011
COUNTY OF ELGIN
II
By-Law No
SUM OF SEVEN THOUSAND POUNDS
THE
BY WAY OF LOAN
TO RAISE
COUNTY
AMOUNT OF DEBT DUE_1?Y THE
INTEREST TO PAY THE
AND
AND
COUNTY OF MIDDLESEX AND 'ro COMPLETE
FINISH TlΠGOAL AND COURT HOUSE OF THE
THE
OF ELGIN TO
"
COUNTY OF ELGIN
Passed lOth May 1854
SAID
WHEREAS in accordance with the agreement dated
at London the Twenty-eighth day of September One Thousand
Eight Hundred and fifty-three, made by the late Provision-
al Council of the County of Elgin with the Municipal Coun-
cil of the United Counties of Middlesex and Elgin for the
adjustment and settlement of the proportion of the debt
due by the said United Counties of Middlesex and Elgin
which it was considered just, that the County of Elgin on
its being disunited from Middlesex, should take upon its-
elf with the time of payment thereof the sum of Five
thousand pounds with interest after the first day of Janu-
ary One Thousand Eight Hundred and fifty-four, was by
mutual consent determined on as the proportion of the debt
so due by the said United Counties on the next first day
of January including the repairs made and to be made in
the same year on the Port Stanley Road in Elgin that it
was considered just that the County of Elgin should take
upon itself.
AND vffiEREAS it is desirable and expedient to
raise and contract for a loan of Seven Thousand Pounds
for the purpose of being applied to pay the --ãlores-aid--
debt due by the County of Elgin to the County of Middle-
sex aforesaid and to complete and finish the Goal and
Court House in the said County and it will require the
additional sum of Twelve Thousand Eight Hundred and
Eighty pounds to be raised as a special rate for the pay-
ment of such Loan in equal annual payments and the in-
terest thereof for the space of Twenty years from the
Tenth day of May next ensuing until the Tenth day of
May in the year of Our Lord One Thousand Eight Hundred
and Seventy-three, both years inclusive.
AND WHEREAS the amount of the whole rateable
property in the County of Elgin according to the assess-
ment returns for the same for the year One Thousand Eight
Hundred and fifty-three being the financial year next pre-
ceeding the passing of this By-Law was One Million Two
)
(Cont'd
II
By-]~aw No
Page 2
Hundred and Eight
Hundred and Twenty-nine Thousand Nine
pounds
AND ùmEREAS 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 pro-
perty as a special rate for the payment of said interest
and for the creation of a sinking fund for the equal an-
nual payment of the principal 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 Municipal Council
of the County of Elgin under authority of the Upper Canada
Municipal Corporation and Territorial Divisions Act and it
is hereby enacted under authority of the same
Firstly - That it shall and may be lawful to and
for the Warden of the County of Elgin 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 Seven Thousand Pounds
and to cause the same to be paid into the office of the
Baw( of Montreal in St. Thomas subject to the order of the
Treasurer of the said County for the within mentioned pur-
poses
Secondly - That it shall and may be lawful for
the 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 Seven
Thousand Pounds as any person or persons body corporate or
politic shall agree to advance on the credit of such De-
bentureS..Such Debentures to be under the Common Seal of the
said County signed by the Warden and Treasurer for the time
being and the said Warden and Treasurer are hereby authori-
zed 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 Twenty years and shall have cou-
pons attached to them for the payment of the interest which
in lilëe manner shall be signed or initialed by said Warden
and Treasurer
Thirdly - That the interest on such Debentures
shall be payable by the Treasurer half yearly at the Office
of the Baw( of Montreal in St. Thomas and the sum of Three
Hundred and Fifty pounds being the Twentieth equal part of
(Cont'd)
Page 3
II
By-Law No
the said sum of Seven Thousand pounds shall be made pay-
able on or before the Tenth day of May in each of the years
One Thousand Eight Hundred and fifty-five, One Thousand
Eight Hundred and fifty-six, One Thousand Eight Hundred and
fifty-seven, One Thousand Eight Hundred and fifty-eight,
One Thousand Eight Hundred and fifty-nine, One Thousand
Eight Hundred and Sixty, One Thousand Eight Hundred and six-
ty-one, One Thousand Eight Hundred and sixty-two, One Thou-
sand Eight Hundred and sixty-three, One Thousand Eight Hun-
dred and sixty-four, One Thousand Eight Hundred and sixty-
five, One Thousand Eight Hundred and sixty-six, One Thou-
sand Eight Hundred and sixty-seven, One Thousand Eight Hun-
dred and sixty-eight, One Thousand Eight Hundred and sixty-
nine, One Thousand Eight Hundred and seventy, One Thousand
Eight Hundred and seventy-one, One Thousand Eight Hundred
and seventy-two, One Thousand Eight Hundred and seventy-
three, One Thousand Eight Hundred and seventy-four at the
office of the Bank of Montreal in St. Thomas.
Fourthly - That for the payment of said interest
and the equal annual payment of the said Debentures there
shall be raised, levied and collected upon the whole rate-
able property within the said County the rate and sums men-
tioned in the said Schedule during which the said Debentures
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 Seven Thousand
Pounds when so paid into the said office of the Bank of
Montreal in St. Thomas, shall be appropriated towards de-
fraying the amount of the debt due as aforesaid by the
County of Elgin to the County of Middlesex and also towards
the completion and finishing of the Goal and Court House in
the said County of Elgin.
By-Law shall
Tenth day of
And be it enacted that the
effect from and after the
and fifty-four
Sixthly -
be in force and take
May Eighteen;Hundred
Seventhly - And be it further enacted that the
shall be the Schedule referred to in this By-Law.
following
Pound in 1854 to raise
in the
of one penny
'2~~~
È 910
4L~1
25b2
882
854
..
"
1855
1856
"
"
"
..
J±?-1
'2562
(Cont'd)
By-Law No II Page 4
~ of one Penny in the Pound in 1857 to raise È 826
25 2
~~ " " 1858 " 798
~~ " " 1859 "
25 2 770
èH " " 1860 " 742
d~ " " 1861 " 714
2~~ " " 1862 " 686
.--1~. 1863 658
25 2 " " "
2~H " " 1864 " 630
--101 1865
2562 " " " 602
·-?-F 1866 574
25 2 " " "
¿iB " " 1867 " 546
¿-~t~ " " 1868 " 518
__?!*2
25 2 " " 1869 " 490
åt! " " 1870 " 462
2~
25 2 " " 1871 " 434
2~
25 2" " " 1872 " 406
182
2562 " " 1873 " 378
(Qont't)
By-Law No II Page 5
Passed lOth May 1854
Certified
William McKay Thomas Locker, Warden
County Clerk
Read a first time on Wednesday the lOth May 1854.
Certified - W. McKay C/Clerk
Read a second time on Wednesday the lOth May 1854.
Certified - W. McKay C/Clerk
Read a third time on ~Jednesday the 10th May 1854.
Certified - W. McKay C/Clerk
Passed on Wednesday the lOth May 1854. W. McKay C/Clerk
Certified