HomeMy WebLinkAbout918A by-law to provide for borrowing $2280.08, upon debentures to pay for the construction of a sewer on Scugog Street
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2280.0E
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The debenturecs us to both principah and interest may be �sxpressed
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in 'Canadian currency or Sterling money of Great Britain, at the rate of
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one pound sterling; for each four dollare and eighty -six and two- tYArds
cents, and may be, payable at orgy place or places in C anada or Great
Britain.
4. The Mayor,, of the Corporation sh ill sign and issue the debentures;
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the same and the interest coupons shall also be signed by the Treasurer
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of the Corporation, and the debentures shall be sealed with the , Aeeal of
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the,, Corporation.
5. Luring thirty years,` the' currency of .the debl�ntureg, the sum of
I56.88:' sha 1 -be raised annually for the payment of - the debt and interest r
as follows
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The sum of $56.48 shall. be raised annually y p Ym
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Corporations s portion of the cost and the interest thereon, and shall be
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levied and raised annually .by a special rate sufficient there or over
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at the same time and in the' same manner as other' .rates. '
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For, the paym ent of the Owners' portion of 'the eos,t and the interest
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thereon the special assessment set •' forth in the' said specia3. ,Assessment
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Roll is hereby imposed upon the lands ,liable' therefor as therein set forth;
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which said special assessment, with a sum sufficient to cover interest
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thereon at the -rate aforesaid shall be 'Payable in thirty, equal a „ nua,l
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BOVIIANVILLY, top rovid�a fo r
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'bo rrowin8� .�g ��pon
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debentures under the provi� zone
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