BYLAW - Raise Money to Repair Sidewalks and Bridges - 19110211 - 333111 4
B Y 4 L A w N 0
To raise the sum of thousand Dollars to build and repair
f cement Sidewalks an Bridges in the Town of Aurora.
6� WE E R E A S It is desireable to build and repair a number of
C `..nt Sidewalks and Bridges in the Town of Aurora*.
And W H L R L A S for such purpose and to carry out the same
will require the expenditure of thousand dollars, and the
Xu4ioipal Council of the Town oi' Aurora consider it advisable to entre
Into such expenditure and for that -purpose borrow upon the credit of
the Town of Aurora the sum of thousand dollars;
And W H E R E A S to raise the said Sw the Council deems it
advisable to extend the payment of the same over a period of twenty
years b the issue odt debentures bearing interest at the rate of four
and one half per cent per annumw oZtending over the period of twenty
years as aforesaid* repayable by annual, instalments to be so arraigned
that the aggregate- amount of principal and interest payable in any
one year shall be equal to what is payable for principal and interest
in each of the other years during the said term.
And W H L R E A S the total amount to be raised annually
by special rate sufficient therefor upon all they rateable property
of the Municipality for paying the said -ddbt and interest will be the
sum of ,� adollars each year during the said period of
twenty years;
And W H E R E A S the amount of the whole rateable proper;a
(liable for taxation for such purposes) of the Municipality accord
g, ing to the last re ised assessment roll being for the year I9I0, is
the sum a
I'FeFo
And m H E R E,A S the whole debenture debt of the Muniei
pality is OZ5436#64 of which no portion of principal or interest is
in arrears,
arrears;
T H E R E F O R E the Municipal Council of the Town of
Aurora enacts as follows;
Ist The Municipal Council of the Town of Aurora shall expend the
sum of o'w '- Thousand dollars t;o build and repair Cement Side
walks and Bridges in the said Town of Aurora, and for the purpose of
t
raising such sum the Mayor and Treasurer of the said Town of Aurora
are hereb authorized and required to issue ddbentures of the said
Corporation to the amount of �(;!A-� thousand dollars which shall
/ be marked and known as Cement sidewalk and'bridges debentures and shall
l be in sums of not less than elOOone hundred dollars eaQh; and shall
be sealed with the Corporate Seal of the said Corporation and signed
by the Mayor and Treasurer thereof and shell be payable within twenty
years from the date ehereinafter mentioned for this By -Law to come
Into force and effect at the office of the Treasurer of 0 the Town
of Aurora with interest at four and onehelf'per cent per annum as
tolls# that is to say;
2nd. ".Ghesaid Principal stain in twenty annual instalments and interest
at the rate of aforesaid annually during said term, the aggregate
such
/amount of *W�h instalment of principal and annual yment of interest
shall be the sum o arsin each year;
3rd For the purpose of paying the said debt of " S `= thousand
dollars and to cover intere t on g said amount as aforesaid -the sum
of da shall --be levied and collected by a special
rate over and above all other ratesin the same manner and at the same
jtime as the other rates am Iba_oIbn= wstee are levied upon the whole
rateable property of`01% the said Townof'Aurora liable t,:�ated there
foreineach year for the period of twenty years from the cl'ate herein
after mentioned fot this bylaw to take effect during which the said
debentures have to run.
4th This bylaw shall come intonforoe and effect on the on th/ day
of J 9I/, if previouslyassented to by the voters o this Cor
/ poration legally qualified to vote thereon.
5th. This bylaw shell be submitted for the assent of the electors of
said Town under the provisions of the Municipal Act, and on Monday
UsmaXy the second day of January A. D, IgIM at the hour of nine
o'elook in the forenoon the jOia will be opened to take the votes of
the qualified electors of`the said Municipality on said By -Law and
the poll will close on the 'afternoon of the same day at five o'clock.
6th. The places for taking the Votes and the Deputy Returning Dffieers
and "oll Clerks r ot$ the several polling subdivisions of the said
Town shall be as follows;..
For polling subdivision No I, North Ward Nelsons chop
Deputy Returning Officer 4 �- poll Clerk
For Polling Subdivision No 2, Centre yard, Council Chamber
Deputy Returning; Officer t r✓, +(1 Poll Clerk,
For Polling Subdivision No Z. South Ward W# S, Wilsons Shop
Deputy Returning officer 71/ Poll 0
_� ....
Ith. That on Thursday December 29th* Ax �'t 1910 at the jhour of eight
o'clock in the afternoon, at the of the said Town, the
mayor shall appoint in writing, the persons to attend at the polling
kL
places and at the final suing up of the Votes on behalf of the
persons interested in or r opposing **Mx M respectively the
passing of the by-law.
$th. The Clerk l of the Municipality shall attend at he Council
Room in the said Town at twelve o'clock noon on 1=6 d day of
j" January A. D. I93j#0 to sum up the Votes given for and against this
By»I+aw