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HomeMy WebLinkAboutThe Wingham Advance Times, 1927-11-24, Page 9Supplement to Wingham Advance -Tim es THURSDAY, NOV., 24th, zgai TOWN OF WINGHAM By -Law No. 981, 1927 For borrowing the sum of Six Thou- sand housand dollars for the purpose of aidingAmateur Athletic Sports in the Town. of Wingham. WHEREAS the Wingham Arena Company Limited, has built and equip- ped an Arena in the said Town of Wingham for the purpose of eneour-'' aging and assistingskating, hockey, and other amateur Athletic Sports, and has applied to -the Municipal Council of the Corporation of the Town of Wingham for a loan of $6,000.00 to be repayable in teen equal annual instalments of $600.00 each without interest and, such repayment to be secured by a secondmortgage on the said Arena and pnemises ap- pertaining thereto, for the purpose of assisting the said Company to pay for the said Arena and to carry on the said sports; AND WHEREAS it is deemed expediei t to grant the said aid; AND WHEREAS it will be necessary to issue debentures of the said Corporation for the sum of $6,000.00 and that is the amount of the debt intended to be created, the proceeds of the said debentures to be applied to the purpose aforesaid and to no other; AND ' WHEREAS the amount of the whole rateable property of the Municipality according to the last revised assessment roll is $1,129,045 AND WHEREAS the amount of the debenture debt of the• Corpora- tion is $304,308.56 and no part of the principal or interest of which is in ar- rear. BE IT THEREFORE enacted by the Municipal Council of the Cor- poration of the Town of Wingham:-- a ingham;-I. For the purpose mentioned in the preamble there shall be borrowed on the credit of the Corporation the sum of Six thousand dollars, and de• bentures shall be issued therefore on the . instalment plan in sums of not less than One hundred dollars each which shall have coupons attached thereto for the payment of interest if desired. 2. The debentures shall all bear the same date and shall be issued within two years after the date on . which .this by-law is passed and may bear any date within such two years and shall be payable in tenannual instalments during the ten years next after the date when they shall be is- sued and the amount payable in each year shall be $777.03. • 3. The debentures and the interest coupons, if any, shall be signed and issued by the Mayor if any, and shall also be signed by the Treasurer and, the debentures shall be sealed with the seal of the Corporation. 4. The debentures shall bear in-; terest at the rate of five per cent. per annum. 5. During the currency of the de- bentunes there shall be raised in each yea= the amount of the instalment of Principal and interest payable in that 1 year as set forth in the schedule at- tached to this by-law. a. The debentures may contain any pioci.,on 'for the registration of them authorized by law • 7. That all motley received on a - count of the said loan shall be de- posited to a special account in a Char- tered Bank in said Town of Wing ham, and such money or a sufficient part thereof shall be applied . in pay- ment of the amount •falling due in such year for principal and interest ott,account of the said debenture is- sued pursuant to this by-law 8. This by-law shall take effect on the day of the passing therecf, sub- ject to its being assented to by the electors. Read a first and second time this 8th day of November, A. 1)., 1927. Mayor, Clerk. SCHEDULE Referred to in the Annexed By-law. Years Principal Interest Total L $477.03 $300:00 $777.03 2. 300.88 276,15 777.03 3. 523.93 231.10 777.03 4. 552.22 22481 777.03 5• 579.83 197.20 777.03 6. 608.83 568.20 777.03 7. 639.27 137.76 777.03 8. 671:23 105.80 777.03 9. 704.82 12.21 777.03 10. 739.96 37.07 777.03 TOWN OF WINGHAM By -Law No. 982, 1927 A By-law to provide far taking the votes of the electors on a proposed By-law entitled a By-law for borrow- ing the sum of Six thousand dollars for the purpose of aiding amateur Ath- letic Sports in the Town of Wingham. Passed the 8th day of November, A. D. 1927. WHEREAS it is desirable that a proposed By-law of the Corporation of the Town of Wingham entitled a "By-law for borrowing the sum of Six thousand dollars for the purpose of aiding Amateur Athletic Sports in the ,Town of Wingham," be submitted to the electors for their approval, and it is expedient and necessary to pass this By-law for the purpose of enab- ling the electors to vote on the pro- posed By-law. BE IT THEREFORE enacted by the Municipal Council of the Cor poration of the Town of Wingham as follows: 1. • The votes of the electors of the Corporation of the Town of Wing - ham shall be taken on the .said pro- posed By-law on the fifth day of De- cember, A.D. 5927, between the hours of 'nine o'clock in the forenoon and five o'clock in the afternoon at the following places, and by the Deputy Returning Officers and Poll Clerks, namely; Ward No. 1 -Polling sub -division No. 1, at Geo, T. Robertson's Garage, Edgar Pattison, D.R.U., John Me - Cool, Poll Clerk. Ward No. ,.2 --Polling sub -division No. 2, at Wm. Davidson's Implement Shop, Chas. Bowden, D.R.O.; Wm, Robertson, Poll Clerk. Ward No. 3 -Polling sub -division No. 3, at Town Hall, Lloyd Hingston D.R.O., John McDonald, Poll Clerk. Ward No. 4 -Polling sub -division No. 1, at James. Thomas' Store, Thos. Garret D.R.O., Jos. Pugh, Poll Clerk. Ward No. 4 -Polling sub -division No. 2, at Watson's Store, David Mc- Gill, D,R.O., Thos. Miller, Poll Clerk. 2. On the 1st . day of December, A.D. 1927, at the hour of 10 o'clock in the forenoon, the head of the Council. of the said Corporation or some mem- ber of said Council appointed for that purpose by resolution shall -attend at the Town Hall in the said Municipal- ity for the purpose of appointing, and, if requested' so to do, shall appoint by writing signed by him two persons to attend at the final summing up of the vote by the Clerk, and one person to attend at each polling place on behalf of the persons interested in and pro- moting the ;proposed By-law, and a like number on behalf of the persons - interest in the opposing the proposed By-law. 3. On the 6th day of December, A.D. 5927, at the hour of 10 o'clock in the forenoon at the Town Hall, in the said Municipality the Clerk of the said . Municipality shall attend and sum up the votes given for and against the proposed By-law. Passed this 8th day of November, A.D. 5927. Thos. Fells, Mayor W. A. Galbraith, Clerk NOTICE Take notice that the foregoing is a true copy of a proposed By-law of the Corporation of the Town of Wing - ham to be submitted to the votes of the electors on the fifth day of De- cember, 1927, And, that, if the assent of the elect- ors is obtained to the said proposed By-law it will be taken into consider- ation by the Municipal Council of the said Corporation at a meeting thereof to be held after the expiration of one month from the date of the first pub- lication of this notice and that such.. first publication was made on 'the 17th day of November, A, D. 1927. Takes notice further that a tenant who desires to vote upon said pro- posed By-law must deliver to the Clerk not later than the tenth day before the day appointed for taking the vote a declaration under the Can- ada Evidence Act that he is a tenant whose lease extends for the time for which the 'debt or liability is to be created, or in which the money to be raised by the proposed By-law is pay- able, or . for at laeast ten years, and that he has by the lease covenanted to pay all municipal takes in respect of the property of which he is tenant, other than local improvement rates_ Also take notice that By-law No. 982 a true copy of which is shown a- bove, is the By-law providing for the taking of votes of the electors. DATED and first published .this 57th day of November, A.D. 1927. W. A. Galbraith, Clerk.