BYLAW - Borrow Money - 19220918 - 55122X psi
A BY-LAW TO AUTHORIZE THE MAYOR AND TREASURER TO BORROW $$1002000
DOLLARS TO MEET THE EXPENDITURE FOR NEW HIGH SCHOOL.
WHEREAS it is desirable to give the Mayor anc, Treasurer authoriVy
to borrow the smm Of $6100,000 Dollars to meet the expenditure of a
new High School for the Town of Aurora, until ,such time as Deoentures
9 vll�
can oe issued and sold.
THEREFORE the Municipal Council of the Corporation of the Town
of Aurora enacts as follows:
THAT the Mayor and Treasurer of the Town of Aurora oe aiid are
n hereby authorized to oorrow on the credit of the Corporatiurr of the
tea.✓ .z�
Town of Aurora fromagAn
,,",any sum or sums not exceeding i:r the whole $6100, 000 Dollars, to
meet the current expenditure of the Corporation of the Town of Aurora
for building a new High School, to make and give a Promissorynute
or notes of the Corporation therefor, and to rensw the same from time
�u time as may oe necessary, and to sign the said Promissory rotes anct
reneirays as such Mayor a.id Treasurer on behalf of the Curjuratiun, 311d
to affix the Corporate seal. thereto.