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A BYLA~ OF TBECOUNTX OF ESSEX TO RAISE A LOAN TO ME~£ THE CURRENT <br />EXPE~DIT~ OF THE COUNT~ OF ESSEX FOR THE YEAR 1952e <br /> <br />WHEREAS, it, ~as been dee~ed necessary and expedient to raise a loan of <br /> <br />required to ~eet Current Expenditures of the County of Essex for the year 1952e <br /> <br />SE IT THEREFORE enacted by the Municipal Corporation of the County of Essex <br /> <br />as follows; <br /> <br /> 1, That it shall and ~ay be lawful for the Corporation of the County ,of Essex <br /> <br />te borrow from any Chartered Banks or Bank~ the sum of <br />'~-~'~%~-;~,-,;';,,eDollars($ ~,. ~ - ~-- ) for the purpose aforesaid to ~eet <br /> <br />the Current Expenditures for the year lY52 by demand notes at the rate of (4%) <br /> <br />Four Percent per Annum~ <br /> <br />That the Warden and Treasurer of the County of Essex be and they are hereby <br /> <br />authorized to enter the necessary agreements to carry into effect the said loane <br /> <br />That all revenues of the Corporation are hereby charged with the ~ <br /> <br />repa~ent of all ~onies borrowed under the authority of this b~la~ and the said <br /> <br />Chartered Banks or Bank are hereby declared to have a lien upon all revenues <br /> <br />until this said loans under the authority of this bylaw are fully satisfied. <br /> <br />The Treasurer is hereby authorized and direeted to apply so much of the <br /> <br />Revenues of the Corporation as may be necessary in payment of the obligations of <br /> <br />the Corporation created as aforesaid* <br /> <br /> Passed in open Council this ~,~'...da~ of January~ 1~52, A.D, <br /> <br />I, C. A. Xeeley~ Clerk of the Corporation of the County of Essex, do hereby <br /> <br />certify that the foregoing is a true and correct copy of Bylaw 1127 read the <br /> <br />necessar~ times and finally passed in open Council of the Essex County Council at <br /> <br />its January Sessiono <br /> <br />Clerk of the County of Essex <br /> <br /> <br />