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1345-60-Raise A Loan to Meet Expenditures
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1345-60-Raise A Loan to Meet Expenditures
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56 JANUARY RIMM.AR SEMON, 19ft <br />By -Law Number 134S <br />A By -law of the County of Essex To Rabe A Lam To <br />Meet The Current Expenditures ei the County at *seam <br />for the year 1960. <br />W HEREAS , it has been deemed expedient and necessary to raw <br />a loan of Five Hundred Thousand 0500,000.00) Dollars required to <br />meet the current Expenditures for the County of Esses for the yew <br />1960. <br />BE IT THEREFORE ENACTED by the Municipal Couaeil st tke <br />Corporation of the County of Essex to borrow from the Chartered 13sek <br />or Banks, the sum of Five Hundred Thousand ($500,000.00) Dollars hr <br />the Purpose aforementioned to meet the Current Expenditures far the <br />Year 1960 by demand notes at the rate of Five and Tbree <br />(534 %) Percentum Per annum. <br />I That the Warden and Treasurer of the County d Ewx be <br />and they are hereby authorised to enter into aaeeasary aRrserae� <br />to carry into effect the said loan. <br />S. That all revenues of the Corporatioa are hereby ebwVW wit► <br />the repayment of all monies borrowed under the authority ei thu <br />by -law and the said charter Banks are hereby declared to fuse a b" <br />upon all the revenues until this said loan under the suthoriy et tkis <br />by-law be fully satisfied. <br />4. That Treasurer is hereby authorized and dire to apply so <br />mueh of the revenues of the <br />a ation ~ aqca in So , <br />meat of the obligstiouss of Corporation W a <br />This By - law shall "Me into torus sad bake eam, es of tW Lt <br />day of January, 1060. <br />All other 8y -laws iAaonsistesd to this 414sw see ha shp rep" <br />
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