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BYLAW - Debenture Public School - 19660725 - 169666~""'\ I THE CORPORATION OF THE ~WN OF AURORA BY-LAW NO. I 6 1 6 -' {, A By-law to authorize the issue of a Debenture in the principal amount of $ 280,000.00 for public school purposes WHEREAS the school board named in Schedule 11 A11 attached hereto has applied to the Council of The Corporation of the Town of Aurora / to provide the sum of $ 280,000.00 by the issue of Debentures of the Corporation for I the pub1ic school purposes set out in Schedule 11A11 attached hereto and the Corporation has approved of said app;Lication; AND WHEREAS for the purposes aforesaid the Council now deems it expedient to borrow money by the issue and sale to The Ontario Education CapitAl Aid Corporation of a Debenture of this Municipality in the principal amount of $ 280,000.00 bearing interest at the rate of .5t % per annum payable semi-annually, which is the amount of the debt intended to be created by this By-law. NOW THEREFORE the Council of The Corporation of the Town of Aurora enacts as follows: 1. THAT for the purposes aforesaid money shall be borrowed on the credit of The · Corporation of the Town of Aurora by the issue of a ~~tl~ Debenture of the Corporation in the principal amount of $ 280,000.00 bearing interest at the rate of % per annum payable semi-annually on the 1st day of February and 1st day of August in each year of the currency d,:f the Debenture, upon the principal amount from time to time remaining unpaid. 2. THAT the said Debenture shall be dated the 1st day of August , 19 66 . jl./ and shall be payable in 20 annual instalmenis of principal on the 1st day of August !1/.ff) /./) /l!fl,/f"{p in the years 19 67 to 19 · 86, inclusive, and the respective amounis of principal and < interest payable in respect of such Debentul'e in the years 19 67 to 19 86 , inclusive, shall be as set forth in Schedule "B" attached hereto. ). THAT the said payments of principal and interest shall be payable in lawful 1 ,;;' 'jj'0' money of Canada by cheques sent through the post to the registered address of the ,J;i .}' :.::7 . registered owner of the Debenture and such cheques shall be payable at par in the City of Toronto. // 4. THAT the said Debenture shall be sealed with the Seal of the Corporation an~_AJ)rff shall be signed by the Head of the Council or by some other person authorized by By-iaw to sign the same, and by the Treasurer. A-1 "'"'} 5. THAT all sums required to pay off the instalments of principal of the Debenture and to pay interest thereon as set out in the sixth column of E!chedule ''B" attached _.#1~ hereto shall be levied and raised·in the years 1967 to 19 86 , inclusive, by a special rate sufficient therefor, over and above all other rates, upon all the rateable property assessed to public school supporters in the municipality at the same time and in the same manner as other rates. ~~; 6. THAT the said Debenture be sold to The Ontario Education Capital Aid Corporatto~,f~~ registration///. i,/; ~{ 7. THAT the said Df;,benture shall contain a clause providing for the . /}Ptrfl! thereof pursuant to section 323 of The Municipal Act. B. THAT application shall be made to the Ontario Municipal Board for approval of this By-law and for the certification of the Debenture to be issued to sections 58 to 60 .of The Ontario Municipal Bo~rd Act, 9. THAT Schedules "A" and "B" attached hereto, are hereby declared j:.o be and fonl) part of this By-law. ENACTED this 25th day of July c;? .~. A-2 (Seal) ' 19i 66 ' . . . . . . ~ . . . . . . ~ . Name of school board The. ~in-ora Public School Board Purpose l. !!he construction and equipment of an addition to the Aurora Heights Public School consisting of 4 classrooms. 2, The construction and equipment of an addition to the Regency Acres Public School consisting of 8 classrooms. THE CORPORATION OF THE Town of Aurora SCHEDULE "A" Ontario Municipal Board File No. F 66.52-65 F 6468-65 ·' .-. -- Total Approved by Ontario Municipal Board $100,000.00 $180,000.00 $280,000.00 :Amount of Debentures Previously issued NIL NIL NIL To be issued hereunder $100,000.00 $180,000.00 $280,000.00 ..-----------··------·-~-----·--------·----------··------; -;:.c-·----\ -. . " ·~ . 'THE CORPORATION OF THE Town of Aurora BY-LAW NO, lb ~b; b ~ SCHEDULE "B" 1 2 3 4 5 6 PAYMENT DATE PAYMENTS ANNUAL AMOUNT l'<~ljMBER DUE PRINCIPAL INTEREST TOTAL LEVIED HEREUNDER \~. t l February 1, 1967 $ -$7,700.00 $7,700,00 $ ~-~ AilgUst 1, 1967 8,000.00 7,700.00 15,700.00 23,400.00 2 3 February 1, 1968 7,480.00 7,480.00 4 August 1, 1968 9,000.00 7,480 .oo us, 480. 00 23,960.00 5 . February 1, 1969 7,232.50 7,232.50 6 August 1, 1969 9,000.00 7,232.50 16,232.50 23,465.00 7 February 1, 1970 6,985.00 6,985.00 8 August 1, 1970 9,000.00 6,985.00 15,985.00 22,970.00 9 February 1, 1971 6,737.50 6, 737.50 10 August 1, 1971 10,000.00 6,737.50 16,737.50 23,475.00 ll February 1, 1972 6,462.50 6,462.SO 12 August 1, 1972 n,ooo.oo 6,462.SO 17,462.50 23 ,925eo 13 February 1, 1973 6,160.00 6,160.00 14 August 1, 1973 ll ,ooo .oo 6,160 .oo 17,160.00 23,320.00 15 February 1, 1974 S,857o50 s ,8S7 .so 16 August 1, 1974 12,000,00 5 ,8S7 .so 17,857 .so 23. 71S .oo 17 . February 1, 197S s ,S27 .so s ,S27 .so 18 August 1, 197S 12,000.00 s,S27.so 17 ,S27 .so 23,05S.OO 19 February 1, 1976 s ,197 .so S,197.50 20 August 1, 1976 13,000.00 s ,197.so 18,197 .so 23,395 .oo 21 February 1, 1977 4,840.00 4,840.00 22 August 1, 1977 14,000.00 4,·Blf.O.oo 18,840.00 23,680.00 23 February 1, 1978 4,45S .oo 4,4ss.oo 24 August 1, 1978 14,000 .oo 4,4ss.oo 18,45s.oo 22,910.00 '5 February 1, 1979 4,070.00 4,070.00 ' c-<!6 August 1, 1979 15,000.00 4,070.00 19,070 .oo 23,140.00 27 February 1, 1980 3,6S7oSO 3,6sV.50 28 August 1, 1980 16,000.00 3,6S7o50 19,6S7.SO 23,315 .oo 29 February 1, 1981 3,217.50 3,217.50 30 August 1, 1981 17,000.00 3,217.SO 20,217.SO 23 ,43S .oo 31 February 1, 1982 2,750.00 2,750.00 32 August 1, 1982 18,000.00 2,750.00 20,7SO.OO 23,500.00 33 February 1, 1983 2,25S.OO 2,25S.QO !')4 August 1, 1983 19 ,ooo .oo 2,255.00 21,25S.OO 23 ,S10 .oo 35 February 1, 1984 1, 7)2.50 1,?32.50 36 August 1, 1984 20,000.00 1, 732.50 21 ,'(32.50 23,465.00 37 February 1, 1985 1,182.50 1,182.SO 38 August 1, 1985 21 ,ooo.oo 1,182.SO 22,182.50 2J,36S .oo 39 February 1 , 1986 605.00 605,00 40 August 1, 1986 22 1000,00 60,2 .oo 22 1 60S.OO 2~1 210,00 $280 1 000,00 $188 1 210.00 il+68 1 210.00 1468 1 210.00 ABCDEF-4 : . ,,_ \._,' F 6468-65 ONTARIO THE ONTARIO MUNICIPAL BOARD IN '!'HE ¥lATTER OF Section 58 of The OntariF?Munig~al .Board Act; (R:S.o. 19 o, c. 2 4) .. and .. IN THE MATTER OF an application by The Corporation of the Town or Aurora tor approval of its Sy-law 1696-66, passed on the 25th day of July, 1966, providing for the issue of debentures in the amount of $280,000.00 for public school purposee B E F 0 R E : A. H. ARRELL, Q.C., Vice-Chairman -and- W. T. SHRIVES, l>iember ~ I Wednesday, the 31st day of August, 1966 THE BOARD ORDERS, under and in pursuance of the legislation hereinbefore referred to, and of any and all other pot1ers vested in the Board, that the said By-law 1696-66 be and the same is hereby approved.