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1072-50-Raise Loan to Meet Expenditures
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1072-50-Raise Loan to Meet Expenditures
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6/11/2013 3:51:22 PM
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5/28/2012 4:26:03 PM
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C - Council, Boards and By-laws
C - Council, Boards and By-laws - Date
1/20/1950
C - Council, Boards and By-laws - Department
Council Services
C - Council, Boards and By-laws - Description
1072-50-Raise Loan to Meet Current Expenditures
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By-law
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62 JANUAR REGULAR S 1960 <br />BY -LAWS <br />BY -LAW No. 1072 <br />A BYLAW OF THE COUNTY OF 198MX TO RAISE A LOAN <br />TO MEET THE CUFMLENT EXPENDITURES OF THE COUNTY <br />FOR THE YEAR 1950. <br />WHEREAS it has been deemed necessary and expedient to <br />raise a loan of Three Hundred Thousand Dollars ($30090009 <br />required to meet the Current Expenditures of the County of Ease= <br />for the year 1950. <br />BE IT THEREFORE enacted by the Municipal Corporations Of <br />the County of Essex as follows; <br />1. That it shall and may be lawful for the Corporation of the <br />County of Essex to borrow from any -Chartered Darks or Bank, <br />the sum of Three Hundred Thousand Dollars ($300,000.00) for the <br />purpose aforesaid to meet the Current Expenditures for the year <br />1950 by demand notes at the rate of 4 , percent per animmm* <br />2. That the Warden and Treasurer of the County be and they <br />are hereby authorized to enter the necessary agreements be carry <br />into effect the said loan. <br />8. All revenue& of the Corporation are hereby charged with <br />the repayment of all moneys borrowed under the authority of <br />by -law and the said Chartered Bank or Banks are hereby declared to <br />have a lien upon ali revenues until this said loans under the authontY <br />of this by -lane an fully satisfied. <br />
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