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BY-LA~ ~J~ER 1553 <br /> <br />A BY-LAW OF THE COUNTY OF ESSEX TO RAISE A LOAN TO MEET THE CUR.WJ~NT EXPEh~ITURES <br />OF THE SUN PARLOR HO~ FOR SENIOR CITIZ~IS FOR THE YEAR 1965. <br /> <br /> ~/,~qF~EAS it has been expedient and necessary to raise by way of a loan <br />the sum of Seventy-Five Thousand Dollsrs ($75,000.00) required to meet the <br />current expenditures of the Sun Parlor Home for Senior Citizens during the year <br />1965. <br /> <br /> BE IT THEREFORE ENACTED by the Municipal Council of the Corporation <br />of the County of Essex and it is hereby enacted: <br /> <br /> 1. That it shall and may be lawful for the Corporation of the County <br />of Essex to borrow from any chartered bank or ba~s the sum of Seventy-Five <br />Thousand Dollars ($75,000.00) for the purpose aforementioned to meet the current <br />expenditures of the Sun Parlor Home for Senior Citizens for the year 1965 by demand <br />notes at the rate of Five and Three-Quarters per centum (5~%) per annum. <br /> <br /> 2. The Warden and Treasurer of the County of Essex be and they are <br />hereby authorized to enter into agreements to carry into effect the said loan. <br /> <br /> 5. That all and any revenues of the Corporation are hereby charged <br />with repayment of all monies borrowed under the authority of this by-law and <br />the said chartered bank or banks are hereby declared to have a~lien upon all <br />the said revenues untilthe loan created under the authority of this by-law is <br />fully satisfied. <br /> <br /> 4. That the Treasurer is hereby authorized and directed to apply <br />as much of the revenues of the Corporation as may be necessary in payment of <br />the obligations of the Corporation created aforesaid. <br /> <br />All other by-laws inconsistent to this by-law are hereby repealed. <br /> <br /> This by-law shall come into force and take effect as of the 1st <br />day of January, 1965. <br /> <br />Passed this ~day of January, 1965 in open Council. <br /> CLERK* S CERTIFICATE <br /> <br /> I, C. A. Keeley, Clerk of the Corporation of the County of Essex, <br />do hereby certify that the foregoin~ is a true and correct copy of by-law n~dmber <br />1553 read in open Council the necessary times and finally passe~, at its J=~'nmary <br />1965 Session. '~ <br /> <br /> Clerk <br /> County of Essex ~$- <br /> <br /> <br />