HomeMy WebLinkAbout70-19THE CORPORATION OF THE
TOMN OF BOWTIANVILLE
By -Law No. 70 -19
A by -law authorizing the obtaining of temporary
advances to meet the cost of constructing a
parking lot, pending the completion thereof.
WHEREAS, with the approval in writing of the Ontario Municipal
Board, the Municipal Council of the Corporation of the Town of Boxrmanville
has passed Construction By-Law Noe 69 -18 authorizing the construction of
the works described in it as a parking lot, the estimated cost of which
works is $18,000, copies of which by -la�.v and approval are annexed hereto.
AND WHEREAS it is desirable to agree with a bank for temporary
advances to meet the cost of the said works pending the completion thereof.
BE IT THEREFORE ENACTED by the said Council as follows:
1, The Head and Treasurer of the Corporation are hereby
authorized to obtain from the Bank of Montreal temporary advances at
a rate or rates not exceeding of per cent per annum represented by a
promissory note or promissory notes or by way of overdraft or otherwise
not exceeding eighteen thousand dollars to meet the cost of the said
works pending the completion thereof,
2. A promissory note or notes or other vouchers, sealed with
the Corporate Seal and signed on behalf of the Corporation by the Head
and Treasurer thereof, for the advances from time to time obtained under
the authority hereof and interest thereon, may be given to the said Bank
providing for the repayment of or representing the said advances with
interest thereon as aforesaid,
3, The Treasurer of the Corporation is hereby authorized and
directed to apply first in payment of arch advances with interest thereon
as aforesaid all moneys borrowed on the credit of the Corporation to
repay such advances and to defray the cost of the said works and all
moneys from other sources properly applicable to the cost of the said
works.
THE CORPORATION OF THE
TOWN OF BOWMANVILLE
By -Law No. 69 -18
A by -law to authorize the construction of a
municipal parking lot on Church Street.
WHEREAS Council deems it expedient and necessary to provide off - street parking
facilities;
AND WHEREAS by authority of By -Law No. 68 -11 passed on the 9th day of April,
1968, Council did acquire and purchase land for the purposes of the Corporation
known as 130 Church Street;
AND WHEREAS Proctor & Redfern, Consulting Engineers, in a Report dated March 15,
1969, have reported on the construction of a parking lot;
NOW THEREFORE the Council of the Corporation of the Town of Bowmanville pursuant
to the provisions of subsection 67 of Section 377 of The Municipal Act R.S.O. 1960
Chapter 249, hereby ENACTS AS FOLLOWS:
1. That a municipal parking lot be constructed including paving, bumper railings
and striping at a total estimated cost of $18,000.
2. That the Mayor and Clerk be and are hereby authorized to do all acts and sign
all documents and affix the corporate seal of the Town hereto as may be
necessary in connection with making contracts and other matters for the
completion of the said undertaking.
3. This by -law shall not take effect until it receives the approval of the
Ontario Municipal Board pursuant to Sections 63 and 64 of the Ontario
Municipal Board Act, R.S.O. 1960 Chapter 274 and amendments thereto.
READ a first, second and third time and finally passed this
day of
Mayor
Clerk
, 1969.
Form 38 -B Please Quote File umber
Telephone Number G 8732 -69
365 -1912
ONTARIO
THE ONTARIO MUNICIPAL BOARD
145 Queen Street West September 29, 1969
Toronto 1, Ontario
Mr. Anthony P. Geboers
Acting Clerk
40 Temperance Street
Bowmanville, Ontario
Bear Sir:
Re: Municipal
IIIIINYII
irking lot including paving,etc.
;reet
I am—enclosing-.herewith- - duplicate—original_
order.pursuant to Section 64 of The Ontario Municipal
Board Act, together with invoice covering the Board's
fee therefor.
Yours truly
: RA.S R. SCOT
Encls. 2 SECRETARY
P.S, With respect to paragraph 3 of By —law 69 -18, this Board does not
approve by —laws pursuant to section 63 of its Act and, in any
event, the order herein is issued only under the authority of
section 64 of the Board Act*
I
G 8732-69
sui
ONTARIO
ONTARIO MUNICIPAL BOARD
D THE KATTER OF Section 6L of
The Ontario Municipal Board Act
(r'L.S.j. X 960, c. 274—V
- and -
T 7
LiN, '-fH:_'- o 11 _n application
by The 0jorporation of the Town
of 3owrianville for approval of
the cons".-ruction of a municipal
parking lot including paving,
bumper rai1Jn,,_,.,s and striping on
et and the borrowing
Church S .�tre
of the sum of �16,000.00, being
t'.e estimated cost thereof
BLFO.-EIE:
Chairman
Friday, the 26th day of
and
yep tember, 1969
''.1' _"VI]HY, clro
under and in pursuance of the
lel.-islation herainbefore referred to, and of any and all
other powers vested in the Boa-rd, that this application
be and the same is hereby granted, and that the Corporation
may rota proceed with the said undertaking at a total cast
not to exceed X16,000.00 and for such 2urpose may pass all
requisite by-laws, iacludiag by-lavvs providing for the issue
of debentures in a princi pa, .' amount riot exceeding $18,000.00
repayable over a term of not more than tcn years, and may
borrow money to the extent suf"Licientl to provide an amount
not exce,_-ding $i8,00O.W therefor, provided:
1. that the said Corporation may borrow the whole or
any part-, of the said sum Of x,18,000.00 as required
pending,- receipt of subsidies and the sale of de-
berLtures, c the of moneys from any other
source 2 and
SE c HE TA R IT
ENTEI,�ED
Foiio No,
Board