Laserfiche WebLink
JANUARY REGULAR SESSION__, 85 <br />By -Law Number 1471 <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 FOP. THE YEAR IN& <br />WHEREAS, it has been deemed expedient and necessary to robe <br />a loan of Five Hundred Thousand Dollars ($500,000.00) requh ed to <br />meet the current expenditures for the County of FANX far the Year <br />1963. <br />BE IT THEREFORE ENACTED by the Municipal Camncil Of <br />the Corporation of the County of Essex to borrow from the chartered <br />bank or banks the sum of Five Hundred Thousand Dollars ($600.000.00) <br />for the purpose afore- mentioned to meet the current experxhtunis toe <br />the Year 1963 by demand notes at the rate of Five and TUree-Quarlers <br />Per centum (5%%) per annum- <br />2. That the Warden and Treasurer of the County of Essen be <br />and they are hereby authorized to enter into necessary agreements to <br />carry into effect the said loan. <br />3. That all and any revenues of the Corporation sire bereby <br />charged with payment of all monies borrowed under the authority <br />Of this by -lave and the said chartered bank or benlns are bereby <br />declared to have a lien upon all the said revenues until the lone <br />created under the authority of this by-law is fully satisfied <br />4. That the Treasurer is hereby authorised and directed to <br />apply so much of the revenues of the Corporation as shay be neesssary <br />in payment of the obligations of the Corporation created as aforesaid <br />This by -law shall come into force and talus effect M Of the lit <br />day of January. 1963. <br />All other by -laws inconsistent of this by-law are berebY rope" <br />Passed in open Council this 16th day of Janusry. 1963. <br />P. F. MORAND, Warden C. A. KEELEY. CWk <br />