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1127-52- Raise Loan to Meet Expenditures
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1127-52- Raise Loan to Meet Expenditures
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6/11/2013 4:21:20 PM
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5/29/2012 10:46:59 AM
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C - Council, Boards and By-laws
C - Council, Boards and By-laws - Date
1/18/1952
C - Council, Boards and By-laws - Department
Council Services
C - Council, Boards and By-laws - Description
1127-52-Raise Loan to Meet Current Expenditures
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By-law
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JANUARY REGM AR SnMM, 190 a <br />BY -LAW No. 1127 <br />A BY-LAW of the County of Fssa To Raise a Lon to meet dw <br />carnent expenditures of the County of FAN% for the Year IM <br />WHEREAS, it has been deemed necessary and expediest to raise a <br />loan of Three hundred Thousand Dollars (;300,000.00) regQb ed to <br />meet Current Expenditures of the County at ramm far the year 1e601. <br />BE IT TREMWORF, enacted by the MMaN ipal Cacpa Abm et <br />the County of Essex as follows: <br />L That it shall and may be lawful for the Carpaar bon of the Cry <br />of Fssex to borrow from any Chartered Banks or Yank the anus of <br />Three Hundred Thousand Dollars ($300,000.00) for the purpose afara- <br />sud to meet the Current Expeaftares for the year MZ 49 demOi <br />notes at the rate of (4%) Four Percent per Anew& <br />L That the Warden. and Treasurer of the Canty of Swa be Od <br />they are hereby authorised to enter the aecemmy agmewaea h 1r OM <br />into effect the said loan. <br />& That all revenues of the Corporation are fereby dwrpal will <br />the repayment al ail monies borrowed m,War the arthaft 0 Ob <br />bylaw and the said Chartered Banks ar Bart are bu C69 deeisral tr <br />have alien upon all revenues u ntR this said Mau msdier the 4VdWib <br />of thin bylaw are fully satisfied. <br />4. The Treasurer to hereby autbotteed and dirremd b APPAY M a%& <br />of the Revenues of the Corporatioa as aa" be aseelml is PM III Mt 4 A <br />the obligations of the Corporation, treated as aferesaii. <br />PAM4 in epee Cerarll this I" dray at JMVMMT. 111 M AA <br />(54P%ed) C. A. KEl LEY. tfi SMO NORM i' UMOM <br />clerk wr"Ir <br />
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