1987-023 Medonte By-law to Establish a Reserve Fund for the purpose of rehabilitating gravel pits of the Township of Medonte
THE CORPORATION OF THE TOWNSHIP OF MEDONTE
BY-LAW 87-23
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BEING A BY -LA W to establish a Reserve Fund for the purpose of rehabilitating
gravel pits of the Township of Medonte
WHEREAS Council is desirous to rehabilitate gravel pits 111 accordance with the
requirments of the Ministry of Natural Resources;
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. The funds on deposit with the Ministry of Natural Resources for the purpose of
rehabilitating gravel pits shall form the Reserve Fund and shall be used for that
purpose as noted above and the earnings derived from the deposit shall form
part of the reserve fund.
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2. That all payments to the Ministry of Natural Resources for gravel pit Rehabilitation
during a year shall form part of the Reserve Fund.
3. That all Gravel Pit Rehabilitation revenues received from the Ministry of
Natural Resources during a year shall be withdrawn from the Gravel Pit Deposit.
4. That this By-Law shall come in to effect on date of passing thereof:
Passed this 27th day of October, 1987.
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Reeve