BYLAW - Authorize the Raising of Money by Way of Loan - 19501120 - 107250----· -··--·
THE CORPORATION OF THE TOWN OF AURORA
BY-LAW NUMBER• ./.'q' 7,+, •
A By-Law to authorize the ·raising or
money by way or-loan pending the _sale
of debentures un_der By-Law Number 1069.
WHEREAS, pursuant to Section 337 of The Municipal
Act, the Council, pending the sale or a debenture, may authorize
the head or the council and the treasurer to raise money by way
or loan 011 such debenture;
way of: loan
AND WHEREAS it appears expedient to raise mo11ey by
on the debentures authorized by By-Law Number 1069;
-.· 4
THEREFORE the Council of the CorparatioTJ of the
TOWTl of Auro~a enacts as follows:
l. THAT pe11ding the sale of the debEl:!Ttures authorized
to be issued by By-Law Number 1069, the head of the council and
the treasurer may raise for the purpose of the said by-la-w by · ~
way or loan on such debentures any sum-or sums of money not ~~
exceeding in all the sum authorized to be borrowed by the said
by-law and may hypothecate sliloh deb6Tltures for such loan.
THIS by-law shall take effect the ~ o day or
-/YO t/. , A.D. 1950•
Read a first and second time
the -<o day or #tJ t/ · A.D. 1950•
Read a third time and finally passed
the c:2o day of /1/0 t.l · A.D. 19.50 •
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Mayor
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Clerk