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HomeMy WebLinkAbout1748Being a by -law to authorise the construction of a sanitary sewer described in Engineers Report E.O. 5956 at an estimated cost . of $22,109.00. WHEREAS it is necessary and desirable that he sanitary sewer described t in Engineers ineers Re ort E.O. 5956 be ' constructed in .order to extend the ex- istingsever system of the Town of Bowmanville: 1 j AND WHEREAS the Cit Y ' Engineer by his report number, E.O. 5956 has reported on the said work and has estimated the cost of the work_ is be X22,109.00: . I. Council b�a resolution passed by�a vote Of least AND WHEREAS the Town © y p , three - fourths of all the members of Council on September 8th, 19599 did declare the construction of the said sewers to be . desirable in the public interest and that it was necessary for such construction to borrow .the Sutra of $229109.00 less $13,670*00 which the sub - divider has agreed to pay leaving a balance , to be borrowed ©f , 439.91: AND WHEREAS the Ontario' water Resources Commission has approved of , the Y "J plans and specifications. for the seid vark as .appears from its Certificate Number -A- 6d dated JuU 1 th 1259 r� i And WHEREAS the Ontario Municipal Board has approved of the undertaking 4. of the said work and the passing of all necessary by -laws including f debenture by-=laws by its Order Number ..c�„�8.�� -s�� dated „? p L • y .�►.R NOW THEREFORE BE IT ENACTED AND IT IS HEREBY ENACTED as a by -lax of the k CORPORJkTION OF THE TOWN OF BOWMANVILLE by the Council thereof as follows 1 The Co oration . of the Town of Bowmanville shall construct sanitary F sewers on: a Liberty Street.- Entrance to Parkway to 300' south of Crewcent Parkway Crescent 210 b Parkway Creseet Liberty Street 33.6 east of Liberty Street 21" f. Rad NA" Lot 336' east of Liberty a. Parkway Crescent Street $� 210 "N At a total estimated coati of $22,109.919 z The irk shall be carried on and executed under the superintendance , and according to the directions and oreders of the Engineer of the x= Corporation* VMU S 6 � s 3 The Mayor and the Clerk•: of 'the Corporation are hereby auth- orized to cause a contract for the' construction-of the said sewer to ,be made and entered into with some person or persons, firia or corp- orations subject to, the approval of this Council to be declared by resolution. 4e Thee Corporation may borrow from I the Bank of Montreal, upon the credit of the Corporation at large, by way, of temporary adva- es to meet the expenditures authorized by this by -law, such sum or sums as may be re uired f o.r that purpose• but not exceeding in all the Y q total sum. of $8,439-91., a nd ' the Mayor and the Treasurer are hereby authorized to sign and deliver to the said bank a promissory, - note or notes for the repayment of the monies so borrowed, at such time or times and at such rate o f interest as may be . agreed upon with the said bank, and to affix to such promissory note or notes the seal of the Corporation: In respect of. the temporary dvance's authorized by- the by +law, 5♦ P the Ma or and the Treasurer are hereby authorized to ' hypothecate to the Y s• Bank of Montreal as collateral . security for any sum or sums borrowed from the said bank and interest thereon any debentures which may be issued -to defray the cost of the work undertaken under this by -law, nd the proceeds of the sale of _ the said debentures or as much as- may , he necessary shall he paid to the said bank in satisfaction of -the sum and interest thereon. or sums so borrowed , � By -haw read a first time this of day _ v It 19f ! • _ this day of � �` � i9�' • By Law read a second tine thi Y f By­- Law read a third time and finally passed this Zqc day of , MAYO , s� 777,7­_-, H' W .�r 3�t3 any errant or contribution frow the province of Ontario or fro�3� any other source in respect of the said work, Arad authori zing the said under - provide that any by -.1�; ; taking is passed by a three -ofourths vote of all member of the council of the said municipality. �. No. J UL .52 7 1960 I k f f ' I i Z 1 v !•tilt ; ;I,ir.., , (rllrrru. /irll. ,nl, u ��rr IiL,r, iF� YMUW eof x;