BYLAW - Establish Aurora Hydro Sale Investment Reserve Fund - 20180424 - 607018The Corporation of the Town of Aurora
By-law Number 6070-18
Being a By-law to amend By-law Number 5439-12, to establish the
Aurora Hydro Sale Investment Reserve Fund.
Whereas on December 18, 2012, the Council of The Corporation of the Town of Aurora
(the "Town") enacted By-law Number 5439-12, being a by-law to establish the Aurora
Hydro Sale Investment Reserve Fund;
And whereas on April 17, 2018, the General Committee of the Town recommended to
Council to delete and replace section 7 of By-law Number 5439-12, as detailed in Report
No. FS18-015;
Now therefore the Council of The Corporation of the Town of Aurora hereby enacts
as follows:
Section 7 of By-law Number 5439-12 be and is hereby deleted and replaced with
the following:
117. That any expenditure or allocation of monies from the principal, or earned
interest portions of the Fund as specified in paragraph 5 of this By-law,
shall be made by resolution of Council, as adopted by a vote consisting of
affirmative votes cast equal to two-thirds (2/3) or more of the membership
of Council."
Enacted by Town of Aurora Council this 24t" day of April, 2018.
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Geoffrey Dawe, Mayor
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