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BY-LAW NmqBma 1788 <br /> <br />A BY-LAW OF rHl~ ~,0U,~i'i OF ESSEX r0 Rg_ISE A lOAN TO MEET THE <br />CURRENT EX]PENDITURES OF 1]-IE COUNTY OF ESSEX FOR THE '!gEAR 1969. <br /> <br /> WHEREAS it has been deemed expedient and necessargr <br />to raise a loan of One ~iilron Bollars ($1,000~000o00) required to <br />meet the current expenditures for the County of Essex for the year <br />1969. <br /> <br /> BE Ir THEREFORE enacted by the Mur~icipal Council of the <br />Corporation of the County of Essex as follows: <br /> <br /> I. That it shall and may be lawful for the Corporation of <br />the County of Essex to borrow from the chartered bank or banks the sum <br />of One Million Dollars ($!sO00~000.O0) for the purpose aforementioned <br />to meet the current expenditures for the year 1969~ by demand notes at <br />the rate of interest prevailir~ at the tJ~ne of the borrowing of the <br />required money. <br /> <br /> 2. That the Warden and Treasurer of the County of Essex be <br />and rlhe~ are hereby author'ized ro enter in~o necessary- agre~neots to <br />carryinto effect the said loan. <br /> <br /> 3. That ali amd any revenues of the Corporation are hereby <br />charged with repayment of' all monies borrowed render tae authority to <br />this by~Zaw and tlhe said clhartered bank or banks are hereby declared <br />to ha~e a lien upon ali the ~,aid revenues ut~til the loan created under <br />the authority of this b?.law is fully satisfied. <br /> <br /> 4° that the treasurer is hereby authorized and directed to <br />apply so much of the reYenues of the Corporation as may be necessary <br />in payment of the obligations of the Corporation created as aforesaid. <br /> <br /> This by-law slhall come into torce ard effect as of the <br />day of Jarmacy, 1969. <br /> <br /> Passed in open ~2,~uncil this /~day of January~ 1969. <br /> <br />Warden <br /> <br />1st reading=Jan o/~"/69 <br />2nd -reading-Jan./~ /~ <br />3rd reading ~Jano/~5-/69 <br /> <br />CLERK,S CERTIFICATE <br /> <br /> I, C. A~ Keeley~ Clerk of the Cot?oration of the County of <br />Essex~ do hereby certif~ that the foregoirg is a true and correct copy <br />of By-law Ntunber. ] 788 read in open Council the necessary times <br />and finally passed at its ~anuary~ 1969 Session. <br /> <br /> · . <br /> Corporation of tlheCtT0u~ty~of Essex <br /> <br /> <br />