858
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BY ... LAW NO. 858.
To J~ise the Sum o~ Twelve Thousand Dollars to Provide for
the Cost of Bridges to be Erected During the Year 1915, and
to Authorize the Issuing of Debentures Therefor,
Passed 1st. June 1915
V¡:¡TEREAS it ,Is neoessary to raise the sum of' Twelve Thousand
Dollars, f'qr the purpose Ib~ providing for the cost of bridges
to be erected in the Oounty of'E1gin during the year- 1915 and
in order thereto, it will be necessary to issue debentures of
the Munioipalityof the Oounty of Elgin for the sum of twelve
'l'housand Dollar¡¡, payable a¡¡ hereinaf'ter provided;
AN!) WHEREASI it will be requisite to raise th6 sum of One
Thousand J;1'ive Hundred and Ninety-two Dollars and One Oent
eaoh year, respeotively;
ANDW1!J~lìJJAS the amount of the whôle rateable pr'operty of' the
Municipality according to the last Revised and Equalizes
Assessment Rolls of the local Municipalities cqmprising.th6
Oounty of El~in amounts to Twenty-'l'hree Millions, Two Hundred
and Eighty-eight Thousand, 'Three Hundred Q.nd 11'.ift.e6n Dollars
(~'23,288, 315. 00);
AND vnIEREAS the existing debenture debt of the County of ElgiJ
is Thirty-five Thousand, Q.nd Five Doll~r8 and Sixty..five O.ent:
and noaJJ1'punt of ths]Jrihcipal sum Or' interest is .in arreQ,r's;
,.
THEREFORE the Municipal Oouncil of the CorpoRation of the Oou:
of Elgin .enaots as f'o11ows:
(10 Tt shall b.e lawful f'or the Warden of the said County
of' Elgin for t.he purpose Q.f'oresaid, to borrow tl1e sum of' Twel
ThouSand DollQ.rs, Q.nd to issue debentures of said. MunicÙ'Jalit
to th.e amount of' Twelve "Thousand Dollars, in sums not less th
One Hundred Dollars each, payable on the first dQ.Y of July in
~:t:ùL--¿
Oounty 01erk.
aúy ~,,~t/
Warden.
Oounty Oouncil0hamber,
St.
Thomas,
1st June,
1916.
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1916
InrI
1918
1919
1920
1921
1922
1923
1924
1925
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$ 932.01
983.. 27
1037.35
1094.41
1154.60
nns.ll
1285.10
1355.78
14~50.36
1509.02
~ì12ÔOO. 00
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$
$
660.00
608.74
554.66
497.60
437.41
37:).90
30th 91
236.23
161.66
82.99
-
3920.10
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$
-
$ 15920
.10
1592.01
1592.01
1592.01
1592.01
1692.01
1592.01
1592.01."
l!592.01P:\~
1592.01'"'"
1592.01
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Principal
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Interest
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Total
No.
Yeår.
SOHEDULE.
following schedule
:.
.
debt.
as the same b.ecome röapectively payable,
according
to tJ
.installments of principal
&1d interest accruing due on
the sa:
1cipali ty,
said amount
being sufficient to discharge the seve:
Oent by
special rate on all rateable property in
the sald mun·
of One ThOUS1:1.1"ld.
(3 )
There shall be raised and
!1'ive Hundred and
Ninety..two Dollars
levied
in each year the S'
and One
.
said municipality
to the said debentures.
is
hereby authorized and instructed to attach
the seal of the
of the said municipality,
and the Olerk of the said munioipal
þ..
interest coupons attached thereto,
to be signed by the
Treasu
hereby authorized to be issued,
sign and
to
and
cause
the same and the
and hais hereby authoriZed
(2
It shall be lawful for the
to
issue
Warden of the áaid munic
the debentures
)
sohedule hereinafter contained.
debenturest
in the manner and for the amounts set forth in th'
,
;j'jì"',~
during
eaoh year with interest at five and one-half per cent per anru
the period of' ten years f'rom the date of
issuing
of thl
cøS!l:qJlc . 2f;;¿:;/¿ Ç;;d: ¿; ,
v. ;t.(f¡~{//,¿ ~t :r¿/ '?ó JCC- o;u/[,)'/
~ $;0 ¡; qz wf!c:/~ ""
SUCCEEDING ; UY,ØJ .(M't?t/,_,JM2Y;,C¡Y ';}ana_..,,;
9f I::~ ø' cø; '}!t Yt:d!lf Z q;:
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ST. THOMAS, March 19th,J..9l5.
ONTARIO.
K. W. McKay, :1!bqr.,
Clerk County of Elgin,
Court House,
.. City.
Dear Sir,- . RLN:.ia.YL -ª5'Ji
Refs't'X'ing to your lett61' of the 8th of February and
the !10PY of the By-law whi!1Ì1. you en'31osed. therewith.
In my ·opinion it 19 not noce3sary to publish
the By-law (see Section 290-9uo-geo 2~ whi~~ only seema
to require publioation of the day aJ):pointed for the meeting
called to consider the By-law).
I 6MloS8 herewith what ih my jud.gment i3
a suffioient notice under the seotion refe't'X'ed to. Iam
dispo'!ed to think Section 29:6 would a);}þly to this By-law
as it iato all !1ontents and PU!'P013eS a money By-law.
While you have not requested me to r6vise
the By-law I would 1Tenture to suggest t.hat the third' clause
be struck out and the following inaer'bed,
II And Whereas the amount of the whole rateable IJ'r'operty of
the MunirJipal1ty aC!1or<liJig to the lW3t Re1Tiaed and Equalized
Aaaes~~~~13 of the Looal }IDlnioipality comprising the
Count ,;Elgin amounts to $23,288,315." See Section 283-(b).
SUCCEEDJNG
!if: ¿-£ . Cf}
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~,t;¡''1'hd;~~¥-<tt- J[!ít.4t.
K. W .__MCJ\.!OC.. }&.~t:..._..._~
..','.,
paragral
II .And. nc
See Sect
gent me.
ST. THOMAS. March
ONTARIO.
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Elgin.