1671
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By-Law No 1671
'To Authorize the Warden and Treasurer to Borrow the Sum
of Five Hundred Thousand Dol1ars.1I
The Elgin County Council enacts:
THAT the Warden, and Treasurer, be, and are
hereby authorized to borrow the sum of Five Hundred
Thousand Dollars from the Bank of Montreal, as it may
be required to meet the expenditures of the Corporation
of the County of Elgin during the year, 1956, and to
give as security therefore notes of One Thousand Dollars
or multiples thereof.
READ a first time this 20th day of January, 1956.
READ a second time this 20th day of January, 1956.
READ a third time and finally passed this 20th day of
January, 1956.
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Clerk Warden
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Province of Ontario
City of St. Thomas
Other Municipalities
Other Sources
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County Rates
$50l,l87000
285,500.00
22,500.00
40,000.00
24.000.00
$873.l87.00
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ESTIMATED REVENUES 1956
MUnicipal ·By-Jaw ·for Current
Expenditures.
68116 Printed in Canada.
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1671
BY-LAW No...",........""...."" ""..,'.'"......',.", "",..,..,..'""....".",.",
A BY-LAW to authorize the borrowing of $...?.9.9".99.9..·..9.9...............,....,........,............
WH EREAS the Council of the Corporation deems it necessary to borrow the sum of
..f..tv. ~..~.h:m::!g,r~.ª... !?!'!:9,]!,,?''?:P.: 9:::-,::-,::-,::.':".::-, ::-,::-,:: ~ ::-,:::::::::::~ ::-.:;,,::-::: :::~::-, ::-,::::: :::::-, ::-,:;,,:::::::::::, dollars
to meet, until the taxes are collected, the current expenditures of the Corporation for the year;
AND WHEREAS the total amount of the estimated revenues of the Corporation as set
forth in the estimates adopted for the year 19....2.9, not including revenues derivable or derived
I 'N~TEr' I "','Jrl ~.; from arrears of taxes, borrowings and issues of debentures is *,$,ß7,3,.l,87.,.,O'O..............,............,
oun 0 es ma
I revenues for the & ei ht 58
~r~~IV~~\.I¡h~; ....J!),t,gh!?...h,\1-P.:.gr.~ß..,-ªD.i;t..ê.~,Y.?.D.!i.y,:;',t;.þ.r,?..?.,"'"t;,þ.Q,\1-,ê9J1g.~,...ºD.!?....þ.@gr.!?.çt.dollars~ y- V
i i o year.
AND WHEREAS the total amount heretofore authorized to be borrowed this year for
i 341
, NOTE' 'nserlam- th t d' b t (1) f S t æ9"' f Th M .. I At' jÞ.5.00 000 00
ounl of prevlou, e purposes men lone In su see Ion 0 ec ,on 0 e untClpa CIS, P. ......,...............
By-Law(s) passed
Ihl,year. F' h d d h d
....¿,y.~.......'3?...!.:~......!:.. :?~.~.'?:?...::-.::-.::::::::::-.:-:,:-:,:::::::-..dollars, of which the Corporation has already
borrowed a total of..,..... .......,...... ...... ........', ,..",...."" ......".",.."...,..",'.,.,.......". ..,..",...."".....,'......., ,dollars.
TH EREFORE the Council of the Corporation of the..........9.,()~1?-,ij,y........................,....,....
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I,' of ......~Jg;j..g......,......................................................,...hereby enacts as follows:
1, The Head and the Treasurer are hereby authorized on behalf of the Corporation to
borrow from time to time, by way of promissory note, from the Bank of Montreal, a sum Of
sums not exceeding in the aggregate..,..º;f....f..:j"y..?...H.W:tgr.~,çt.,..r.h,9.)J.ê,ªn9,::-.:;',:;',::,:::::::-,::-,::',:;'.::.
..::-.:-::::.:::::::-.::.:::::,::::-.::.::,::-,"::.::::-,::-.:::::.::,::::-,::'.::',::,dollars to meet, until the taxes are collected, the
cùrrerlt expenditures of the Corporation for the year, including the amounts required for the
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purposes mentioned in subsection (1) of the said Section~, and to give, on behalf of the Cor-
poration, to the Bank a promissory note or notes, sealed with the corporate seal and signed by
them for the moneys so borrowed with interest at a rate not exceeding.........4ì per centum
per annum, which may be paid in advance or otherwise.
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