1986-026 Medonte
THE CORPORA nON OF THE TOWNSHIP OF MEDONTE
BY-LA W NUMBER 86-26
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WHEREAS under the provisions of Section 412 of the
Municipal Act, being revised statutes of Ontario 1980, Chapter 302 and
amendments thereto, councils are empowered to pass a by-law setting
the ra.te of interest on unpaid taxes to 1 & 1/4% per month;
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AND WHEREAS the Council of the Corporation of the
Township of Medonte deems it expedient to set the interest rate;
NOW THEREFORE the Council b1 the Corporation of the
Township of Medonte ENACTS AS FOLLOWS:
That the Treasurer be and is hereby authorized and shall add to the
amount of all taxes due and unpaid, as at January 1, 1987 interest at
the rate of 1 & 1/4% per month or fraction thereof from the
1 st day of January 1987 until the taxes are paid.
THIS by-Law shall come into force and take effect on the 1 st day of
January, 1987.
READ a first, second and third time and finally passed this 23rd day
of December, 1986.
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Reeve
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