2192
k ~~'-;~(~----:~~.~¡,;~--.....--.,--~--- "
L.F..lORav. May 1960; ~'~.:~.'.----~ ~-'~^~'~
Ont.
Municipal By-law for Current
Expenditures.
27691 Printed in Canada.
Municipal ity of......9.9.~~'.!..,9.!.;, ,~~,~~,~............ ..........................
BY-LA W No.,..."~1~,~.......,,.............,........................ ,.........................
\' WHEREAS the Council of the Corporation deems it necessary to borrow the sum of
J~Ÿl!?....MtjJ,,;h9,n.....:r.ºM;r...,Rì+X1g;r.!'\!,g..J:h9,Y,§,é;mg...::....~....':'....::....::...::-,...::....::;¡¡;;o;l).,Q,Qollars
to meet, until the taxes are collected, the current expenditures of the Corporation for the year;
AND WHEREAS the totâl amount of the estimated revenues of the Corporation as set
forth in the estimates adopted for the year 19..7.)", not including revenues derivable or derived
from the sale of assets, borfQwings or issuance of debentufeSo(fforr\ a surplus, including arrears
'N~TE¡ In'~r aIm, of taxes, is...,'J:h;r::~,e..,MiJ.liº,!l,....F.R,U.¡;..,H1.1. ).ò.¡;,ed..,&..Xhir,t.y,::EQ1J.r".~hQJ.l.ß.~;nd...
Gun 0 as mae
revenues for the
currant year If ad- _ _ . .'t' _ .. l . I Q
0f\'~ II not, those .º¡ae..,HM ).ò.¡;!¡~d..,&..S,ey.ß, ).ty.....",..,,,....,,,..,,,....,,....,.,....,,,..,:,:....:':...::-....:':...::-...."...;¡QÇ; ,10.. ,,,dollars.
o a year.
AND WHEREAS the total amount heretofore authorized to be borrowed this year for
~"~iE:OI'"'~~'~o;;; the purposes mentioned in subs~ction (1) of Section 329 of The Municipal Act is......,Nil.............
By.law(8) passed '
tltlll year.
..........................................................................................dollars, of which the Corporation has already
borrowed a total of....,N:;J,J........ ......, ......, ........ ...... ,......' ......, , ............., ........ ......, ......, ........., ....,.. ......dollars.
THEREFORE the Council of The Corporation of the....C'O:uNTY...........................................
of..":ß,¡,.,wl)';!,......,......"......"......,......",....,,......,..,.........,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..'J:,w:9....MtU;i,Ç?,!J..,....f.9,ì+,r..,B);\nªr,(?,g..,~,h.'?).1.i¡J.ßn.<J...:::.
..::....':'....::....::..,::-....::....:::..,::....o:-....::-....::..,;¡¡;;¡¡;[l,Q,Q..,dollars 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....~..ß..,!......,per centum
per annum, which may be paid in advance or otherwise.
v
t
c
CORPORATE
SEAL
As witness the Seal of
the Corporation.
, "
Clerk.
Dated ~h is....,:.:....~....:.:,..,:,...,::....:_:....::...:.:...,:' ....:....::....:da~ of,.............., ......, ....." ........ ......, ..,19,
tion of the......,:.......................................,of..............,............,..........;........,......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.
1 ) ~. .
hereby certify that the foregoi ng is a
CORPORATE
SEAL
Passed this..........................;;.Q,!;..................,...............day of.....:T9r!:!!:1:~E.Y.............,::
\ ~~ - ~
tru'e copy of By-law No.....................of
The Corpora-
Clerk.
"
¡:
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 borrowéd 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 thereon, 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
pu rpose.
r'·""" , " '... , ,r'
-vÞJ f"':"-;-----'·,~.-"'A'--:"2~"--,;q¡¡-~8U""m-B borrowad·r'rom t:ha.·said.Bankþ f'or any or all of the purposes· meriti-;mød·in the
'," ':,.:':<:/ said Section 3291 shall, with interest thereons be a charge upon the whole of the revenues of the
,,-,' Corporation for the current year and for all preceding years, as and when such revenues are
,'I,f received.
;',,: