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BY-LAW N~MBER 1604 <br /> <br />A BY-LAW OF THE COUNTY OF ESSEX TO RAISE A LOAN TO MEET THE <br />CUDi~ENrE ,EXPENDITURES OF THE SUN PARLOR HOME FOR SENIOR CITIZENS <br />FOR THE YEAR 1966. <br /> <br /> WHEREAS it has been expedient and necessary to raise by <br />way of a loan the sum of Seventy-Five Thousand Dollars ($75,000.00) <br />required to mee~ the current expenditures of the Sun Parlor Home <br />for Senior C~.tizens during the year 1966o <br /> <br /> BE IT THEREFORE ENACTED by the Municipal Council of the <br />Corporation of the County of Essex and it is hereby enacted: <br /> <br /> 1. That it shall and may be lawful for the Corporation <br />of the County of Essex to borrow from any chartered bank or banks <br />the sum of Seventy-Five Thousand Dollars ($75,000.00) for the <br />purposes aforementioned to meet the current expenditures of the <br />Sun Parlor Home for Senior Citizens for the year 1966 by demand <br />notes at the rate of Five and Three-Quarters per centum (53/4B) <br />per annum. <br /> <br /> 2. The Warden and Treasurer of the County of Essex be <br />and they are hereby authorized to enter into agreements to carry <br />into effect the said loan. <br /> <br /> 3. That all and any revenues of the Corporation are <br />hereby charged with repayment of all monies borrowed under the <br />authority of this by-law and the said chartered bank or banks <br />are hereby declared to have a~lien upon all the said revenues <br />until the loan created under the authority of this by-law is <br />fully satisfied. <br /> <br /> 4. That the Treasurer is hereby authorized and directed <br />to apply as much of the revenues of the Corporation as may be <br />necessary in payment of the obligations of the Corporation created <br />aforesaid. <br /> <br /> Ail other by-laws inconsistent to this by-law are hereby <br />repealed. <br /> <br /> This by-law shall come into force and take effect as of <br />the 1st day of January, 1966. <br /> <br /> Passed this /~/~day of January, 1966 in open Council, <br /> <br />CLERK'S CERTIFICATE <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 <br />correct copy of by-law number 1604 read in open Council the <br />necessary times and finally passed at its 3anuary, 1966 SesSion® <br /> <br /> County of Essex. <br /> <br /> <br />