HomeMy WebLinkAboutBy-law No. 2012-063 THE CORPORATION OF THE
MUNICIPALITY OF BAYHAM
BY-LAW NO. 2012-063
A BY-LAW TO AUTHORIZE THE EXECUTION OF AN
AGREEMENT OF PURCHASE AND SALE WITH RICHMOND
COMMUNITY WATER INC.
WHEREAS Section 9 of the Municipal Act, 2001, S.O. 2001, c. 25 as amended provides that
municipality has the capacity, rights, powers and privileges of a natural person for the purpose of
exercising its authority under this or any Act;
AND WHEREAS Section 11 of the Municipal Act, 2001, S.O. 2001, c. 25 as amended provides
that a lower tier municipality may provide any service or thing that the municipality considers
necessary or desirable for the public, subject to the rules set out in subsection(4),
AND WHEREAS Subsection 4 of the Municipal Act, 2001, S.O. 2001, c. 25 designates Public
Utilities, including water production, treatment, storage, and distribution as matters within the
sphere of jurisdiction of the Municipality;
AND WHEREAS Richmond Community Water Inc. carries on the business of water treatment
at the premises located at 9190 Richmond Road, Bayham, Ontario and the business of water
distribution servicing 48 houses and 1 church on John, Street, Church Street, Hoover Valley
Road, Richmond Road and Heritage Line in the Municipality of Bayham;
AND WHEREAS Richmond Community Water Inc. wishes to sell the undertaking and assets of
its Business, and the Municipality of Bayham wishes to purchase the same;
AND WHEREAS the Council of the Municipality of Bayham deems it necessary to approve an
Agreement of Purchase and Sale with Richmond Community Water Inc.
NOW THEREFORE THE COUNCIL OF THE CORPORATION OF THE
MUNICPALITY OF BAYHAM ENACTS AS FOLLOWS:
1. THAT the Council of the Municipality of Bayham hereby authorizes and directs the Mayor
and Clerk to execute the agreement affixed hereto marked Appendix "A" and forming part
of this by-law, being a Agreement of Purchase and Sale between the Corporation of the
Municipality of Bayham and Richmond Community Water Inc.
2. AND THAT the Council of the Municipality of Bayham hereby authorizes and directs the
Mayor and Clerk to execute such documents as may be necessary to complete the said
Agreement of Purchase and Sale.