HomeMy WebLinkAbout1775• temporary advances to meet the cost of certain
A BY -LAW authorizing the obtaining of to p ry ,.
• Pending the completion thereof. ,
works undertaken as a local improvement p 9
' of the Ontario Municipal Board, the Municipal
f WHEREAS, with the approval in writing
Council of the Corporation of the ;
f Bowmanville has
Town o
authorizenQ the construction of
ssed�0ei+st BY-law Number 1754
Capital Expen ditures
the works described it as a- leoai- i�rMre+
ant
in •u++ der #i+e- prsvieisr�s shed a �'+Ap
180 079..00 copies of which by-
law and ap-
the estimated. cost of which works is i
proval are annexed hereto.
AND WHEREAS it is desirable to agree with a bank for temporary advances to meet the
Goat of the said works pending the completion thereof.
,
BE IT THEREFORE ENACTED by the said Council as follows:
•
and Treasurer of the Corporation are hereby author ed to obtain from the" .
1. The Head a 5
per cent p
Bunk of Montreal temporary advances at a rate or rates not exceeding ;
to or promissory notes or by way of overdraft or otherwise
annum represent 1180j079*00 d by a promissory no p
•
n not exceeds g ,
dollars to meet the cost of the said works pending the completion thereof. •
promissory note or notes or other vouchers, sealed with-the Corporate Seal an s�gne
2. Ap ry
b the Head and Treasurer
on behalf of the Corporation
thereof, for the advances from
to
y
• authors hereof and interest thereon, may be given to the said Bank
time obtained under the authority
• nt of or representing the said advances with interest thereon as, afore-
said for the repayment
scud' is hereb authorized and directed to apply first in
3.
The Treasurer of the Corporation i .
Or
. menu of s
uch' advances with interest thereon as aforesaid all moneys borrowed .on t e cre
pay
ch advances and to defray the cost of the said works and all moneys
a
of the Corporation to repay su h cost of the said works. :
l li
from, other' � sources. pQper :Y
.:..:.,, , a , .,P „P cable tot e
, . _ .
this 1 t d S pt. 19
2 h ay f
6
_ Passed by the
said Council •_ ,
. or or Reeve as the case V..O.Ve.,............,... (May AMR may be.) , •• cam.
. f a By-law passed by the Council of the Municipal M
j I certify that the foregoing is a true copy o y
nvi l l e on the 12th, day
”
Corporation of the Town of Howes .
Po
- ritin hereto annexed is a true copy of Construction
dr Set 19 60, and that the paper w 0
the said Council
passed by
By-law Number 17 54 r
- - � - -- � .a...... Q♦ _ 14 fin. ,
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