BYLAW - Provide Partial Funds for Water Heater Purchase - 19600704 - 144160,,
···,.,
of the corporation of the Town of Aurora,
BEING A BY-LAW TO PROVIDE IN PART THE FUNDS, REQUIRED BY THE
AURORA HYDRO-ELECTRIC COMMISSION FOR THE PURCHASE OF WATER
HEATER UNITS, UTILITY EQUIPMENT AND FOR EXTENSIONS AND
IMPROVEMENTS TO THE ELECTRICAL DISTRIBUTION AND STREET-
LIGHTING SYSTEMS,
WHEREAS: the Council of The Town of Aurora deems it expedient
to provide in part the funds, required by the Aurora Hydro-
Elecfuric Gommission for the purchase of water heater units,
utility equipment and for extensions and improvements to the
,electrical distribution and street-lighting systems, ···. .·
AND WHEREAS: The Hydro-Electric Power Commission of Ontario
assented to these works on May. 2, 1960 pursuant to the
provisions of Section 103 of the Power Commission Act
AND WHEREAS: pursuant to Sect 388(1), Paragraph 66, the Council
may pass a By-law for the construction of such works, subject
to the approval of the Ontario Munlcipal Board,
AND WHEREAS: the total estimated cost of such work is the sum
of $100,600,00.
THEREFORE THE COUNCIL OF THE CORPORATION OF THE TOWN OF AURORA
ENACTS AS FOLLOWS:
{1) That the Aurora Hydro--inectric Commission
be and they a.re hereby authorized to· purchase water heater units, .J6....
utility equipment and make extensions and improvements to HfV
the electrical distribution and street lighting ·systems 1960, _Al' ·
( 2) That the Treasurer may agree with any ,,:jf)
bank or person for temporary advances of money to meet the costA~0
of the work, pending the completion of it.
(3) That the debentures to be issued for the
.loa:n to be effected to pay for the cost of the wor}f., when completed,~
shall bear interest at such rate as the Council may determine and 1r~Jf5J
be made payable wi thln twenty years on the instalment plan, /.v
( 4) That this By-law will come into effect when . _.~h/
it has received the. approval by The Ontario Municipal Bo.ard. v/'iJ;{-1-b'
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READ A FIRST AND SECOND TIME THIS / b DAY OF ~ 1960. q
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READ A THIRD TIME AND FINALLY PAS SEn THIS 7 DAY
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CLERK
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