1984-023 Medonte
THE CORPORATION OF THE TOWNSHIP OF MEDONTE
BY-LAW NUMBER 84-23
BEING A BY-LAW TO SET THE INTEREST RATE ON TAX ARREARS
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WHEREAS under the provlSlons 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
rate of interest on unpaid taxes to 1 & 1/4 per cent per month;
AND WHEREAS the Council of the Corporation of the Township
of Medonte deems it expedient to set the interest rate;
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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, 1985 interest at the rate of 1 & 1/4
per cent per month or fraction thereof from the 1 st day of January 1985 until
the taxes are paid.
THIS By-Law shall come into force and take effect on the 1 st day of January, 1985.
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READ a first, second and third time and finally passed this 19th day of December,
1984.
Reeve
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