BYLAW - Authorize Borrowing - 19380523 - 82138L.F. 10 Rev, March, 1938.
Ont.
Municipal By-law for Current
Expenditures.
54308 Printed in Canada.
Municipality of ........ .............
......... ...........................................
BY-LAW No. ..... I ............. I...............................................
.
A BY-LAW to authorize the borrowing of $ ........................................................................
WHEREAS the Council of the Corporation deems it necessary to borrow the sum of
•.................. ...... ........ ...... 0 ......
to meet, until the taxes are collected, the current expenditures of the Corporation for the year;
A N D WH ER EAS the total amount of the estimated revenues of the Corporation as set
/< forth in the estimates adopted for the year 1 9 d.0.7, not including revenues derivable or derived
*NOTE: Insert am- from arrears of taxes, borrowings and issues of debentures is *o..o.o ....... o .......... oo-o ...... o ..... -.1 ............ 0..
ount of estimated
revenues for the
current year If ad-
4 va"
!ptedp If not those
000 0 46 0 it 0
last year. 0 0 0 •0 0*0610060o *o7kowo 0�7000009 0 100•VV0000 00#04 ..... ... 0 0*. ..9.00 00000000f..**.06.0.dollars
.
AND WHEREAS the total amount heretofore thorized to be borrowed this year for
... . ...... 0 . .. ..... . heretofore thorized to be borro
untEInt am - of preious the purposes mentioned in subsection (1) of Section 339 of The Municipal Act is...00......00..............0.
YLav8.Law(s) passed
this year.
...... 000 .......................... dollars, of which the Corporation has already
borrowed a total of .................... 0 -00. 000. 1 0 0 0 0 0 # ....... 6 ....... 0 . 0 ...... # ....... 0 ........... ........ s e ... * ....... 0 ... dol larsd
THEREFORE the Council of the Corporation of the........ I n.4*4 fto*- 47 .........................
of.................................•e..••...•eo•..•••...••••••.s•.•••.•••.rs...•aee.•.hereby enacts as follows:
1. The Head and the Treasurer are hereby authorized on behalf of the Corporation to
borrow from time to time, by way of promissory note, from the Bank of Montreal, a sum or
sum not exceeding in the aggregate...... . ....... A... �-...........................
v t�-- �1000
............. dollars tomeet, until the taxes are collected, the
current expenditures of the Corporation for the year, including the amounts required for the
purposes mentioned in subsection (1) of the said Section 339., and to give, on behalf of the Cor-
poration, to the Bank a promissory note or notes, sealed with the corporate seal and signed by
them for the moneys so borrowed with interest at a rate not exceeding ....... per centurn
per annum, which may be' paid in, advance or otherwise,