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1200-55 RaiseALoan
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1200-55 RaiseALoan
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12/24/2012 10:29:01 AM
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C - Council, Boards and By-laws
C - Council, Boards and By-laws - Date
1/21/1955
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 of essex for the year 1955.
C - Council, Boards and By-laws - Bylaw No
1200-55
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By-law
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JL W NUMBER 1200 <br />A BYLAW OF THE COUNTY OF ESSEX TO RAISE A LOAN TO MEET THE CURRENT EXPENDITURES <br />OF THE COUNTY OF ESSEX FOR THE YEAR 1955, <br />t5l'e <br />WHEREAS., it has been deemed expedient and necessary to raise a loan of a <br />Hundred Thousand(00 : 000,00) Dollars required to meet the Current Expenditures <br />of the County of Essex for the year 1955 <br />BE IT THEREFORE enacted by the Municipal Council of the Corporation of the County <br />fire � <br />of E ssex to borrow from the Chartered Banks w Bank, the sum of 20iw Hundred Thousand <br />( #e00 x.00) Dollars for the purpose aforementioned to meet the Current Expenditures <br />for the year 1955 by demand notes at the rate of Four and one- quatter(41 %) per centum <br />per annum, <br />2. That the Warden and Treasurer of the County of Essex be and they are hereby authorized <br />to enter into the necessary agreements to carry into effect the said loan, <br />3. That all revenues of the Corporation are hereby charged with the repayment of all <br />monies borrowed under the authority of this bylaw and the said Chartered Banksom Bank <br />are hereby declared to have a lien upon all the revenues until this said loan under the <br />authority of this bylaw be fully satisfied, <br />4, That Treasurer is hereby authorized and directed to apply so much of the revenues <br />of the Corporation as may be necessary in payment of the obligations of the Corporation <br />created as aforesaid. <br />A11 other Bylaws inconsistent� to this Bylaw are hereby repealed. <br />Passed in open Council this . ay of January 1955 A.D. <br />C_ <br />Warden <br />_ ICATE <br />I C. A. Keeley Clerk of the Corporation of the County of Essex., do hereby <br />certify that the foregoing Bylaw is a true and, correct copy of Bylaw Number 1200 <br />passed in open Council by the Essex County Council at its January Session., 1955 <br />
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