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1 6 Y #LAW MIBER 1265 <br />00 <br />A: BYLAW OF THE COUNTY OF ESSEX TO RAISE A SUPLEMENTARY LOAN TO MEET THE <br />CURRENT WENDITURES OF THE COUNTY OF ESSEK ROAD SYSTEM FOR THE YEAR 1957 <br />WHER AS it has been expedient and necessary to raise a <br />sum of y �c�n �'ec �� l�r. � <br />supplementary loan in the <br />fe e Dollars <br />required to meet the <br />Current Expenditures of the County Road <br />System during <br />the year <br />1957. <br />BE IT THEREFORE enacted by the Municipal Council of the Corporation of the <br />County of Essex as follo *�s. <br />is T hat it shall and may be lawful for the Corporation of the County of Essex to <br />borrow from any Chartered Banks or Bank the sun of <br />(n,'v, tzt) Dollars for the aforesaid purpose to meet the Current Expenditures of <br />the County Road System for the year 1957 by demand notes at the rate of Five and <br />bne -half (5) percentum per annum. <br />2. The Warden and Treasurer of the County of Essex bor and they are hereby authorized <br />to enter into agreements to carry into effect the said loan. <br />3. That all or any revenues of the Corporation are hereby charged with repayment <br />of all monies borrowed under the authority of this Bylaw and the said chartered Banks <br />or Bank are hereby declared to have a lien upon all the said revenues until the loans <br />created under the authority of this Bylaw are fully 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 <br />the Corporation_ created aforesaid. <br />Passedthis 29th day of October, 1957, in open Council. <br />' Clerk. % <br />CERTIFICATE <br />Warden. <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 1265 read <br />in the open Council of the County of Essex the necessary times and finally passed <br />at its October Session, 1957. <br />t f <br />C <br />