Bill 6 (Legislature 2, Session 1)

L2 S1 10889

Alberta — Bills

A-SILL.TO EKP~~R THE TO~N 0~ CLAR~SHOLH TO INCREASE TrS · SORRO'IJING POWP!RS. - - - - - -. - - -..- - ~- 7 IV) .l:}f: .. tt E R .;X 'A :8 -1~ .• -s .,Me-li~t~JAM""to ~~tL:\'.:,t~~t the 'l'o'!'rn of Olaresholm during the . yetS,r ,1909 .·by. and :~rith the authority of the ratepayers expended the ·sum ·of420.900.oo. i!l the ereotion of a mu!lioipaJ. eleotrio ·li,gh1dng plant .and the. sum of $66, QOO. 00 in "the inatallation of a mu.."lio:tpal. 'lf&ter '!m:rks system and by reason of auoh e~enrlitures have !lOt su!fioie'lt :funds ,to meet tho esti m!lted. e~penditures· f-or the··.e:"lsuing year and i:t; is necessary in order to meet such oxpend.i~.n'sa to 1 'lo:rease the lborro~i.'16 po'!'rers o:f the sai~ to~n; A !-i· p ~ ¥ ~/rt "f f.. flit has boa !l shotf'!l that the amou!'lt of the '1t'hols rateable property of the sa:!.d to":Y!'l of Olaresholm ao oording to. the rev..ised assessment the-reof for the year 1908 '\'f8.B tho sum of: $495, 270 a!ld .the'? amou!l1i of the wholo···rat a able propert of the:: said to!fn acoordi!l3· t,o· the:· :revised assessment. thereof for the . year 1909· '!'Vas. th~f''ISUUI of .$9'171 and· the increase in the value of the property. 1&. tas~ ~~1- to:~r~,"ie :tho resUlt :~rholly or -largely of ~h~· :ere~ioma~n: .o.~· ... $h~L.6.1s.otno., l.igl).tin pla!lt a'ld '1t'ater ~orks ~ystem a~ the value of the property in the said to'!f!l tTill be atillr .'further i!lO:reaeed u!;)on the complet ion a!ld.

Q~eration Qf tlle eaAd elec~rio light pla!'lt a!'ld '!'rater works system; -a- petitio~ed to have it~ borro~i~g po~ers increased from per oent. to p~r oe!lt. of the assessed '18.l~la o:f the assessable prol:)e:rty in the sai-:1 Mu~1?i:>a11ty; '1' H '¢ .'It E t p ¥ J!

His Hajest.,.__, b.,. and ~i th the ad viae and oo~ssnt of the Lsa1s1at1Te Asssmbl.,. of the Province o~ A1berta e~cts as follows%~ 1. '!'hat the To'!.'fn of Olaresho1m be and it is hereby ctm-. powered not'!.'fithsta!lding a!ly provisions contained 1n~he Mun1o1- ~al Ordina!loe of the North-~est Te~ritor1es1 be1na phapter of the Revised O:rd.innnoes of the North-west Terl."ito:ries, to borrot'f any sum or B'~S of money on the !l9Bessable pl."ol:)erty o:f the said ,iunioiplllity not exceeding per oent. of the assessed value of the said pl."operty. 2. This Aot shall oome 1~to force on the day it is as- sented to.

Title: 1910 (2nd, 1st) Bill 6,

An Act to empower the Town of Claresholm to increase its borrowing Powers

Document details

Collection	Alberta — Bills
Citation	L2 S1 10889
Type	bill
Volume / chapter	L2 S1 10889
Language	en
Format	json
Source	PROVINCIAL
Identifier	94d863af8d8f9c78fb7bd6db276c4adb736c742e

Source file is stored in the law ingest library (json).