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BY-LAW NUMBER 2630 <br /> <br />A BY-LAW TO AUTHORIZE A GRANT IN AID TO THE WINDSOR <br />WESTERN (I.O.D.E.) HOSPITAL IN THE AMOUNT OF <br />~00,000.00, FOR THE BUILDING OF A NEW FREE-STANDING <br /> ONIC CARE FACILITY. <br /> <br /> WHEREAS Sub-section 1 of Section 113 of the <br />Municipal Act, R.S.O. 1980, Chapter 302 and amendments thereto, <br />authorizes Councils of all municipalities to pass by-laws for <br />granting aid in the best interest of the municipality. <br /> <br /> AND WHEREAS, it is deemed beneficial to the <br />municipality to grant to Windsor Western (I.O.D.E.) Hospital in <br />the City of Windsor the sum of $300,000.00, which sums will be <br />payable in ten (10) annual installments, and to issue debentures <br />therefore, without interest, payable annually in the amounts per <br />annum shown in Schedule "A" attached to this by-law. <br /> <br /> AND WHEREAS it is deemed expedient to make the <br />principal of the said debt repayable in annual installments <br />during the period of ten (10) years commencing in the year of the <br />issue of such debentures. <br /> <br /> NOW THEREFORE the Council of the Corporation <br />of the County of Essex enacts as follows: <br /> <br /> 1. For the purpose aforesaid the Council of the <br />Corporation of the County of Essex shall grant Windsor Western <br />(I.O.D.E.) Hospital in the City of Windsor the sum of $300,000.00 <br />and shall issue debentures therefor in the amounts per annum <br />shown in Schedule "A" attached to this by-law; <br /> <br /> 2. Each debenture shall be payable without <br />interest as set out in the respective years in Schedule "A" <br />attached to this by-law. <br /> <br /> 3. The debentures shall be dated the 20th day of <br />December 1986, and shall be made payable in ten (10) annual <br />installments on the 20th day of December, in each of the years <br />1986 to 1995 both inclusive, and the respective amount of <br />principal payable in each of the said years shall be the amount <br />so designated in Schedule "A" attached to and forming part of <br />this by-law. <br /> <br />delivered <br />Windsor. <br /> <br /> 4. The said debentures when issued shall be <br />to Windsor Western (I.O.D.E.) Hospital in the City of <br /> <br /> 5. The debentures shall be payable in lawful <br />money of Canada and may be payable at the Essex County Civic & <br />Education Centre in the Town of Essex. <br /> <br /> <br />