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2007-118 Borrowing By-LaweOMunieipa( world* -Form 1111 ~ ~ ~ ~~~~ ~ ~ ~~~~~~ Tits Drezlnnge Aet, * Reg. T.M. in Ganada, Municipal World Inc. R.S.f7. 1990, c. T.x, s. 2 (1) R.R.4. 199Q Reg. 1f)32„ s. 1 (2}, Fonn Z For use by municipalities within district or regional municipalities Borrowing By-law of The Corporation of the ........ Township .of . ©ro-Med.o•nte ........ . By-law Number .2.0.07.-118.... A by-law to raise $ ..20Q, Of30.0.0 ..... to aid in the construction of drainage works under the Tile Drainage Act. The council, pursuant to the Ti/e Drainage Act, enacts as follows: 1. The Corporation may from time to time, subject to the provisions of this by-law, borrow on the credit of the Corporation such sums not exceeding in the whole $ ....200 ~ O.Op ~ 0.4 ........... , as may be determined by the council, and may in manner hereinafter provided, arrange for the issue of debentures on behalf of the Corporation for the amount so borrowed as provided in the Act payable to the Treasurer of Ontario at the Ministry of Treasury and Economics at Toronto, which debentures shall reserve the right to prepay the whale ar any part of principal and interest owing at the time of such prepayment. 2. Where an application far a loan under the Act is approved by the council and the inspector of drainage has filed with the clerk an inspection and completion certificate, the council may apply to .Mini•stry •of• •Agri•culture to include a sum, net exceeding the amount applied for or 75 per cent of the total cost of the drainage work with respect to which the loan is made, in a debenture payable to the Treasurer of Ontario in accordance with the Act, and may approve of the Corporation lending the said sum to the applicant. 3. A special annual rate shall be impaled, levied and collected over and above all other rates upon the land in respect of which the money is borrowed, sufficient far the payment of the principal and interest as provided by the Act. FIRST READING ...N~.vin.leer..x.4.,..20.07 ................ . SECOND READING . N.ovember• • 14•; • 200 ~ .............. . Provisionally adopted this ..1~t~ .day of ..... Navem•ber~ ~ • 2007 ~°~" f (Corporate Seal} Mayor, H . S . Hu~~e s ~ Head of Council ~ .. -_ _ T J. ogles Irwin Clerk THIRD READING...Novembe•r•1.4s••2.00.7~~~~~~~~~~•~-•~~~• PASSED this ...1~ th ..day of ...fyov~emb•er • • ~ ~ • • ~ • •200.7 (Corporate seai> Mayor , H . S . ~u~l~~ 5 Head of Council ~. ~s _. .- Clerk J. U®uglas Irwin REGISTRATION Tile Drainage Act, R.S.O. 1990, c. T.8, s. 2 (2) Within four weeks after the passing of a by-law under subsection (1 ), the clerk of the municipality shall register a duplicate original or a copy of it, certified under his or her hand and the seal of the municipal corporation, in the land registry office for the registry division in which the municipality is situate or, if the municipality comprises two or more registry divisions, in one of them. CERTIFICATION Tile Drainage Act, R.S.O. 9990, c. T.8, s. 2 (2) I••.J....Dottglas••Irwln••••••••••••~ clerk of The Corporation of the..... •Tawn•sh•ip••••••~••• ••~••••Of ............ .... Oro~,Medan t.e ............. in the .......Count of ...... S•imcoe ................ . certify that the above by-law was duly passed by the council of the Corporation and is a true copy thereof. ~,. / ~. - (Corporate Seal} - - ~ _ Clerk °`~.~ . Douglas Irwin PrOViItCe DYE & DURHAM CO. INC.--Porm NO. 985 Amended NOV. 1992 °' Document General ~„o,,, Ontario Form 4 -Land Registration Reform Qct (1) Registry ~ Land Titles ~ (2) Page 1 of pages (~) dent filer s Block Property t) A dditional: See Schedule Ord ~ ~~"°°~ ~ (4} Nature at Document y ~ ,„„„ (5} Consideration Z O ~.t"" w Dollars $ r ~ ~~,.~ (&) Description w U u. W m New Property Identifiers Executions Additional: See Schedule (7} This (a} Redescription ~ {b} Schedule far: Additional: Document New Easement See ~ Contains: PlantSketeh Additional Schedule ^ Description ~} Parties ~ C}ther (B} This Daeument provides as follows: Continued on ScheduCe (9} This Document relates to instrument number{s) (10} Party{ies} .(Set out Status or Interest} _~ Names} Signature(sj Date of Signrture ro. ~ F~( ~ r ~ ~,: ~"~ ~f [ Y rw n '_ ~ ~ ,, , ~ , _~ d ,.... ~ ~.... _.. _...... ..i.........' ....... Y t1 Q (13) Address for Service {14} Municipal Address of Property (15} Document Prepared by: ~ Fees and Tax J ~- ~,c ~ (~~ ~~~~ _~ ,~.~ °~ ~ ~,i 5 ~ $ ,'~i c' O ,Registration Fee --_-- (' i~ ., i Y W . ~ ` Zvi. (~~f:~ ~`? l~ i.f:~t ~ _. ~ ,O j _ -_ _- s ~~ ~ '- Total i a ~_ /\ ~ ~