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BY-LA~ NUMBER~ <br /> <br />A BY~I~W OF T}~ COUNTY OF ESSEX TO RAISE A <br />LOAN TO ~T T}~ CURRENT EXPENDITURES OF <br />TPD~ SUN PARLOR HONE FOR SENIOR CITIZENS <br />FOR THE YEAR 1962 . <br /> <br /> WHEREAS it has' been expedient and necessary to <br />raise by ~u a <br />(_75,O0~.00y$ ) of loan the sum of Seventy five Thousand <br /> v. <br /> Dollars required to meet the current expendi- <br />t.~res of the County of Essex Home for Elderly Citizens <br />during She yea~ 1962 <br /> <br /> BE IT THEREFORE ENACTED by the Municipal Council <br />of the Corporation of the County of Essex as follows: <br /> <br /> i~ That it shall and m~y be lawful for the Corp- <br /> oration of the County of Essex to borrow from any chartered <br /> Bank or Banks the sun~ of Seventy-.fi~e Thousand Dollars <br /> ($75~000.00) for the purpose mforementioned to meet the <br /> current e.~penditures of the Sun Parlor Home for Senior <br /> C~tizer~s eot th.9 ~,sr 1962 by derc~d ~%q~es at the rate of <br />~~ ~ ~.~ ~2~ per cen~u~ ~) per ~num. <br /> <br /> 2. ~ne Warden ~d ~eas~er of the Co~y of <br /> Essex be and they are hereby authorized ~o enter in~o ~ree- <br /> ments to c~ry into ~ffect ~he said lo~ <br /> <br /> 3. Tha~ all and any revenues of the Corporation <br />are hereby charged with repayment of all monies borrowed <br />under the authority of this by-law and the lien upon all <br />the said revenues until the loans crsa~ed ~under th~ authority <br />of the said by-laws are fully satisfied. <br /> <br /> ~. That the T~-em.surer is hereby authorized and <br />directed ~o apply as much of the revenues of th~ Corporation <br />as may be necess~y in pa~ent of the obligations of the <br />Corporation created aforesaid. <br /> <br /> All other by-laws inconsisten~o to this by-law are <br />h~reby repeaied~ <br /> <br /> This by-law shall come into force and take effect <br />as of the ls~ day of JanumA~y, 1962 <br /> <br /> ~ Passed thi~ /~day of January, 1962 in <br /> Council. <br /> <br />CLEPJ~ ? 3~ CER ~TI~FICATE <br /> <br /> i, C. A. ke~y, Cle.~ of ~he Corpor~ion of the <br />County of Essex, do ~reby codify that t~ foregoing is a <br />tru$ ~ud corr$~t copy of by-law r~umber/~'ead in open Co~mcil <br />ths neces~y tiHes and finally passed ~ its January, 1962 <br />session. <br /> <br /> <br />