1589-65-Borrowing of Advances for New Additions to Massy Collegiate

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576 NOVEMBER SPECIAL BESSI 1906, By - Laws By -taw Number 1589 A BY -LAW AUTHORIZING THE BORRowiNo OF Tru- PORARY ADVANCES PENDING THE PASSING OF A BY -LAW FOR THE ISSUANCE AND SALE OF DEMN- TUBES TO RAISE THE SUMS REQUIRED BY TH6 WINDSOR SUBURBAN DISTRICT HIGH SCHOOL BOARD FOR THE CONSTRUCTION AND EQUIPPIlm OF THE NEW ADDITION AND ALTERATIONS TO THE VINCENT MASSEY COLLEGIATE. WHEREAS the majority of the municipalities included IN dw Windsor Suburban High School District have requested Use C0812a of the Corporation of the County of Essex to raise the sass requilw for the construction and equipping Of the new addition and alt 'b= to the Vincent Massey Collegiate in the Windsor Suburban High -"Od District; AND WHEREAS the Council of the Corporations at Use M8W of Essex by resolution has approved the said request; AND WHEREAS by Order dated ThursdAv, the 18th day d September, 1965, The Ontario Municipal Board, pursuant to Seeds 64 o f The Ontario Municipal Board Act, Chapter 274, R. S. Q ]9N). bo approved the construction and equipment by the VVlndson Snbsuiw District High School Bard of an addition and alterations to the Vlaeed Massey Collegiate Institute at a cost of Two Million. Two HWAW and Twelve Thousand, Five Hundred and Sixty Dollars ($2,21Z ,S- and has authorized the Corporation of the County of Esm for so* purposes to pass all requisite by -laws including By-laws PvAdiag f 1 r temporary advances and for the issue and sale of debentures. B that the term of the debentures shall not exceed twenty (20) YOM AND WHEREAS it is deemed expedient to borrow, as t"000 advances pending the issue and sale of debentures, the ran► of i 94- S76.00 for the purpose aforesaid. NOW THEREFORE the Council of the Corporation of tiw CSwab of Essex enacts as follows: 1. The Corporation shall borrow and doth hereby au *MW the borrowing from The Canadian Imperial Bank of Covi!316 e 0