533
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COUN'ry OF ELGIN
By-Law No. 533
'TO RAISE THE SUM OF FIFTEEN THOUSAND DOLLARS TO PROVIDE
FOR THE COST OF ERECTING AN IRON BRIDGE AT THE VILLAGE OF
PORT STANLEY. AND OTHER BRIDGES TO BE ERECTED IN THE COUNTY
OF ELGIN DURING THE YEAR 1894, AND TO AUTHORIZE THE ISSUING
OF DEBENTURES THEREFOR.
Passed 13th November 1894.
WHEREAS it is necessary to raise the sum of fifteen
thousand dollars for the purpose of providing for the cost
of the erection of an iron bridge at the Village of Port
Stanley, and other bridges to be erected in the County of
Elgin during the year 1894; and in order thereto it will
be necessary to issue Debentures of the Municipality of
the County of Elgin for the sum of fifteen thousand dollars,
payable as hereinafter provided.
AND ~mEREAS it will be requisite to raise the sum of
one thousand nine hundred and forty-two dollars and fifty-
seven cents each year respectively.
AND WHEREAS the amount of the whole rateable pro-
perty of the Municipality, according to the last revised
Assessment Rolls of the said Municipality amounts to thir-
teen million eight hundred and ninety-four thousand eight
hundred and sixty dollars.
AND WHEREAS this Municipality has no existing
Debenture Debt.
THEREFORE the Municipal Council of the Corporation
of the County of Elgin enacts as follows:-
1st. It shall be lawful for the Warden of the said
County of Elgin, for the purpose aforesaid to borrow the said
sum of fifteen thousand dollars, and to issue Debentures of
the said Municipality to the amount of fifteen thousand
dollars in sums of not less than one hundred dollars each,
payable on the first day of January in each year, during
the period of ten years from the date of the issuing Jf
the Debentures in the manner and for the amounts set forth
in the Schedule hereinafter contained.
( C ont ' d)
By-Law No. 533 Page 2
2nd. It shall be lawful for the Warden of the said
Municipality and he is hereby authorized and instructed to
sign and issue the said Debentures hereby authorized to be
issued, and to cause the same the interest coupons attached
thereto to be signed by the Treasurer of the said Municipality
and the Clerk of the said Municipality is hereby authorized
and instructed to attach the seal of the said Municipality
to the said Debentures.
3rd. There shall be raised and levied in each year
the sum of one thousand nine hundred and forty-two dollars
and fifty-seven cents be special rate on all the rateable
property in the said Municipality said amount being a sum
sufficient to discharge the several instalments of principal
and interest accruing due on the said debt, as the same be-
comes respectively' payable according to the following Schedule
SCHEDULE
Number Year Debenture Interest Total
1 1895 $1,192.57 $750.00 $1,942.57
2 1896 1,252.20 690.37 1,942.57
3 1897 1,314.81 617.76 1,942.57
4 1898 1,380.55 562.02 1,942.57
5 1899 1,449.57 493.00 1,942.57
6 1900 1,522.05 420.52 1,942.57
7 1901 1,598.15 344.42 1, 942.57
8 1902 1,678.06 264.51 1,942.57
9 1903 1, 761. 97 180.60 1,942.57
10 1904 1,850.07 92.50 1,942.57
County Council Chamber
St. T)1omas
4th December 1894
K. W. McKay W. M. Ford
County Clerk Warden
(Cont'd)
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By-Law No 533 Page 3
SCHEDULE A
·RETURN as required by Chapter 186 of the Revised
Statutes of Ontario entitled an Act respecting the Registra-
tion of Municipal and other Debentures issued by the County
Council of the County of Elgin.
1. Title of Object of By-Law
To raise the sum of fifteen thousand dollars to
provide for the cost of erecting an iron bridge at the Vill-
age of Port Stanley and other bridges to be erected in the
County of Elgin during the year 1894, and to authorize the
issue of Debenture therefor.
2. Amount to be Raised
($15,000) Fifteen Thousand Dollars.
3. & 4. Number of Debentures. Amounts. Dates when payable
1 1,192.57 1st. January 1896
2 1,252.20 " 1897
3 1,314.81 " 1898
4 1,380.55 " 1899
5 1,449.57 " 1900
6 1,522.05 " 1901
7 1,598.15 " 1902
8 1,676.06 " 1903
9 1, 761. 97 " 1904
10 1, 761. 97 n 1905
6. Assessed value of the Real and Personal Estate of
the County of Elgin
Real Estate - - 13,696,660.
Personal Estate - 198,200.
Total - - - $13,894,860.
7. Amount of yearly rate in the $ to liquidate same
$1,942.57 to be raised yearly.
Dated at St. Thomas, this 4th day of December 1894
K. W. McKay
County Clerk
( C ont ' d)
By-Law No 533 Page 4
Read a first, second and third time 18th November 1894
Certified K. W. McKay County Clerk
I Certify that the within Instrument is duly Entered and
Registered in the Registry Office for the County of Elgin.
Book B for By-Laws at 2:30 o'clock p.m. of the 4 day of
Dec. A. D., 1894
A. D. McGregor
Numbers 194 & 194 s.
A copy of this By-Law was enclosed in the original with
some figures stroked out in pencil
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