754
COUNTY OF ELGIN
By-Law No. 7.54
"TO RAISE THE SUM OF TWENTY THOUSAND DOLLARS TO PROVIDE
FOR THE COST OF BRIDGES AND REGISTRY OFFICE TO BE ERECTED
IN THE COUNTY OF ELGIN DURING THE YEAR 1909, AND TO AUTH-
ORIZE THE ISSUING OF DEBENTURES THEREFOR".
Passed 20th November 1909
WHEREAS it is necessary to raise the sum of
twenty thousand dollars for the purpose of providing fOJr
the cost of bridges and Registry Office to be erected in
the County of Elgin during the year 1909, and in order
thereto it will be necessary to issue debentures for the
municipalities of the County of Elgin, for the sum of
twenty thousand dollars payable as hereinafter provided.
AND WHEREAS it will be requisite to raise the sum
of two thousand and five hundred and ninety dollars and nine
cents each year respectively.
AND WHEREAS the amount of the whole rateable
property of the municipality, according to the last re-
vised Assessment Rolls of the said Municipality amounts
to twenty million, four hundred and ninety-five thousand
and six hundred and four dollars.
AND WHEREAS the existing debenture debt of the
County of Elgin is $ .53,.581.23.
Therefor the Municipal Council of the Corporation
of the County of Elgin enacts as follows:-
1. It shall be lawful for the Warden of the said
County of Elgin, for the purpose aforesaid to borrow the
sum of twenty thousand dollars and to issue debentures of
said Municipality to the amount of twenty thousand dollars
in sums of not less than one hundred dollars each, payable
on the first day of December in each year with interest at
I~ the rate per centum per annum during the period of ten
years from the date of issuing of the debentures in the
manner and for the amounts set forth in the schedule here-
inafter contained.
2. It shall be lawful for the Warden of the said
Municipality and he is hereby authorized to sign and issue
the debentures hereby authorized to be issued, and to cause
(Cont'd)
By-Law No 754 Page 2
the same and 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.
3. There shall be raised and levied in each year
the sum of two thousand, five hundred and ninety dollars
and nine cents by special rate on all rateable property in
the said Municipality said amount being sufficient to dis-
charge the several installments of principal and interest
accruing due on the said debt, as the same become respec-
tivcly payable according to the following schedule:-
S C H E D U L E .
No. Year Debenture Interest Total
1- 1910 1590.09 1000.00 2590.09
2. 1911 1669.60 920.49 2590.09
3· 1912 1753·08 837.01 2590.09
4. 1913 1840.73 749.37 2590.09
5. 1914 1982.77 657.32 2590.09
6. 1915 2029.40 560.69 2590.09
7. 1916 2130.87 459.22 2590.09
8. 1917 2237.41 352.67 2590.09
9. 1918 2349.29 240.80 2590.09
10. 1919 2466.75 133.34 2590.09
Council Chambers
St. Thomas
16th November 1909
K. W. McKay John R. Summers
County Clerk Warden
(Cont'd)
By-Law No 754 Page J
Read a first and second time 4th June 1909
Read a third time and finally passed 16th November 1909
Passed 20th November 1909.
Certified K. W. McKay County Clerk
11A"
This is exhibit "A" referred
to in the affidavit of Kenneth
W. McKay sworn before me this
21st day of December 1909
A,Còmmissioner & c