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HomeMy WebLinkAboutBy-law 5316/98THE CORPORATION OF THE TOWN OF PICKERING BY-LAW NO. 531'6/98 Being a by-law to amend By-law 5163/97 to authorize the temporary borrowing of moneys to meet the current expenditures of The Town of Pickering for the year 1998. WHEREAS By-law 5163/97, enacted by the Council of the Corporation of the Town of Pickerin_g on December 15th, 1997, authorized the temporary borrowing of moneys to meet the current expenditures of The Town of Pickering for the year 1998; and WHEREAS the temporary borrowing limit approved was $15,000,000; and WHEREAS it is deemed expedient to amend By-law 5163/97 to increase the temporary borrowing limit to $30,000,000; NOW THEREFORE THE COUNCIL OF THE CORPORATION OF THE TOWN OF PICKERING HEREBY ENACTS AS FOLLOWS: That By-law 5163/97 be amended by increasing the temporary borrowing limit from $15,000,000 to $30,000,000. BY-LAW read a first, second and third time and finally passed this 1st day of June, 1998. Wayne Arthurs, Mayor Bruce Taylor, Clerk