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AUGUST SPECIAL SMS1O19 458 <br />By -Lew Number 1452 <br />A BY -LAW OF THE COUNTY OF LMXX TO RAISS A <br />SUPPLEMENTARY LOAN TO MEET THE CURRENT <br />EXPENDITURES OF THE COUNTY OF R881:R ROAR <br />SYSTEM FOR THE YEAR 1962. <br />WHEREAS it has been expedient and necesearl► to raise by wwy <br />of a Supplementary Loan the sum of five bhrndred thousand dollars <br />($500, 000.00) required to meet the current eapenditurae d the County <br />of Essex Road System during the year 1962. <br />BE TT THE:REmRE ENACTED by the Municipal comma d to <br />Corporation of the County of Essex as follows: <br />1. That it shall and may be lawdnl for the Corporatim Of the <br />O=ty of Essex to borrow from any chartered bank or banks the wen <br />of five hundred thousand dollars ($500,000.00) for the purpose afore- <br />mentioned to meet the current egmulitures d the Comb d F"M <br />system for the year 1962 by demand notes at the rate d wix (6%) par <br />cmtum per annum. <br />2. The Warden and 'Measurer of the County d Eases be wad <br />they are hereby authorized to enter into agreements to carry into dfeet <br />the said loan. <br />3 That all and any revenues of the Cb posatim are berebV <br />charged with repayment of all monies borrowed under the wathorit7 <br />of this by-law and the lien upon all the said reYmares uatil the law <br />crested under the authority of the said By-laws are faRY awtMisd <br />4 That the Treasurer is hereby authorlmd and directed to appb <br />as much of the revenues of the Corporation as sally be neeaNUT i• <br />payment of the obligations Of the Corporation created aloraaii. <br />This By -law shall cone into tares and take effset sa d the Lt <br />day of September. 1962. <br />Passed this 30th day at August. 1942 is o/ra C1wI ICAL <br />EUGENE WHELAN, Warden C. A. XZZLXV. 0erk <br />