2382
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H.
Clerk
4
A
H
Liebner,
Warden
READ a first time this December, 1975.
READ a second time this of December, 1975
fèEAD a third time and finally passed this 17th day
17th day
J,7th dà~,: of
.
of December,
1975
.
7.
January,
This
1976.
by-law
5. Where payment of any instalm~nt is made from the 15th to
the 20th inclusive of the month in which it is due it shall be
considered to have been paid on the due date and no discount shall
be allowed,. nor will the County deposit the money until the 20th
of the month.
6. mlen, in any year, the 20th of July or December falls on
a Saturday, Sunday or statutory holiday the due date sha.ll be the
first working day following the 20th of the said month.
shall
become effective on the 1st day of
4. That, where any instalment or portion thereof is pa.id
before the 15th of the month in which it is due the county shall
allow to the municipality a discount thereon from the date of pay-
ment to the date upon which payment is due at the minimum lending
rate of the majority of chartered banks on the date of payment
3. That in the ca.se of non-payment of any instalment or
any portion thereof on the due dates, the municipality so in
default shall pay to the county interest thereon from the day
of default to the date that payment is made at the minimum lending
rate of the majority of chartered banks on the day of default.
2. That in each year, the due date of the First instalment
shall be the 20th day of July a.nd the due date of the Second
instalment shall be the 20th day of December.
l.
Local
equal
That the amount of County Rate to be provided by each
Municipali ty in the County of Elgin shall be pa.id in two
instalment s.
NüV{ THEREFORE the Council of the Corporation of the
County of Elgin enacts as follows
AND WI-!El~EAS a. majority of the Local Municipalities in
the County of Elgin representing more than two-thirds of the
equalized assessment in the County have agreed to having their
portion of the annual County Rate made payable in two instalments.
AND WHEREAS the Council of the Corporation of the County
of Elgin deems it advisable to have the annual County Rate paid
in two instalments
"The Council of a county may, by agreement with a
majority of the municipalities representing at least two-thirds
of the equalized assessment in the county, provide by by-law for
any number of instalments and the amounts and due dates thereof
other than those provided in Subsection 11."
Act
WHEREAS
provides
Section 507,
of the Municipal
Subsection 12
'NO
INSTALlVLENTS BY EACH LOCAL
MUNICIl'ALITY
IN
TI-!E COUNTY OF ELGIN
"
"BEING A BY-LAW
.;',B;'~~":'-_~~
.,.';t~'<'
--
TO
COUNTY OF ELGIN
By-Law No. 2382
PROVIDE THAT
.';"'~~
THE
ANNUAL COUNTY
RATE
BE
PAID IN