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Photographic
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WEBSTER, NY, I4SS0

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CIHM/ICMH

Microfiche

Series.

CIHM/ICMH
Collection de
microfiches.

C:»nadian Institute for Historical Microreproductions / Institut canadien de microreproductions historiques

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(Printed ephemera] 1 sheet (verso blank) This copy is a photoreproduction.

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D. B. Weldon Library
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D. B. Weldon Library
University of Western Ontario
(Regional History Room)

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1 2 3

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^