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BY-LAW No.. 
 
 / 
 
 4 BY-tAW to ruto!, 6y ««y <i/loan, rt« «». 
 q; TWOTHOVBANO dollars Jatth$ 
 fWfotn lAereia mtntiamd. 
 WheraM, the Botii! of SchMl TniivMi «l . 
 the ViIlM« of Fctrnlia hkve Itadednpan «rMt> 
 iiu uidmrniihlng a nnw Rohool HomM in uid 
 Tulag«, aad have appliwi U- the Manioipal 
 Connoil ol uid Villnge to niw the anin of twt- 
 thonund doUlun for the purpoeo* afoieuid. 
 
 And wherau the Munioipa] Council ' >n >•• 
 qoirad by law to raiie aaid anoant as rflquind. 
 And whereat, it hai been deemed ailriiaU* 
 by the said Manioipal Councilto raiae the aaid 
 •moont of two thouund'4oU«n by the iame ol 
 Debenture*. 
 
 And whereaa it will require the mm of Btt 
 Hundred 'and Sixty Dollar* to be raiaed anna, 
 ally by ipeoial rate for the payment of aaid De- 
 lientnret and inlereat aa alao hereinafter men- 
 tioned. 
 
 And wherea*, the whole rateable prapartyM 
 the aaid Municipality, irr««pectiTe of any fntuv 
 increaae of the eaiiie, and also irreipeotiTeol 
 any iacome te bo derived from the temponuy 
 investment of the einking fund hereinafter men- 
 dioned, or any part thereof, according to the 
 laat reviled asieaament roll of eaid Munioipalii^ 
 being for the yoar one thouaand eight handroo 
 and Bixty-eipht, waa two hnndnid and eat 
 thousand ana fortvrone doUara.. 
 
 And whereaa the existing debt of tKe ni(i 
 Municipality is aa followa :— Principal, the iun>j 
 of (3000, and Interest theiamof^OOOOO^mak- 
 ing.ia the aggregate the eum of (3,000 of which . 
 no intereat is in arrean. 
 
 And whereaa, f6r paying the aaid >um 01 
 two thonaaad doUira and iotcreit aiul creating , 
 • yearly sinking fund for paying the aaid ina> 
 of two thBuaanii dollars and interest as herein' 
 after mentioned, it will require an equal an- 
 nual special raU of Three Mirts and three- tenth* 
 ofaMiUintheDoUarin addition to all rate* 
 to be levied in each year. , . 
 
 Be it Iherefort Enacted by the Mnnicipd 
 Council of the Villaue ol Petrolia; 
 
 Ist. That it shall be lawful f4»ithoRoeve to . 
 liise, by way of loan, from any persom or per. 
 sons, bodv or bodies corporate, who nay be 
 mlling to advance the eame upon the credit of 
 the Debcutnree heninftfter, mentioned, a «um 
 of money not exceeding in the whole the aum 
 of Two Thousand Dofiare, and to cause the- 
 aaiuu to be paid into the handa of the Treaaurer 
 for the putpoae and trith tha object above re- 
 cited. , . , 
 2nd. That it ahall be lawful for the said 
 Keevc to cause any number of Debenturea to l» 
 made for such Bums of money ok may be re- 
 quired, not leaa than ona hundrtiWollara each. 
 And that the fjud debentur«a Ehall be scaled 
 with theaealrof the aaid Munioipal Council,, 
 and be signed by the said Reovei 
 
 3rd That die aaid Delxntnrea ahall'b* 
 mode payable within FOUR YEAIIS at the 
 furthcat, from the day hereinafter mentioned 
 for this By-Law to take etfeot, at the oUice of 
 the Treaaurer of the said Municipality, and 
 ahall have attached to them Coupons for the 
 payment of interest. 
 
 4th That the aaid ! Pebentnres ahall bear 
 interest at the rate of Eight rsr Cent, per an- 
 num, from thi. date thereof, which interest 
 ehall be payahI».on the thirty first day of De- 
 cember in each year, at tha office of the Trea- 
 surer aforesaid. 
 
 5th. That for the purpose of forming a sulk- 
 ing fund for the payment of: aaid Delienturee 
 and the intertsst at the rate aforesaid to liecome 
 due thereon, nn equal special rate of Three 
 Mills snd threetenthf of one Mill in the Dollar 
 ehall, in adilition to all other rate*, be raised, 
 levieil and cwiected in each year, upon all the 
 rateable projwrty in the said Municipality dur- 
 ing the continuance of said Debcutnres, or any 
 put of them. 
 "6. Thatthia By-Law shall take effect and 
 eome into operation upon the Fourth day of 
 May, one thousand eight hunilred and sixty- 
 nine. 
 
 'th. Tbi'^'.hevotoof -he Elector* -shall 1* 
 ttiicn upon this By Law at the Town H.ill, in 
 ■aid Village, on Saturday the Twenty-fourth 
 davof A!)ril, I8()9, at ten o'clock am,, and 
 that John 0. Bolt shall !«■ the r'-turning officer 
 te take the vote as aforesaid. 
 
 Rei-ve. 
 
 Village Clerk. 
 
 TAKE NOTICE 
 
 That the foregoing is a true copy of a propot- 
 ed BylJiw which w3l b« taken into considera- 
 tion by the Council of th.i Coriioration of th* 
 Village of Petrolia, aftortho ciinration of on* 
 m-aib from the first pubhcation of aaid By-Law 
 in the Bkitish C*n*uia.'< uewepajier, published 
 in the Town of Sarnia, in said County of I,amb- 
 taii, the date of such pubhcation being the 
 thirty-first day of March A. D. 1869; and that 
 the votee of the Ele*tor»of aaid Village will be 
 received and taken thereon, at the Town Hall, 
 in util Village, on Saturday, the 24fh day of 
 April next, commencing at the hour of ten 
 o'clock in the forenoon, by John G. Bolt, the 
 Clerk of uaid Corporation and the person Uierv- 
 anto oppointcd to receive aaid votea. 
 
 Dated at Petrolia, this 23rd day of March, A. 
 
 D. 1897, 
 
 JOHN O. BOLT, 
 Clerk of aaid Villi^