009
ELGIN
OF
COUNTY
9
By-Law No
INTERES!
AND
OF FIVE THOUSA~D POilliDS
RAISE THE SUM
"TO
ERECTING A]D
IN
f&¥ABLE_WITHIN TEN YEARS TO BE APPLIED
COUNTY OF ELGIN
THE
IN
AND GOAL
FINISHING THE COURT HOUSE
Aª~_FOR THE E~~ENSES_~f THE PROVISIONAL COUNCIL AND OFFICERS
EMPLOYED I\'LQR...ABOUT THE_SAME
"
~tHEREAS it is desirable and expedient to raise
and contract for a Loan of Five Thousand Pounds for the
purpose of being applied to defray the expense incurred
or to be incurred in erecting and finishing the Court
House and Goal in the County of Elgin and for the gen-
eral and incidental expenses incurred or to be incurred
by the Provisional Council and the Provisional Officers
employed or to be employed in or about the same, and it
will require the additional sum of Seven Thousand Two
Hundred and Fifty Pounds to be raised as a special rate
for the payment of such Loan in equal annual payments
and the interest thereof for the space of ten years from
Thursday the eighteenth day of August next ensuing until
the eighteenth day of August in the year of Our Lord One
Thousand Eight Hundred and Sixty-Two both years inclusive
AND WHEREAS the amount of the whole rateable
property of the County of Elgin according to the assess-
ment returns for the same for the year One Thousand Eight
Hundred and Fifty-Two being the financial year next pre-
ceeding the passing of this By-Law was One Million One
Hundred and Seventy-four Thousand Six Hundred and Ninety-
three pounds and fifteen shillings currency and whereas
it will require the several rates in the pound mentioned
in the schedule appended hereunto and forming part of this
By-Law upon such rateable property as a special rate for
the payment of said interest and for the creation of a
sinking fund for the equal annual payment of the princi-
pal of such Loan according to the requirements of the One
Hundred and seventy-seventh section of the Upper Canada
Municipal Act Twelfth Victoria Chapter Eighty-first as
amended by the fourteenth and fifteenth Victoria Chapter
One Hundred and Nine.
BE IT THEREFORE enacted by the Provisional
Municipal Council of the County of Elgin under Authority
of the Upper Canada Municipal Corporations and Territorial
Divisions Act and it is hereby enacted under authority of
the same.
(Cont'd)
9
By-Law No
Page 2
Firstly - That it shall and may be lawful to
and for the Provisional Warden to raise by way of Loan
and at a rate of interest not exceeding eight per cent
per annum from any person or persons body Corporate or
Politic who may be willing to advance the same upon
Credit of the Debentures hereinafter mentioned a sum
of money not exceeding in the whole the sum of Five
Thousand Pounds and to cause the same to be paid into
the office of the Bank of Montreal in St. Thomas sub-
ject to the order of the Provisional Treasurer of the
said County for the within purposes.
Secondly - That it shall and may be lawful
for the Provisional Warden to cause or direct any
number of Debentures to be made in sums not less than
Twenty-five pounds for such sum of money not exceeding
in the whole the sum of Five Thousand Pounds as any
person or persons body Corporate or Politic shall agree
to advance on the credit of such Debentures. Such
Debentures to be under the common seal of the said
County signed by the Provisional Warden and Provisional
Treasurer for the time being and the said Provisional
Warden and Provisional Treasurer are hereby authorized
and required to sign the same which said Debentures
shall be made out in such form and manner and payable
at such periods not exceeding Ten Years as the Pro-
visional Warden shall think fit and shall have cou-
pons attached to them for the payment of the interest
which in like manner shall be signed or initialled by
said Provisional Warden and Provisional Treasurer.
That the Interest on such Debentures shall be payable
half yearly at the Office of the Bank of Montreal in
St. Thomas and,
Thirdly - That the sum of Five Hundred Pounds
being the tenth equal part of the said sum of Five Thou-
sand Pounds shall be made payable on or before the
eighteenth day of August in each of the years Eighteen
Hundred and fifty-four, eighte~m hundred and fifty-five
Eighteen Hundred and fifty--six, Eighteen Hundred and
fifty-seven, Eighteen Hundred and fifty-eight, Eighteen
Hundred and fifty-nine, Eighteen Hundred and Sixty,
Eighteen-Hundred and sixty-one, Eighteen Hundred and
sixty-two;& Eighteen Hundred and sixty-three at the office
of the Bank of Montreal in St. Thomas.
Fourthly - That for the payment of the said in-
terest and the equal annual payment of the said Debentures
there shall be raised, levied and collected upon the whole
rateable property within the said County the rates and sums
mentioned in the schedule appended to the By-Law and
forming a part of the same as a special rate in each year
)
(Cont'd
By·-Law No. 9 Page 3
mentioned in the said schedule during which the said De-
bentures or any of them shall remain outstanding or the
sums of money thereby secured or any part thereof shall
remain unpaid over and above and in addition to all
other rates whatsoever.
Fifthly - That the said sum of Five Thousand
pounds when so paid into the said office of the Bank of
llIontreal in St. Thomas shall be appropriated towards de--
fraying the expense of erecting and finishing the said
Court House and Goal and for the general and incidental
expenses incurred by the said Provisional Council and
the Provisional officers employed on or about the same.
Sixthly - And be it enacted that this By-Law
shall be inforce and take effect from and after the
Eighteenth day of August next
Seventhly - And be it further enacted that
the fOllowing shall be the schedule referred to in this
By-Law.
~
2 i ths of Id in the ~ in 1853 to provide for È 900
-~ 1854 860
2 7 " .. "
Lao
'21+47 " " 1855 " 820
2~~ " .. 1856 .. 780
'2d~ " " 1857 " 740
2aÆ~- " " 1858 " 700
~~ " " 1859 " 660
2*~ .. " 1860 " 620
280
'2ì+£¡7 " .. 1861 " 580
~ " " 1862 " 540
2 +7
(Cont'd)
By-Law No. 9 Page Lp
County of Elgin
St. Thomas 13th May 1853
Passed 18th August 1853 Thos Locker
John McKay Prov ú\Tarden
Provo Clerk
Read, approved and ordered to be advertised 13th May 1853.
Certified - J. McKay
P. Clerk
Read the 1st time on Thursday the 18th of August 1853.
Certified - J. McKay Provo Clerk
Read the 2nd time on Thursday the 18th of August 1853.
Certified - J. McKay Provo Clerk
Read the 3rd time on Thursday the 18th of August 1853.
Certified - J. McKay Prov. Clerlc
Passed on Thursday the 18th of August 1853.
Certified - J McKay Provo Clerk