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1679A-67 RaiseSplmntLoan
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1679A-67 RaiseSplmntLoan
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12/24/2012 10:29:07 AM
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C - Council, Boards and By-laws
C - Council, Boards and By-laws - Date
10/18/1967
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 supplementary loan to meet the current expenditures of the county of essex for the year 1967.
C - Council, Boards and By-laws - Bylaw No
1679A-67
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By-law
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SUPPLEMENTARY BY-LAIr N~dBER 1679A <br /> <br />A BY-LAir OF THE COUNTY OF ESSEX TO RAISE A YUPPLE$'~NTARY <br />LOAN TO MEET THE CURRE~T EXPE~(DITURE$ OF THE COU~!TY OF <br />ESSEX FOR THE YEAR 1967. <br /> <br /> ~HEREAo it has been deemed expedient and <br />necessary to raise a loan of Two Hundred and Fifty Thousand <br />Dollars ($250,000.00) required to meet the current expenditures <br />for the County of gssex for the year 1967. <br /> <br /> BE IT THEREFORE enacted by the Municipal Council <br />of the Corporation of the County of Essex as follows: <br /> <br /> ~. That it shall and may be lawful for the <br />Corporation of the County of Essex to borrow from the chartered <br />bank or banks the sum of Two Hundred and Fifty Thousand Dollars <br />($250,000.00) for the purpose aforementioned to meet the <br />current expenditures for the year 1967 by demand notes at <br />the rate of Five and Three-Quarter (5{~) per centum per annum. <br /> <br /> 2. That the ~arden and Treasurer of the County <br />of Essex be and they are hereby authorized to enter into <br />necessary agreements to carry into effect the said loan. <br /> <br /> 3. That all and any revenues of the Corporation <br />are hereby charged with pas~ent of all monies borrowed under <br />the authority of this by-law and the said chartered bank or <br />banks are hereby declared to have a lien upon all the said <br />revenues until the loan created under the authority of this <br />by-law is fully satisfied. <br /> <br /> 4. That the Treasurer is hereby authorized <br />and directed to apply so much of the revenues of the Corpora- <br />tion as may be necessary in payment of the obligations of <br />the Corporation created as aforesaid. <br /> <br /> This By-law shall come into force and take <br />effect as of the 1st day of October, 1967. <br /> <br /> Passed in open Council this <br />October, 1967. <br /> <br />1Sth day of <br /> <br />1st reading- October 18/67 <br />2nd reading- October 18/67 <br />3rd reading- October 18/67 <br /> <br />CLERK' S CERTIFICATE <br /> <br /> I, C. A. Keeley, Clerk of the Corporation <br />of the County of Essex, do hereby certify that the fore- <br />going is a true and correct copy of By-law Number 1679A <br />read in open Council the necessary times and finally pasaed <br />at its October, 1967 Sessi~c~ ~ <br /> <br /> <br />
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