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HomeMy WebLinkAboutBy-law 1048B Y- L A W N U M B E R 1 0 4 8 A BY-LAW OF THE TOWNSHIP OF PICKERING TO RAISE $10,000.00 TO AID IN THE CONSTRUCTION OF TILE, STONE OR TIMBER DRAINS. The Council of the Municipality of the Township of Pickering, pursuant to the provisions of The Tile Drainage Act, ENACTS AS FOLLOWS: 1. That the Reeve may from time to time, subject to the provisions of this By-Law, borrow on the credit of the Corporation of the said Municipality, such sum not exceeding in the whole $10,000.00, as may be determined by the Council, and may in manner hereinafter provided, issue Debentures of the said Corporation in sums of $100.00 each for the amount so borrowed, with Coupons attached as provided in Section 5 of the said Act. 2. That when the Council shall be of opinion that the application of any person to borrow money for the purpose of constructing a tile, stone or timber drain should be granted in whole or in part, the Council may, by resolution, direct the Reeve to issue Debentures as aforesaid, and to borrow a sum not exceeding the amount applied for, and may lend the same to the applicant on the completion of the drainage works. 3. A special annual rate shall be imposed, levied and collected over and above all other rates upon the land in respect of which the said money shall be borrowed, sufficient for the payment of the principal and interest as provided by the Act. PASSED the 11th day of December, 1915. (Signed) E. B. Hoover Reeve (Signed) Donald R. Beaton Clerk I. Lloyd T. Johnston, Clerk of the Township of Pickering, do hereby certify that the foregoing is a true and correct copy of By-Law Number 1048 passed by the Municipal Council of the Township of Pickering on the 11th day of December, 1915. CERTIFIED this 18th day of February, 1958. _a BY-LAW N UjjBER 1048 A BY-LAW OF THE TOWNSHIP OF PICKERING TO RAISE #10,000.00 TO AID IN THE CONSTRUCTION OF TILE, STONE OR TIMBER DRAINS. The Council of the Municipality of the Township of Pickering, pursuant to the previsions of The Tile drainage Act, ENACTS AS FOLLOWS; 1. That the Roe°9 may from time to time, subJeet to the provisions of this BT-law, oorrow on the credit of the Corporation of the said Municipality, such sum not exceeding in the whole #10,000.00, as may be determined by the Council, and may in manner hereinafter provided, issue Debentures of the said Corporation in sums of #100.00 each for the amount so borrowed, with Coupons attached as provided in Section 5 of the said Act. 2. That when the Council shall be of opinion that the application of any person to borrow money for the purpose of constructing a tile, stone or timber drain should be granted in whole or in part, the Council may, by resolution, direct the Reeve to issue Debentures as aforesaid, and to borrow a sum not exceeding the amount applied for, and may lend the same to the applicant on the completion of the drainage works. 3. A special annual rate shall be imposed, levied and collected over and above all ether rates upon the land in respect of which thi said money shall be borrowed, sufficient for the payment of the principal and interest as provided by the Act. PASSED the 11th day of December, 1915. (Signed) E. B. Hoover Reeve (Signed) Donald R. Beaton Clark 1, Lloyd T. Johnston, Clerk of the Township of Pickering, do hereby certify that the foregoing is a true and correct copy of By-law Number 1048 passed by the Municipal Council of the Township of Pickering on the 11th day of December, 1915. CERTIFIED this 18th day of February, 1958. (Signed) _ natcn Clerk