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BY LAW NUMBER 1676 <br /> <br />A BY-LAW OF THE COUNTY OF ESSEX TO RAISE A LOAN TO <br />MEET THE CURRENT XPEN~ITURES OF THE SUN PARLOR <br /> E ~ <br />HOME FOR SENIOR CITIZENS FOR THE YEAR 1967. <br /> <br /> WHEREAS it has been expedient and necessary <br />to raise by way of a loan the sum of seventy-five thousand <br />dollars ($75,000.00) required to meet the current expenditures <br />of the Sun Parlor Home for Senior Citizens during the year <br />1967. <br /> <br /> BE IT THEREFORE enacted by the Municipal Council <br />of the Corporation of the County of Essex and it is hereby <br />enacted: <br /> <br /> 1. That it shall and may be lawful for the <br />Corporation of the County of Essex to borrow from any <br />chartered bank or banks the sum of seventy-five thousand <br />dollars ($75,000.00) for the purposes afore-mentioned to <br />meet the current expenditures of the Sun Parlor Home for <br />Senior Citizens for the year 1967 by demand notes at the <br />rate of six per centum (6%) per annum. <br /> <br /> 2. The Warden and Treasurer of the County <br />of Essex be and they are hereby authorized to enter into <br />agreements to carry into effect the said loan. <br /> <br /> 3. That all any any revenues of the Corporation <br />are hereby charged with 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 ali_ <br />the said revenues until the loan created under the authority <br />of this by-law is fully satisfied.. <br /> <br /> 4. That the Treasurer is hereby authorized <br />and directed to apply as much of the revenues of the <br />Corporation as may be necessary in payment of the obliga- <br />tions of the Corporation created aforesaid. <br /> <br /> All other by-law inconsistent to this by-law <br />are hereby repealed. <br /> <br /> This by-law shall come into force and take <br />effect as of the 1st day of January, 1967. <br /> <br /> Passed this llth day of January, 1967 in <br />open Council. <br /> <br />1st reading- Jan.ll/67 <br />2nd reading- Jan.ll/67 <br />3rd reading- Jan.ll/67 <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 and correct copy of By-law Number 1676 read in <br />open Council the necessary times and finally passed at its <br />January, 1967 Session. <br /> <br /> <br />