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HomeMy WebLinkAboutBy-law 3668 THE CORPO~TION OF THE TO.SHIP OF PICKERING BY-LAW NUMBER ~$Y Being a By-law to authorize the construction and equipping of an indoor ice arena. WHER~S it is deemed advisable to construct and equip an indoor ice arena in Lot 19 in Range 3 of the To.ship of Picketing to provide part of the facilities required for a recreational area for the surro~ding lands. AND W~R~S the Council of the Corporation of the To.ship of Pickerin~r~as agreed to construct such indoor ice arena at an estimated cost of ~ and to issue debentures for part of this cost repayable over a period of 20 years; NOW THEREFO~ THE CO~CIL OF THE CORP0~TION OF T~ TO.SHIP OF PICKERING ENACTS AS FOLLOW: 1. That an indoor ice arena be constructed on part of Lot 19 in Ran~3 of the To.ship of Pickering and equipped at an estimated cost o~~O. That ~ere shall be borrowed for the purpose set out in Clause 1 the s~ of ~,_,,~ __ which s~ shall be a charge against all the rateable property in the To.ship of Picketing. That the special rate to pay for the said indoor ice arena shall be paid in 20 annual instalments. Pending sale of the debentures to be issued to finance the works herein the Head of the Council and the Treasurer may raise for the purpose aforesaid by way of loan on such debentures any s~ or s~s of money not exceeding in all the s~ hereby authorized to be borrowed and may hypothecate such debentures for such l~n. READ a First and Second time this..~--day of , 1969. READ a Third time and passed in open Council this /~ day of ~£ [ ~\ eve ~ .