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HomeMy WebLinkAbout73-54TOWN OF BONMANVILLE 73-54 A Byrisw �o authorl3p the issue of a Debenture in the principal amount of $293,874.00 for the purposes referred to in Schedule "A'' attached hereto, i,;TTE=�'S- the C,­,,_r,.cil of The Corporation of the Town of Bowmanville nov deems it expedient for tLe jurpose,5 set c in Whelnle-"A" attached hereto to borrow =eV by the issue and sale to The Treasurer of Ontario of a ?ebanture of this Yanicipality in the principal aroun• .of t293,874.00, bearing interest at the rate of 7 % per annuu_rl -- - `,� - , u, �,)atyaLj_,:- se i-annually, which is the amount of debt intended to be create& by this By- law. NOW THEMI:FORI the Council of The Corpera-,ion of the Town of Bowmanville . . enacts as follaws: 1. THAI for the parposes aforesaid money shall be borraynd on the o:f•edit of The Corporation of Town of Bowmanville by the issue of a Debenture of the Corporation in the principal aniount of $ 293, 874.00 bearing interest at the rate of 7 % per annum j,.­3,yaI;Ie semi-annually on the ist day of April and the 1st day of October in each year of the curzoncy of the DeMbenturej upon b principal anourt from Hmp to time reTajnjq,, unpaid, 2, THPff the said Debekture and shall be payable in ?o ann October in the years 19 7 4 of principal and interest payable to !-�';93 , fnc-livsive, shall.be as shall ba dated Me ist day c! October i17 31 ial instalments of principal on the, ist day of to 19 93 , inclusive, and the respective anounts in respect of such Debenture in the years 19 74 set forth in- Schedule "T attached hereto. 3. T111AT the said payments of principal and interest shal-3- be -pa -,, le in lawful money cf Canada by cheqqQs sent thrQugb the post. to the. registered address u• the registered suner of the Debenta•e and such cheques bha±l be payable at par K the City of Toronto- 4. "LTInT the said Debenture shall be sealed vith the Seal of' the ana Ahall be signed by the Rad of the Uvanail or by sane otqer person authorised by !q-]Lw to sign thD w me, and by nua T: aa6urew a-15- r. requirEd to pay sff the Anstalmeats of principal of the Won0inn at! to pay Interest theyear — set-out ir WhoWn "Y".atknoted fAlQu st"il be levied and'raized in the jears 19771 W 1993 inclusive by a spe2iaj, Ke suffAwlznt tKown1bre, -vvar art above all other rates'-v 31) all - 2 - property in the Municipality at the same time and in the same manner as other rates, but it shall not be necessary to levy in any year a greater amount than is required to pay the said instalment of principal and interest after taking into account receipts by the treasurer in respect of such utility under section 35 of the Public Utilities Act, or from any other source in respect of said works. 6. THAT the said Debenture be sold to The Treasurer of Ontario. 7. THAT the said Debenture shall contain a clause providing for the registration thereof pursuant to Section 326 of The Municipal Act. 8. (a) The Corporation shall have the right, at its option, to redeem the said debenture on any interest payment date prior to maturity by payment of the unmatured principal amount thereof together with interest accrued to the date set for redemption. (b) The unmatured principal of the debenture shall become due and payable on the date set for redemption thereof, and from and after such date interest ceases to accrue thereon where pro- vision is duly made for the payment of the amount thereof. (c) Notice of intention so to redeem shall be sent by post at least thrity days prior to the date set for such redemption to the person in whose name the debenture is registered at the address shown in the Debenture Registry Book. (d) At least thirty days prior to the date set for such redemption, notice of intention so to redeem shall be published in The Ontario Gazette and in a newspaper of general circulation, if any, in the municipality. 9. THAT application_ shall be made to the Ontario Municipal Board for approval of this By -law and for the certification of the Debenture to be issued hereunder pursuant to Section 58 to 60 of The Ontario Municipal Board Act. 10. THAT Schedules "A" and "B" attached hereto, are hereby declared to be and to form part of this By -law. ENACTED this fa aj/Z7b day of ® � '�� �, 19 �A. ....... (Seal) .......................... (Clerk ) ... ..... .....�� ..................... (Mayor) v S-i s~ .n U Q 4-I O CD OD M Q m O N H V'I- 2s U) H 5, 1 r4 O • 4 . v W O O O CO O O p O _4 Pq O � CO —4 O S� co Q O O •4 O r4 U p 4j r ri H. U � t` 3 l o rn 4a CO l O U O •4 m P 4a w N •1-4 O I~ p I ZI N t` Z U cz O Pa H CZ t` 0 .� Z O U O M •4 (1) W � � H ro rd ro U r r-I a3 N ro LO l U2 U N Z cd r- 4-i O O •r4 m 1:� Co o O �4 +-) r-I ::� U •,.q P+ ::J LH 4-) �4 4-) u)Nz 0 4-) O rd r—I U 3 104 rl .r1 O PQ 44 O O ,n E-1 l M t\ W H Z F'B'I O 3 Q Z W O i H � H a Q R'i O O H W Rai " O Q U W W H � Q W x U CD OD M Q m O N H V'I- 2s U) H 5, 1 r4 O • 4 . v W O O O CO O O p O _4 Pq O � CO —4 O S� co Q O O •4 O r4 U p 4j r ri H. U � t` 3 l o rn 4a CO l O U O •4 m P 4a w N •1-4 O I~ p I ZI N t` Z U cz O Pa H CZ t` 0 .� Z O U O M •4 (1) W � � H ro rd ro U r r-I a3 N ro LO l U2 U N Z cd r- 4-i O O •r4 m 1:� Co o O �4 +-) r-I ::� U •,.q P+ ::J LH 4-) �4 4-) u)Nz 0 4-) O rd r—I U 3 104 ,i. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 E Town of Bow -manville 73 -54 -I 10,285.59 10,285.59 10,010.00 10,010.00 9,730.00 9,730.00 9,450.00 9,450.00 9,135.00 9,135.00 8,820.00 8,820.00 8,470.00 8,470.00 8,085.00 8,085.00 7,665.00 7,665.00 7,245.00 7,245.00 6,790.00 6,790.00 6,300.00 6,300.00 5,775.00 5,775.00 5,215.00 5,215.00 4,620.00 4,620.00 3,990.00 3,990.00 3,290.00 3,290.00 2,555.00 2,555..00- 1,750.00 1,750.00 910.00 910.00 260,181.18 5 1'0i'tiL 10,285.59 18,159.59 10,010.00 18,010.00 9,730.00 17,730.00 9,450.00 18,450.00 9,135.00 18,135.00 8,820.00 18,820.00 8,470.00 19,470.00 8,085.00 20,085.00 7,665.00 19,665.00 7,245.00 20,245.00 6,790.00 20,790.00 6,300.00 21,300.00 5,775.00 21,775.00 5,215.00 22,215.00 4,620.00 22,620.00 3,990.00 23,990.00 3,290.00 24,290.00 2,555.00 25,555':00 1,750.00 25,750.00 910.00 26,910.00 554,055.18 6 28,445.18 28,020.00 27,460.00 27,900.00 27,270.00 27,640.00 27,940.00 28,170.00 27,330.00 27,490.00 27,580.00 27,600.00 27,550.00 27,430.00 27,240.00 27,980.00 27,580.00 28,110.00 27,500.00 27,820.00 554,055.18 DATC LITE, I -L 1_ Apr. 1/74 Oct. 1/74 7,874.00 Apr. 1/75 Oct. 1/75 8,000.00 Apr. 1/76 Oct. 1/76 8,000.00 Apr. 1/77 Oct. 1/77 9,000.00 Apr. 1/78 Oct. 1/78 9,000..00 Apr. 1/79 Oct. 1/79 10,000.00 Apr. 1/80 Oct. 1/80 11,000.00 Apr. 1/81 Oct. 1/81 12,000.00 Apr. 1/82 Oct. 1/82 12,000.00 Apr. 1/83 Oct. 1/83 13,000.00 Apr. 1/84 Oct. 1/84 14,000.00 Apr. 1./85 Oct. 1/85 15,000.00 Apr. 1/86 Oct. 1/86 16,000.00 Apr. 1/87 Oct. 1/87 17,000.00 Apr. 1/88 Oct. 1/88 18,00 0.00 Apr. 1/89 Oct. 1/8`9 20,000.00 Apr. 1/9`0 Oct. 1/90 21,000.00 Apr. 1/91 Oct. 1/91 23,000.00 Apr. 1/92 Oct. 1/92 24,000.00 Apr. 1/93 Oct. 1/93 26,000.00 293,874.00 E Town of Bow -manville 73 -54 -I 10,285.59 10,285.59 10,010.00 10,010.00 9,730.00 9,730.00 9,450.00 9,450.00 9,135.00 9,135.00 8,820.00 8,820.00 8,470.00 8,470.00 8,085.00 8,085.00 7,665.00 7,665.00 7,245.00 7,245.00 6,790.00 6,790.00 6,300.00 6,300.00 5,775.00 5,775.00 5,215.00 5,215.00 4,620.00 4,620.00 3,990.00 3,990.00 3,290.00 3,290.00 2,555.00 2,555..00- 1,750.00 1,750.00 910.00 910.00 260,181.18 5 1'0i'tiL 10,285.59 18,159.59 10,010.00 18,010.00 9,730.00 17,730.00 9,450.00 18,450.00 9,135.00 18,135.00 8,820.00 18,820.00 8,470.00 19,470.00 8,085.00 20,085.00 7,665.00 19,665.00 7,245.00 20,245.00 6,790.00 20,790.00 6,300.00 21,300.00 5,775.00 21,775.00 5,215.00 22,215.00 4,620.00 22,620.00 3,990.00 23,990.00 3,290.00 24,290.00 2,555.00 25,555':00 1,750.00 25,750.00 910.00 26,910.00 554,055.18 6 28,445.18 28,020.00 27,460.00 27,900.00 27,270.00 27,640.00 27,940.00 28,170.00 27,330.00 27,490.00 27,580.00 27,600.00 27,550.00 27,430.00 27,240.00 27,980.00 27,580.00 28,110.00 27,500.00 27,820.00 554,055.18 G 8087 ONTARIO ONTARIO MUNICIPAL BOARD i iP N legislation ere inbefore referred tot and of any and all other powers vested in : ©e Board that By-law 73-54 passed on the 4th day of September, 19730, be and the 2E_ *tk. -AW4404: SiECRE.TARY. ONTARIO P BOARD I