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CORPORATION OF ~!E COUNTY OF ESSEX <br /> <br />A By-law authorizing a grant in the amount of ~50~000.00 <br />to The Religious Hospitalers of the Hotel Dieu of St. <br />Joseph of the Diocese of London~ Ontario. <br /> <br /> ~gHEREAS Sub-section 35 of Section 377 of The I~iunicipal Act <br />being R.S.O. 1960, Chapter 249 and amendments thereto authorizes Councils <br />of all municipalities to pass by-laws for granting aid for the erection~ <br />establis~uent~ maintenance or equipment of public hospitals and to issue <br />debentures therefor; <br /> <br /> AIYDWH]EREAS it is deemed e~edient to grant to The Religious <br />Hospitalers of the Hotel Dieu of St. Joseph of the Diocese of London, Ontario <br />the sum of $250,000.00 in part payment of the cost of the addition to Hotel <br />Dieu Hospital in the City of Windsor, which sum will be payable in ten equal <br />instalments of ~5~000.00 and to issue debentures therefor, without interest, <br />payable annually in the mnounts per a~uum shown in Schedule "A:: attached to <br />this by-law; <br /> <br /> ~2~D WI{EREAS it is deemed e~edient to make the principal of <br />the said debt repayable in annual instahuents during the period of ten (10) <br />years conm~encing in the year of the issue of such debentures. <br /> <br /> NOW ~![k~REFO~ ~{E COUi'ICIL OF %~ CORPO~TION OF 5~{E COUNTY OF <br />ESSEX E~C2BAS FOLLOWS:- <br /> <br />1. For the purpose aforesaid the Council of the Corporation of <br /> <br />the County of Essex shall grant to The Religious Hospitalers of the Hotel <br />Dieu of St. Joseph of the Diocese of London, Ontario the sum of ~50~000.00 <br />and shall issue debentures therefor in sums of $25,000.00 each. <br /> <br />2. Each debenture shall be payable without interest as set out <br /> <br />in the respective years in Schedule ~'A" attached to this by-law. <br /> <br />3. The debentures shall be dated the 15th day of ~rch, A.D., <br /> <br />1964 and shall be made payable in ten (10) annual instalments on the 15th <br />day of December in each of the years 1964 to 1973, both inclusive, and the <br />respective m~ount of principal payable in each of the said years shall be <br />the amount so designated in Schedule '~A" attached to and forming part of this <br />by-law. <br /> <br /> <br />