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1029-48- Current Expenditures
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1029-48- Current Expenditures
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Last modified
6/11/2013 3:26:14 PM
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5/15/2012 4:08:37 PM
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C - Council, Boards and By-laws
C - Council, Boards and By-laws - Date
1/23/1948
C - Council, Boards and By-laws - Department
Council Services
C - Council, Boards and By-laws - Description
1029-48-Raise Loans for Current Expenditures
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By-law
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l <br />JANUARY REGULAR SESSION. 1848 91 <br />BE IT THEREFORE enacted by the Municipal Corporadoa ej <br />the County of Essex as follo*s -% -- <br />I. That it shall and may be lawful for the Corporation of t1w <br />County of Essex to borrow from any Chartered Bank or Banks the <br />sum of ($300,000.00) Three Hundred Thousand Dollars for the pus <br />pose aforesaid to meet the Current Expenditures for the year 2948 by <br />demand notes at the rate of 4 per cent per annum. <br />Y. That the Warden and Treasurer of the County be and they <br />are hereby authorized to enter the necessary agreements to carry IM0 <br />effect the said loan. , <br />3. All revenues of 'the. Corporation are hereby charged with the ^ " <br />repayment of all moneys borrowed under the authorrt7 of this by -low <br />.and the said Chartered Bank or 'Banks are hereby declared to have a <br />lien upon all revenues until this said loans under the authority o[ <br />this by -law are fully satisfied. ' <br />4. The Treasurer is hereby authorized and directed to apply se► <br />mach of the revenues of the Corporation as may be necessary in pay- <br />ment of the obligations of the Corporation created as aforesaid ' <br />Passed in open Council this 88rd day of'Janu&M 194L <br />(Signed) C. A. KEELEY. (Signed) GEORG$ BENNETT, <br />Clerk. - wairdw& <br /> i <br />ti :.. <br />
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