89-55
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COUNTY OF ELGIN
By-Law No. 89-55
"BEING A BY-LAW TO PROVIDE THAT THE ANNUAL COUNTY RATE BE PAID IN
FOUR INSTALMENTS BY EACH LOCAL MUNICIPALITY IN THE COUNTY OF ELGIN."
WHEREAS Section 365, Subsection 13 of The Municipal Act
provides:
"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 6 or 9 shall be paid to the
county in the following instalments -
1. 25 percent of the amount required for county purposes in the
prior year, on or before the 31st day of March.
2. 50 percent 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.
3. 25 percent of such current amount on or before the 30th day
of September.
4. 25 percent of such current amount on or before the 15th day
of December."; and
WHEREAS the Municipal Council of the Corporation of the
County of Elgin has deemed it advisable to have the annual County
Rate paid in four instalments; and
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 previously agreed to having their
portion of the annual County Rate made payable in four instalments.
NOW THEREFORE the Municipal Council of the Corporation of
the County of Elgin enacts as follows:
1. That the amount of County Rate to be provided by each
Local Municipality in the County of Elgin shall be paid as follows:
March 31st 25% of prior year's levy
June 30th 50% of current levy less March instalment
September 30th 25% of current levy
December 15th 25% of current levy.
2. When, in any year, the due date above falls on a Saturday,
Sunday or statutory holiday, it shall become due at Noon Hour on the
last banking day prior to that date.
3. That in the case 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 or
the date that payment is made. The rate of interest shall be the
minimum lending rate or rates charged by the majority of chartered
banks, during the period of default.
4. This by-law shall become effective on the 1st day of
January 1990
,
5 That By-Law No 80-35 be anq the same is hereby repealed
READ a first time this 25th day of October, 1989.
READ a second time this 25th day of October, 1989.
READ a third time and finally passed this 25th day of October 1989
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G C. Leverton A. K. Ford
Clerk. Warden