Bill 14 (Legislature 3, Session 2)

L3 S2 9886

Alberta — Bills

BILL No. 14 of 1914.

An Act to Validate and Confirm By-law Number 8 of the Town of St. Albert for the year 1913. (Assented to , 1914.)

WHEREAS the Council of the Town of St. Albert, purporting to act under and by virtue of the authority of The Town Act, with the approval of the burgesses required by the said Act, did pass By-law Number 8 of the said town for the year 1913, authorizing the isme of debentures of the said town for the sum of five thomand dollars ($5,000) and interest amounting in all to nine thousand four hundred and thirty-nine dollars and twenty cents ($9,439.20) for the purposes set forth in said by-law; And

whereas the debentures have been printed and an assessment has been made and moneys thereby raised sufficien t to meet the first coupon; And

whereas certain doubts have arisen as to the validity of said By-law Number 8 and of the debentures issued or to be iSSUEd thereunder by the said Town of ~t. Albert; And

whereas the said Town of St. Albert has bv its petition prayed that the said by-law be confirmed" and \'alidated; And

whereas it is expedient to grant the prayer of the said petition; Therefore His Majesty, by and with the advice and consent of the Legislative Assembly of the Province of Alberta, enacts as follows: l. By-law Number 8 of the Town of St. Albert for the year H113, set forth in

Schedule A of this Act, is hereby confirmed and declared legal and binding upon the said Town of St. Albert and the ratepayers thereof to all intents and purposes, notwithstanding any want of juris diction: power or authority on the part of the said Town of St.

Albert to pass the said by-law, and notwithstanding any defects or errors in substance or in form of the said by-law, or in the manner of the obtaining of the assent of the electors thereto, or notwithstanding that such assent may not have been obtained, or in the manner of passing the same, and each or all of the debentures i~sued or to be issued thereunder are hereby declared legal, valid and binding upon the said Town of St. Albert and the ratepayers thereof, anything contained in The Town Act or any other Act of the Province of Alberta or any Ordinance to the contrary notwithstanding, and the said Town of St.

Albert shall be bound to pay each and all of the said debentures therein stated; and all assessments made or to be made for the payment of any and all of the said debentures are duly confirmed and are hereby declared io be legal, v,alid and binding and the said Town of St. Albert is hereby authorized and empowered to do all nece1'sary acts for the full and proper carrying out of the said By-law Number '8 for the y,ear H113.

2 2. The said by-law notwithstanding anything to the contrary contained therein or contained in any Act or Ordinance in force in this province, shall be ,deemed to have come into force and effect on the 15th day of September, 1913, and the said debentures shall bear date as of the 15th day of Septemher, 1013, and shall be payable in twenty equal annual instalments on the 1st day of Noyernber ip. each of the years 1914 to 1933 both inclusive and shall bear interest at the rate of seven per cent. calculated from the 15th day of September, 1913.

The amount of principal and interest payable in each of the said years shall be $471.9G. 3. The said debentures as to both principal and interest shall be payable at the Imperial Bank of Canada in the Gity of Edmonton in the Province of Alberta. 4. The said debentures shall he legal and binding if signed by the mayor and secretary-treasurer of the mid town and the debentures shall be sealed with the Eeal of the said town. The signatures to the said interest coupons may be engraved or lithographed. 5.

The assessment made by the said town during the year HJl4 to rai::e money to meet the first coupon is hereby validated ami rendered leRal and binding and during the currency of the remaining nineteen rlebentures the sum of $47U)6 shall be raised annually for the payment of the said debt and interest and the said sum shall be levied and raised anllually loy a special rate sufficient therefor over and above all other rates upon all rateable property in the municipality. BY-LAW No. VIn OF HJl3.

Whereas it is necessary to borrow, upon the security of the Town of St. Albert, the sum of five thousand dollars for the re~ayment of money advanced to the said town by the Imr;erial Bank of Canada; And

whereas the amount of rateable propert.y in the said town, according to the last revised assessment roll, is five hundred and forty-three thousand, Eeven hundred amI thirty dollars ($543,730.00); And

whereas the amount of t.he existing debent.ure deLt of the said town is forty-two thousand, nine hundred and sixty-three dollars ($42,g03.00), of which debt the sum of twenty-one thousand, three hundred and thirty-six dollars and thirty-five cents ($21,33G.35), as provided by Act of the Legislature of the Province of Alberta (Cap. G9, 190G), does not impair the borrowing power of the said town under

section 178 of 'Phe Town Act; Be it therefore resolved that debentures be issued -by the Town of St. Alhert in the manner provided by The Town Act, for the sum of five t.housand dollars ($5,000.00); the said debentures to bear interest at the rate of seven per cent. per annum, and to be payable in twenty equal con secutive annual instalments of four hundred and seventy one doUars and ninety-six cents ($471.9(

j) including principal and interest. This by-law shall come into effect upon the final passing thereof as providerl in 'Phe 'Pown Act.

3 NOTlCE. The foregoing is certified to be a true copy of a by-law which has been introduced and will be finally passed hy the council of the Town of St. Albert in the event of the assent of the burgesses being obtained thereto, within four weeks of the voting thereon. Notice is hereby given that on Saturday, the thirteenth day of September, 1913, at the Town Hall, St. Albert, the voting of the burgesses on the above by-law will be held between the hours of ten o'eloek ill the forenooll and seven o'clock in the afternoon. . (,5gd.) THOS. J. DWYER, Returning (~(Ticer. This IS

Schedule A referred to in the annexed Act.

~o. ]4 SK('()XIl SESSION THI RJ) 11EHISlh:trrURE .J GEORGE Y 1 !Il 4 BILL

An Act to Validate and Confirm By Law Number 8 of the Town oU:;t. ~\lbert for the ~'ear 1913. Received and read the First time. Second time. Third time .... .lVIR. :\V .. cK-\ Y EDMONTON: .J. ,V. JEFFERY, Government Printer A.D. 1914 Title: 1914 (3rd, 2nd) Bill 14,

An Act to Validate and Confirm By-law Number 8 of the Town of St. Albert for the year 1913

Document details

Collection	Alberta — Bills
Citation	L3 S2 9886
Type	bill
Volume / chapter	L3 S2 9886
Language	en
Format	json
Source	PROVINCIAL
Identifier	866c770180c20b023162752f17266c35fb671e09

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