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BYLAW - To Authorize Issue of Debentures - 19010304 - 19205�? Y `b oi. tl.ori,a �ia.all.a C et an tur s or 1' 1'o`n, o A[ Iij a O'' y 10.000`or � e p�z��a e o1' ;ra.,tillEy a �onu15 try / Poss rs Unae:rAili ..�n Sismaj/pro ars now carrying on We c u 3iness o ra �t�i' ct�zr? n , boots .;na shoes in tAe Village Of ,.arkha L i.i too County of York ana Kno are a,bott to ranove their Plant _•__-- ...cninery as„L carry on the said manufacturing dvi�, iness in t.,,e To1,7n of A porato enAbin then to yurcK"sa land, erect ana eggin a factory sna ottar nece s3&ry buildingSrecroire," for 'tip: arnose of carrying on the business n nnafooturing boots and 11 c e s Q the ToWn of Aurora. 1. WHEREAS the sAjo, firm of Unlarhill a, Siswhn inve decide_ to rei,,ove their ana voyAs i'roA t a village of M-,rkhara un(: er a -,ay circilms tances , vna Wing eypressea a aesira to locate their si= a 'business in tna `1`o,bm of Aurora have ashea the Corporation of tne S"ia `own for a honus of $10.000 to e::a.bl e them to purchase land, erect e c�]Ip a factory ana all o*czar necessary buildings re uirea Vor we )ur��o o o;° currying on OLe business or' nux' c+.1 r3.iit Hoots and y ,��% 4,�� - 2. PhD WHERLAS it is deal{fed advisable t'ia,t t-�-e Town of AUVora cola 4r.,r?t them a, bonus of 810,000 for the purposalafors said AND vY'HEREAS to raise the z oia Sum, the s uici, Council ae3tr,ing it advisable to extend pa.ynent for the sza,_ is over a, period of twanty years by the issue of debenturez bearing interest at Four percent per annum, extending over a period of twenty years as aforesaid, repayable by Annual instalments of both principal and interest, such i=astalnents to be to arranged -that v , tne aggregate a:,iount of principal and interest pyyable in any one year shall be equal to what is payable for principal a a interest in each of the other years (fturtng the s i n terra. AND WHZREAS the total amount to be raised annually by special rate sufficient therefore o� all rateable pronertV of the Municipal,ity.zor paying the said aer:t no interest, will be the son of 735.80100 janyw4sk dollars each year pring the said period of twenty 7ea,rs. L1 • AND ti`,WREAS the ainount of jAe whole ra ble uror erty ( _liwble to tanation for such purpose) of the Municipal' t.V accordiag to tL l tl-Le lust revised assessment roll is the sum of 7� AND 11 REAS the whole debenture nebt of the m nicipalitY amounts to f j %r-w' of which no 7ortion of principal '4 or interest is in arrears. Pe it tnerefore enacted �y the Municipal Council of the /I Corporation of the Town of Aurora as follows:- That a boAUS of Ten thousand dollars is hereby granted by the Town of Aurora to yesors Underhill & Qsman to aid them as aforesaid and that the Mayor i s hereby authorized ana required to issue debentures or the saia Corporation to the amount or Ten thous.- . ana collars which shall be markeu and known as the Underhill. and Sisman aebenture d�and shall be in sums of not less than one hunared collar; each was shall be sealed with the corporate sed. /0 of the said Corporation and signed by the Mayor and Treasurer Wereof and shall be payable within twenty years from the doy r hereinafter rre�ztzoned� this BY-1 -ome into effect, at the office of the Treasurer /of the Town of Aurora with interest at Four per cent rer annum as follows: --The said ' principal sum in twenty annual instaLnants ano, t1e interest at the rate aforesaid annually during saia term, the aggregate amount of such instalments of principal ana `annual payments of interest shall, be the sung of 733 80 /loo dollars. 2. For the purpose of paying the said sum of $10,000 a na to c � interest on the saia amount a; aforesail the sum of 725 O© /loo collars shall be levien by a special rate over and, - Above all otter rates in the same manner awna at the sane time as other taxes are leviea upon the whole rateable property of the sail -town liable to be rated therefore in each year , for tLY period of twenty years fro, the date herdina.f ter mentioned. for this By. -law to take effect during which the said aebent res have to run. 3. That this By-law shall come into force and take effect on o " ` the 28th daY Of MUY 1001 if slrf'. Aintly assented to by the elecdb c/ For North Ward pollPlace, . r.; . AnArgws shop. Deputy Ret irnirg Off cer, P , `I' , Pond. For Centre . hrm Polli_l , i'l xra�ll, DetTT �Zeyy� ) •l .�i]] 5� tu7.LajQ Officer, S . H . LTIU-1dy . For South Ward, P4;llog PI44, W lson's Alp, DeWuty lie ,urni:: Officer, H. g 6. That on lVesday the 19th ray of February �f the e hour n-f M in the aftornoon, at the Council C":: ?er 0-:- the s._t,id Town =-air*rshall appoint, in w i Ping, th8 persons ' to attend f =at ths.4011ing place; and at the final s t1a_ om331 ]g .up or the vote (�; {, {3 /� p y�yy {' ■ . �. y ry (� y �7 V11 - e LC. l o the �i p? rson4 ^� ,�:.1 and vn a -.Promo tin or imposing respecti:7#� passi�g. of this 7. Thu,t the o clerk of t, sail Muni ��,,li �- c:i� L ty shall attena at Y f Co-ll-1cil: "� �,l,'�ers It sari o�;�� _ `�1�reltr ], e o,lock in fo reno„ on WeAbelday the 27th day ,of FebmaryT 1901 to sum up the -. F i tir en r r l Y