HomeMy WebLinkAbout1776A By-law to provide for the levy and collection of a special rate
in order to defray the corporation ' s share of the coat of the
conatruction of a high school near the Village of A i1Ibrook In
the ' Township of Cavan, and the f%uniashing and equipping thlereo' f
WHEIMAS by order dated the 15th day of ; june s
° .1960, the Ontario Muni-cipal Board has approved the 1.ssuing of
debentures by the Corporation of the United Counties of North -
umberland and Durham, for the sum of $147,000.00 for the purpose
of provid3ng funds to the Durham County Vistrict High School
Board for the eonstruetilon of : a high school near the - V111al;e of
Millbrook, the Township of Cavan, and the furnishing and
equipper thereof
AND wXWffAs
the Corporation of ,the United
Comties of "Northumberland and Durham sander law Nod 2878
y a�tthoriZed the borrowing of the said si m of $ upon
debentures: for the purposes aforesaid, said debelltures to be
repayable in annual instalments ' durIng the period of twenty -
ears next after the date of the � issue' thereof with interest
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alb.
as in the' said By- law provided.
AND W AS each munielpality in the said,
Durham County High School District is required to levy . -exid
collect by a special, rate on the property rateable ' for school
,purposes in the mutdei pality a sum sufficient to pay its
of the
proportion pr3.ncipal ,and interest payable under ' the
debentures aforesaid.
AND SAS, the amount of the rateable
Property in the within municipality according to the last
revised equalized assessment roll. is � � �i 8 •
ate. $ �� � ,
AND BAs the corporation of the
o i i one ok the muniol
paL9.tiee aa�mprlsiM the
d DOMMM Own* High Sohoo]L Diktridt.
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