HomeMy WebLinkAboutBy-law 1812Form 100-38 Ontario
TOWNSHIP OF PICKERING
...................................................................
BY-LAW No....... ?..Y Y
1?1 T12
p=Ytjbj to authorize the borrowing of $ `'/rj,QQp , Q o
Whereas the Council of the - TOWNSHIP OF PICKERING -
'hereinafter called the "Municipality") deems it necessary to borrow the sum
of to meet, until the taxes are collected, the current
exp ditures of the Municipality for the year;
Nora.-Refer And Whereas the total amount of the estimated revenues of the Munici-
to the estimates
for the current pality as set forth in the estimates adopted for the year 19 50, not including
if not. year if too° nose revenues derivable or derived from arrears of taxes, borrowings and issues of
of last year.
debentures, is $ 28.S,P,50 •00
paragraph if notCH4Yt'11<i't!t<iV`pXXXXXXXXXXrXXnt?tyry,?.yantr???[lnyyy??t iyyy?p.yy(tAyty,CJdt
applicable). 7[? y y?]pQ[
8 117La.I-UI"ap
Therefore the Council of the Township of Piekeringhereby
enacts as follows:
1. The Head and the Treasurer are hereby authorized on behalf of the Municipality to
borrow from time to time by way of promissory note from THE CANADIAN BANK
1 DS COMMERCE a sum or sums not exceeding in the aggregate $ I5,QOo ?"
?f to meet until the taxes are collected the current expenditures of the Municipality
for the year, including the amounts required for the purposes mentioned in subsection
(1) of section 339 of the Municipal Act, and to give on behalf of the Municipality
to the Bank a promissory note or notes sealed with the Corporate Seal and signed by
the Head and Treasurer for the moneys so borrowed, with interest, which may be
paid in advance or otherwise, at a rate not exceeding 4-9C per centum per annum.
2. All sums borrowed pursuant to the authority of this by-law, as well as all other sums
borrowed in this year and in previous years from the said Bank for any or all of the
A' purposes mentioned in the said section 339, shall, with interest thereon, be a charge
lei upon the whole of the revenues of the Municipality for the current year and for all
I//P preceding years as and when such revenues are received.
3. The Treasurer is hereby authorized and directed to apply in payment of all sums
borrowed as aforesaid, together with interest thereon, all of the moneys hereafter
collected or received either on account or realized in respect of taxes levied for the
current year and preceding years or from any other source which may lawfully be
applied for such purpose.
Passed this - day of J 19 50
THF. HFArI r1F THE T(i ICIPALITV
Reeve
...............
CLERK
hereby certify that the foregoing is a true copy of By-Law
No. of the Township of Pickering
in the Province of Ontario, duly passed at a meeting of the Council of the said
Municipality duly held, and that the said By-Law is in full force and effect.
Dated This ,Q day of 19 50
As Witness the Seal of
the Township Of Pickering
L
THE HEAD OF THE MU ICIFALI_I'V
Y{eeve
( SEAL ............. ............?.......................... ............. .
CLERK