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MARCH SPECIAI= SESSION, 1967 V7 <br />By -Law Number 1699 <br />A BY-LAW AUTHORIZING THE BORROWING OT TL!!- <br />PORARY ADVANCES PENDING THE PASSING OF A <br />BYLAW FOR THE ISSUANCE AND BALE OF DEBF,N- <br />TURES TO RAISE THE SUMS REQUIRED BY THL <br />NORTH ESSEX DISTRICT HIGH SCHOOL BOARD FOR <br />THE CONSTRUCTION AND EQUIPPING OF TILL NEW <br />ADDITIONS TO THE NORTH ESSEX DISTRICT HIGH <br />SCHOOL. <br />WHEREAS the majority of the municipalities indaded tO the <br />North Essex High School District have requested the Council d the <br />Corporation of the County of Essex to raise the sums required for the <br />construction and equipping of the new addition to the Nwtb Hass <br />District High School in the Village of Belle River - <br />AND WHEREAS the Council of the CorPoration Of the County <br />of Essex by resolution has approved the said request; <br />AND WHEREAS by Order dated Wednesday. the Nth day a( <br />April, 1963, The Ontario Municipal Board, pursuant to Section 64 d <br />The Ontario Municipal Board Act, Chapter 274, R.S.O. 1960 bas W <br />Proved the construction and equipment by the North Essex District <br />High School Board of an addition to the North EN" District H gb <br />School at a cost of $787, 858.00 and has authorized the Oa'PONatiO° d <br />the County of Essex for such purposes to Pau an requisite wlaws <br />including By -laws providing for temporary advances and fm the issue <br />and sale of debentures, provided that the term of the debwturaa s hall <br />not exceed twenty (20) years. <br />AND WHEREAS it is deerned expedient to borrm. sa Mmporary <br />advances pending the issue and sale of debenture. the PAID a[ x187.• <br />&58.00 for the purpose aforesaid. <br />NOW THEREFORE the Council ON the Corpaeatim Of the County <br />of Essex enacts as follows: <br />1. The Corporation shall borrow and dotb bsraby autborim the <br />borrowing from The Canadian Imperial Bank at Cammsrre as teerpo- <br />rary advances pending the issue and sale of debenture, as above cited <br />such advances as may be required but not exeeedtng a total d VW- <br />8%.00 on the terms and subject to the eonditfms set feetb in this *6 <br />law. <br />2 Within the limit aforesaid and as mmiss are reQuhmd fins <br />