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2398 Ont.. Municipál BY-laW for CUrrent Expenditures. 27691 PrInted In Canada. Munícfpafíty or........... ELGIN ;..... .................. ...................,............. BY-LAW No...................~;?~.ª......... .... ............................. WHEREAS the Council of the Corporation deemÅ¡.it necessary to borrow the sum of .?::~!.9....1:4J);¡1J.QÞ.J.,....fJ.Y.¡;;....:w.WD.RE.P....::¡::B:ºv..ªf.Um::'....::...:::..:::..::..::-....~....º.º.I.Jº.º......dollars to meet, until the tàxåS are collected, the current expenditures of the Corporation for the year; " AND Wf-iI:JíËA$ the total amount of the estimated revenues of the Corporation as set fortH íh the estimates adopted for the year 197.§..., not including revenues derivable or derived from the sale of assets, borrowihgs or issuance of debentures.or from a surplus, including arrears 'N~TE¡ In'.1r ·t. of taxes, is·....~:ºl-!¡:L~\;¡;.~.J;;J.Q!'!.,....Þ.J.J.NE...ì::!)J.Þ.J.P.R.EP....&....UJ.¡;:¡¡¡:.~X.::'fJ.Y.)¡:....'b'.HQ1J.¡?,N.JP.&.... ounoemae revenues for the mi~;~c.v.~t. I\h~~; ..1:~!:9... kWNP.RJ;;D... .&...£ QQ,R'rEEN... ::'....:: ....",.. .::... .",...",... .",....",...",... .::.. ..::....",. ..Q.Q.J.lO.O.....dollars. AND WHEREAS the total amount heretofore authorized to be borrowed this year for ~u~IE:nl'"'~~~v~'::; the purposes mentioned in subsection (1) of Section 329 of The Municipal Act is..........J:UL........ By..law(s) passed, . this year. ,..........................................................................................dollars of which the Corporation has already NIL borrowed a total of............. ........ ....... ............... .............. .......... .......... ............ ........ ........................ ...dollars. THEREFORE the Council of The Corporation of the........ºQ.Q!!.TI........................................ Of.............~~~.~.I:!.........................................................hereby enacts as follows: or Deputy Treasurer 1. The Head and the TreasureJ 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 . . TWO MILLION, FIVE HUNDRED THOUSAND sums not exceeding In the aggregate.......................................................................................................... - - - - - - - - - - 00/100 d II t t nth tilt d th .................................................................................... 0 ars 0 mee , un I e axes are co ec e, e 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..::-.+.!:!....::-.........per centum per annum, which may be paid in advance or otherwise. j v '"', '1 .I....'t;.~""',.,'~";'c;-'\,,/ . ~? ~7~ ;) , CORPORATE SEAL As witness the Seal of the Corporation. Clerk. this........~....::....::....::.........:.:.....:...:.:...::.. ..:.........d!'-y of............................. ........ ........ ...19. Dated 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 a~ç1 effect. hereby certify CORPORATE SEAL that the 76 NUARY 19........ fJA ............~............... day- 0................... ".lê' ; ........................................ . . í! . t! this...............'fI. ...... '.-'.4.. A..... ... ............. ~ . ~·H·..·hd O·fth~·ëorporation.) T,¡l rden .....á!!1.,;;;, qh... ~ ,,-/, fl ~..... ¿:r¿n..4 (1{....d.~~..... Clerk. ,................... V' foregoing is a true copy of By-law NO.....................of The Corpora- r Passed 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 sµms borrowed in this year and any previous years, from the said Bank for any or all,öf 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 purpose. ·.··:-·....,..··~....."'··CO,I...