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1510-64 RaiseALoan
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1510-64 RaiseALoan
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12/24/2012 10:29:05 AM
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C - Council, Boards and By-laws
C - Council, Boards and By-laws - Date
1/22/1964
C - Council, Boards and By-laws - Department
Finance
C - Council, Boards and By-laws - Description
A bylaw of the county of essex to raise a loan to meet the current expenditures of the county of essex for the year 1964.
C - Council, Boards and By-laws - Bylaw No
1510-64
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By-law
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BY-LAW NUMBER 151._0. <br /> <br />A BY-LAW OF THE COUNTY OF ESSEX TO RAISE A <br />LOAN TO MEET THE CURRENT EXPENDITURES OF <br />THE COUNTY OF ESSEX FOR THE YEAR 1964 <br /> <br /> WHEREAS it has been deemed expedient and necessary to <br />raise a loan of Five Hundred Thousand Dollars ($500,000.00) <br />required to meet the current expenditures for the County of <br />Essex for the year 1964. <br /> <br /> BE IT THEREFORE ENACTED by the Municipal Council of <br />the Corporation of the County of Essex to borrow from the <br />chartered bank or banks the sum of Five Hundred Thousand Dollars <br />($500,000.00) for the purpos~ afore-mentioned to meet the current <br />expenditures for the year 1964 by demand notes at the rate of Five <br />and Three-Quarters per centum (5~%) per annum. <br /> <br /> 2. That the Warden and Treasurer of the County of Essex <br />be and they are hereby authorized to enter into necessary agree- <br />ments to carry into effect the said loan. <br /> <br /> 3. That all and any revenues of the Corporation are <br />hereby charged with payment of all monies borrowed under the <br />authority of this by-law and. the said chartered bank or banks are <br />hereby declared to have a lien upon all the said revenues until <br />the loan created under the authority of this by-law is fully satis- <br />fied. <br /> <br /> $. That the Treasurer is hereby authorized and directed <br />to apply so much of the revenues of the Corporation as may be <br />necessary in payment of the obligations of the Corporation created <br />as aforesaid. <br /> <br /> This by-law shall come into force and take effect as of <br />the 1st day of January, 1964. <br /> <br />repealed. <br /> <br />All other by-laws inconsistent of this by-law are hereby <br />Passed in open Council this ~%~day of January, 196&. <br /> <br />CLERK ' S C~ERTI FI CATE <br /> <br /> I, C. A. Keeley, Clerk of the Corporation of the County <br />of Essex, do hereby certify that the foregoing is a true and correct <br />copy of by-law 1510 of the Essex County ~c~ll~ <br /> <br /> <br />
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