HomeMy WebLinkAboutBy-law 1752 BY-LA~ ~!umber
Of the i~%unicipsl Council of the
By-law Number 174~.
1752
£ownship of Pickering to smend
WHEREAS
ship of Pickerin~ to
for school purposes:
AND .2IEREAS the
By-l~w ]u.ber 1745 empowered the Council of the Town-
issue ,~46,000.00 debentures for~. ~' ~. No. 3
firm of ~1 $ H .
the bonds have req~ested ~o]nc~l to chan~e
debentures from June 15, 1948, to ,,.uf'~st 2,
will not h~ve so much interest to pay:
Deacon and ~omp~ny who purchased
the date of issue of the
194f~, so that purch.~sers
BE IT THEREFOR~ .~]EACTED by the Municipal Council of the Township
of l~icke rin~:
(1) T~.~t cleuse 2 of ~y-law J[,~mber 1743 reading "That debe~tures
shall all be dated es of the 15th day of r, 104', ~,n~ sh~,ll
be payable in twenty (20) equal ~nnusl instalments of principal
tto the nearest ~.~100.00) and interest ca the 15th
in each of the 0. ears 1049 to 1905 i~clusive," shall be chanl~ed to
read "The debent~res shall all be~d~ted ss of the ~th day of ~e,
1948, and sh~ll be payable in t~.enty (20) equal annual instel~rents
of pr[[~cip~l ~to the new,rest j100.O0) and interest on ~he l~h d~y
inclu~ve
of n e~ch of the years 1(~49 to 196~ ~' ".
(2) 'fh~t t~fis a~endment ah~-ll beco~.:~ effective ~pon the p~ssing ~fld
approw, 1 of the ).[unicipal ~o~rd.
re'.~d ~ fir~;t and ~econd time [~lly 20,
read a third ti~.c ~nd ~i~'lly p,~z.~:ed ~uly 20, 1948.