HomeMy WebLinkAboutBy-law 2216The Ontario hunicipal Improvement
Corporation Act.
By-law No.. L
A by-law authorizing an application
to The Ontario Municipal Improvement
Corporation for the purchase by it of
certain debentures.
1WHEB.a±,AS by Order dated the............ day of.................
196.00040 (File No... P;F ?ll..353.5P ....... ) The Ontario Municipal
Board authorized the construction oP.and.....e.:j?.i.tment of a six
......................
room Public School in School Area No. 2
.....................................................................•
• ..................................................................1N
at an expenditure of z..1534990.00
:.........................atx1 the
enactment of the necessary debenture by-law;
THEREFORE the Council of The Corporation of the...Townsxlp..
of....Pickering .....................................LNxCTS AS FOLL0WSJ
1. That the Head of Council and the Clerk are authorized to make
application to The Ontario municipal Improvement Corporation for the
purchase by it of the debentures of T'he Corporation of ths..Tow,nsM'ip ..
of............ Pic;Serino ...............................in the amount of
...153 000: 00 ............................
Enacted this..( ...day of ... .......,........19.7......
r
(Seal)
Head of Council
THE CORPORATION ON THE TOWNSHIP OF PICKERING
8Y-LAd NO, s.i1.(4
Schedule "A"
Year PrincipAl Rate Interest z2ka
1 $4,200.00 5s 69,509.75 $13,709.75
2 4,400.00 9,268.25 13,668.25
3 4,700.00 9,015.25 13,715.25
4 4,900.00 8,745.00 13,645.00
5 50200.00 8,463.25 13,663.25
6 5,500.00 6% 8,164.25 13,664.25
7 5,800.00 7,834.25 132634.25
8 60200.00 79486.25 13,686.25
9 6,600.00 7,114.25 13,714.25
10 7,000.00 6,718.25 13,718.25
11 7,400.00 64% 6,298.25 13,698.25
12 7,800.00 5,835.75 13,635.75
13 8,300.00 50348.25 130648.25
14 80800.00 4,829.50 139629.50
15 9,400.00 49279.50 13,679.50
16 lo,o0o.00 6j% 3,692.00 13,692.00
17 10,600.00 3,042.00 13,642.00
18 11,300.00 2053.00 13,653.00
19 120,100.00 1,618.50 13,718.50
20 120800.00 832.00 130632.00
153,000.00 120,447050 273,447.50