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20-1855-Money for Rd Improvements
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20-1855-Money for Rd Improvements
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6/13/2013 1:07:01 PM
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C - Council, Boards and By-laws
C - Council, Boards and By-laws - Date
12/4/1855
C - Council, Boards and By-laws - Department
Council Services
C - Council, Boards and By-laws - Description
20-1855-Money for Rd Improvements
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C - Council, Boards and By-laws - Type
By-law
Type
By-law
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17 <br />ow tlat it 4WI and ropy be lawful for the said Nuumpali y of (k <br />pwety of Eases to raise, by way of Loan, the sum of t10,000 for tb@ <br />lens of 20 years, at a rate of interest not exceeding wix per cat ter <br />am from any person or persons, body Corporate or Politic,wbo may <br />is willing to advance the said mum upon the credit of the Debentara <br />W ioafter mentioned. <br />II. And be it fnrtLer enacted, That it dull and may be IawU for ttie <br />Is icipal Council of the County of Essex to cause or direct any number <br />d Debentures to be issued for such sum or sums of money, not exceed. <br />hg in the whole the said sum of X10,000, as any perron or pwwzmk body <br />mrpaate or politic shall agree to advance; BACK DebentDree to be in <br />eras of not lea than X25 each, and to be signed bT the `Varda for the <br />be bebg, and eountersigned by the Treasurer of the county of Eon& <br />wed shall have coupons attached to each for the said interest with the <br />kutmesof the '%Yarden and Treasurer thereto, and the said Debentures <br />spell be made payable 20 fears after their date, and issued with a pro- <br />riatbat the said Municipal Council may redeem them at any time after <br />6m years, if they shall desiee to do so. <br />IIL And be it enacted, That the said Debentures shall beer interest <br />bathe dates thereof respectively, at the rate of sax per neat per annum <br />which interest shall be payable, at the of 1w of Mwars. Glynn, Mills & <br />COpwy, of the City of London, England, half yearly on the lat days <br />d jmu vy and July in each year. <br />D'. Be it exacted, That for the payment of the Debentures so issued <br />•d the interest thereon, there shall be levied and raised upon the whole <br />amble property within the raid county of Essex, a special rate is each <br />1WI ow and above and in addition to all other rates and a+eesaanents <br />wryer, that is to say, in each year after the present year 1835, until <br />red including the year 1876, a rate of $ of a penny in the 9 uPaa the <br />whole rateable property of the said County of Essex, and shall be applied, <br />when eolleeted, solely to the pay Ineut sad atisfaction of auoh Debextuft <br />astil web Debentures shall be fully paid, satisfied and diashatged► <br />V. Asd bs it eu wA4 That ony everpine of the amount eodleoW fit <br />0 <br />
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