BYLAW - Authorize the Borrowing of $75,000.00 - 19460716 - 94946LS.10 Rev. March, i9ss.
Ollt. ..
MuniCipal By"law for Current>
Expenditures.
68116 Printed in Canada.
· ··Municipality.ot.. .... 't.9.~ ... ~.~ ... :A:~~~?.r.~ ............ , ................... .
8'(-LAW .. N() ..... ~~2 ... :.: ................... , .......... , .. , ......•. , .................... .
A BY-LAW to authorize the borrowing of $ .... 7.::6.~ .. ~ ... ~ ...................................... ..
t-_.y::·.--__ '(i ~;;._.\_ ._-,---~-',_-;_' --_., -_, ----.-:.,._~;:, < ,,_. ' ___ · -·-_-·-_!-,:} __
WHI::REAS the Council of the Corporation deems it necessary. to borrow the sum of
.§~Y.!'!.J;}:lfY.ft:f.;\;Y..f?. ... !-.h9.1J.I?.~4. ... 9.Q/;!..Q9. ... ::-........ :::., ..... ,: ....... ::: ........ : ... c .... ::' ••••••• :;: ............. dollars
to meet, until the taxes are collected, the currentexpenditures of the Cor~9ration..for the ¥ear;
AND WHEREAS the total amount of the estimated revenues of the Corporation as set
forth I~ th~estimates adopted for the y.~ar \9:H.~:.; ~ot i~~l~dlng revenues deriva~l~ ~r derived
•NoTE: 1"''"1 .. ,_ '" · .. ··. , • ····. ·· • • <· : ·~E:J';h:t:#~hv~Ytb.oU's~h!i ount of .. osumatod, ·fr91Jl ;~rrears of, ~~S, . bprrowmgs, ,and .. IssUes . .Qf .. de be.ntUres IS, ..... ~, .. ,..1! .. , •. , ........... ., ....... ,, .. , .... ,., .... , ·.
revenues· for the,·. , . -_ 1 .. _ .. _. ,_ · . ourront ,.., If ad-··oo lOO· ---- -:r-~:t-~~~~~ those -.................................... :·························································································································d~!_lars.
AND WHEREAS the total amount heretofore authorized to be borro\Yilci thi~ '}te~·~ for
c~rE;,I~~~r..-::; ;the .• pU[p()SBl! mentioned in subsection {1) of Section 339 of The Municipal Act is.l!!.l:?:*.i!?il!J.Y.. ......
~iJt;Law(s) passed-· -· · .. •• ,..,, · ~~,§. .. :'fi.~.@!?.?.P..9. .... 9..Q/;1...9.9 ..................................... dollars, ofwhich.the Corllora:tion.l)as alr~!ldY . #, -.... ····· ....... ·;.;.·
borrowed a total of.. ..... J .... ,.~ .................................................................................................. dollars.
THEREFORE the Council of the Corporation of the ..... J.M:.-.-.. ~ ... ~
of .................................................................................... 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 Prom.issor,y note, frpm the Bank of Montreal, a sum or
. s.~m~ 'llot'··~'~9~~?!11~ ..•. ·i~.J~·~ .. ·~g~~~~~t~:::t.P.;~;itit~f~.~:~ ............................... :::: ... : ..•...........•. : ...... :; ..
\)H .'·-~:·,-: <:-::t:·,-; ~---i":'-·>-:-i· -;-._,._\'-'1"-·-iC'-.·.:':·._,: ___ :_,_._ -'.:
·••·•·"''····•·•'•'·'·''··•'''"·'''····•••··· ·"''·'·'''··''''··'·'··''''·•••d.ollars .,to.• meet; until •the .. taxes ·are •• collected, .. the
current expenditures of thil'C6r'poratiorlfor'the year, including the amounts required for the
poratidn,Lto tHe Bank•a•promissory note'or riotes)'sealed'witfi tl)e c6rporate se.iil. and .sigije(r~.Y ·-· -::·---··-/.·, ·,·_,-, "-·-· ,,.--.----· ,:.· ;,,_, -··"'"'·-'·i'X>i--' · ,·_.,, ·,•---:."·-•-. ··<·: .-· -.·.··<.··.c.-.,-•. ;,,,,._,,---,
tliein fHr the moneys sg ,b.orro'f.~~ ,.fith i~~~~.~· ~~ .• a,. ~~te f10t ~~!llle~in~:: ... ·/:t~.···:;:.~.r !lllf!t~rn
r)e'rallriuin, which ma'y b~ ~aidill~d~aricerintherwise.
I 2. .. ,11.11 sums borrowed from the said Bank, for any or all of the purpost1s mentioned in the
said Sectig(l,339, shall, with interest thereon, be a charge upon the whole of the revenues of the
Corporationfor th!l currert year and for all preceding years, as and when. such revenues are
received. ·· ·. · · ·
':• 3;)i\tf1e.>rtEi~lil-er is hereby authorized and directed to apply in. payment of all sums
borrowed pursuant to the authority of this By-law, as well as all other sums borrowed in this year
anq any,pr~yjQl!B y~ars, from the. said. ~ank for any .or alt gf the ,purp~ mentioned in the said
SectiOil 339; toljether With interest thefeori, all of the· moneys hereafter collected or received on ···(··· ..•. ·~c .. " ~f~~~ri~:~;;~~::!:!~~~~~!'~~~Me:~iXJiUr0:o!!i~i~~~~~~:~ ~;~~~Y~!i:~~::f:;:u:~
purpose.
~""'-L;(;~
. ,· :-(_.·:, ;_-, _:, ~
~CORPORATE SEAL
•,",
;:? .n ••• :.•'i:.:·u•:•l:.!
tiD!) of ..... ~o:wn.,.of. .. ,Aur.o.ra ............................... in the Province of Ontario, duly passed at a :n )1 T.rMeti'n!\-FofJ.fhe~Couriciliot ttne'said Corporatioh duly held, arid that the said By-law iS 'in .full
.. 'force and effect.
0
sect. 339 Of
Chapter 266; R.s.o.
1937o
:~;-,---,
Oatsd.this ...... S.1x:t.es.nth ............................ day of ........... !!.J..\.J,Y. .............................. 194iL
,:~--:;,,--hFL:A;<I<(-}:~~7\)-·} -"i_.-L-.· :_ -: -__ , .:_. .: ':._ .-,;,--
ASwitness'tne Seal of·
tne. . .()orporation.
CORPORATE SEAL
El<TRAGTSFAoM THE MUNICiPAI.:C AGT'Rll.b. \~37. {;
,'> :curre~t ; (i} ,A,,!>Ouncil may by by-law either befombr•after the .p~ing.oMhe bY-law for imposing the rates for the cu:r~rt-~:Year autfi'~fi~J-the head and·tl-eaSui8r··to"borrOvJ:·froffi titnB_:tO tirrl9 by way of-promissory note·such·soms as
the coiJncil may deem necessary to meet, until the taxes are "?llecled, the currentexpendltures of the oorporation
fo __ r.·thB_-year,.--including-the amounts-required-for sinkirig~.fLu1dr principal-and inten.:t-Jallirig.due within·'.th8:'.y8ar(up0t\--:;
any-dilbt of the corporation, school purposes, special tates purposes, an~ for any board, commission or body and
bor~ow_inga
other pyrPOS<>Sc.f~r l(lhich the•C<\rporatio,n;. is !"',9~\red by l<l\(1 to,provide.; .. , , .... ,
~ ._ ., .,_.,.,.,, ,_
,Ef%'-!)lt/U Authorizing the' ·
Borrowing of $.:l.~:.,89Q.~,9.9 .. ~ .... : .................. .
>• ' •••• -' ;, ·-"·'
".!idS
For Current Expenditures for 19 .. ~§
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OF
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