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2382 ~:-2:-:C:.=,=: .~, "-.-~. - ~"..,,~._,¥~- .-.-. --~- ~-.,,-_-.=~""_'.;:t=o=, ~- .- ---'0 .--_.. 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