1992-065 Medonte
THE CORPORATION OF THE TOWNSHIP OF MEDONTE
BY-LAW 1992-65
.
WHEREAS under the prov~s~ons of Section 419 of the Municipal Act,
being revised statutes of Ontario 1990, Chapter M.45 and amendments
thereto, Councils are empowered to pass a By-law setting the rate
of interest on unpaid taxes up to 1 1/4 per cent per month:
II
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, 1993 interest at the rate of 1 1/4 per cent
per month or fraction thereof from the 1st day of January
1993 until the taxes are paid.
THIS BY-LAW shall come into force and take effect on the 1st Day
of January 1993.
:
READ a first, second and third time and passed this 14th Day of
December, 1992.
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Reeve
.