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THE CORPORATION OF THE COL.~ITY OF ESSO( <br /> <br />DEBENiCORE BY-LAW NUtfB~R <br /> <br />A By-law authorizing a grant in the amotunt of $238~200.00 <br />to The Religious Hospitalers of the Hotel Dieu of St. <br />Joseph of the Diocese of London~ Ontario. <br /> <br /> WHEREAS Sub-section 29 of Section 386 of The Municipal <br />Act being R.S.0. 1950, Chapter 243 and amendments thereto authorizes <br />Councils of all municipalities to pass by-laws for granting aid for the <br />erection, establishment, maintenance or equipment of public hospitals <br />and to issue debentures therefor~ <br /> <br /> AND WFJ~REAS it is deemed expedient to grant to The Religious <br />Hospitalers of the Hotel Dieu of St. Joseph of the Diocese of London, <br />Ontario the sum of $238~200.00 in part payment of the cost of the addition <br />to Hotel Dieu Hospital in the City of Windsor, which sum will be payable <br />in ten (10) equal annual instalments of $23~820.00 and to issue debentures <br />therefor, without interest, payable annually in the amounts per annum <br />shown in Schedule "A"'attached to this by-law~ <br /> <br /> AND WH~REAS it is deemed expedient to make the principal <br />of the said debt repayable in annual instalments during the period of ten <br />(10) years commencing in the year of the issue of such debentures. <br /> <br /> NOW THEREFORE TEE COUNCIL OF THE CORPORATION OF THE COUNTY <br />OF ESSEX ENACTS AS FOLLOWS:- <br /> <br />1. For the purpose aforesaid the Council of the Corporation of <br /> <br />the County of Essex shall grant to The Religious Hospitalers of the Hotel <br />Dieu of St. Joseph of the Diocese of London~ Ontario the su~ of <br /> <br />$238,200.00 and shall issue debentures therefor in sums of $23,820.00 each. <br /> <br />2. Each debenture shall be payable without interest as set <br /> <br />out in the respective years in Sched%~e "A" attached to this by-law. <br /> <br />3. The debentures shall be dated the 30th day of September, <br /> <br />A.D.~ 1960 and shall be made payable in ten (10) annual instalments on <br />the 15th day of December in each of the years 1960 to 1969, both inclusive, <br />and the respective amount of principal payable in each of the said years <br />shall be the ~ount so designated in Schedule "A" attached to and forming <br />part of this by-law. <br /> <br /> <br />