82-56
Prod. 2202407·Form. L.F.10 Onto (9/80) Litho. CANADA
33503
/.
(2) All sums borrowed
332, shall, with interest thereon
year and for all preceding years,
from the said Bank, for any or all of the purposes mentioned in the said Section
, be a charge upon the whole of the revenues of the Corporation for the current
as and when such revenues are received
dollars
year, including the
332,0 give, on behalf of
sealed with the corporate seal and signed by them for
rate not exceeding PRIME per centum per annum, which may be
the moneys so borrowed with interest
paid in advance or otherwise.
MIl
to until the ....nw ~.
amounts required for the purposes
the Corporation, to the Bank a promissory note or notes,
at a
THREE
meet,
.....u....... .....e collected, the current expenditures of
mentioned in subsection
the Corporation
of the said Section
for the
and
FIVE
~r Deputy Treasurer
The Head and the Treasurer are hereëy autnorized on behalf of the Corporation to borrow from time
to time, by way of promissory note, from the Bank of Montreal, a sum or sums not exceeding in the aggregate
HUNDRED THOUSAND ---------- XX/lOO
AND WHEREAS the amount to be borrowed under this by law and the amounts of borrowings that have
not been repaid does not in the aggregate exceed 70% of the uncollected balance of the estimated revenues of
the Corporation as set out above.
IS
AND WHEREAS the amount of the JlSljro11!J!! {f¡elÐ!lI!!S::o:kd!iIKßoI:pœacj JbII»StìJmI:MiK
JIdoJI!I[dåHJX~XI'1IIKdmoK\!eMJOIIi!!mI~1K1:I\I1KSÐKM1I:IHI.II:XO{¥IK_K_ m!i$:«>K~
estimated revenues of the Corporation as set forth in the estimates adopted in the next preceeding year)
NINE MILLION, TWO HUNDRED AND FORTY-ONE THOUSAND"
H D E XX/IDO dollars
dollars.
have not been repaid is
NIL
AND WHEREAS the total of amounts previously borrowed under Section 332 of the Municipal Act that
to meet, until the taxes are collected, the current expenditures of. the Corporation for the year
THREE MILL LON
FIVE HUNDRED~HOUSAND ---------- xx/IOO
dollars
WHEREAS the Council of
th~ Corporation deems
it necessary to borrow the sum of
.
_········LJc;rI.11" '-'I
vnJI
BV..LAW No.
<
Municipality of
=~.
82-56
ELGIN
t:xpenc'tures
Á~.æCkl4,d.J
I,
'I
,of?' ;ftf
rr:;1C-;-
the Corporation
Clerk.
As witness the Seal of
Dated this
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
and effect.
day of
19
hereby certify that the foregoing is a true copy of By-law No
of The Corporation
(~, /þ(' ""'
''''''. .' -' _\;1')
Cj'1~9~~/)- r ,::.-Ld>l/l
(The Head of the Corporation)
-/~~
Clerk.
WARDEN
Passed this
The Treasurer ;s hereby authorized and directed to apply in
to the authority of thís'By-law, as well as all other sums borrowed in this year and any previous yeé om the said
Bank for any or all of the purposes mentioned in the said Section 332, together with interest th n, all of the
moneys hereafter collected or received on account or realized in respect of the taxes levied for .II~ "
and preceding years and all of the moneys collected or received from any other source, which may
applied for such purpose.
9th
day of
DECEMBER
9
...'--~ ",;urrent year
lawfully be
82