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1667-66 RaiseALoan
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1667-66 RaiseALoan
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12/24/2012 10:29:06 AM
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C - Council, Boards and By-laws
C - Council, Boards and By-laws - Date
11/16/1966
C - Council, Boards and By-laws - Department
Finance
C - Council, Boards and By-laws - Description
A bylaw of the county of essex to raise a loan to meet the current expenditures of the county of essex for the year 1966.
C - Council, Boards and By-laws - Bylaw No
1667-66
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By-law
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SUPPLEMENTARY BY-LAW NUMBER 1667 <br /> <br />A BY-LAW OF THE COUNTY OF ESSEX TO RAISE A LOAN <br />TO MEET THE CURRENT EXPENDITURES OF THE COUNTY <br />OF ESSEX FOR THE YEAR 1966. <br /> <br /> WHEREAS it has been deemed expedient and necessary to <br />raise a loan of Three Hundred Thousand Dollars ($300,000.00) required <br />to meet the current expenditures for the County of Essex for the <br />year 1966. <br /> <br /> BE IT THEREFORE ENACTED BY THE Municipal Council of the <br />Corporation of the County of Essex as follows: <br /> <br /> 1. That it shall and may be lawful for the Corporation <br />of the County of Essex to borrow from the chartered bank or banks the <br />sum of Three Hundred Thousand Dollars ($300,000.00) for the purpose <br />afore-mentioned to meet the current expenditures for the year 1966 by' <br />demand notes at the rate of Five and Three-Quarters per centum (5~o) <br /> <br />per annum. <br /> <br /> 2. That the Warden and Treasurer of the County of Essex be <br />and they are hereby authorized to enter into necessary agreements to <br />carry into effect the said loan. <br /> <br /> 3. That ali and any revenues of the Corporation are <br />hereby charged with payment of all monies borrowed under the authority <br />of this by-law and the said chartered bank or banks are hereby declared <br />to have a lien upon all the said revenues until the loan created under <br />the authority of this by-law is fully satisfied. <br /> <br /> 4. That the Treasurer is hereby authorized and directed <br />to apply so much of the revenues of the Corporation as may be necessary <br />in payment of the obligations of the Corporation created as aforesaid. <br /> <br /> This by-law shall come into force and take effect as of the <br />1st day of December, 1966. <br /> <br /> Passed in open Council this /d/~day of November, 1966. <br /> <br />Warden <br /> <br />CLERK* S CERTIFICATE <br /> <br /> I, C.A. Keeley, Clerk of the Corporation of the County of <br />Essex, do hereby certify that the foregoing is a true and correct copy <br />of By-law 1667 read in the open Council of the County of Essex the <br /> <br />necessary t~es and finally passed at its Nov~ber Session, 1966. <br /> <br /> <br />
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