HomeMy WebLinkAboutVienna By-Laws 1937 VILLAGE OF
VIENNA
BY -LAWS
1937
Number
448
C13b / ) j'c)s sg-h
, 0_54 17 b (S)),19 E84-)
sb1 '> _Cb -h
,, I b -h
bCi.161 ) g9fi
b 12r
eLbI ) 8fih -
7
P. 1014$ sorb
af31QAim 1v 11111- iiA111!•.v_
BY-LAW No. W F
•
arip.lath to authorize the borrowing of $
Whereas the Council of the
(hereinafter called the "Municipality") deemems it necessary to borrow the sum
of $ ITfo.00. to meet, until the taxes are collected, the current
expenditures of the Municipality for the year:
Mess...ader And Whereas the total amount of the estimated revenues of the Munici-
t. ollmems
kirw pality as set forth in the estimates adopted for the year 19 34 not including
revenues derivable or derived from arrears of taxes, borrowings and issues of
al Ire riar.
debentures is $ 2400•OO•
And Whereas the total amount heretofore authorized to be borrowed
this year for the purposes mentioned in subsection (1) of section 334 of The
Mdse.this
/ryy�rsott Municipal Act is $ , of which the Municipality has already borrowed
Mtn 1 a total of $
Therefore the Council of the V111ys of n..e hereby
enacts as follows:
1. The Head and the Treasurer are hereby authorized on behalf of the Municipality to
borrow from time to time by way of promissory note from THE CANADIAN BANK
or COMMERCE a sum or sums not exceeding in the aggregate $
to meet until the taxes are collected the current expenditures of the Municipality
for the year, including the amounts required for the purposes mentioned in subsection
(1) of the said section 334. and to give on behalf of the Municipality to the Bank a
promissory note or notes sealed with the Corporate Seal and signed by the Head and
Treasurer for the moneys so borrowed, with interest, which may be paid in advance
or otherwise, at a rate not exceeding per centum per annum.
2. All sums borrowed pursuant to the authority of this by-law as well as all other sums
borrowed in this year and in previous years from the said Bank for any or all of the
purposes mentioned in the said section 334, shall, with interest thereon, be a charge
upon the whole of the revenues of the Municipality for the current year and for all
preceding years as and when such revenues are received.
3. The Treasurer is hereby authorized and directed to apply in payment of all sums
borrowed as aforesaid, together with interest thereon, all of the moneys hereafter
collected or received either on account or realized in respect of taxes levied for the
current year and preceding years or from any other source which may lawfully be
applied for such purpose.
Passed thilllevd day of arr 117
RItAD 011FTR tJNIC)tALITY
f aEAL
CLQ
We hereby certify that the foregoing is a true copy of By-Law
No. 44$ of the/1"W of na■sa
in the Province of Ontario, duly passed at a meeting of the Council of the said
Municipality duly held, and that the said By-Law is in full force and effect.
Dated Thibby day of o /
As Witness the Seal of
thfivage of
if READ a C IPAUTY
' CLERK
t. .1