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HomeMy WebLinkAboutBy-law No. 2015-105 THE CORPORATION OF THE MUNICIPALITY OF BAYHAM BY-LAW 2015-105 A BY-LAW TO AUTHORIZE THE TRANSFER OF THE ROAD USE AGREEMENT WITH ECHO ENERGY INC. TO TRIBUTE RESOURCES INC. WHEREAS Section 11 of the Municipal Act, 2001, S.O.2001, c.25 as amended provides that a lower tier municipality may pass by-laws respecting highways; AND WHEREAS the Council of the Corporation of the Municipality of Bayham by By-Law 2003- 098 passed on November 6, 2003 entered into a Road Use Agreement No. 0080 with Echo Energy Inc. AND WHEREAS By-Law 2003-098 was amended by By-Law 2004-003 passed on January 8, 2004; AND WHEREAS Tribute Resources Inc. has acquired the assets of Echo Energy Inc.; AND WHEREAS Tribute Resources Inc. has paid the outstanding annual fees of Echo Energy Enc.; AND WHEREAS the Municipality of Bayham is agreeable to transfer and assign all rights, responsibilities and covenants contained within Agreement 0080 authorized by By-Law 2003- 098, as amended to Tribute Resources Inc. NOW THEREFORE THE COUNCIL OF THE CORPORATION OF THE MUNICIPALITY OF BAYHAM ENACTS AS FOLLOWS: 1. THAT the Municipality of Bayham transfers and assigns all rights, responsibilities and covenants contained within Road Use Agreement No. 0080 from Echo Energy Inc. to Tribute Resources Inc. 2. THAT this by-law shall come into full force and effect upon final passing. READ A FIRST, SECOND AND THIRD TIME AND FINALLY PASSED THIS 1st DAY OF OCTOBER 2015. MAYOR CLERK