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1424-62-Raise Loan to Meet Expenditures for SPH
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1424-62-Raise Loan to Meet Expenditures for SPH
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6/11/2012 1:26:38 PM
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JANUARY REGULAR 3ESsI()x. 1 x62 Tr <br />Corporation of the County of East as foiiova: <br />1. That it shall and may be lawful for the Corporation d the <br />County of Essex to borrow from any chartered Bank or Banks the aM <br />of Seventy -five Thousand Dollars (x75,()00.00) for the purpose afore• <br />mentioned to meet the current expenditures d the 3ua Parser llama <br />for Senior Citizens for the year 1962 by demand sods at the rate d <br />Five and me-half per centum (5%%) per annum. <br />2. The Warden and Treasurer of the County of En" he and they <br />are hereby authorized to enter into agreements to carry into effeet the <br />said loan. <br />3. That all and any revenues of the Corporation arepby <br />charged with repayment of all monies borrowed under the authority d <br />this by -law and the lien upon all the said revenues uatil the lasso <br />created under the authority of the said by-,laws yre fully satiafle& <br />4. That the Treasurer is hereby authorized and dhveled 1p apply <br />as much of the revenues of the Corporation as may be nnecemary in <br />payment of the obligations of the Corporation rseated afa le" <br />All other by -laws inconsistent to this by-law an berebv repeaut <br />This by-law shall corns into tam and tow affect as of Ilw Ist iV► <br />of January, 1962. <br />Passed this 17th day at January, 1962 is apes GouMl, <br />EUGENE WHELAN, Warden G A. XNELET. Claris <br />CLERK CLrBTMCATK <br />1, C. A. Keeley, Clerk of the Corparatiaa of the ebuWa d 14wn; <br />do hereby certify that the faregoing is a true sad awreet copy of by`lnlr <br />1424 read in open Council tie seaeaamy times and thnaily ipawd al iU <br />January, 1962 aaeaioa <br />C. A. NECLET. Chwk Qaes4 at izaa <br />
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