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186 MARCH SPECIAL SESSION <br />By - laws <br />By -Law Number 1450 <br />A BY -LAW OF THE COUNTT OF ESSEX TO AUTM <br />RIZE THE ISSUE OF DEBENTURES IN THE rItINCI- <br />PAL AMOUNT OF $510,000.00 IN LAWFUL MONEY OF <br />CANADA TO PAY A PORTION OF THE COST OF THE <br />CONSTRUCTION AND EQUIPPING OF THE ADD"IOR <br />TO THE SUN PARLOR HOME FOR SENIOR C11 TdSM <br />OF ESSEX COUNTY- <br />WHEREAS the Corporation of the County of Essex have tr <br />resolution, authorized the building of an addition to the Sun partr <br />Home for the Senior Citizens of Essex County; <br />AND WHEREAS the said plans, drawings, and speditcatiod 4 <br />the said addition have been approved by the Minister at pubtie Wd. <br />fare for the Province of Ontario, and the County shall receive bw tie <br />Province a grant to be supplied toward the payment of a portion of tie <br />cost of the said addition; <br />AND WHEREAS in order to raise the sum required to py, tb <br />County's portion of the cost of the said addition, the C awn dwm it <br />necessary to borrow money by the issue and sale of debentures of tie <br />Corporation in the principal amount of $310,000.00 in lawful ammm of <br />Canada bearing interest at the rate of five and was -W per cmt= <br />(5%%) per annum which is the amount of the debt intended 10 b <br />created by this by -law, <br />NOW THEREFORE THE COUNCIL. OF THE COR OUTIW <br />OF THE COUNTY OF ESSEX ENACTS AS FOLLOWS: <br />I. That in order to raise the suss required to pay the (aaq% <br />portion of the cost of the said addition to the Sun Far1w Now for <br />(senior Citizens of Essex County, mosey shall be borrawed ea the <br />