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1073-50 RaiseALoanForRoads
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1073-50 RaiseALoanForRoads
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Last modified
12/24/2012 10:29:00 AM
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7/27/2004 1:57:06 PM
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C - Council, Boards and By-laws
C - Council, Boards and By-laws - Date
1/20/1950
C - Council, Boards and By-laws - Department
Finance
C - Council, Boards and By-laws - Description
A bylaw of the county of essex to raise a loan to meet the current expenditures of the county road system.
C - Council, Boards and By-laws - Bylaw No
1073-50
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By-law
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• •i <br />BYLAW NO. 1073 <br />A BYLAW OF THE COUNTY OF ESSEX TO RAISE A LOAN TO MEET Trig CURRENT <br />EXPENDITURES OF THE COUNTY ROAD SYSTEM FOR THE YEAR 1950, <br />WHEREAS it has been deemed expedient to raise by way of loan the sum of <br />.......... . ....� ...........00/1OODollars <br />(, " {....�......... .......} required to meet the Current Expenditures of the County <br />Roads System during the year 1950, <br />BE IT THEREFORE enacted by the Municipal Council of the Corporation of the County <br />of Essex as follows; <br />1. That it shall and may be lawful for the Corporation of the County of Essex to <br />borrow frem any Chartered Bank or Banks the sum of ....... <br />. ........00 /100(,.Q;�l.:..� .......) for the purpose <br />aforesaid to meet the Current Expenditures of the County Roads System for the year <br />1950 by demand notes at the rate of 4 percent per annum. <br />2, That the Warden and Treasurer of the County be and they are hereby authorized <br />to enter into necessary agreements to carry into effect the said loan. <br />3. That all and any revenues of the Corporation are hereby charged with the re— <br />payment of all moneys borrowed under the authority of this bylaw and the said <br />Chartered Bank or Banks are hereby declared to have a lien upon all the said <br />revenues until the loans created under the authority of the said bylaw are fully <br />satisfied. <br />4* That the Treasurer is hereby authorized and directed to apply as much of the <br />revenues of the Corporation as may be necessary in payment of the obligations of the <br />Corporation created as aforesaid. <br />PASSED in open Council this . PW.�.day of January, A. D. 1950, <br />1 ......... . . . . ...... ' <br />Warden <br />Zt C. A. Keeley, Clerk of the Corporation of the County of Esswc, do hereby <br />certify that the foregoing is a true and correct copy of bylaw No, 1073 read <br />the necessary times and finally passed in open Council of the Essex County Council <br />at its January Session, <br />•.a ►f y.. .�...... .. ..p ...N........ <br />Clerk of the County of $s0ex. <br />
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