1993-093 Oro
, ' O. ~990, c~apter ~.45, section
~ERE~S t~e ~un~c~pa~ ~ct, R.S, 'f 'tS ~oca~ BoardS eac~ year
~63 a~~o~s a ~unicipa~itY or anYt~ ~stab~is~ment or maintenance
to pro~ide in t~e est~mates for e
of a Reser~e ~ccount.
corporation of t~e TO~ns~iP of
NOW TREREYORE t~e counci~ of t~e
oro enactS as fO~~o~s:
~ count be estab~is~ed and
Tbat a separate Reserve c f ffsetting transition re~ated
maintained for t~e purpose 0 0 t' of t~e TO~ns~iP of oro
e~penses re~ated to t~e ~ma~gama ~on
and t~e TO~ns~iP of ~edonte.
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TRE COR?O~T>ON OF TRE TOWNSR>? OF oRO
B~-LAW NO. 93- 93
R er~e Account
Being a B1-~a~ to Estab~isb a eS
t ~ 11 be invested
t~e reserve accoun s,~a
a trustee may invest ~n under t~e
Reserve hCCount s~a~~
for any purpose ot~er
establisned, unless
3 .
Tbat money raised for
in suc~ securitieS as
Trustee ~ct.
Tbat t~e monies raised for t~e ~~i~
not be e~pended, p~edged or app ~e
t~an t~at for ~~ic~ t~e account ~aS
dU~y aut~orized bY By-~a~'
, ' ' annua~ report s~a~~ report on t~e
Tbat t~e aud~tor ~~ ~~s f t~e said Reserve ~ccount.
activitieS and pos~t~on 0
force and take effect on
Tbat t~iS By-~a~ s~a~~ come intO
t~e date of passing t~ereof.
4.
seoond time tbiS ~st da1 of December,
B1-~a~ read a first and
~993.
5.
time and fina~~1 passed tbiS ~st day of
B1-~a~ read a tbird
Dece~er, ~993
TRE COR?OR~T>ON OF TRE TowNSR>? OF oRO
Reev ,
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