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378 AUGUST SPECIAL, SESS ,1961., — „, — , <br />B Y - L A W S <br />THE CORPORATION OF THE COUNTY OF ESSEX <br />Debenture By -Law No. 1404 <br />A By -law to authorize the issue of debentures in tha <br />principal amount of $173,350.00 in lawful Money of <br />Canada to pay a portion of the cast of the constrOM" <br />of and improvement to certain roads and bridges IN <br />the County of Essex. <br />WHEREAS . under. the .authority. of ..Construction Ay-bW Nambr <br />1402 the Council of the Corporation of the County Of Eeees 110 e* <br />structed and improved certain reads and bridges more partmal I <br />described therein; <br />AND WHEREAS the said works have been aPPWW by tM <br />Minister of Highways for the Province of Ontario and the COW <br />shall receive from the Province a grant to be aPPfied 69WW � <br />Payment of a portion of the cost of the said works; <br />AND WHEREAS in order to raise the sum required b MY the <br />County's portion of the cost of the said works, the Council de me it <br />necessary to borrow money by the issue and sale of debentures of the <br />Corporation in the principal amount of $173,350.00 In lawful Ames! <br />of Canada bearing interest at the rate of six per eentum (6%) Pm <br />annum which Is the amount of the debt intended to be WeAW If <br />this by -law. <br />NOW THERMRE THE COUNCIL OF 'TAE CORPORATM OF <br />THE COUNTY OF ESSEX ENACTS AS FOLIAWSs- <br />1. That in order to raise the sum required to pay the C 29WI <br />portion of the cost of the work am out is Construction by -law number <br />1402, money shall be borrowed on the credit of the Corporation of <br />the County of Essex at large by the .issue and sale of debentures of <br />the said Corporation In the principal amount ad ;173.350.00 In laeW <br />