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478 SEMIMIBER SPECIAL SESSION, 1905 <br />BY -LAWS <br />00MM ATION or 00VNTr or mom <br />By -Lew Number 1570 <br />A BYLAW AUTHOItIZMO A GRANT IN THE AMOURP <br />OF $700.000.00 TO THE LEAMINGTON DISlRIM <br />MMORIAL Ho9PITAL PAYABLE OVER A Pll:tiM <br />OF TEN (10) Y11AR8 AND TO AUTHORIZE TAE I9B0- <br />ANCE OF DEBENTUP.M IN TMZ AMOUNT OF VMr <br />000.00. <br />RrHEKtEAS Sub - section 35 of Section 377 of The MwddPs1 Alt <br />being R.S.O. 1950, Chapter 249 and amendments thereto a0lbaba <br />Councils of all municipalities to pass by -laws for granting aid for 0s <br />erection, establishment maintenance or equipment of FgAe h"" <br />and to issue debentures therefor; <br />AND VIIJI .EAS it is deemed expedient to grant to tits W <br />mington District Memorial Hospital the sum of ;700.000.00 P74W <br />in ten (10) equal annual instalments of $70,000.00 and to lmw Mw <br />tures therefor, without interest, payable annually to the aaralb pa <br />annum shown in Schedule "A" attached to this By -biw; <br />AND VaWMEAS it is deemed expedient to make the pr*Od <br />of the said debt repayable in annual Instalments during the p"W d <br />ten (10) years commencing in the year of the lame of such debtiphm <br />NOW THEREFORE THE COUNCIL OF THE CORPO ATM <br />OF THE COUNTY OF ESSEX ENACTS AS FOLLOWS: <br />1. For the purpose aforesaid the Council of the Corporstiat of <br />the County of Essex shall grant to the Leamington District Mg" <br />Hospital the sum of $700.000.00 and shall issue debentures jMdM b <br />sums of $70.000.00 each. <br />2. Each debenture shall be payable without brtslart as eM ad <br />in the respective Years in Schedule "A" attached to this lid. gw, <br />3. The debentures shall be dated the 15th day of Ssptnaltt <br />A.D., 1985 and shall be made payable In the (10) annual bistabnentsa <br />the 15th day of December In each of the years 1966 to 1975, boll h. <br />elusive, and the respective amount of principal payable in each of tki <br />asld years shall be the amount so desi;nmted in s"cherbie "A" 4nLJ i <br />