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1572-65 RaiseALoanForSunParlor
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1572-65 RaiseALoanForSunParlor
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12/24/2012 10:20:34 AM
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C - Council, Boards and By-laws
C - Council, Boards and By-laws - Date
10/20/1965
C - Council, Boards and By-laws - Department
Sun Parlor Home
C - Council, Boards and By-laws - Description
A bylaw of the county of essex to raise a loan to meet the expenditures for the addition to the sun parlor home for senior citizens.
C - Council, Boards and By-laws - Bylaw No
1572-65
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By-law
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BY-LAW NUMBER ~572 <br /> <br />A BY LAW OF THE COUNTY OF ESSEX TO RAISE A LOAN <br />TO MEET THE EXPENDITURES FOR THE ADDITION TO THE <br />SUN PARLOR HOME FOR SENIOR CITIZENS IN THE COUNTY <br />OF ESSEX. <br /> <br /> WHEREAS it has been deemed expedient and neces- <br />sary to raise a loan of Five Hundred and Fifty Thousand <br />Dollars ($550,000.00) required to meet the expenditures <br />for the addition to the Sun Parlor Home for Senior Citizens <br />in the County of Essex. <br /> <br /> 1. BE IT THEREFORE ENACTED by the Municipal <br />Council of the Corporation of the County of Essex to <br />borrow from the Chartered Bank or Banks, the sum of Five <br />Hundred and Fifty Thousand Dollars ($550,000.00) for the <br />purpose aforementioned to meet the expenditures for the <br />addition to the Sun Parlor Home for Senior Citizens in <br />the County of Essex 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 <br />of Essex be and they are hereby authorized to enter into <br />the necessary agreements to carry into effect the said <br />loan. <br /> <br /> 3. All the revenues of the Corporation are <br />hereby charged with the repayment of all monies borrowed <br />under the authority of this By-law and'the said Chartered <br />Bank or Banks are hereby declared to have a lien upon all <br />the revenues until this said loan under the authority of <br />this By-law be fully satisfied. <br /> <br /> 4. The Treasurer is hereby authorized and directed <br />to apply so much of the revenues of the Corporation as may <br />be necessary in payment of the obligations of the Corporation <br />created aforesaid. <br /> <br /> 5. That this By-law shallc°me into force and take <br />effect upon the final passing thereof. <br /> <br /> Passed in open council this <br />A. D. 1965. <br /> <br />Warden <br /> <br />CLERK' S CERTIFICATE <br /> <br /> I, C. A. Keeley, Clerk of the Corporation of <br />the County of Essex, do hereby certify that the foregoing <br />is a true copy of By-law Number l~72.passed by the Council <br />of the said Corporation on the ~:~day of._~~~[~Z)~--f <br />1965. - <br /> <br /> '~'~leP~pk/ua~io~ ~h~ <br /> County of Essex~ ~ ~ <br /> <br /> <br />
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