2117
~> _._-- -~----
L..F..1O Rev. May Hjsa.
Onto
Municipal By-law for Current
Expenditures.
27691 PrInted In Ganada.
Municipality of. .Ç.!?!!:~."!?y....~~...~:!:~~.~..............
BY-LA W No....~JJ7......................................................... ..
,-..
WHEREAS the Council of the Corporation deems it necessary to borrow the sum of
...'J!:W.Q...Mi.Ui.Qt\~....E.i.gb.t...ff.írnr¡\~e.d....~h~m.ª.ª.Q~...::-...~...:::...:-:...:::...:::...::-...;!Ç;!ÇÖ...º&llars
to meet, until the taxes are collected, the current expenditures of the Corporation for the year;
AND WHEREASthetotäl amount of the estimated revenues of the Corporation as set
forth in the estima~es adopted for the year 19.~.., not including revenues derivable or deJived
from the sale of assets"borrowings or iSsuance of debentureS or from a sùrplus, including ar~pars.
~~n7T~¡ I':.~r:,:,':'d of taxes, is· ..f.9.WJ::... þ'¡jJJ..;i,.\,!ª.I.. ..11.w'!'!... .u~!,!-.ç!..r.~~...¡M!-.(l..~{º,.~~y':.. ~.~-ºM~ª.P.-.ç!..I....ª;!..~..... s
revenues for the , ,_,_ , ,
~f~~~~~~:t, I~h~~; ...~~~~~.~.~.~:~.~.~.:.~~.~~~;r...:::-...":7...:...:::....:....':..:::...::7...:..:~..::...~...:::...:-:...~?;';(~.~.~....dollars.
AND WHEREAS the total amount heretofore authorized to be borrowed this year for
~"~IE'o,ln'~~,~~; the purposes mentioned in subsection (1) of Section 329 of The Municipal Act is......l\ti.l..............
By-Iaw(s) passed
thl, year.
......................................,...................................................dollars, of which the Corporation has already
borrowed a total of............... ....... ....... .Nil.... ......... ...... ......... ....... ...... ......... ....... ................ ...... .......dollars.
THEREFORE the Council of The Corporation of the........C.~u.uty........................................
of.........................E:l.gin.............................................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 or
sums not exceeding in the aggregate.....'1::-w.º...M;i..l¡.:j,.9.v.~:...5;:¡,g;!:\t....J;I;"m~r..~.ç!....%!:\g.\J..ê'<M!9...
~...:-:...:::...:::...:-:...~...:::...:::...:-:...:::...:::...::-....~.:1Ç¡¡ø.\ijo"ars to meet, until the taxes are collected, the
current expenditures of the Corporation for the year, including the amounts required for the
purposes mentioned in subsection (1) of the said Section 329, 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:::..~...9!:o:o...~..per centum
per annum, which may be paid in advance or otherwise.
'''';
-
Passed this....................~~.ª ....day ª.:¡].:\êJ;'.Y............... .19...7..9
- - - -- - - - €:ff~~........\...
CORPORATE .d
S!'!\L ~ of 'h, Corporat;on.) .
~ "~"""'"''''''
'" ......
Clark.
I hereby certify that the foregoing is a trpecopy of By-I~ J.....2.U1......of The Corpora-
tion of the.......J;:,9..UXl:tV........................of...........E.J.g;!..!"),............................in the Province of Ontario,
duly passed at a meeting of the Council of the said Corporation duly held,' and that the said
By-law is in full force and effect
. ~ ., (
Dated th is......_...~.......2Ãncl.~..._..............._.........day_of _.....J§.¡X¡~ª;¡;y.. ~19..'7..Q.
. ,. ... .,
As witness the Seal of
the Corporation.
Clerk.
CORPORATE
SEAL
-
L
^,'
b
"j
.
'-
3. The Treasurer is hereby authorized and directed to apply in payment of all sums
borrowed pursuant to the authority of this By-law, as well as all other sums borrowed in this year
and any previous years, from the said Bank for any or all of the purposes mentioned in the said
Section 329, together with interest therèon, all of the moneys hereafter collected or received on
account or realized in respect of the taxes levied .for the current year and preceding years and all
of the moneys collected or received from any other source, ,which may lawfully be applied for such
- ~o
purpose. J 0...--<". A_V) .
-~.'-
..,....""..-.... ....."".' o<>.lu'DanK';"t"oraliyor:iiUo{'tho'purpos-es mentioned. i nthe
'$'iiiâ'$êáHOñ''329~ shàJÇ with ínterest thereon,be a charge upon the whole?f the revenuesoflhe
Corporation for the current year and for all preceding years,. as ,and when SUGh, revenues' are
received.