HomeMy WebLinkAboutBy-law No. 2006-095 THE CORPORATION OF THE
MUNICIPALITY OF BAYHAM
BY-LAW NO.2006-095
BEING A BY-LAW TO AMEND BY-LAW 2006-049 BEING A BY-
LAW TO ESTABLISH A LEVY FOR THE YEAR 2006, TO ADOPT
TAX RATES, PROVIDE FOR PENALTY AND INTEREST IN
DEFAULT OF PAYMENT AND THE COLLECTION THEREOF.
WHEREAS the Council,of the Municipality of Bayham did by By-law 2006-049 provide for penalty and
interest in default of payment;
AND WHEREAS the Council of the Corporation of the Municipality of Bayham deems it necessary to
amend such by-law;
NOW THEREFORE THE COUNCIL OF THE CORPORATION OF THE MUNICIPALITY OF
BAYHAM HEREBY ENACTS AS FOLLOWS:
1. THAT paragraph 8 be amended as follows:
8. THAT on all taxes, which are in default on the 1st day following the above noted
due dates, a penalty of 1.25% shall be added and thereafter a penalty of 1.25%per
month will be added on the la day of each and every month the default continues,
until December 3lSt, 2006. However, any property account that is on a
preauthorised monthly payment plan shall not have any penalty applied
unless a payment is returned due to insufficient funds.
2. THAT paragraph 9 be amended as follows:
9. THAT on all taxes in default on January 1St, 2007, interest shall be added at the
rate of 1.25% per month for each month or fraction thereof in which the default
continues. However, any property account that is on a preauthorised monthly
payment plan shall not have any interest applied unless a payment is returned
due to insufficient funds.
READ A FIRST, SECOND AND THIRD TIME AND FINALLY PASSED THIS 19TH DAY
OF OCTOBER 2006.
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MAYOR r CLE