2439
'I' Munioip41 By-law for Currant
'1/
// Expenditures,
27691 PrInted In Canada.
, .IJ::.GJ!L
M unlóipality of.
BY-lAW NQ..... 2439
.......,...........
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WHEREAS the Council of the Corporation de'ems it necessary to borrow the sum of
TIY.Q. )YI,:¡;¡:,Ü.QJ9:" ...nY.1;:...knU.J:P.R¡;;.D....¡:!iQ.ìJ.$i.\1~p....~.:::::::..::'.;.::,'::.::.':". ::'.Q.Q./.J.Q.Q............dollars
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to meet, untll"the taxes are collected, the current expenditures of the Corporation forthe year;
I .. ,
AND WHEREAS thè total ari1bUhtóf the estimatèd revenues of the Corporation as set
' .
forth in the estimates adopted for the year 19.7..6.., not including revenues derivable or derived
from the sale of assets,: borrowings or iSguance:of debentures orfr,om a surplus; including arrears
'N~TE¡ l':1r~m.; of taxès, Is~...f.¡ý.E....)Y'¡¡LL¡.O.N~....QNK..H.uNDRED....&..1"NQ...T.U.O.uSj1ND.ì....SE.YE.N............
~ ,0 ~e, '. .
revenues for· the
current year-If ad.', , ). " .." , . . '/ "" .
o led If not those . j.' ___'_____________________________
fl ¡¡ . ~UJ.!'lDXdW...&...TW.O.................................................................................................0.0. .1D.D........dollars.
o a year.
AND WHEREAS the total amount heretofore authorized to be borrowed this year for
NO'[E' ,In"'. rm. the purposes mentioned In subsection (1) of Section 329 of The Municipal Act is........!'!.~.~............
aun . 0 prey OUS ,
BY-Iaw(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.............ç.Q.Wn::X..................................
of................1':.J::9.J.!'!:......................................................hereby enacts as follows:
or Deputy Treasurer
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
. . TWO MILLION FIVE HUNDRED THOUSAND
sums not exceeding In the aggregate....................................~.....................................................................
------...----..---.:...--00/100 d II t t fI th 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..::...~.~...:t:......per cehtum
per annum, which may be paid in advance or otherwise.
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CORPORATE
SEAL
As witness the Seal of
the Corporation.
Clerk.
Dated th is.........:...~..:....................... ............... ...... ........day of............. ........ ...... ........ ......... ....19.....
tion of the....... .of........................~...................... in the Province pf 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.
hereby certify that the foregoing isa twe copy of By-law No................"...of
CORPORATE
SEAL
The Corpora-
Clerk.
Passed
3. The Treasurer is hereby authorized and directed to applyirl payment of all sums
borrowed pursuant to the authority of this By-law, as well as all other sums borrowed 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.
received
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