1982-033 Medonte
THE CORPORATION OF THE TOWNSHIP OF MEDONTE
BY-LAW NlMBER 82-33
BEING A BY-LAW TO SET THE INTEREST RATE ON TAX ARREARS
WHEREAS under the pravisians af SEctian 412 af the
Municipal Act, being Revised Statutes af Ontario. 1980, Chapter 302
and amendments thereto., caUDcils are empowered to. pass a by-law
setting the rate af interest an unpaid taxes to. 1 & 1/4 per cent per
manth;
AND WHEREAS the CaUDeil af the Corparatian af the
Tawnship af Medante deems it expedient to. set the interest rate;
NOW THEREFORE the CaUDcil af the Carparatian af
the Tawnship af Medante ENACTS AS FOLLOWS:
That the Treasurer be and is hereby autharized and shall add to. the
amaUDt af all taxes due and unpaid, as at January 1, 1983 interest
at the rate af 1 & 1/4 per cent per month ar fractian thereaf fram
the 1st day af January, 1983 UDtil the taxes are paid.
THIS By-Law shall come into. farce and take effect an the 1st day af
January, 1983.
READ a first, secand and third time and finally passed this 13th day
af Decmeber, 198t...