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NOVEMBER REGUTAAR SESSION, 19" an <br />B Y - L A W S <br />By -Law Number 1546 <br />A BY -LAW OF THE COUNTY OF ESSEX TO RAISE A <br />LOAN TO MEET THE CURRENT EXPENDITURES <br />OF THE COUNTY OF ESSEX ROAD SYSTEM FOR <br />THE YEAR 1964 - <br />ylEgF.A,S it has been expedient and necessary to raise by way Of <br />s supplementary loan the sum of Five Hundred Thousand Dollars <br />o f Essex . �ad SY�m du meet <br />ri� ghe year current <br />1964- expenditures of the County <br />BE lT TfMEFORE ENACTED by the Municipal Council Of the <br />Corporation of the County of Essex as follows: <br />1. That it shall and may be lawful for the Corporation Of the <br />County of Essex to borrow from a chartered bank or banks the sums <br />of Five Hundred Thousand Dollars ($500,000• for the purpose afese' <br />mentioned to meet the demand notes atrthed S ystem <br />rate of Five and T'hrW <br />for the year 1984 by <br />Q per centum (5% 96) Per 2nn <br />2. The Warden and Treasurer of the County of Essex be and <br />they are hereby authorized to enter into agreements to carry into efieet <br />W said supplementary loan. <br />g That all and any revenues of the Corporation are hereby <br />charged with repayment of all monies borrowed under the aathorb, <br />of this by -law and the said chartered bank or banks are hereby <br />declared to have alien upon all the said revenues uatil the supple- <br />mentary loan created under the authority of this BY-law it fully <br />satisfied. <br />4, That the Treasurer is hereby authorised and directed to apply <br />w much of the revenues at the Corpozatioa r may be ssmessasy iR <br />psymeat of the obligations of the Corporatioa created aforesaid <br />