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1973-71 SunParlorBorrowing$263K
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1973-71 SunParlorBorrowing$263K
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12/24/2012 10:20:33 AM
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C - Council, Boards and By-laws
C - Council, Boards and By-laws - Date
7/7/1971
C - Council, Boards and By-laws - Department
Sun Parlor Home
C - Council, Boards and By-laws - Description
A Bylaw authorizing the borrowing of $263,500 upon debentures towards the cost of construction of an addition to the Sun Parlor Home for Senior Citizens.
C - Council, Boards and By-laws - Bylaw No
1973-71
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By-law
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- 2 - <br />5. In each year during the currency of the debentures <br />there shall be levied and raised annually by a special rate <br />sufficient therefor, over.and above all other rates and at the <br />same time and in the same manner as other rates, on all the <br />rateable property in the County of Essex, the respective <br />amounts falling due for principal and interest in that year <br />as set forth in the said Schedule "A ", but no greater amount <br />shall be'levied and received than is required after taking <br />into account receipts from any other source whatsoever. <br />6. The said debentures may contain a clause providing <br />for the registration thereof as authorized by section 323 of <br />The Municipal Act, R.S.O. 1960, C. 249. <br />7. Pending the sale of the said debentures, the Warden <br />and the Treasurer may raise for the purpose aforesaid by way <br />of loan on such debentures any sum or sums of money not ex- <br />ceeding in all the sum hereby authorized to be borrowed and <br />may hypothecate such debentures for such loan. <br />READ A FIRST, SECOND AND THIRD TIME AND FINALLY <br />PASSED this 7th day of July, 1971. <br />D7 Clerk - <br />
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