Laserfiche WebLink
BY-LAW NUI~ER 1551 <br /> <br />A BY-LAW OF THE COUNTY OF ESSEX TO RAISE A LOAN T.O MEET THE CURRENT F~PE~YTt~F~ <br />OF THE COUNTY OF ESSEX FOR THE YW~R 1965. <br /> <br /> %~FAS it has been deemed expedient and necessary to raise a loan of <br />Seven Hundred Thousand Dollars (~700,000.00) required to meet the current expendi- <br />tures for the County of Essex for the year ~965. <br /> <br /> BE IT THEREFORE ENACTED by the Municipal Council of the Corporation <br />of the County of Essex to borrow from the chartered bank or banks the sum of <br />Seven Hundred Thousand Dollars ($700,000.00) for the purpose aforementioned to <br />meet the current expenditures for the year 1965 by demand notes at the rate of <br />Five and Three-Quarters per centum (5-~%) per annum. <br /> <br /> 1. That the Warden and Treasurer of the County of Essex be and they <br />'are hereby authorized to enter'into necessary agreements to carry into effect <br /> the said loan. <br /> <br /> 2. That all and any revenues of the Corporation are hereby charged <br />with payment Of all monies borrowed under the authority of this by-law and the <br />said chartered bank or banks are hereby declared to have a lien upon all the <br />said revenues until the loan created under the authority of this by-law is fully <br />satisfied. <br /> <br /> 5. That the Treasurer is hereby authorized and directed to apply so <br />mUch of the revenues of the Corporation as may be necessary in payment of the <br />obligations of the Corporation created as aforesaid. <br /> <br /> This by-law shall come intoforce and take effect as of the 1st day <br />of January, 1965. <br /> <br />All other by-laws inconsistent of this by-law are hereby repealed. <br /> <br />Passed in open Council this ~a?~day of 4anuary, 1965. <br /> CL~K~S CERTIFICATE <br /> <br /> I, C. A. Keeley, Clerk of the Corporation of the County of Essex, do <br />hereby certify that the foregoing is a true and correct copy of by-law 1551 <br />read in the open Council of the County of Essex the necessary times and fiscally <br />passed at its January Session, ~1965. <br /> <br /> C. A ley <br /> Clerk <br /> County of Essex <br /> <br /> <br />