HomeMy WebLinkAboutBy-law 330/75THE CORPORATION OF THE TOWN OF PICKERING
BY-LAW NUMBER 330 -7?5'
Being a by-law to authorize the
borrowing of money by way of
temporary advances pending the
issue and sale of debentures.
By-law #330/75 Repealed
by By-law #526/76 dated
December 7th 1976
WHEREAS the Council of the Town of Pickering has applied to
the Council of the Regional Municipality of Durham to authorize
the issue and sale of debentures for raising a sum not exceeding
$211,000.00, for the purpose of constructing a Public Library
in the Bay Ridges area of the Town of Pickering;
AND WHEREAS the Corporation desires to borrow money as temporary
advances pending the issue and sale of the said debentures;
NOW THEREFORE the Council of the Corporation of the Town of
Pickering HEREBY ENACTS AS FOLLOWS:
1. Pending the issue and sale of the said debentures, the
Corporation of the Town of Pickering may borrow upon
the credit of the Town at large by way of temporary
advances to meet the expenditures authorized by this
by-law, such sum or sums as may be required for that
purpose but not exceeding in aggregate the sum of
$211,000.00 and the Mayor and the Treasurer of the T--- -
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Town are hereby authorized to sign and deliver to y; p.; .,per
the said lender such promissory note or notes as
may be required from time to time for the repayment d r,,
of the moneys so borrowed at such time and at such Ecly?
rates of interest as may be agreed upon with the
------;
said lender and to affix to such promissory note d
or notes the seal of the Corporation of the Town
.?...I y .
TOWN OF PICKERING
RECORDED VOTE
st and second time this Ia day of November 1975.
YEA ()( NAY
\SHE G. '1--
?NDERSON J. __IM? ---
<ITCHEN D
JIATHL:01'4 K. i --^` ? PI31/pr
LUO
Administrator-Cler]
By-law read a third time and PASSED this day of
197
Mayor
Administrator-Clerk