1991-033 Medonte
THE CDRPORATION OF THE TOWNSHIP OF MEJX)NTE
BY-LAW NUMBER 1991-33
WHERE'AS, 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 rate of interest on unpaid taxes up
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to 1 & 1/4% per month;
AND WHERE'AS the Council of the Corporation of the Township of Medonte
deems it expedient to set the interest rate;
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NCW 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, 1992 interest at the
rate of 1 & 1/4% per month of fraction thereof fram the 1 st day of
January 1992 until the taxes are paid.
THIS BY-LAW shall came into force and take effect on the 1 st Day of
January, 1992.
READ a first, second and third time and passed this 16th Day of December,
1991.
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Reeve
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