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1228-56 RaiseALoan
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1228-56 RaiseALoan
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12/24/2012 10:29:02 AM
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C - Council, Boards and By-laws
C - Council, Boards and By-laws - Date
1/20/1956
C - Council, Boards and By-laws - Department
Finance
C - Council, Boards and By-laws - Description
A bylaw of the county to raise a loan to meet the current expenditures of the county.
C - Council, Boards and By-laws - Bylaw No
1228-56
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By-law
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• �' NUMBER 1228 <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 1956 <br />Whereas, it has been deemed expedient and necessary to raise a loan of Five <br />Hundred Thousand ($500,000.00) Dollars required to meet the Current Expenditures of <br />the County of Essex for the year 1956 <br />Be it therefore enacted by the Municipal Council of the Corporation of the County <br />of Essex to borrow from the Chartered Bank or Banks, the sum of Five Hundred Thousand <br />($500,000.00) for the purpose afrementioned to meet the Current Expenditures for the <br />year 1956 by demand notes at the rate of Four and one- quabter(4- percentum per annum. <br />2. That the Warden and Treasurer of the County of Essex be and they are hereby <br />authorized to enter into necessary agreements to carry into effect the said loan. <br />3. That al-1 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 Banks or Bank <br />are hereby declared to have a lien upon all the revenues until this said loan under <br />the 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 />v This Bylaw shall carne into force and take effect as of the 1st day ofjKnuary, 1956. <br />All other Bylaws inconsistent to this Bylaw a are hereby replealed:. <br />Passed in open Council this 20th day of January, 1956. <br />-- Clerk <br />.. , .. _ ... .Warden <br />Certificate <br />I, C. A. Keeley, Clerk of the Corporation of the County of Essex, do hereby <br />certify that the foregoing is a true and correct copy of Bylaw Number 1228 passed in <br />open Council by the Essex County Council at its January Session, 1956. <br />`� -,_ Cle sse County <br />
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