BYLAW - Amend By law 1058 - 19501120 - 107350\
THE CORPORATION OF THE TOWN OF AURORA
.. /CJ 7J BY-LAW NUMBER••••••••••• ~
A By-Law to amend By-Law Number 10,58.
WHEREAS by-law number 10.58 authorizes the borrowing
of $60,920 • .54 on the credit of the Corporation and the issuing
of debentures therefore, such debentures to bear interest at
/-----.,
/ / 3! ye~ centum and provides further that the Corporation shall
~.-~ethe right, at its option, to redeelll the debentures on any
date previous to the maturity thereof;
AND WHEREAS it now appears expedient to amend the
~------')
said bp:-law to provide for an interest rate o(~.jer centum
and to give the Corporation the right to redee\n=the debentures
falling due in the twentieth year only;
THEREFORE the Council of the Corporation of the
Town of Aurora enacts as follows:
1. THAT paragraph 1. of the said by-law number 10.58
be and the same is hereby amended by striking out the figure
"3!" in the fifth line thereof and inserting in lieu thereof
the figure "3i'"•
2. THAT paragraph 8. of the said by~law number 10.58
be and the same is hereby amended by striking out the words
"said debenture either in whole or in part" in the second
y
line thereof and inserting in lieu thereof the words ttdebent-
ures falling due in the twentieth year as shown in the said
schedule" and by striking out the last five lines thereof
commencing with the words "Where only a portion •••••" and
ending with the words 11 •••• that has a later maturity date."
/
-2 -
so that the said paragraph 8. shall now read as follows:
11 8• The Corporation shall have· the right at
its option to redeem the deben.tures falling due
in the twentieth year as shown in the said
schedule on any date prior to maturity at the
places where and in the monies, in which the said
debentures are expressed to be payable upon pay-
ment of the principal amount thereof together
with interest accrued to the date of redemption
and upon giving previous notice of said intention
to redeem by advertising once in the Ontario
Gazette and once in a daily newspaper of geneDal
provincial publication, such notice to be
advertised as aforesaid at least thirty days
before the date fixed for redeaption. Notice
of intention so to redeem shall also. be sent
by post at least thirty days prior to the date
set for such redemption to each person in whose
name a debenture so to be redeemed is registered
at the address shown in the Debenture Registry
Book."
THAT Schedule 11 A11 attached to by,..law number
1058 be replaced by Schedule 11 A" attached hereto and wherever ~
Schedule 11 A11 is referred to in said by-law number 1058, it -\r
shall be understood that same refers to the Schedule 11 A11
attached hereto.
i, •
f''~
.. 3 ...
THIS by.;.law shall come into force and take
effect on it obtaining approval by The Ontario Municipal
Board•
Read a first an.d second time
the -'{D day of /YUV· A.D.l9.50.
Read a third time and finally passed·
the c:?D day of 4~0 y A.D.l9.50•
...... ~.~--
Mayor
c . . • ~:¥~ '.~ '5::: ........................ : .. .-.....
Cl11rk
THE CORPORATION OF THE TOWN OF AURORA
SCHEDULE II A II
to
By-Law No. 1058.
. $60, 920 .• .54 J~~ 20 years.
Year .. Principal Interest Tot_§l.
lCj\1. $2,2ro.u/:· $1,979·92
/~ ~ -._l
1. \·4A:._J,?0.05 /
I-"-----·--.. ·-·· . -...• -· .
. 2. 2,281.96 1,908.09 4,190.0.5
3• ]. 2,3,56.12 1,833.93 4,190.0.5
<
4. v 2,4·32• 70 1,7.57·35 4,190.0.5
5 •. l<; \, \ -2,,511.76 1,67~.29 4,190.0.5
6. I~ -;(p 2,.593.39 1,.596.66 4,190.0.5
/o 2,677•67 1,.512.38 7· .) . 4,190.0.5
. a. :~) 2,764.70 1,42.5.35. 4,190.05
9· ;y 2,8,54 • .5.5 1,33,5.,50 4,190.05/ .
10. 2,947.33 1,242.72 4,190.0.5
11. 3,043.12 1,146•93 4,190.0.5
12. 3,142.02 1,048.03 4,190•0.5
13. 3,244.13 94.5.92 4,190.05
14. 3,349 • .56 840._49 4,190.0.5
15. 3,458.43 731.62 4,190.0.5
. 16. 3,.570.82 619.23 4,190.0.5
17. 3,686.87 .503.18 4,190.0.5
18. ·3,806.70 383.35 4,190.0.5
19· 3,930 • .42 2.59.63 4,190<0.5
20. 4,0,58.16 131.89 4,190.0.5
$60,920·.54 $22,880.46 $83,801.00
i £ I ~
. . . ~
ONTARIO
THE ONTARIO MUNICIPAL BOARD
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