1983-021 Medonte
THE CORPORATION OF THE TOWNSHIP OF MEDCNTE
BY-lAW NlMBER 83-21
BEING A BY-LAW TO SET THE INTEREST RATE ON TAX ARREARS
WHEREAS under the provisions of Section 412 of
the Municipal Act, being Revised Statutes of Ontario 1980, Chapter
302 and amendments thereto, councils are empowered to pass a by-law
setting the rate of interest on unpaid taxes to 1 & 1/4 per cent
per month;
AND WHEREAS the Council of the Corporation of the
TOwTIship of Medonte deems it expedient to set the interest rate;
NOW THEREFORE the Council of the Corporation of
the Township of Medonte ENACTS AS FOLlCWS:
That the Treasurer be and is hereby authorized and shall add to
the amount of all taxes due and unpaid, as at January 1, 1984
interest at the rate of 1 & 1/4 per cent per month or fraction
thereof from the 1st day of January, 1984 until the taxes are paid.
THIS By-Law shall come into force and take effect on the 1st day of
January, 1984.
READ a first, second and third time and finally passed this 14th
day of December, 1983.
Reeve
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