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1645-66-Authorizing Grant to Essex County Association for Retarded Children
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1645-66-Authorizing Grant to Essex County Association for Retarded Children
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JUNE REGULAR SESSION, 1966 48 <br />& That this By -law d au swot arms into faeee and tewe 5661 <br />until July 1, 1966. <br />Read the necessary times good fhb passed is ape Comed <br />this 15th day of June, 1966. <br />JOE W. NEWMAN, Warden C A ILEIIEY, !� <br />1st reading. —June 1506 1966 <br />2nd reading --June 15th, 1966 <br />3rd reading --4une 15th, 1966 <br />Debenture By -Law Number 1645 <br />A BY -LAW AUTHORIZING A GRANT IN THE AMOUNT <br />OF $48,000.00 TO THE ESSEX COUNTY ASSOC ATION <br />FOR RETARDED CHILDREN, INCORPORATED, TO, <br />WARDS THE CAPITAL COSTS OF THE CONSTWC. <br />TION OF THE PROPOSED ADDITION TO THE SUN <br />PARLOR SCHOOL FOR RETARDED CHILDREN IN <br />THE TOWN OF ESSEX IN THE COUNTY OF ESSM <br />PAYABLE OVER A PERIOD OF FIVE (5) YEARS AND <br />TO AUTHORIZE THE ISSUANCE OF DEBENTURE$ IN <br />THE AMOUNT OF $42,000.0L <br />WHEREAS Subsection 29 of Section 377 d The l[wd*W Act, <br />being Chapter 249, R.S.O. 1960, and amencknentss thenft euthab" <br />Councils of all Municipalities to pass By -laws for granting aid far tbn <br />erection, establishment, maintenance or equipn*t of rstardW sdwh <br />and to issue debentures therefor; <br />AND WHEREAS it is deemed expedient b grout to the E4sac <br />County Association for Retarded Children, JncWporated, the sum of <br />$42,000.00 payable in Five (5) equal annual instalment' of 3&4ft00 <br />and to issue debentures therefore, without interest payable aassnllr <br />in the amounts per annum shown in Sdwdule "A° attseW b this igy. <br />law; <br />AND WHEREAS it is deemed expedient to make the ptincipy of <br />the said debt repayable in annual instalments dusiag the period of Inv* <br />(5) ymm commencing in tho year of the issue of omh debsaturss, <br />
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