HomeMy WebLinkAbout682 (Diff)W
RD
'borrowing of money 79 �ftr,
A By-law authorizing the
of temporary advances pending the issue and 8A10 (f
debentures authorized by By -law ,N o 682.
WHMMS the Council of the Corporation of, the Village of.Newc*atle has emoted its
e second
ByMI&W No 68*20 passed on th' day of September 1955, duly authorising the issue and
.10win purpose,
sum not exceeding $450OWe for the fo3
ale of debentures for raising a
lazolyr for 'the erection of a school building#
AND WHEREAS b Or P"i ;
Order dated the twenty second day of.June.1955.9.the
ding of the
Y
said By-law, was duly approved by the Ontario Municipal Board*
AND not require the assent Of.. the electors or Of
- WHERM the said By-law does
on Tho
VIP
IF
cor ration desired to borrow money as't=PO
of the said debentures;
It
momd4ni the issue and sale
low
MAW OF C
NOASTIA.,
COUNCIL OF THE C► OF THE V-1
THE
NOW*
M
is AC 10]=W300
The Corporation agrees to borrow and doth hereby authorize the borrowing frM
pending the issue and 10 Of the
THE CANADIAN. BANK off' COMM= as -temporary M
debentures above recited such 8=0 as may be "qui red but not exceeding a total of
-=3L&W
"500W,* on the terms and subject to the conditions set forth In this BY
20 within the nuit aforesaid and as moneys are
required from time to time for the
so above recited., the Head and Treasurers acting on behalf of the Corporat
4 the
said Bank for the said purpose
hereby authorized to borrow so from the Assoc
A"
aforesaid and to sign and deliver to the -
and sale of
the debentured a uthorized as sign
id Bat* such p"A&g9ory note or notes as may be rqquired
for the nt of the
aeones borrowed at, such time or times and at such rate of Interest as may be agreed
with the said Bank but not emeeding the rate of 4J per centum per amua,, and to
affix the Corporate sma of the Corporation to such prmissory note or notes.
Treasurer a" authorised to assign and pledge the said
• The Head and hereby- author
debmtwes to the said Bank upon the issue thereof to be hold by the said Bat* &*
co2lAteral security for &31 mdo borrowed ut c under this By-2aw and Interest thereoft
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