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OCTOBER SPECIAL SESSION, 1965 531 <br />BY - LAWS <br />By -Lew Number 1572 <br />A BYLAW OF THE COUNTY OF ESSEX TO RAISE A <br />LOAN TO MEET THE EXPENDITURES FOR THZ <br />ADDITION TO THE SUN PARLOR HOME FOR SENIOR <br />CITIZENS IN THE COUNTY OF ESSEX. <br />WHEREAS it has been deemed expedient and necessary to raise <br />a loan of Five Hundred and Fifty Thousand Dollars ($550,000.00) <br />required to meet the expenditures for the addition to the Sun Parlor <br />Home for Senior Citizens in the County of Essex. <br />1. BE IT THEREFORE ENACTED by the Mtudapal Council <br />of the Corporation of the County of Essex to barrow from the Char- <br />tered Bank or Banks, the sum of Five Hundred and Fifty TAousand <br />Dollars ($550,000.00) for the purpose aforementioned to meet the <br />expenditures for the addition to the Sun Parlor Home for Senior Chi- <br />nn in the County of Essex by demand notes at the rate of Five sand <br />Three Quarters per Centum (5 % %) per annum <br />2. That the Warden and T m4wurer of the County of Emm be <br />and they are hereby authorized to enter into the necessary agresmsats <br />to carry into effect the said loan. <br />3. All the revenues of the Corporation are hereby dapped wi4h <br />the repayment of all monies borrowed under the authortty of this By. <br />law and the said Chartered Bank or Banks are hereby declared to have <br />a lien upon all the revenues until this said loan under the authority of <br />this By -law be frilly satisfied. <br />4. The Treasurer is hereby authorized and dheetsd to appi',jr <br />so much of the revenues of the Corporation as may be nummary to <br />payment of the obligations of the Corporation created aforesaid. <br />5. That this By -law shall come into force and take slhet upess <br />the final passing thereof. <br />Paved in open council this 20th day of October. A.D. 19M <br />I= CADA, Warden C. A. X ZL]CY, C7srk <br />