BYLAW - Authorize the Obtaining of Temporary Advances - 19490502 - 102949.. , .-
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L.F.11 16th Dec. 1931.
ONT.
Municipal By-Law for Temporary Advances
under Local Improvement Act.
22923 Printed in Canada
BY ·lAW No .... /.??..~'1, .....
A BY-LAW authorizing the obtaining of temporary advances to meet the cost of certain
works undertaken as a local improvement pending the completion thereof .
WHEREAS the Municipal Council of the Corporation of the Town of
Aurora has passed Construction By-law number 1024 , copy of which
is _annexed hereto, C!:U~horizing the construction of the works described in it as a local improvement under the
provis_iorl~ ~f the_ioc~llmprovemenfAct, the estimated cost of which works is$ 1256.00
AND WHEREAS it is desirable to agree with
works p~nding the completion thereof.
BE IT THEREFORE ENACTED by the said
1. The Head and Treasurer of the Cor ation are hereby authorized to obtain from the Bank of Montreal
temporary advances at a rate or rates not excee g 4 per cent per annum represented by a promissory
note or promissory notes or by way -;;ve' r r otherwise not exceeding Twelve hundred &
t1tty-s1X 00/l~lars t e the cost of the said works pending the completion thereof.
-_-I-A promissory riote or. note r other vcPJ1ers, sealed with the Corporate Seal and signed on behalf of the
Corporation b)r the Head -and T urer thereof,Yor the advances from time to time obtained under the authority
hereof and in st thereon be given ~e said Bank providing for the repayment of or representing the said
advances wi h i terest er. n as afor1';id.
3. T as rer of the cofpJJtion is hereby authorized and directed to apply first in payment of such
advances st thereon as ~oresaid all moneys borrowed on the credit of the Corporation to repay such
advanc_e;; a efray the cost of the said works and all moneys from other sources properly applicable to the cost
'.
rks.
Passed by the said Council this
(Mayor or Reeve as the case
may be.)
I certify that the foregoing is a true.copy of a By-law passe.~ by the Council of the Mi7cip:l Corporation of
the Town of Aurora on the .;< .2., day of~ 19 ,t.f /
and that the paper-writing h~reto annexed is a true copy of Construction By-law Number I 0 ~ l-/-
passed by the said Council on the day of