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1604-66-Raise Loan to Meet Current Expenditures for SPH
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1604-66-Raise Loan to Meet Current Expenditures for SPH
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JANUARY REGULAR SESSION, 1966 0 <br />This By -law shall come into force and take effeet of at the lied <br />passing thereof. <br />Read the necessary times and finally passed this 191h day of <br />January, 1966, in open Council, <br />lat reading -- January 19, 1966. <br />2nd reading— January 19, 1966. <br />3rd reading —January 19, 1966. <br />JOE W. NEWMAN, Warden C. A. XEFSLlCY, Ck* <br />By -Law Number 1604 <br />A BY -LAW OF THE COUNTT OF ESSEX TO RAM <br />A LOAN TO MEET THE CURRENT EXPENDITURES <br />OF THE SUN PARLOR HOME FOR SENIOR CITISENS <br />FOR THE YEAR 1988. <br />WHEREAS it has been expedient and necessary to raise by wq <br />of a loan the sum of Seventy-Five Thousand Dollars (;'13,000.00) r - <br />quired to meet the current expenditures of the Sun Parlor Hama for <br />Senior Citizens during the year 1966. <br />BE IT THEREFORE ENACTED by the Munleipal Commit of the <br />Corporation of the County of Euax and it is hereby eeseteds <br />I. That it shall and may be lawful for the Corporation ON the <br />County of Essex to borrow from any chartered bank or bwdu the am <br />of Seventy-Five Thousand Dollars (675,000.00) for the purposes alees- <br />mentioned to meet the current expenditures of the Sum Parlor Home <br />for Senior Citizens for the year 1966 by demand notes at the rate of <br />Five and Thras44uarters per eentum (11%%) far aum m <br />2. The Warden and Treasurer at the County of Taax be and <br />they are bereby authorised to enter into agreements In am fate <br />effect the said lots <br />9. '!fiat all and any revenues of the Corporation are bersby <br />ebarged with repayment of all monies borrowed under the autbortty <br />of this by -Lw and the amid chartered bask or banks are berelsy ds- <br />
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