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BYLAW - Authorize the Construction of Sanitary Sewers on Yonge Street - 19480907 - 100648BY-LAW NUMBER of the Municipal Corporation of the Town'of Aurora. BY-LAW TO AUTHORIZE THE CONSTRUCTION OF SANITARY SEVERS ON YONGE STREET FROM THE SOUTH LIMIT OF LOT 176 PLAN 246 AURORA, SOBTEEBGY TO WTFHIN 33 FEET FROM THE SJUTH LIMIT OF LOT 178, PLAN 246, AURORA. WHEREAS at least two-thirds in number of the owners representing at least one half of the value of the lots liable to b.e specially assessed and ot#ers have petitioned the Council to construct, as a local improvement, the work herein - after described, and the Clerk has certified that the petition is sufficient, AND WHEREAS it is expedient to grant the prayer of the petition\ in manner hereinafter provided. THEREFORE THE MUNICIPAL RIUNCIL OF THE CORPORATION OF THE TOWN AURORA ENACTS AS FOLLOWSt 1, That Sanitary.Sewers, having a sectional area of inches, be constructed on Yonge Street from the south limit of Lot 176, Plan 246, Aurora, to within thirty-three feet from the south limit of Lot 178, Plan 246, Aurcea, a distance of approximately 640, as a local improvement under the provisions of The Local Improvement Act, 20 That Messrs, Prootor, Redfern & Laughlin b e and they are hereby appointed the Engineers to forthwith make such plans, profiles and specifications anti furnish such information as may be necessary for the making of a contract for the execution of the work, 30 The work shall be carried on and executed under the superintendence and according to the directions and orders of such engineers, 40 The Mayor and Clerk are authorized to cause a contract for the con. straction of the work to be made and entered into with some person or persons, firm or corporation, subject to the approval of this Council to be declared by Resolution, 2,- 5e The Treasurer may agree with any bank or person for temporary advances of money to meet the cost of the work pending the completion of it. 6e The special assessment shall be paid by twenty annual instalmentse 7e The debentures to be issued for the loan to be effected to pay for the cost of the Rork when completed shall bear interest at such rate as the Council may determine and be made payable within twenty years on theinstalment plan, 8e Any person, whose lot is specially assessed, may commute for a payment In cash the special rates imposed thereon by paying the portion of the cost of con. struotion assessed upon such lot, without the interest, forthwith after the special assessment roll has been certified by the Clerk, and at may time thereafter by the payment of such sum as when invested at four percent, per annum will provide an annuity sufficient to pay the special rates for the unexpired portion of the term as they fall due. Dated at the Council Chambers, Aurora, this Passed at the Council Chambers,Aurora, this day of September,1948e day of 5eptember,1948e N 0