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80-35 3. That in the case of non-payment of any instalment or any por- tion 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. The rate of interest shall be the minimum lending rate or rates cbarged by the majority of chartered banks, during the period of default 2. When, in any year Sunday or statutory holiday day following that date , , the due date above falls on a Saturday, the due date shall be the first working September 30th December 15th 25% 25% of current levy of current levy June March 30th 31st 25% of prior year's levy 50% of current levy less March instalment 1. That the amount of County Rate to be provided by each Local Municipality in the County of Elgin shall be paid as follows NOW THEREFORE the Municipal Council of the Corporation of the County of Elgin enacts as follows: WHEREAS 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 tbeir portion of the annual County Rate made payable in four instalments WHEREAS the Municipal Council of the Corporation of the County of Elgin deems it advisable to have the annual County Rate paid in four instalments and 25 per cent of such current amount before the 15th day of December."; on or and 4 25 per cent of such current amount on or before the 30th day of September 3 50 per cent of the amount required for county purposes in the current year, less the amount of the instalment paid under paragraph 1, on or before the 30th day of June 2 25 per cent of the amount required for county purposes in the prior year, on or before the 31st day of March 1 '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 that the amount required to be provided by each municipality according to the by-law passed under subsection 4 or 7 shall be paid to the county in the following instal- ments provides WHEREAS Section . 507 Subsection 11 of the Municipal Act INSTALMENTS BY EACH LOCAL MûNICIPALITY BEING A BY~LAWTOPROVIDE THAT THE ANNUAL COUNTY RATE BE PAID IN THE COUNTY OF ELGIN " IN FOUR rtW By-Law No COUNTY OF ELGIN 80-35 F'" '.' / 2 4 This by-law shall become effective on the 1st day of January, 1981- 5. That By-Laws No. 2382 and 2542 be and the same are hereby repealed. READ a first time this 18th day of June, 1980. READ a second time this 18th day of June, 1980. READ a third time and finally passed this 18th day of June, 1980 ~ ~ R. ~f:7LA..< , I G C. Leverton, L A. Longhurst, Clerk. Warden j .J