769
COUNTY OF ELGIN
By-Law No. 769
"TO RAISE 'rHE SUM OF TEN THOUSAND DOLLARS TO PROVIDE FOR THE
COST OF BRIDGES TO BE ERECTED DURING 'rHE YEAR 1910, AND TO
AUTHORIZE THE ISSUING OF DEBENTURES THEREFOR".
Passed 15th November 1910.
WHEREAS it is necessary to raise the sum of ten thou-
sand dollars for the purpose of providing for the cost of bridges
to be erected in the County of Elgin during the year 1910. And
in order thereto it will be necessary to issue Debentures of
the Municipality of the County of Elgin for the sum of ten thou-
sand dollars payable as hereinafter provided.
AND WHEREAS it will be requisite to raise the sum
of one thousand two hundred and sixty-three dollars and
seventy-nine cents each year respectively.
AND WHEREAS the amount of the whole rateable pro-
perty of the Municipality according to the last revised Assess-
ment 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 sixty-five thousand and eighty-three
dollars and sixty-one cents.
THEREFORE the Municipal Counöil 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 ten thousand dollars and to issue Debentures of said Muni-
cipality to the amount of ten 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 four and one half
per cent 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 hereinafter 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
the same and the interest coupons attached thereto to be signed
(Cont'd)
.
By-Law No 769 Page 2
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 one thousand two hundred and sixty-three dollars
and seventy-nine cents by special rate on all rateable pro-
perty in the said Munièipality.
Said amount being sufficient to discharge the sev-
eral installments of principal and interest accruing due on
the said debt, as the same become respectively payable, ac-
cording to the following Schedule.
SCHEDULE
No. Year Principal Interest Total
1 1911 $ 813.79 $ 450.00 $ 1,263.79
2 1912 850.41 413.38 1,263..79
3 1913 888.67 375.12 1,263.79
4 1914 928.66 335.13 1.263.79
5 1915 970.45 293.34 1.263.79
6 1916 1,014.13 249.66 1,263.79
7 1917 1,059.77 201].,02 1,263.79
8 1918 1.107.46 156.33 1,263.79
9 1919 1,157.29 106.50 1,263.79
10 1920 1,209.37 54.42 1,263.79
$10,000.00 $2.637.90 $12,637.90
Council Chamber
St. Thomas
, ,", - - " ,", () :':) ~:'. . ',i:
K. W. McKay Donald McLean
County Clerk Warden
Passed 15th November 1910
I hereby certify this to be a duplicate original
of By-Law No. 769. K. W. McKay - County Clerk
(Cont I d)
By-Law No. 769 Page 3
(Duplicate)
I Certify that the within Instrument is duly
Entered and Registered in the Registry Office for the
County of Elgin in Book C for By-Law at 11:25 o'clock
a.m. of the 26th day of November A.D. 1910.
Number 338 Registrar
Fee $2.00 C Coyne Dy.
Cert on duplicate) 50¢
& Comparing)
( C ont · d)
4
Page
769
By-Law No.
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