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1423-62-Raise Loan to Meet Expenditures on Rds
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1423-62-Raise Loan to Meet Expenditures on Rds
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JANUARY RDGULAR SESSION, 1962 75 <br />CLERK'S CERTIFICATE <br />I, C. A. Keeley, Clerk of the Corporation d the Counts d FAms, <br />do hereby certify that the foregoing is a true and eoree+ct cops d the <br />by -lane number 1422 passed in open Council by the Eseez County Cora► <br />cil at its January session, 1962. <br />C. A. KEELEY, Clerk, Com►tT of Essen <br />By -Law Number 1423 <br />A BY -LAW OF THE COUNTY OF ESSEX TO RAISE A <br />LOAN TO MEET THE CURRENT EXPENDITURES OF <br />THE COUNTY OF ESSEX ROAD SYSTEM FOR THZ <br />YEAR 1962. <br />WHEREAS it has been expedient and necessary to raise by way <br />of a loan the sum of Seven Hundred and Fifty Thousand Dollars <br />($750,000.00) required to meet the current expenditures of the County <br />of Essex Road System during the year 196a. <br />BE IT THEREFORE ENACTED by the Municipal Couadl d W <br />Corporation of the County of Fmm as follows: <br />1. That it &hall and may be lawful for the Cxrrporatim of td <br />County of Essex to borrow from any ehartered Bank or Banks the sus <br />of Seven Hundred and Fifty Thousand Dollars ($7KOW()0) for the <br />purpose aforementioned to meet the ourrent expenditures d the County <br />Road System for the year 1962 by demand not" at the ante d Five wad <br />one -half (5%%) per centum per annu a <br />2. The Warden and Traawree d the County d Z@seu be Mad they <br />are hereby authoriaed to enter into %gregM"ts to carry 111to effaat tb <br />eaid loan. <br />9. That all and any revenues of the Caryorstkra are 10 eby <br />®Merged with rspaYmant d W modes bortawed uWar W wutMori><jr of <br />
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