BYLAW - To provide Discounts for the prepayment of taxes - 19400422 - 84440BYLAW TO PROVIDE DISCOUNTS FOR THE PREPAYMENT
OF T.AX:EJS FOR THll: Mi.JNICliPALITY OF AUR~ FOR THE YEAR ~940 •
WHEREAS the counciL c:r an ~ganized minicipaLity has power to provide for
R.s.o.~937 a system of discountaoClijaP..2.72.sea.ll3,.sab.sec.a; for the prepaj;mentn of taxes
during the c.urrent year,.to ensure an ear~ payment of a large proportion of
·the taxes;
.AliD WHEREAS the aounci~ of the co;p!P(Ir~;t.tion of the town of Aurora. did provide
by resoLution da.ted,1iia.rch 4thol940.that a. system of disoounts be ~~owed for
aJJmmg:d • ~ents on ·or before certain dates·;
AND WHEREAS a. Byl.a.w is neeess:a.ry to give ei'feet to the dates provided and to
1. • ~ -
the amounts of the di.scounts ~~owed for suah prepayments;
THEREFORE THE :liiUl'iiCIPAL COUNCIL OF THE COPRORATION OF THE TOWN OF AURORA
EN'ACTS AS FOLLOWS:
tljll/ i.Tn.at a. ci:i.soomit of two per cent on all pa;yments,up ta the tata~ amount of
the taxes on ~ property,be al~owed on the money paid,on or before ~ ~5th.
~940;
~f?;/Y 2. That a discount of one per cent on ~~ paymetJts ,up to the remaining
tota~ of the taxes of 1940 on ~ property,be allowed on all payments ma.de
during the period~ ~6th.t0 August 15th • ~940,inclusives
t:fj~ Jl s.Tbat taxes be a.caepted ,in installment or in :f'u.ll,at the net amount. on
the face of the tax bi~l from August ~6th10to December ~4th.inclusive.
<1;!/.J! 4.Tbat a. pena~ty of !lour per cent as prescribed by provincia.~ statute be
1'/ placed aga.ina:t all current taxes rema:i,ning unpaid on and after Deca5th.l940.
c:fl$/ 5th.Tbat ,according to provincial statute parrears of taxes bear interest
l/ on and after January ~st. at the rate of one half of one per cent for each
i month or part Of the month :i.n which they remain unpaid.
Dated at the Town Hall ,Aurora, this ;;2 I)~ day of April 1940 • .
Passed at the Twom hall,Aurara,this ".<JM.I( day o:r April 1940.
-w..~ Me¥ or Clerk