BYLAW - Amend By law 1216 - 19550411 - 122255I
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BY-Ll!W NUMBER ~~~:t._,
OF THE MUNICIPAL CORPORATION OF TrlE
TOWN OF jURORA
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f>. M t:N L' ~:.. I "": .. ~ ........ ... Bi -LA '-N NO ............ ,.
.A BY-LAW TO .AMEND BY-L.AW NUMBER 1216, BEING .A BY-L.AW TO .AUTHORIZE
THE BORROWING OF $6,250.00 upon DEBENTURES FOR THE CONSTRUCTION
OF .A SANITARY SEVJER FROM THE INTERSECTION OF COUSINS DRIVE AND
WELLS STREET TO THE INTERSECTION OF EDWARD STREET ANTI D~JING .AVENUE
EXTENSION.
WHEREAS the council of the Corporation of the Town of
.Aurora with the approval of The Ontario Municipal Board by Order
dated the lst day of October 1954 as Number P.F.D.2134, passed
By-law Number 1216 to authorize the borrowing of $6,250,00 upon
debentures for the construction of a sanitary sewer from the
intersection of cousins Drive and Wells street to the intersection
of Edward stneet and Dunning .Av~ue extension;
.AND WHEREAS it is deemed expedient to amend the said
By-law Number 1216 to provide that the corporation shall issue
the required debentures to bear interest at the rate of 4~ per
annum instead of at the rate of 4i1o per annum as provided in the
said By-law Number 1216.
THEHEFORE THE COUNCIL OF THE CORPOR"~TION OF THE TOWN
OF AURORA ENACTS .AS FOLLOWS:
1. That the second recital paragraph of the said By-law
Number 1216 be and the same is heE.eby amanded by striking out the
figures "4!11 in the sixth line thereof and by inserting in lieu
thereof the figure "4" so that the said recital paragraph shall
read as follows:
2.
"AND WHEREAS it is expedient to enlarge or extend the sewage
system of the Corporation of the Town of .Aurora by constructing
a sanitary sewer or trunk sewer from the intersection of cousins
Drive and Wells Street to the intersection of Edward Street
and Dunning 11venue Extension and for this purpose to borrow
a sum not exceeding $6,250.00 upon the credit of the corpor-
ation, to issue debentures therefor bearing interest at the
rate of 4 per centum per annum payable annually, and to provide
for the discount and the expense incidental to the preparation
and negotiation and sale of such debentures;
That the said By-law Number~16 shall be and the
same is hereby amended b;r striking out the words and figures
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"four and one quarter per centum ( 4l1.f"in the fourth line of
paragrapg 1 thereof and by insering in lieu thereof the words
and figures "four per centum (4j.)"so that the said paragraph
shall read as follows:
"1. for the purpose aforesail!l there shall be borrowed
upon the credit of the corporation as sum not exceeding
$6,250.00 and shall issue debentures therefor in the sum
of not less than $100.00 each. such debe~tures shall
bear interest at the rate of four per centum (4j.) per
annum payable annually and shall have coupons attached
thereto for the payment of such interest."
That the said By-law number 1216 shall be and the same
is hereby further amended by striking out the figures "195511 in
Wfi'·ctl the first line of paragraph 5 thereof and by inserting in lieu
thereof the figures 11 1956", somthat the said paragraph 5 sliall
read as follows;
"5· commencing in the year 1956 and thereafter in each year
in which the instalment of principal of the said debt and
interest become due, the corporation shall levy and raise
the specific sum shown for ·the respective year in the fourth
column of the said Schedule "A". Such sum shall be levied and
raised bya special rate sufficient therefor ovwrand above
t all other rates upon all the rateable property in the municipalit~
That the said By-law number 1216 shall be and the same
is hereby further amended by striking out Schedule "A 11 attached
thereto and by attaching or by inserting in l&eu thereof Schedule
"l" attached to this By-Law. I
READ A FIRST AND SECOND TIME THIS(/ DAY OF APRIL, 1955.
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Clerk
THIS // DAY OF APRIL, 1955 •
.e:;._u~
Mayor Clerk
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Year
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2
3
4
3
6
7
8
9
10
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12
13
14
13
SCHEDULE ".A II
1-13 year 41. Debentures
AilllllUal · :_; :. ' ~'·/ .
Principal Interest Payinent
$ 300.00 $230.00 $550.00
300.00 238.00 538.00
330.00 226.00 576.00
400.00 212.00 612.00
400.00 196.00 596.00
~oo.oo 180.00 580.00
400.00 164.00 %4.00
400.00 148.00 548.00
400.00 132.00 332.00
400.00 n,P.oo 516.00
300.00 100.00 6oo.oo
500.00 80.00 580.00
300.00 6o.oo 560.00
300.00 40.00 340.00
300.00 20.00 320.00
$6,2)0.00 $2,162.00 $8,412.00
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ONTARIO
THE ONTARIO MUNICIPAL BOARD
.. $n,El ..
lM m MA'l'TER or an applba\i.ion ot
tbe Oorporatit~:~n of tO. Town et
1\.u~l'a . tor. ap}'.I~Yf1~ ot its . p:repoee4
Jy•law l!l~m'be!' 1211, pt'()Vitilng fort
a decwe.e.ae in t~t !'ate ot' S:ntereet
troxn. It~· to It~ tn tl::b:e deli>enturea
to be Ul!na.tltd ~d!ll:r ~tbority Qf By-law N••* 1tl6 .. ,passed. tne ?th
liliity.·o·f F.e·b.·nt .. · .. · ... · .. a .. · ... ~·.···. *. a.;. S5 ·(·f..i,2SO.to.··.for ~ constTlle'ticm ot a l!Mm"tt.t.r;v aewe:r
t~m the ... l~~ct.et'fili!letlon or kWidna Drive
~d .i'i(4tl.J:S S.tJ",.;;t .t,o tit!• iaterlifjJI'IIlltoteln o£ ~ward Strttet ~ htming ~!:Venue
lll:tension). ·
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}}) MQI14ar 1 th.e Eievf.&J'lt.h
day (!)t Aprtl, A. D., l9SS.
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IT IS ORDE1Uln11, wder an<l in pusu.atute of
the hgillaW.on l'utrei~bef(iit'Eil referred te, and of anr
al'l4 all other powctrs vesteii in th• Be>ari, that the
eai4 proptsed By•law, be anti ~he same ie hereby
app~e.dO'