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1998-057 For the Supply of Electrical Power Use for the Municipality and it inhabitants ..... THE CORPORATION OF THE TOWNSHIP OF ORO-MEDONTE BY-LAW NO. 98-57 BEING A BY-LAW OF THE CORPORATION OF THE TOWNSHIP OF ORO-MEDONTE FOR THE SUPPLY OF ELECTRICAL POWER USE FOR THE MUNICIPALITY AND ITS INHABITANTS e WHEREAS: 1. Section 83.1 of the Power Corporation Act, R.S.O.1990,c.P.18 empowers the Council of the Township of Oro-Medonte (the "Township") to pass by-laws with the approval of Ontario Hydro to enter into a contract with Ontario Hydro with the assent of the municipal electors for the supply of power for the use of the municipality and its inhabitants and for acquiring real and personal property and acquiring, constructing, reconstructing, extending and operating works for the development, transmission and distribution of power in the municipality and for exercising for such purposes any of the powers that may be exercised by a Town under the Municipal Act, the Local Improvement Act, the Public Utilities and the Power Corporation Act. 2. Ontario Hydro distributes electrical power to the inhabitants of the Township within the boundaries of the Township. 3. The Township deems it expedient and in the public interest to assume the responsibility from Ontario Hydro for the distribution of electrical power to its inhabitants within its boundaries. NOW THEREFORE, THE COUNCIL OF THE CORPORATION OF THE TOWNSHIP OF ORO-MEDONTE, ENACTS AS FOLLOWS: 1. In this by-law: the "Act" means the "Power Corporation Act". the 'Township" means the Corporation of the Township of Oro-Medonte. 2. The Township is established as an area to which the following three sections apply. 3. The Township shall enter into a contract with Ontario Hydro for the supply of power for the use of the Township and its inhabitants. 4. The Township is authorized to acquire such real and personal property and acquire, construct, reconstruct, extend and operate any and all works for the development, transmission and distribution of electrical power in the Township. 5. The Township may exercise, for the above purposes, any of the powers that may be exercised by a Town under the Municipal Act, the Local Improvement Act, the Public Utilities Act, or this Act. e 6. The Township shall expeditiously seek approval pursuant to Section 83.1 of the Power Corporations Act of Ontario Hydro as required by that Section. 7. The Township shall submit for the assent of the municipal electors of the Township qualified to vote on money by-laws, their approval for the entry into of a contract with Ontario Hydro for the supply of power for the use of the Township and its inhabitants. - ......, . e -2- 8. The Township authorizes its officers, servants and consultants to take whatever steps are necessary to implement the within by-law. BY-LAW READ A FIRST AND SECOND TIME THIS 3RD DAY OF JUNE, 1998. BY-LAW READ A THIRD TIME AND FINALLY PASSED THIS 3RD DAY OF JUNE, 1998. THE CORPORATION OF THE TOWNSHIP OF ORO-MEDONTE 1 /! 1 ,r:-? " (,K, ,iIi_" /\ P rA A.,~:PI Mayor, Ian Beard ~ ,1L ,",-;;#' ;" A::_~,~ (".;;~, ~~. t,-=- Clerk, Lynda Aiken