BYLAW - Authorize the Borrowing of $17,000.00 - 19471006 - 98247.. -~
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BY-LAW =liU.MB==iilll.,___9_£..=C2-...
of the iJunicipal Corporation of the
Town of .Aurora.
A BY-LAW TO AUTHORIZE THE BORHONING OF ,1{;'/7 tJ 00 &;"' .DOLLAllS.
WHEREAS by By-Law Nunioer 977. the Council of the Corporation
authorized the borrowing of Seventeen 1'housand ($17,000.00) Do:!,lars, upon
Debentures, for school purposes,
Al'JD WHEREAS. such By-Law has received the consent of The i.iunicipal
Boar do
,;l'JD WHEREAS pursuant to Section 337 of The Municipal Ect, a Council,
pending the sale of a deoenture, or in lieu of selling it, may, by By-Law or
l(esolution, authorize the nead and Treasurer to raise money by way of loan Cllll such
debenture and to hypothecate it for the loan.
THEREFORE THE ioUNICIPAL COuNCIL OF THE CORPORATIOH Q:F' THE TOWN
O:F' AUliORA HEREBY ENACTS AS FOLLOWS:
1. THE Head and the :i'reasurer are hereby authorized on behalf of the
Corporation to borrow· from the Bank of ~om real the sum of
Dollars by w~ of loan on such debentures and to hypothecate,
f]"\Jd.
if nece JSc~ry, the
• • debentures for the loan.
2. That the monies,raised as aforesaid, shall be paid by the liead i
~ and the Treasurer on account of the Aurora Pu.blic School expenses for which By-
Law No. 977 was passed.
Dated at the Council Chambers, .. iiuror?-, this 6th day of October,1947, I
Passed at the Council Chambers, Aurar a, this 6th day of Octqber,l947,
zt?;l:J l
MAYOR CLERK