1988-014 Medonte By-law to Establish a Reserve Fund for the Purpose of Capital Works and or Purchases for the Township of Medonte Administration Centre
THE CORPORA nON OF THE TOWNSHIP),: OF MEDONTE
BY-LAW NUMBER 88-14-
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BEING A BY-LAW to establish a Reserve Fund for the purpose of
Capital Works and or Purchases for the Township of Medonte Administration Centre
WHEREAS Section 165 of the Municipal Act, R.S.O. 1980 authorizes
Council to establish a Reserve Fund;
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NOW THEREFORE be it enacted that:
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 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 passmg
thereof:
READ a first and second time, read a third time and passed this
24-th day of May, 1988.
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