BYLAW - Fire Truck - 19660919 - 1700A66THE CORPORATION OF THE TOWN OF AURORA
BY-LAW NO. 1700A
BEING A BY-LAW TO AUTHORIZE THE BORROWING OF $26,086. TO PROVIDE FOR THE PURCHASE
OF A FIRE PUMPER.
WHEREAS THE COUNCIL OF THE CORPORATION OF THE TOWN OF AURORA HAS BY RESOLUTION AUTHORIZE
THE PURCHASE OF A COMBINATION FIRE PUMPER.
AND WHEREAS IT IS DEEMED EXPEDIENT TO BORROW FOR THE SAID PURPOSE A SUM NOT
EXCEEDING $26,086.00. UPON THE CREDIT OF THE CORPORATION TO BE RAISED BY WAY OF
PROMISORY NOTE: ; .
THEREFORE THE COUNCIL OF THE CORPORATION OF THE TOWN OF AURORA ENACTS AS FOLLOWS:
1. THAT A SUM NOT EXCEEDING $26,086.00. BE BOBROWED FROM THE TOWN OF AURORA WATERWORKS
RESERVE FUND FOR THE PURPOSE AFORESAID.
2. THAT THE LOAN OF $26,086.00. BE REPAID OVER A PERIOD NOT EXCEEDING TEN YEARS.
3. THAT PROMISORY NOTES IN THE AMOUNTS SHOWN IN SCHEUDULE "A", ATTACHED TO AND PART
OF THIS BY-LAW, BE DRAWN IN FAVOUR OF THE TOWN OF AURORA WATERWORKS RESERVE FUND,
AND EACH OF THE SAID PRbMISORY NOTES TOGETHER WITH INTEREST THEREON SHALL
BECOME DUE AND PAYABLE AS SHOWN IN THE SAID SCHEDULE A.
4. THAT EACH PROMISORY NOTE SHALL BEAR INTEREST AT THE RATE OF 6% PER ANNUM
5· THE CORPORATION OF THE TOWNNOF AURORA SHALL LEVY ON ALL THE RATEABLE PROPERTY
IN THE MUNICIPALITY AN AMOUT OVER AND ABOVE ALL OTHER RATES SUFFICENT TO
MEET SUCH PAYMENT INCLUDING INTEREST.
6. THAT EACH PROMISORY NOTE SHALL BE SEALED WITH THE SEAL OF THE CORPORATION
SIGNED! BY THE HEAD OF THE COUNCIL OR BY SOME OTHER EERSON AUTHORIZED
BY BJ-LAW TO SIGN THE SAME AND BY THE TREASURER.
ENACTED AND PASSED THIS 19TH DAY OF SEBi'EMBER, 1966
MAYOR CLERK
•.
TOWN OF AURORA
BY-LAW NUMBER 1700A-66
TERM 10 YEARS SCHEDULE "A" RATE 6%
YEAR PRINCIPAL INTEREST TOTAL
,_,,,,_,_,,
f, .3:J { 0 60/ ! 66.CV 0 CFO
... "--1967 1,886.00 1,565.16 3,451.16
1968 2, 000.00 1,452.00 3,452.00
1969 2,100.00 1,332.00 3,432.00
1970 2,300.00 1,206.00 3,506.00
1971 2,500.00 1,068.00 3,568.00
1972 2,600.00 918.00 3,518.00
1973 2,800.00 762.00 3,562.00
1974 3,000.00 594.00 3,594.00
1975 3,200.00 414.00 3,614.00
-.-::--~
1976 3,700.00 222.00 3,922.00
26,086.00 ?.533.16 35,619.16 -
DATE DUE ANNUALLY -AUGUST 1ST.