose 41210810.00 which the subdivider has
I
agreed to pays which leaves a balance to be borro*ed at $2,960.00
=0 wH EABA S the Ontario mater Resources Commission has approved of the
plants and specifications for the said work as appears from its Corti
ficate Ymber j
AND WHERFAS the Ontario Municipal Board has approved of the undertaidug
of the said worst and the passing of all necessary bylaws including
by-laws for debentures of its , 0 rder Nurber .E .�3�s�datei 6 :
NOWs THEREFORE. BE IT ENACTED AMU IT 13 HEIEAY IMACTED as a .by -earn of
tho Corporation of the Town of Eow=nvI1l• by the Couneil tbereof as
{
f41IONS:
i. The CovWratien of the ' Town of ftwnanvillr shall construct watoroaitts
Fit TO
PdwY CECEMT Llbehty Htr etrC1• eastt Parkwt
Crescent to Road A 1,20 '
+I
be PARKWAY CRESC1'! Read *A* 14159 east on Parkway
are scout
R
3. The Mayor and the Clsrk of tho-torporation are hereby authorlsed''to.
ton of the said watorsain to be made
cau
use a cow.ract for the eanstruct,
and onstered into with son* person or persons, form or corporation,
su bj*ct to the approval of this Council to be declared by'resolution:
The Corporation my borrow from the Bank of Montreal upon the credit
of the Corporation at large, by.way of temporary advances to meet the
otpenidit1was authorised by this by-law, such sun or mme as may be
required for that purpose but not exceeding in all the total sun of
eby authorized to al
$2100*tfowO09 and the Kayor and the Treasurer are her
10"0
and deliver, to the said bank a pronissory mote or notes for the re
s� of the monies so borrowed g at such time or times and at such rate of
Inter*st as may be agreed upon with the said bank, and to alfft'tOl such l "I
seal of the Corporation
promissory note or no.- es the *-
advances authorized by, this by-law the
In respect of the temporary
bereby'authoris*d to hypothecate to the Bank
0 an The Treasurer a"
Vayi r
of Montreal an collateralreecurity for any sun or sums borrowed from the
said bank,, and interest thereon any deb entitres which say be Issued to
IN undertaken under this by -law, and the proceeds,
defray the cost of the work us
of the sale of the said debentures or as mch ther f as may be necessary
shall be Id to the said bank r In SatilSfOatlon'O
of is =a or SUM go
pa.
borrowed and Interest thereon.
day of •
,wlaw read a first tim this day By — ___
day: , 5
rjymlaw read a socON4 tine thle of 1907
waftd& A dh *_U4 wmt &A mm day of
JSnA ftnalftV "& Rik" this
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