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1541-64-Issue Debentures to Pay for Construction & Equipping the County Courts Buildings
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1541-64-Issue Debentures to Pay for Construction & Equipping the County Courts Buildings
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50 OCTO BER SPZCIAL SESSION, 19ti l <br />By -Law Number 1541 <br />A By-law of the County of Essex to Authorise the have <br />of Debentures in the Principal A mount of $464,000.00 in <br />Lawful Money of Canada to pay the County M Essaa <br />portion of the cost of the Constructing and equipping the <br />County Courts Building for the County of Ease: <br />WHEREAS the Corporation of the County of Essex hare, IV <br />resolution, authorized the building of a County Courts Building for the <br />County of Essex; <br />AND WHEREAS the said plans, drawings and specifications for the <br />said County Courts Building for the County of Essex, have been <br />approved, by resolution, by the Councils of the Corporation of the <br />City of Windsor and the Corporation of the Tows of River", ad <br />the County of Essex shall receive from the said Corpoestioae d tb <br />City of Windsor and the Town of Riverside a proportionate dare <br />of the cost of the said County Courts Building for the Cow et <br />Essex, as per agreement, dated 25th day of May, 1981, and eoffi&m i <br />by Bylaws of the respective Municipalities passed by the Cenaob <br />of the said Municipalities in open Council on the data as aatd <br />thereon: <br />AND WHEREAS in order to raise the sum required is pq tb <br />County's portion of the cost of the said County Courts Building fir <br />the County of Essex, the Council deems it seceaary to boerew nanny <br />by the issue and sale of debentures of the Corporation is the p <br />amount of $184, 000.00 in lawful money of Canada bearing haunt <br />at the rate of 3% per cent per annum which Y tho aaasu A d the <br />debt intended to be created by this By -law. <br />NOW THEREFORE The Council of the Corparstiog of the C <br />of Haan exacts as follows: <br />(1) Tbd In order to raise the suss required to pq tbo Ceg*% <br />portion of the lost of the said County Ceurtiouse Building fee the <br />Cenaty of Eases, mace$ &hall ba borrowed sa the credit 41 *1 <br />
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