HomeMy WebLinkAbout82-7760
4
THE CORPORATION OF THE TOWN OF NEWCASTLE
BY -LAW 82 -77
being a by -law to raise money to aid in the construction
of drainage works under The Tile Drainage Act 1971
The Council, pursuant to The Tile Drainage Act 1971 enacts as follows:
1. The Corporation may from time to time, subject to the provisions of
this by -law, borrow on the credit of theCorporation such sums not
exceeding in the whole $150,000.00 (One hundred and fifty thousand
dollars) as may in manner hereinafter provided, arrange for the issue
of debentures on behalf of the Corporation for the amount so borrowed
as provided in the Act payable to the Treasurer of Ontario at the
Parliament Buildings, Toronto, which debentures shall reserve the
right to redeem the debentures at any time on payment of the whole
amount of principle and interest owing at the time of such repayment.
2. Where an application for a loan under the Act is approved by the
Council and the inspector of drainage has filed with the Clerk an
inspection and completion certificate, the Council may apply to the
Regional Municipality of Durham to include a sum, not exceeding the
amount applied for or 60 per cent of the total cost of the drainage
work with respect to which the loan is made, in a debenture payable
to the Treasurer of Ontario in accordance with the Act, and may
approve of the Corporation lending the said sum to the applicant.
3. A special annual rate shall be imposed, levied and collected over and
above all other rates upon the land in respect of which the money is
borrowed, sufficient for the payment of the principle and interest
as provided by the Act.
By -law
read
a first
and
second time
this
7th
day
of
June
1982
By -law
read
a third
and
final time
this
28th
day
of
July
1982
Garnet B. Rickard, Mayor
5
David W. Oakes, Clerk
File No. --O q --
B E F O R E :
Ontario Municipal Board
E 820835
IN THE MATTER OF Section 64 of
The Ontario Munid 1 Board Act,
(R. S.5. 1950, C. 3 ,
- and -
IN THE MATTER OF an application
by The Corporation of the Town of
Newcastle for approved of the
borrowing on its behalf by The
Regional Municipality of Durham
the sum of $150,000.00 to be used
by the applicant for the purposes
of The Tile Drainage Act, R.S.O.
1985, c. , as amended
A.H. ARRELL, Q.C.
Vice - Chairman
- and -
J. R. MIUS
Member
]
]
] Tuesday, the 29th day
]
] of June, 1982
]
]
THE BOARD ORDERS that this application be granted and
that The Regional Municipality of Durham may now proceed
with the borrowing upon debentures on behalf of The
Corporation of the Town of Newcastle in a total sum not
to exceed $150,000.00 and for such purpose both the said
regional municipality and the applicant corporation may
pass all requisite by -laws.
�rENTERED
0.
alio INo. 3.. ..........
Ju�9 - 192
7t
AA
B
108329
No.
Rec`s4'll rlivisen of Newcastle (No. 10)
t ! LlR rY that !h;= r_' _ ^t ._ rem#,erad as of
/ A.
land Rayis UG it
at
14 p2 'in the
Land Renfstrar
By -Law 82 -77
THE CORPORATION OF THE TOWN OF NEWCASTLE
TO RAISE MONEY TO AID IN THE CONSTRUCTION
OF DRAINAGE WORKS UNDER THE TILE DRAINAGE
ACT, 1971
PAID
i,AND REGISTRY OFFICE N0.10
APPLICATION TO REGISTER BY -LAW
TILE DRAINAGE ACT, R.S.O.
1980, c. 500, s. 2(2)
TO: The Land Registrar
for the Registry Division of Newcastle (No. 10)
THE CORPORATION OF THE
register the duplicate
provisions of The Tile
have registered a cert
• The Corporation of the
•
TOWN OF NEWCASTLE being required to
original By -law enacted under the
Drainage Act, hereby applies to
ified copy of By -law No. 82 -77 of
Town of Newcastle.
The evidence in support of this Application consists of:
1. A certified copy of By -law No. 82 -77 and a copy of the
Ontario Municipal Board dated the 29th day of June, 1982.
Address for service is 40 Temperance Street, Bowmanville,
Ontario.
THE CORPORATION OF THE TOWN OF NEWCASTLE
by its solicitors
SIMS BRADY & McINERNEY
Per:
k
0
0
THE CORPORATION OF THE TOWN OF NEWCASTLE
BY -LAW 82- 77
being a by -law to raise money to aid in the construction
of drainage works under The Tile Drainage Act 1971
The Council, pursuant to The Tile Drainage Act 1971 enacts as follows:
I. The Corporation may from time to time, subject to the provisions of
this by -law, borrow on the credit of theCorporation such sums not
exceeding in the whole $150,000.00 (One hundred and fifty thousand
dollars) as may in manner hereinafter provided, arrange for the issue
of debentures on behalf of the Corporation for the amount so borrowed
as provided in the Act payable to the Treasurer of Ontario at the
Parliament Buildings, Toronto, which debentures shall reserve the
right to redeem the debentures at any time on payment of the whole
amount of principle and interest owing at the time of such repayment.
2. Where an application for a loan under the Act is approved by the
Council and the inspector of drainage has filed with the Clerk an
inspection and completion certificate, the Council may apply to the
Regional Municipality of Durham to include a sum, not exceeding the
amount applied for or 60 per cent of the total cost of the drainage
work with respect to which the loan is made, in a debenture payable
to the Treasurer of Ontario in accordance with the Act, and may
approve of the Corporation lending the said sum to the applicant.
3. A special annual rate shall be imposed, levied and collected over and
above all other rates upon the land in respect of which the money is
borrowed, sufficient for the payment of the principle and interest
as provided by the Act.
By -law read a first and second time this 7th
By -law read a third and final time this 28th
CERTIFIED UNDER THE HAND OF THE
CLERK AND THE SEAL OF THE
UWMYM
to 19 A MN T1 OF TOWN OF NAM � - �
M i� NNMA�MM Oi THE TOMfN M NalGtnt
ter"
day of June 1982
day of July 1982
l
vG-Z -G
Garnet B. Rickard, Mayor
David W. Oakes, Clerk
r1
U
0
B E F O R E:
Ontario Municipal Board
E 820835
IN THE MATTER OF Section 64 of
The Ontario Municipal Board Act,
R.S.O. 9 0, c.. 347),p
- and -
IN THE MATTER OF an application
by The Corporation of the Town of
Newcastle for approval of the
borrowing on its behalf by The
Regional Municipality of Durham
the sum of $150000.00 to be used
by the applicant for the purposes
of The Tile Drainage Act, (R.S.O.
1980, c. 500)f as amended
A.H. ARRELL, Q.C•
Vice - Chairman
- and -
J. R. MILLS
Member
]
] Tuesday, the 29th day
j of June, 1982
]
THE BOARD ORDERS that this application be granted and
that The Regional Municipality of Durham may now proceed
with the borrowing upon debentures on behalf of The
Corporation of the Town of Newcastle in a total sum not
to exceed $150,000.00 and for such purpose both the said
regional municipality and the applicant corporation may
pass all requisite by -laws.
SECRETARY
ENTERED
0. �. hlo..••a
FA0NO-' .. ...................
I
Rego <ir,.Division of Newcastle (No. 10)
! CLR7 a-Y that this is regis!ered as of
Land Registry;���
Office at
BoN, manville4
Ontario,
14 t BZ in the
Land R2Gis'ratr'
PAID
M REGISTRY OFFICE NO. 10
--vim
i
By -Law 82 -77
THE CORPORATION OF THE TOWN OF NEWCASTLE
TO RAISE MONEY TO AID IN THE CONSTRUCTION
OF DRAINAGE WORKS UNDER THE TILE DRAINAGE
ACT, 1971
•