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BY-LAW NUMBER l&03 <br /> <br />A BY-LAW OF THE COUNTY OF ESSEX TO AMEND BY-LAW <br />1380 OF THE COUNTY OF ESSEX TO PROVIDE FOR THE <br />PAYMENT OF A DISCOUNT FOR PREPAYMENT OF COUNTY <br />RATES FOR A TOWN, VILLAGE, AND TOWNSHIP. <br /> <br /> WHEREAS, Section 230 (1) of Chapter 23 R. S. O. <br />1960, the Assessment Act, provides that the Treasurer of <br />every Township, Town or Village shall, on or before the <br />2Oth day of December~in each year, pay to the Treasurer <br />of the County all moneys which were assessed and by law <br />required to be levied and collected in the Municipality <br />for County purposes; <br /> <br /> AND WHEREAS, Section 230 (2) of the said Act <br />provides that the Council of the County may by by-law <br />provide for payment of a discount for payment of moneys <br />or any portion thereof assessed for County Purposes if <br />paid prior to the 20th day of December in the year in <br />which the same are payable; <br /> <br /> AND WHEREAS it is deemed expedient to provide <br />for a discount for prepayment of moneys by a Township, <br />Town or Village; <br /> <br /> THEREFORE the Council of the Corporation of <br />the County of Essex enacts as follows: <br /> <br /> 1. That Clause (1) of By-laws number 1268 and <br />1380 of the County of Essex be amended to read "The <br />Treasurer of the Corporation of the County of Essex is <br />directed and authorized to allow a discount at the rate <br />of the current bank interest per annum, being paid by <br />the County of Essex, for payment of moneys or any portion <br />thereof assessed for County purposes paid prior to the <br />1st day of December in the year in which the same are <br />payable, to the Township, Town of Village making such <br />payment". <br /> <br /> 2. That the said Treasurer of the County of <br />Essex is directed and authorized to collect at par, <br />the payment of moneys or any portion thereof assessed <br />for County purposes paid during the period from December <br />1st to December 31st (both dates inclusive) in the year <br />in which the same are payable, from the Township, Town <br />or Village making such payment. <br /> <br /> This By-law shall come into force and take <br />effect on the 1st day of January, 1961. <br /> <br /> All other By-laws or parts of By-laws of the <br />County of Essex inconsistent to this By-law are hereby <br />repealed. <br /> Passed on this /f~day of April, 1961. A.D. <br />Read--lst Reading-April/~~,,,1961 <br /> 2nd Reading-April 1961 <br /> 3rd Reading-April 1961. <br /> <br /> Warden. ( ~er~. <br /> <br /> <br />