1990-039 Medonte
THE CDRPORATION OF THE TOWNSHIP OF MEJX)NTE
BY-LAW NUMBER 1990-39
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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 rate of interest on unpaid taxes up
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;
R>>l THEREFURE 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, 1991 interest at the rate of
1 & 1/4% per month of fraction thereof from the 1 st day of January 1991
until the taxes are paid.
THIS BY-LAW shall come into force and take effect on the 1 st Day of
January 1991.
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READ a first, second and third time and passed this 1 O;ID Day of December ,
1990.
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