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104 JAN XEG S bbl r <br />By -Lave Number 1509 <br />A BY-LAW OF THE COUNTY OF ESSEX TO RAISE <br />A LOAN TO MEET THE CURRENT EXPENDITURES <br />OF THE COUNTY OF ESSEX ROAD SYSTEM FOR <br />THE YEAR 1961, <br />WHEREAS it has been expedient and neeessuy to raise by WW <br />of a loan the sum of Seven Hundred and Vdty Thousand •palms <br />($750,000.00) required to meet the current expenditures ad am Csasbr <br />of Essex Road System during the year 1964. <br />BE IT n=EFORE ENACTID by the Municipal Cesseit d Em <br />Corporation of the County of Essex as follows: <br />1. That it shall and may be lawful for the Corporation of tie <br />County of Essex to borrow from a chartered bank or basin Ma <br />sum of Seven Hundred and Fifty Thousand Dollars ($750,000.0% hr <br />the purpose aforementioned to meet the current expenditures of tlm <br />County Road System for the year 1964 by demand mot" at the rats <br />of Five and Three - Quarters per eentum 0%%) per aaaasas <br />2. The Warden and Treasurer of the County at !teas: be d <br />they are hereby authorized to enter into agreemeab In earry b" <br />effect the said loan. <br />S. That all and any revenues of the Corporation see bw* <br />charged with repayment of all monies borrowed under the aatbw* <br />of this by-law and the said chartered bank or basks are bwe* <br />declared to have a lien upon all the said revenues natil tba lass <br />created under the authority of this by-law is fully aatiafwt <br />4. That the Treasurer is hereby authorised and di t <br />apply as much of the revenues of the Corporation as way be sear <br />sari in payment of the obligations of the Corporation created Stars <br />said <br />All other by-laws inconsistent to this by-law are baeft pays" <br />