1987-031 Medonte By-law to Establish a Reserve Fund for the Purpose of Capitial Works at the Township of Medonte Waste Disposal Site
THE CORPORATION OF THE
TOWNSHIP OF MEDONTE
BY-LAW NUMBER 87-31
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BEING A BY-LAW to establish a Reserve Fund for the purpose of Capital Works
at the Township of Medonte Waste Disposal Site
WHEREAS Council is desirous to do capital works at the Medonte Township
Waste Site, Lot 19, Concession 13
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AND WHEREAS Section 165 of the Municipal Act, R.S.O. 1980 authorizes
Council to establish a Reserve Fund;
NOW THEREFORE be it enacted that:
1) That $ 15,000.00 shall be paid into a special account to be used for that
purpose as noted above and the earnings derived from the special account
shall form part of the Reserve Fund.
2) That this By-Law shall come into effect on date of pass1l1g thereof:
READ a first and second time, read a third time and passed this 22nd day of
December 1987.
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