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1428-62 $70KinDebentures
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1428-62 $70KinDebentures
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12/24/2012 10:29:04 AM
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7/2/2004 10:21:52 AM
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C - Council, Boards and By-laws
C - Council, Boards and By-laws - Date
1/24/1962
C - Council, Boards and By-laws - Department
Finance
C - Council, Boards and By-laws - Description
A bylaw to authorize the issue of debentures of $70,000.
C - Council, Boards and By-laws - Bylaw No
1428-62
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By-law
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THE CORPOR~ITiON OF THE COUNTY OF ESSEX <br /> DEBENTgRE BY-LAW NUMBER 1428 <br /> <br />OF CA)fA~A TO PAY A PORTIOY OF T~ COST ()F THE <br />STRUCT.[ON OF ,¢~D T}4P}%OL~EENT TO CERTAIN ROAD3 <br /> <br /> ,6ND ?rFE!-?.EA$ in order to raise the ~um rr~:quired to <br />pay th~ Cou~rg-7'~'s~· %ez'izicn of the cost of the <br />Co:mci! deems it uecessary bo be'trow money by th~ i~sue and <br /> ...... ~ the ~ "' <br /> ~orporabmon in ............ <br /> ,,z ana~,~ 'bea:cin.q i. nberest at <br />of the deb'h ixSe:aded to be created by this <br /> <br /> t, That. :'in or'der !.;o raise the sum 'r'.squi:i;'eC to pay <br />the fJoun'~;y'~s no.rtlon ,::,r' 1;he eosi; of ~;he work :3e!'; out. in the <br />schedule a';~;'~ached hereto, ~mney .r~haI2 be bo:rT'owed on the <br /> <br />by the L3sue ar:~ sal.,,s of debentures of vi::e salt; Cornorat'~on <br /> <br />Cane. da~ The said debentures shall bear interas% aY the Pate <br />of $'...x ~ar cem;u.,, ~,:~ }..~.z ~;ai ,,..:: payable ann'u.~ily on the <br /> /'~ day of~- in each year of <br />cuz'rency and shall have cou~';ons e. ttaclhed tha'Pet, o for the <br />pa~ent of such interest. <br /> <br /> ~2. U.~at a. li~the ssZd debentures shall b~ dsted the <br /> <br />oayabJ, e in ten ]il.O} ~mua~ instglments on t:,ha /~ day of <br />~ in the years 1963 to !95~ both L;aclusive, and <br />-the nesgective amounts of principal and interest payable in <br /> ~ee. ch of bhe saio years shali be ~o se~ = ........ o:cnedu~e .. <br /> to 'this by-law which is here'by 4 .... : ~,:, "~ 'b~ ¢-~ = to ¢ <br /> part o,f this bT?iaw. <br /> <br /> 3, That the said debentures shall[ b:~ payable as to <br />both princi'oal and intere~st i~ i~;~ful money of Canada at the <br /> <br />and Nill. Stree¥. :Ln the City of' Windsor or 8.i; tb.e principal <br /> <br /> ~.. That the ~aid debentures shall be s~:aled wi'~:h <br /> <br />'Wardex~ or' by so~e o't;hez' per~::or~ at~thorized b'p' by...!aw to sign <br />in his soea6 and b.¢ the TnceasuFe¢,, The int~?'e.st cou.pons <br />a. 6~,.c ....... , %0 ~rz.~ saz,~ debentures shall be <br /> <br />:tithog:eaphea or <br /> <br />J ~q ~,~ ...... <br />debt and interes2 becomes d'ee, the Corpomation shall levy' <br />and raise the s'~ecific sum sho~ for the z'esp~sctive psat in <br />'the sixth column of the said Schedule "A~ ;!;neb sue shall be <br />levied ~d raised by a special mate sufficient therefor over <br />:~tnd above all other rates upon all the rateaSie ?'op~P";y in <br />tlne mmni ci pality. <br /> <br /> <br />
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