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60 JANUARY RE SESSION, 1950 - <br />By -Law No. 1307 <br />A By -Law of the County of Essex To Raise A Leave To Meat <br />The Current Expenditures of the County of ■ssex for tfio <br />year 1959. <br />Whereas, it has been deemed expedient and necessary to 1" a <br />loan of Five Hundred Thousand ($500,000.00) Dollars required to sneer <br />the current Expenditures for the County of Eases ter the year 1960. <br />Be it therefore enacted by the Municipal Council d the Cerpsri► <br />tion of the County of Essex to borrow from the Chartered Bank er <br />Banks, the sum of Five Hundred Thousand (;500,000.00) DoUara for <br />the purpose aforementioned to meet the Current Expenditures for tbs <br />year 1959 by demand notes at the rate d Five (6'6) peresstsss lid <br />annum. <br />2. That the Warden and Treasurer of the County d )assns M and <br />they are hereby authorized to enter into necessary agreements to ex" <br />into effect the said loan. <br />3. That all revenues of the Corporation are bereby charged with <br />the repayment of all monies borrowed under the authority d this b• <br />law and the said charter Banks are hereby declared to bare a lies apps <br />all the revenues until this said loan under the authority of tbis b-iaw <br />be fully satisfied. <br />!. That Treasurer is hereby authorised and directed to apply M <br />much of the revenues of the Corporation as may be necessary in Da7 <br />meat of the obligations of Corporation created as aforesaid. <br />This By -law shall come into fora and take gifted as of the tat <br />day of January, Me. <br />All other By -laws inconsistent to thb By -law are baseb tape" <br />Passed in open Council this 32nd day d January, 1964 <br />(Signed) C. A. I[ZZLrEY, (Bigead) W. T. BUCHANAN, <br />Cam, Wards. <br />