1985-020 Medonte
THE CORPORATION OF THE TOWNSHIP OF MEDONTE
BY-LAW NUMBER 85-20
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WHEREAS under the prOVlSlOns of Section '+ 12 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 rate of interest on unpaid taxes to 1 & 1/'+ per cent 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 of 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, 1986 interest at
the rate of 1 & 1/'+per cent per month or fraction thereof from the
1 st day of January 1986 until the taxes are paid.
THIS By-Law shall come into force and take effect on the 1 st day of
January, 1986.
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READ a first, second and third time and finally passed this 20th day
of December, 1985.
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Reeve