2264
L''''
¡t.".__
~~~:
'..··i.·,.....',.............."
''-"'''''-'''''o2J"",~"""",.,-,
H.
third time and finally passed this 19th day
of September 1973
L. Johnson
Clerk
L
",,,,,,,.=',,,",,,,,
READ a
READ a
1. The Head and the Treasurer or Deputy
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 Two
Million, Three Hundred Thousand dollars to meet,
until the taxes are collected, the current ex-
penditures of the Corporation for the year, inclu-
ding the amounts required for the purposes mentioned
in subsection (1) of the said Section 329, and to
give, on behalf of the Corporation, 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" 10 per centum
per annum, which may be paid in advance or otherwise.
second
READ a first time this 19th day of
time this 19th
day of September,
September,
1973
1973
TIMT By-Law No. 2241 be amended by deleting Clause
(1) as amended by By-Law No. 2257 and the following
be substituted therefore
NOW THEREFORE the Council of the Corporation of
County of Elgin enacts as follows;
AND WHEREAS interest
passing of By-Law No.
rates
2241
the
have
WHEm~AS Clause (1) of By-Law No. 2241 authorizes an
interest rate not êxceeding 8 per cent per annum on
moneys borrowed from the Bank of Montreal
increased
since the
FROM
THE
BANK
OF MONTREAL"
"BEING A BY-LAW TO
-~-_._-
INCli'EASING THE
INTEREST RATE
PAID ON MONEYS BORROWED
AMEND BY-LAW
No.
2241,
THEREBY
r''''''
By-Law No
COUNTY OF
2264
ELGIN