1829
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....f..,Æ..~?K.KÞ.~?1¿..,...
(-.- Clerk.
on the
By-law Number
day of
19
a true copy of Construction
passed by the said Council
of
Corporation of the
19
and
of
that the paper-writing hereto annexed is
certify that the foregoing
(Mayor or Reeve as
may be,)
the case
d:y?ZrCh,
..~~
t ,¡) ~
......f"··..'..,..~
is a true copy of a By-law passed by the Counci
on the
day
of the Municipal
.....................
1varden.
I~..,....
Clerk.
Passed by the said
BE by
1. The Head and Treasurer of the Corporation are hereby authorized to obtain from the
Bank of Montreal temporary advances at a rate or rates not exceeding--5%------per cent per
annum represented by a promissory note or promissory notes or by way of overdraft or otherwise
not exceeding Six Hundred and Fifty Thousand 1)ollars------------
rtollal\8Xl:o meet the cost of the said works pending the completion thereof,
2, A promissory note or notes or other vouchers, sealed with the Corporate Seal and signed
on behalf of the Corporation by the Head and Treasurer thereof, for the advances from time to
time obtained under the authority hereof and interest thereon, may be given to the said Bank
providing for the repayment of or representing the said advances with interest thereon as afore-
said,
3, The Treasurer of the Corporation is hereby authorized and directed to apply first in
payment of such advances with interest thereon as aforesaid all moneys borrowed on the credit
of the Corporation to repay such advances and to defray the cost of the said works and all moneys
from other sources properly applicable to the cost of the said works,
Council
this
20th
1
963
cost
T THEREFORE :ENACTED
AND WHEREAS it is desirable to agree with a bank for temporary ,advances
of the said works pending the completion thereof.
the said Council
as follows
the estimated cost of which works
JP=III~illlXœxmbd1e1Œll:(X
to
meet the
is
::PlfSs!Jd(!&onstrNotion:::61ì"bw<:N1IIm:IiIoox: :x:mtbommg:iI1~smroN=1!If
Jti~~ !{~~~b'éö'M¡¡¡:äi!{à€lôlfàtjM:íjiiài~&'Iiit<ã'ùtJlijN'!à!'Jpfu'(¡IS¡bM~MJ<tfl¡¡¡I!tð"ÐItD>~MiffiiM
JJ!œt¡:
$
650
,
000
.
00
::!)~8J<Of~xb¥XImv::>a1!I¡;t:¡¡P'<-
A BY-LAW authorizing the obtaining of temporary advances to meet the cost of mttaj4:1><
. W:öej~¡B¡ji~~OOKèOOf~IJ¡¡rªHOOi~}Woo:!ending the completion thereof,
of a County Home for the Aged '~.ð.;J,
WHEREAS, with the approval in writing' of thefÓ'ntario the
Council of the Corporation of the County
of
Elgin
Municipal
Board,
has
Municipal
constructic
BY-LAW No,
ib\':¡\~~.~""",,,.,i";"'_';'- "",_;,:~',:",,'ê''':''''' , ;+,~~--.,..,:~...,....
f~L'¡iP'~'U '"RÐV.M.~h '9t:Uf~ ",,', " '
ONT.
Municipal By~Law for: Temporary Advances
under .to:N«tmlx'footCNtt.t,eoo-. Homes for the
77395 Printed In Ca.nada
1829
Aged Act
,
¡JJ
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.- .-. .- "
"_~~'"='=='==~==-='''.o.=--. ~----=
",.'-~"_.,.-._.-.,.__.'-"~
-----
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,
68.-No by-law shall be passed by a municipality for any of the purposes
section 67 until the approval of the Board has first been obtained,
mentioned in
(3) Notwithstanding the provisions of section 1, the word "municipality"
and in section 68 includes a public school board in an unorganized township or
territory, and..includes only a local board that may apply to the council that moneys necessary
for any purpose ,mentioned in this section be provided by the issue of debentures of the cor-
poration of the municipality.
n this section
n unsurveyed
Approval of
by-laws.
Interpretation
of "munici:"
paUty" In
55.67 and 68.
(2) This section shall apply to the guarantee by a municipality of the debentures, bonds
orothefsecu'rities' of 'any other mYl1icipallty or i¡f any other pérsonor corporation whatsoever,
or of payment of the 'whole or any part of the sinking fund, or principal of or, interest,on any suc!)
debentures, bonds or other securities, and no guarantee thereof shall be madè'ôr erít~¡:èdinto;
or by-law in that behalf be passed, by any municipality under the provisions of any general or
special Act, or of any agreement entered into, pursuant thereto, or by-law passed thereunder,
until the approval of the Board has first been obtained,
Application of
sectIon to
munic'ipal
guarantees.
unti
(d) rais,ed
(e)prÒ'iided by
theâppro"åJòftheBoard has first been obtainèd,
the
issue of debenture~,
n a subsequent year
(c) provide any moneys for,
any undertaking, work, project, scheme, act,
of which is to be,
or
years
matter or thing, the cost or
or
any portion of the cost
(b)
exercise any of its powers to proceed with
or
Socf. 67-68 of
Ohap. 262
R.S.O. 1950. not1
(a)
authorize; or
Where approval
of Board
required for
undertaking,
etc.
67-(1)
.---.-.,.,"~
Notwithstanding
EXTRApTS FROM THE MUNICIPAL ACT R.$,O.
~~"-,---,---
the provisions of any general or special Act,
1950
a municipality shal