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A BY-LAW OF THE COUNTY OF ESSEX TO ~ISE <br />A LO~N TO MEET TItE CURRENT EXPENDi%~JRES <br />OF THE COUNTY OF ESSFJ~ ROAD SYS%~ FOR <br />THE YEAR 19 62. <br /> <br /> WHEREAS it has been expedien~ and necessary to <br />raise by way of a lo~ the sum of Seven Hundred and Fifty <br />Thousand Dollars ($750 , 000 .00 ) required to meet the current <br />expenditures of the County of Essex Road Syste~ during the <br />year i962 . <br /> <br /> BE IT TF~EREFORE Fd~ACTED by the Municipal Co~Xncil <br />of th~ Corpora~_,on o£ the County of Essex as fo!lo%'"~s: <br /> <br /> l~, That is shall and m~y be lawful for the Corpora- <br />tion of the County of Essex to borrow from any chartered Bank <br />or Banks the sm~ of S~ven ltundred and Fifty Thousand Dollars <br />($750~000~00~ for the purpose aforementioned to me, et the current <br />exvenditUres of the County Iioad System for~ th~ ~y,~sm 1962 by <br /> <br /> 2. The Warden and Treasurer of the Countyof Essex <br />b~ and they are hareby authorized to enter into agreements to <br />carry into ~ff~ct the said loano <br /> <br /> 3. That all and any revenues of the Co~ooration are <br />hereby cna~ged with repayment of all monies bor~O~d under <br />the authority of ~his by-law and th~ lien upon all ~he,said <br />x-evenues until the lo~ns created under the authority of the <br />said by-laws ar, fully satisfied~ <br /> <br /> ~. That th~ Treasurer is hereby authorized and <br />directed to apply as much of the revenues of the Corporation <br />as ~a¥ b~ n~c~ssary in payment of the obligations of the <br />Corporation Crea~d aforesaid° <br /> <br /> All other by-laws inconsistent to this by-law are <br />hsr~by repealed. <br /> <br /> This by-law shall com~ in~o force ~ud ~e effect <br />as of th~ !st day of January~ 1962 . <br /> <br />Council. Passed this ~day of January, 1962 in open <br /> <br />CLERK* S CERTIFICATE <br /> <br /> I~. C. A~ Keeley~ Clerk of the ~orporation of the <br />County of Ess~, do hereby certify that ~he foregoing is a <br />true ~d ~orrect copy of by-law n~ber/~ r~ad in the <br />open Council of the County of Essex ~he neces~y tim~s <br />and finally passed at its Janu~y~ession~ 1962 o <br /> <br /> <br />