BYLAW - Issue Debentures Land, Senior Public School - 19661003 - 170366:~,":',)
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THE CORPORATION OF THE ?OW!!! OF AURORA
BY-LAW NO. /7 t') gJ
A By-law to authorize the issue of.a Debenture
in the principal amount of·$ 52,000.00
for public school purposes
WHERE.AS the school board named in Schedule "A" attached hereto has
applied to the Council of The Corporation of tlle Town ~t AUI"':t:'a
to provide the SUlll of $ 52 1 000.00 by the issue of Debentures of the Corporation for
the public school purposes set out in Schedule "A" attached hereto and the Corporation
has approved of said application;
.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 $S:!.OOO.OO
bearing interest at the rate of $ l/2% per annUlll 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'
enacts as follows:
1. THAT for the purposes aforesaid money shall be borrowed on the credit of The
Corporation of the Ttmn ot AUI"Q:t:'a by the issue of a
Debenture of the Corporation in the principal amount of $ 52,000.00 bearing interest
at the rate of 5 l/2 % per annUlll payable semi-annually on the 1st day of Mlay
and 1st day of Novemhe:r in each year of the currency of the Debenture, upon th~.
principal amount from time to time remaining unpaid.
2. THAT the said Debenture shall be dated the let day of • 19 66
and shall be payable in 20 annual instalments of principal on the 1st day of liOVEll'!lbe:r
in the years 196? to 1986, inclusive, and the respective amounts of principal and
interest payable in respect of such Debenture in the. years 196? to 19 El6, inclusive,
shall be as set forth in Schedule "B" attached hereto.
3. THAT the said payments of principal and interest shall be payable in ~awful
money of Canada by cheques sent through the post to the registered address of the
registered owner of the Debenture and such cheques shall be payable at par in the City
of Toronto.
A-1
Name of school board
Purpose
THE CORPORATION OF THE ~ OF AURORA
BY-LAW NO.
SCHEDULE "A"
TotaL.App.rolT.ed.by
Amount of Debentures
Ontario Municipal Board
File No.
Ontario To be issued
Municipal Board Previously issued hereunder
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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 Schedule ''13" attached
hereto shall be levied and raised in the years 19 '67 to 1986 1 inclusive, by a specisl
rate sufficitmt therefor, over and above all other rates, upon all the rateaqle. property
assessed to public school supporters in the municip-ality at the same time a·nd .in the same
manner as -o-ther ·rates.
6, 'PHAT· the-said Deben.ture be sold to The Ontario Education Capital Aid Corp<;r}:'ation,
7. THAT the said Debenture ·shaH pontain a clause providing for the registration
···thereof pursuant to section 323 of The l'!unicipal Act, ,,
8. THAT application shall be made to the Ontario Municipal Board for appro:val
of· this By• law and for the ,,ce:r-tification of the Debenture to be issued fhereunder pursuant
to sections 58 to 60 of The Ontario Municipal Board Act,
9. THAT Schedules "A" and "B"· attached hereto, are hereby declared to be and to
· form part of this By-law,
_ENACTED this 3RD day of OCTOBER ' 1966
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A-2
THE CORPORATION OF THE
BY-LAW NO. 17o B
SCHEDULE "B II
1 2 3 4 5 6
PAYMENT DATE PAYMENTS ANNUAL AMOUNT
NUMBER DUE PRINCIPAL INTEREST TOTAL LEVIED HEREUNDER
l~ $ "" $ ~~,l 't;{'
Mayl, 1967 1;4.:30.00 li430.00
3,$60.00 '~,.·2 No?ember lA 1967 1,000.00 1;430.00 2;4)0.00
3 May 1, 196 1,402.50 1;402.50 "
4 No?amber 1+ 1968 2.ooo.oo 1;402.50 )j402.50 4,005.00
1 May l 196 . 1;347.50. 1;)47.50 .
Nove~er 10 1969 2,000.00 1;347.50 3;34.7.50 4,695.00
7 May 1, 197· • lj292.50 1;292.50 '
It November·li 1970 2,000.00 1;29ih50 3;292.50 4,ses.oo
9 May 1. 197 . 1,:a:n.;o lj2)7.50 .
10 November li 1971 z.ooo.oo li'237.50 ,,237.50 4;47'5.00
11 May 1, 197 ltt$2.50 1,ua.;o .
12 l!lovelliler ll 1972 a.ooo.oo l;llil2.50 3;U2.;0 4,365.00
13 .l\11,ly 1 ' 191 ' 1;127.50 1.127.50 .
14 November lL 1973 2,ooo.oo 1;127.50 3;127.50 4,255.00
15 May 1, 197 . li072.$0 l;012n50 ' 16 November 1~ 1974 2.ooo.oo 1,072~.50 )t07:!~50 4,145.00 1? Mayl, 191_ 1;017.50 1;017.$0 .
18 November 1' 1975 2,006.00 1,017.50 3,017.$0 4,03$.00
19 May 1, 197 ' 962. ~')() ·962.50 '
20 November 1~ 1976 z,ooo.oo 962.50 2,962.50 3,925.00
21 May 1, 19? 1))07.50 907.50 22 Nov$mberll1971 ;,ooo.oo 907.50 ),907.50 4,~us.oo
23 May 1, 197 Et25.00 ·825.00 14 November1~ 197!t ;,ooo.oo 82;.oo 3,tta;.oo 4,6so.oo
j !Jlay 1, 197 ' 142.$0 ·?42.;0 .
November ·i6 1979 ;,ooo.oo 742.50 3,?fl.50 4,4~5.00 May 1, 19 · . 660.00 ·6 o.oo ' zg Nov~unbe:r li 1900 3,000.00 660.00 ;,660.00 4,320.00 29 May 1, 198 ' 577.50 •571.50 '
)0 Nov~mbe:r li 19g1 3,000.00 577.50 3,571,.50 4,155.00 :n Mayill., 198 ' 495.00 •495.00 '
)2 November 1, 191!2 ;,ooo.oo 495.00 f.M~;.oo 3,990.00 )) May 1, 1983 . 412.50 · ua.so
34 November 14 19~ l.ooo.oo 412.50 3,412.50 ) ,82!$.00 3S May 1, 19tt )3().(:)0 -no.oo .
)6 November .lt 1984 4,000.00 :no.oo 4,))0.00 4,660,00
37 May lt 19as . 220.00 ·220.00 ' :;t November l& l9l'k5 4,000.00 220.00 4,220,00 4,440.00 39 May 1• 198 uo.oo 'uo.oo .
40 N OVil!lllibet" 1 , 19rui
' &u~o.gg ,UQ:£!2 haUO:OO , •• ?20.00 .
~~t.ogs;Mf.2 ~l&:.zo~=oo ~~~.m~aO.O ~s6 1 7Qh9.2
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ABCC*DEF-4
BEFORE;
W. T. SHRIV.SS,
Member
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ONTARIO
THE ONTARIO MUNICIPAL BOARD
IN THE MATTER OF Section 5$ o£
The ,Ont<U'io Munioi;;al Board Act,
(H .... o. 1966, c. 2 4J
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IN THE MATTER OF an application by
The Corporation o£ t~e Town o£
Aurora for approval of By•law
170.3-66, passed on the ,3rd day of
October, 1966, providing for the
issue of debentures in the amount
of $52,000.00 for public school
purposes
G 198-66
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Tuesday, the 8th day of
November, 1966
W. H. J. 1'HOMPSON, Q,C,,
Member ~
THE BOARD ORDEP..S, under and in pursuance of the legis-
lation hereinbefore referred to, and of any and all other powers
vested in the Board, that the said By-law 170.3-66 be and the same
is hereby approved.
ACTING SECRETARY
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B E F 0 R E:
ONTARIO
THE ONTARIO MUNICIPAL BOARD
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IN THE MATTER OF an application
by The Corporat:l.on of the Town
or Aurora for approval of:
(a)
(b)
the purchase by The Aurora
Public School Board or part
of Lot 28, Wellington Street
West. according to Plan 246
for a school &ite at a cost
of $52,000, and
the borrowing by the applicant
or the sum of $52,000 for such
purpose
J. A. KENNED!, Q.c.
Chainna.n
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V • S. MILBURN
Member
Wednesday, the 3rd
day or August, 1966
UPON the application of The Corporation of the Town
of Aurora and upon consideration of the material filed;
THE BOARD ORDERS, under and in pursuance or the
legislation hereinbefore ref$Z'red to, and of any and all
other powers vested in the Boardt that the said application
be and the same is hereby granted; and
(a.) that The Aurora Public School Board may now proceed
with the undertaking and exercise all of its powers in
connection therewith; and
(b) that The Corporation of the Town of Aurora may pass all
requisite by-laws, including by-laws providing for the issue
of debentures in a principal amount not exceeding $52,000
repayable over a term of not more than twenty years. and may
bo~row money to the extent sufficient to provide an amount
not exceeding $52,000 thereto~; provided;
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ONTARIO
THE ONTARIO MUNICIPAL BOARD
l. that the said corporation may borrow the whole or
any part of the said sum of $$2,000 as required
pending receipt or subsidies and the sale of
debentures, or of moneys to be received from any
other source. and
2. that the corporation and the school board in
exercising any power approved by this order shall
comply with all statuto~ and other legal requirements
related thereto.
{Jd
ACTING SECRETARY