HomeMy WebLinkAboutBy-law 4725/96 THE CORPORATION OF THE TOWN OF PICKERINC~
BY-LAW NUMBER 4725/96
Being a by-law to provide for the addition of interest to
tax arrears
WHEREAS, pursuant to the provisions of the Municipal Act, R.S.O. 1990, chapter M.45, section
419(2), the Council of The Corporation of the Town of Picketing may by by-law require that the
Town Treasurer add to the amount of all taxes due and unpaid interest at such rate not exceeding
15 per cent per annum as Council determines, fi.om the 31 st day of December of the year in which
the taxes were levied until the taxes are paid;
NOW THEREFORE the Council of The Corporation of the Town of Picketing HEREBY
ENACTS AS FOLLOWS:
1. The Town Treasurer shall add to the amount of all taxes due and unpaid interest at the
rate of 12.0 per cent per annum from December 31, 1995, until the taxes are paid.
2. Sections 2210.4.1 of the Town of Picketing Municipal Code are revoked and section 1 of
this By-law is substituted for them.
3. This By-law shall come into force upon the date of passage hereof.
BY-LAW read a first, second and third time and finally passed this 5th day of February, 1996.
Wayne Arthurs, Mayor