1988-013 Medonte By-law to Establish a Reserve Fund for the purpose of Capital Works for the Township of Medonte Road's Department
THE CORPORATION OF THE TOWNSHIP OF MEDONTE
BY-LAW NUMBER 88-13
BEING A BY-LAW to establish a Reserve Fund for the purpose of
Capital Works for the Township of Medonte Road's Department.
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WHEREAS Section 165 of the Municipal Act, R.S.O. 1980 authorizes
Council to establish a Reserve Fund;
NOW THEREFORE be it enacted that:
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1) That Council shall direct from time to time that funds
shall be paid into a special account to be used for that
purpose as noted above and the earnings derived from the
special account shall form part of the Reserve Fund.
2) That this By-Law shall come into effect on date of
passing thereof:
READ a first and second time, read a third time and passed
this 24-th day of May, 1988.
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