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A BYLAW OF THE 00UNTY OF ~.SS~X TO RAISW. A LOAN TO MEET THE CURN~f <br /> <br />EXPENDITURES OF THE COUNTY OF ESSEX ROAD SYSTEM FOR THE YEAR 1952e <br /> <br /> WHE~FAS, it_has been deemed.~xpedient to raise by wa~ of loan the sum <br /> <br /> required to meet the Current Expenditures of the County Roads ~ystem during ~he <br /> year 1952, <br /> <br /> HE IT THEREFORE enacted by the Municipal Council of the Corporation of the <br /> County ef Essex as follows; <br /> <br /> 1, That it shall and may be lawful for %he Cerporation of the County of <br /> <br /> ~:J~> . ~,.~ :l' ,.~ 2- ~ "~'~3 ~- ) for the purpose <br />~. ... o....~i.~.... ~ .~ o,. mollars($ .... ......... <br /> <br /> aforesaid to meet the Current Expenditures of the County Road System for the <br /> year 19%2 by demand notes at the rate of (4%) Four Percent oar annum. <br /> <br /> 2e The ~arden and the Treasurer of the County of Essex be a~i they are <br /> hereby amthori~ed to enter i~to necessar~ agreements to caz~y into effec$ ~he <br /> said loans <br /> <br /> 3e That all and any revenues of the Corporation are hereby charged with <br /> repayment of all moneys borrowed under the authority of this byla~ and the said <br /> Chartered Bar,ks or Bank a~e hereby declare~ to have a liem upon all the said <br /> revenues ~ntil ~he loans created under the authority of the said byla~ are <br /> f~lly satisfied° <br /> <br /> 4e That the Treasurer is hereby authorized and directed %o apply as much <br /> <br /> of the revenues of the 0o~pcra%ion as ma~ be necessary in payment of the <br /> obligations of the corporation created as aforesaid° <br /> <br /> passed in open Council this .,.'~.-~.o.oday of January, 1952, A.De <br /> <br />Clerk <br /> <br /> I, C. A. Keeley~ clerk of the Corporation of the County of Essex, do <br />hereby certify that the foregoing is a true and corree% copy of Byla~ 1128 <br />read the necessary times and finally passed in open Council of the Essex <br />County Council at its Jan,;~ry Session° <br /> <br />Clerk of the County of Essex° <br /> <br /> <br />