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BYLAW - Authorize Construction of Sanitary Sewers on Tyler St. - 19530504 - 115953~-- BY-Lilw -liUilllllili /;~7 of the Municipal Corporation of the •;:own of Aurora BY-LiiW TO EUTHOBIZE THE OOliST.IDCTIOlJ OF SAi'liTARY SEWERS Ul1 ei!YLlili i;l'!"df>Nl' ~110M LOT 29 .P!Jilq 30 westerly to the W,;sterly limit 'of Tyler street as shown on Plan 30, for the Town of A~ona as a Local Improvement under the ~rovlsions of the Local Improvement Act. WHEREAS at least two-thirds in number of the owners representing at least one half of the value of the lots miable to be specially assessed and others have petitioned the Council to construct, as a local improvement, the work hereinafter described, and the clerk has certified that the ~tit ion is sufficient • AND WHEREAS it is expedient to grant the prayer of tha Petition in manner hereinafter provided. :tHEHEJORE THE lYUlUClJ?AL CCUUCIL OF '.i'HE CORl:URA'l'IOll U~' 'i'Hi> 10\/l~ OF AUROHA l!ONACTS AS HlLLOWS: 'i:hat sanitary sewers, having a sectional area of eight inches, be constructed on Tyler Street from Lot 29 .Plan 30 Westerly to the westerly limit of iyler street as shown on said Plan 30, for the Town of Aurora, a distance of 405 feet and that private sewer connections be constructed in connection there- with as local improvements(on petition) under the provisions of The Local _ Improvement Act. 2. That J~essrs. Proctor, .riedfern & Laughlin be and they are hereby appointed the Engineers to forthwith make such plans, profiles and specifications and furnish such information as may be necessary for the making of a contract for the ex- ect.tion of the said work. 3. That the work shall be carried on and executed under the superintendance and according to the directions and orders of such engineers. 4. That the Mayor and Clerk are authorized to cause a contract for the con- structlon of the work to be made and entered into with some psrson or persons, firm 1 -2 - or corporation, subject to the approval of this oouncil to be declared by ,;\C. .B.esolution. 6. 'i!he :treasurer may agree with any bank: or person for temporary advances of money to meet the cost of the work periding the completion of it. /.l f ,~ 7. :l!he special assessment shall be paid by ,4it~'"~ual instal-~ ment s. e. The debentures to be issued for the loan to be effected to pay for the cost of the \rorkwhen completed shall bear interest at such rates -/_ ) .l' " as the O()uncil may determine and be made payable within a;::;;"',years on the instalment plan. 9. Any person whose lot is specially assessed may commute for a payment in cash, the special rates iraposed thereon by paying the portion of the cost of construction assessed upon such lot, without the interest, forth- with after the special assessment roll has been certified by the Olerk, and at ~ any time thereafter by the payment of such sum as when invested at Jc'"&r f,jf)),_ Ce?<J:~ per annum will provide an annuity sufficient to pay the special rates for the unexpired portion of the te1m as they fall due. Read a first and second time this 3 day of L'lovember, l952o ::Y·#-!!!5. . Clerk head a third time and finally passed 4_ ~ ~ . 1'1->-~ thi~dcy of .l\l~vemb~r, 1952. ··~ -'1. ~· / /'---.. w v L.F. U Dec. 1931 0NT. Municipal By-Law for Temporary Advances under Local Improvement Act. 40084 Printed In Canada BY-LAW No .. .../!.?..j ......... .. A BY-LAW authorizing the obtaining of temporary advances to meet the cost of certain works undertaken as a local improvement pending the completion thereof. WHEREAS the Municipal Council of the Corporation of the of A V ~ o ~It has passed Construction By-law Number , copy of which is annexed hereto, authorizing the construction of the works described in it as a local improvement under the provisions of the Local Improvement Act, the estimated cost of which works is$ lo"-'6· """- AND WHEREAS it is desirable to agree with a bank for temporary advances to meet the cost of the said works pending the completion thereof . . BE IT THEREFORE ENACTED by the said Council as follows: 1. The Head and Treasurer of the Corporation are hereby authorized to obtain from the Bank of Montreal temporary advances at a rate or rates not exceeding (? ~ per cent per annum. represented by a promissory note or. promissory notes or by way of overdraft or otherwise\ "'{'(\ • notexceeding ~ ~1 ~ .-;::.....,<.c.,-J-e, . .. • · dollars to meet the cost of the said works pendind the completion thereof. 2. A promissory note or notes or other vouchers, sealed with the Corporate Seal and signed on behalf of the Corporation by the Head and Treasurer thereof, for the advances from time to time obtained under the authority hereof and interest thereon, may be given to the said Bank providing for the repayment of or representing the said advances with interest thereon as aforesaid. 3. The Treasurer of the Corporation is hereby authorized and directed to apply first in payment of such advances with interest thereon as aforesaid all moneys borrowed on credit of the Corporation to repay such advances and to defray the cost of the said works a all oneys from other sources properly applicable to the cost of the said works. Passed by the said Council this (Mayor or Reeve as the case may be.) I certify that the foregoing is a true copy of a By-law passed by the Council of the Municipal Corporation of the of on the day of 19 and that the paper-writing hereto annexed is a true copy of Construction By-law Number passed by the said Council on the day of 19 Clerk