My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
2157-75RdSystemExpenditures
COE-Web
>
PUBLIC DOCUMENTS
>
Council Services Documents
>
Bylaws
>
1975
>
2157-75RdSystemExpenditures
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
12/24/2012 12:12:29 PM
Creation date
7/11/2003 1:37:51 PM
Metadata
Fields
Template:
C - Council, Boards and By-laws
C - Council, Boards and By-laws - Date
1/22/1975
C - Council, Boards and By-laws - Department
Engineering/Roads
C - Council, Boards and By-laws - Description
A by-law to authorize the borrowing of $1,500,000.00 to meet the current expenditures of the County of Essex Raod System for the year 1975.
C - Council, Boards and By-laws - Bylaw No
2157-75
Supplemental fields
Type
By-law
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
2
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
BY-LAW NUMBER #2157 <br /> <br />A BY-LAW TO AUTHORIZE THE BORROWING OF $ 1,500,000.00 TO MEET <br />THE CURRENT EXPENDITURES OF THE COUNTY OF ESSEX ROAD SYSTEM <br />FOR THE YEAR 1975. <br /> <br /> WHEREAS the Council of the Corporation of the County of <br />Essex (hereinafter called The "Municipality") deems it necessary to <br />borrow the sum of $ 1,500,000.00 to meet, until the taxes are collected, <br />the current expenditures of the municipality for the year; <br /> <br /> AND WHEREAS the total amount of the estimated revenues of <br />the municipality as set forth in the estimates adopted for the year 1974 is <br />$ 7,222,499.00. <br /> <br /> AND WHEREAS the total of amounts heretofore borrowed for the <br />purposes mentioned in subsection (1) of Section 332 of The Municipal Act <br />which have not been repaid is nil. <br /> <br />THEREFORE the Council of the County of Essex hereby enacts as <br /> <br />follows: <br /> <br /> 1. The Head and the Treasurer are hereby authorized on behalf <br />of the municipality to borrow from time to time by way of promissory note from <br />the Canadian Imperial Bank of Cor~nerce a sum or sums not exceeding in the <br />aggregate $ 1,500,000.00 to meet, until the taxes are collected the current <br />expenditures of the municipality for the year, including the amounts required <br />for the purposes mentioned in Subsection (1) of Section 332 of the Municipal <br />Act, and to give on behalf of the municipality to the bank a promissory note <br />or notes sealed with the Corporate Seal and signed by the Head and Treasurer <br />for the moneys so borrowed, with interest as such rate as may befagreed upon <br />from time to time with the bank! <br /> <br /> 2. Ail sums borrowed pursuant to the authority of this by-law <br />as well as all other sums borrowed in this year and in previous years from <br />the said bank for any or all of the purposes mentioned in the said Section 332, <br />shall, with interest thereon, be a charge upon the whole or the revenues of <br />the municipality for the current year and for all preceding years as and <br />when such revenues are received. <br /> <br /> 3. The Treasurer is hereby authorized and directed to apply in <br />payment of all sums borrowed as aforesaid, together with interest thereon, <br />all the moneys hereafter collected or received either on account or realized <br />in respect of taxes levied for the current year and preceding years or from <br />any other source which may lawfully be applied for such purpose. <br /> <br />4. Ail other by-laws inconsistent to this by-law are hereby <br /> <br />repealed. <br /> <br /> 5. This by-law shall come into force and take effect as of the <br />1st day of January, 1975. <br /> <br /> <br />
The URL can be used to link to this page
Your browser does not support the video tag.