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SEPTEMBER - OCTO SPECI SESSIONS, 1967 71 <br />THE CORPORATION OF THE COUNTY Or E882X <br />Debenture By -Law Number 1721 <br />A BY -LAW AUTHORIZING A GRANT IN THE AMOUNT' <br />OF $628,000.00 TO THE ESSEX HEALTH ASSOCIATION <br />OPERATING THE LO.DJL HOSPITAL. <br />WHEREAS Sub - section 35 of Section 377 of The Mtmicspal Act <br />being R.S.O. 1960, Chapter 249 and amendments thereto suthorim <br />Councils of all municipalities to pass by -laws for granting aid for the <br />erection, establishment, maintenance or equipment of public hospitals <br />and to issue debentures therefor; <br />AND WHEREAS it is deemed expedient to grant to the Esars <br />Health Association operating the I.O.D.E. Hospital in the City of <br />Windsor the sum of $ 528, 000.00 payment of the cost of the addition to <br />I.O.D.E. Hospital in the City of Windsor, which sum will be payable <br />in ten annual instalments and to issue debentures therefor, without <br />interest, payable annually in the amounts per annum shown in Sche` <br />dule "A" attached to this By -law; <br />AND WHEREAS it is deemed expedient to make the pftdpal <br />of the said debt repayable in annual instalments during the period of <br />ten (10) years commencing in the year following the issue of web <br />debentures. <br />NOW THEREFORE the Council of the Corporation of the County <br />of Essex enacts as follows: <br />1. For the purpose aforesaid the Council of the Corporation of <br />the County of Essex shall grant to the Essex Health Association oper- <br />ating the I.O.D.E. Hospital in the City of Windsor the stun of $MOO& <br />and shall issue debentures therefor in stuns per annum shown in Sche- <br />dule "A" attached to this by -law; <br />2. Each debenture shall be payable without interest as set out <br />In the respective years in Schedule "A" to this by -bvi. <br />3. The debentures shall be dated the 1st day of December, A.D. <br />1987, and shall be made payable in ten (10) annual instalments on the <br />15th day of December in each of the years 1968 to 1977 both incbXdvt; <br />and the respective amount of principal payable in each of the said <br />years shall be the amount so designated in Schedule "A" attacW to <br />and forming part of this by -law. <br />4. The said debentures when issued shall be del VWW to Mm <br />Health Association operating the I.O.D.E. Hospital. <br />