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HomeMy WebLinkAboutBy-law 3516 THE CORPORATION OF THE TOWNSHIP OF PICKERING A By-law authorizing an application to The Ontario Municipal Improvement Corporation for the purchase by it of certain debentures. WHEREAS The Council of the Corporation of the Township of Picketing deems it expedient and necessary to issue debentures in the amount of $134,648.56 for the purpose of Local Improvements, Water and Sewer Services, om the west side of Liverpool Road; AND WHEREAS application has been made to The Ontario Municipal Board for authority to proceed with the above undertaking; THEREFORE The Council of the Corporation of the Township of Picketing ENACTS AS FOLLOWS: 1. THAT the Reeve and the Clerk are authorized to make application to the Ontario Municipal Improvement Corporation for the purchase by it of the debentures of The Council of the Corporation of the Township of Picketing in the amount of $134,648.56. READ a FIRST, SECOND and THIRD time and PASSED in open Council this ~_~ day of ~L.~.~, 1968. ,,,/ By-Law SCH~D,. ULE ~ "Att Debenture Year of No. Maturity Principal Rate Interest Total 1 1969 $3,248.56 7{ $10,435.26 $13 683.82 2 1970 3,500.00 7~ 10,183.50 13 683.50 3 1971 3,800.00 7~ 9,912.25 13 712.25 4 1972 4,000.00 7~ 9,617.75 13 617.75 5 1973 4,300.00 72 9,307.75 13 607.75 6 1974 4,600.00 72 8,974.50 13 574.50 7 1975 4,900.00 7~ 8,618.00 13 518.OO 8 1976 5,3OO.00 72 8,238.25 13 538.25 9 1977 5,600.00 72 7,827.50 13 427.50 10 1978 6,000.00 72 7,393.50 13,393.50 11 1979 6,500.00 7~ 6,928.50 13,428.50 12 1980 6,900.00 72 6,424.75 13,324.75 13 1981 7,400.00 72 5,890.00 13,290.00 14 1982 7,900.00 7~ 5,316.50 13,216.50 15 1983 8,500.00 7~ 4,704.25 13,204.25 16 1984 9,100.00 7~ 4,045.50 13,145.50 17 1985 9,700.00 7~ 3,340.25 13,040.25 18 1986 10,400.00 72 2,588.50 12,988.50 19 1987 11,100.00 7~ 1,782.50 12,882.50 20 1988 11,900.OO 7~ 922.25 12,822.50 $134,648.56 $132,451.26 $267,099.82