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A BY-L~ OF THE COUNTY OF ESSE~ TO RAISE A LO~ TO <br />~EET THE CURR~.~T EXP~DITRUES OF THE SUN PARLOR HO~ <br />FOR S~2~IOR CITIZENS FOR THE YEAR 1960. <br /> <br /> '~TEREAS it has been expedient and necessary to raise by way of <br /> <br />a loan the sum of Seventy-five Thousand Dollars ($75,000.00) requLred to <br />meet the current Expenditures of the County oi~ Essex Home for Elderly <br />Citizens during the year 1960. <br /> <br /> BE IT THEREFORE ENACTED by the Municipal Council oI' the Corpora- <br />tion of the County of Essex as follows: <br /> <br /> 1. That it shall and may be lawful for the Corporation of the <br /> <br />County of Essex to borrow from any chartered Bank or Banks the sum of <br />Sevent~y-five Thousaud Dollars ($75,000.00) for the purpose aforementioned <br />to meet the Current Expenditures of the Sun Parlor Hc~e for Senior Citizens <br />for the year 1960 by demand notes at the rate of Five and three-quarters <br />percentum (5~4%) per annum. <br /> <br /> 2. The Warden and Treasurer oi~ the County of Essex be and they <br /> <br />~re hereby authorized to enter into agreements to carry into effect the said <br />loano <br /> <br /> 3. That all and any revenues ol' the Corporation are hereby charged <br />with repayment of all monies borrowed under the ~nt~ority of this By-law and <br />the lien upon all the s~id revenues ~ntil the loans created under the ~thority <br />of the said By-laws are fully satisfied. <br /> <br /> 4. That the Treasurer is hereby authorized and directed to apply as <br />much of the revenues of the Corporation as may be necessary in p ~ayment of the <br />obligations of the Corporation created aforesaid. <br /> <br /> All other By-laws inconsistent to this By-law are hereby repealed. <br /> This By-law shall come into force and t~ke effect as of the.~~. <br />d~¥ of January, 1960. <br /> PASSED THIS.~ .~.day of January~ 1960 in open Council. <br /> <br /> I, C. A. Keeley~ Clerk of the Corporation of the County of Essex~ <br /> <br />do hereby certify that the foregoing is a true and correct copy of By-law <br />Number 1348 read in the open Council of the County of Essex the necessary times <br />and finally passed at its January, 1960 Session. /~~ <br /> <br /> County of Essex <br /> <br /> <br />