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BY -LAW No
= to authorize the borrowing of $15.000 00
whereas the Council of the zZLx OF NE �YCr.51 LE
(hereinafter called the "Municipality ") deems it necessary to borrow the sumT
of $159-000000 to meet, until, the taxes are collected, the current
Y,
e.nenditures of the Municipality for the year;
Nom —Refer And Whereas the total amount of the estimated revenues of the Munici-
to Um crown alit as set forth in the estimates adopted for the
f� � �t P Y p year 19 53, not including.
Lo'p' revenues derivable * or derived from the sale of assets, borrowings or issues of
°f'"` debentures or from a surplus, including arrears "of taxes and proceeds from the sale
of assets, is $ 25 9'64 2.61 y'
S
And Whereas, the total amount heretofore 'authorized to be borrowed
VNaete this this year for the purposes mentioned in subsection (1) of. Section 341 of The
Unot
Municipal Act is $ of which the Municipality ' has
already borrowed a total of $
Therefore the Council of the VI GE of
3��;��iC S T E
hereby enacts as follows:
1. The Head and the Treasurer are hereby authorized on behalf of the Municipality to
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