HomeMy WebLinkAbout68-20THE CORPORATION OF THE
TOWN OF BOWMAqVLLE
By -LAW NO. 68-20
a by-law to authorize the borrowing of $23,200
Being to pal, the cost of constructing a
upon debentures
sanitary sewer and waterrnain on Simpson Avenue and
certain works as local imp
WHEREAS Epson
the Council of the Corporation Of the Town of Bow .. anill, by
By-Law No. 68-19 authorized the construction of a sanitary sewer and a watermain
on Simpson Avenue southerly from the Base Line Road;
14D WHEREAS the total cost Of the said work, after deducting winter
A
works subsidy is $17,900-00- of the Corporation of the Town of Bowmanville
AND T
,qR-7,REAs the Council of October, 1965 authorized the con-
by Bv-Law NO- 1943 passed on the 4th day Liberty Street to St- George
struction of a watermain on Queen Street, from
Street; AND WHEREAS the total cost Of the said work, after deducting an-!
subsidies or cm-mnutaticlns is $52300-00 of which S12 is to be borne by
859.56
on and $3,4-40.44 by owners of land abutting on the said work;
the Corporat-
es de and certified;
A1,1 WEERFEAS special assessmeMt rolls have been ma. 1968, given
AN an Act cited as The Town of Bommanville Act,
WHEREAS day of April, 1968 authorized the passin5Z of By -Law
a upon the
Royal Assent On the Iltii 1943 to be legal, valid and binain,
leclaree, 7Y-Law No'
_No. 68-19 and. c a the approval of The Cor, -a the ratepayers thereof Without obtaining
Corporation an
Ontario Municipal Boara*5 41 dpp.-'�s it ....dient to borrow for the above
AND WHEREAS COunc---- 00 uoon, the credit Of the Corporation and
purposes t ey.ceeding $23,200. annually
,,Oses a Sum no in- interest payable a
debentures therefore bearing
to issue ore series of debe part Of this
at the rate of 7 Sched-ule IIAYI attached to and forming -4/o Shown in
b-9Iaw- Corporation of the Town of -Bowmanville
NOW THEREFORE Council of the CO
EFopE the COU
- 2 -
- 3 -
7. The said debentures may contain a clause providing for the registration
thereof pursuant to Section 323 of the Municipal Act.
READ a first and second time this 3 day of 1968.
Mayor
4.
Clerk,
READ A third time and finally passed this day of 6�Z,
1968.
Clerk
• W�
BY -LAW NO. 68 -20
SOFTEDULF Pt/Att
Year of
Debenture No.
Maturity
Principal
Rate
Interest
Total
1
1969
500.00
714%
1,798.00
2,298.00
2
1970
500.00
tt
1,759.25
2,259.25
3
1971
600.00
If
1,720.50
2,320.50
4
1972
600.00
it
1,674.00
2,274.00
5
1973
700.00
it
1,627.50
2,327.50
6
1974
300.00
if
1,573.25
2,373.25
7
1975
800.00
it
1,511.25
2,311.25
8
1976
900.00
tt
1,449.25
2,349.25
9
1977
1,000.00
tt
1,379.50
2,379.50
10
1978
1,000.00
it
1,302.00
2,302.00
11
1979
1,100.00
tt
1,224.50
2,324.50
12
1980
1,200.00
It
12139.25
2,339.25
13
1981
1,300.00
tt
1,046.25
2,346.25
14
1982
1,400.00
tt
945.50
2,345.50
15
1983
1,500.00
tt
837.00
2,337.00
16
1984
1,600.00
tt
720.75
2,320.75
17
1985
1,700.00
IT
596.75
2,296.75
18
1986
1,900.00
tt
465.00
2,365.00
19
1987
2,000.00
tt
317.75
2,317.75
20
1988
24100.00
it
162.75
2 _2262.75
23,200.00
23,250.00
46,450.00