HomeMy WebLinkAbout682A by-law to authorize the borrowing of $45,000 upon debentures for public school purposes
some other person authorized by by -law ' to sign the- sam+s, and by
the Treasur re The said interest aoupon8 shall be signed by
the Treasurer and his signature thereon may, be ��eY►.
atmeed, lithographed or engraved.
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cai in the year 1956 and the in sash ,
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year la �rhioh an inelsahaent of princjpe,1 of the sold debt and
yep,
interest beoo:ne due,, the Corporation shell levy and raise the -
sp eoifio sum shown for the respeotive year in the fourth oolumn
of the said sohedul* * 8uoh sum shall be levied and raised by
a s eoial rate eaffioient therefor over and above all other p
Mateo upon all the rateable property in the moaniolpality
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assessed to public sa'bool supportereo
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60 The said debentures may contain a clause ` providing
: for the regietratio "n thereof pursuant to section 336 of
The Muni:oipal Act.
?. Pending the sale of the said debentures the Read .'of
1 the :Connoil and the Treasurer may raise for the purpose afore=
said by way of loan on. such debentures, any sum or sums. of
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money not, exceeding in all the sum hereby authorized to be
borrowed and may hypothecate such debentures for ouch loan.
Be The 0orporation shall have the right at its option,
A to redeem the said debentures either in who�.e or in part on
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any date prior, to maturity at the planes where and in the
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said, .debentures are ex�re$
„ 7 3.n Which the
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Ripon payment of . the principal amount thereof .together with the
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Merest accrued to the date f redemption ,aai upon gv.ic
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CAD a first and eeoon d im • t%ie
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17 day of may 195d •
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