Laserfiche WebLink
58 JA N U A R Y REGULA SESSION, 1934 <br />By -Law Number 1181 <br />A BY -LAW OF THE COUNTY OF ESSEX TO RAISE A LOAN <br />TO MEET THE CURRENT EXPENDITURES OF THE COUNTY Of <br />ESSEX FOR THE YEAR 1954. <br />WIWAtEAS, it has been deemed expedient and necessary to raise <br />a loan of Three Hundred Thousand Dollars ($300,000.00) required to <br />meet the Current Expenditures of the County of Eswx for the year <br />1964. <br />BE IT THEPMOR'E enacted by the Municipal Council of the <br />Corporation of the County of Essex as follows: <br />1. That it shall and may be lawful for the Corporation at the <br />County of Essex to borrow from the Chartered Banks or Bank, the sn�s <br />of Three Hundred Thousand Dollars ($300,000.00) for the purpose <br />aforementioned to meet the Current Expenditures for the year 1954 <br />by demand notes at the rate of (4% %) Four and one - quarter percent <br />per annum. <br />2. That the Warden and Treasurer of the County of Essex be and <br />they are hereby authorized to enter into the necessary agreements to <br />carry into effect the said loan. <br />S. That all revenues of the Corporation are hereby charged with <br />the repayment of all monies borrowed under the authority of this <br />by -law and the said Chartered Banks or Bank are hereby declared to <br />have a lien upon all revenues until this said loan under the autharity <br />of this by -law be fully satisfied. <br />4. That Treasurer is hereby authorized and directed to apply e4 <br />much of the revenues of the Corporation as may be necessary in VW <br />ment of the obligations of the Corporation created as aforefaid. <br />All other by -laws inconsistent to this by -law are hereby repealed. <br />Passed in open Council this 22nd day of January, 1954 A.U. <br />(Signed) C. A. KEELEY, (Signed) H. A. BRUNEIk <br />Clerk warden <br />1. C. A. Seeley, Clerk of the Corporation of the County at l <br />do hereby certify that the foregoing by -law is a true and earred <br />copy of By -law Number 1181 passed in open Council by the Ewmx <br />County Council at Its January Session, 1954. <br />(Signed) C. A. KFiff " . <br />Clerk of the County of ltsaax <br />