Bill 1 (Legislature 1, Session 4)

L1 S4 10260

Alberta — Bills

l. ~ the ~ouncil of the ...fo,.-n ot Cam.roae purporting to aot un4er and by Tirtue of the. authority co~erred upon 1 t by Jhe -fllunicipal Or~i_nanoeW aid pa.aa-B;y-Law No.3e ot the aaid 'own. authorizing the issue of debenture• or the 1&14 town for the aum of $~000 .00 fo:r.~.th....,;p~,.:•et·::f'orth irt eaid. By-Law j ~ ~BA~ certain aoubts haTe arisen as to the TaliditJ or the Baicl By-Law No .~a .. ~cl o.r ·the·.4ebenture•- 1111lie4 or to be iaaued. thereunder by the aa14 town ot Camroee. .

J ~ ~~~ the e~id Town or Oamroee hae by its petition pr&Y$d that the 8&14 By-Law be confirmed.. an4 Talid,r.ted.; and wherea.a 1 t ia exped.ient to gran.t tho prayer of the said petition. ) Tffl."#'fJ/.ti Hi• :U.jeetyJ by and. with the ad.Tice and conaent of the LegialatiTe Assembly of the ProTinoe or Albert~enacts aa followa: By-Law No.38 of the Town ot Camroae aet torth in Soheclule ....

A,.. to this Act 11 oontirmocl ami 4o.cl.are4 legal, T&l14 and bincling upon the aai4 porporation and the ratetpayers thereof to all intents and purpo1e1 and trom the time of the pa~ains thereof, notw1thetan41ng any want ot Juria41ct1on, power or authority on the part ot the aaia ~orporat1on to paaa the aai4 ~y-faw, and notwithetan41ng any 4etecta or errore in aubatance or in ton. ot the eai4~y-~aw, or in the manner ot the obtainin« ot the aaaent ot the burgeaee• there'\o, or notw1thetand.1ng 1uch aaaent may not haTe been obta1no4, or in the manner or paaaing the aame, aml each and all ... of t4,e 4•b•.llt~r;,ea i1aue<l. ->or to be iaauea thereun4er are hereby 4eo~are4 Tal14, legal and binding upon the aa14 forporation an4 the ratepayer• thereof anything containe4 in Jfhe Kunicipal Ordinance or any other Or41nance or any Act of the ProTince or Alberta, to the contrary notwith-· a tanding, and. the aa14 :Jown ot Camroae ahall be boun4 to pay eaoh an4 all ot the aaid 4ebenturea therein etatet, and the aaid iorporation i1 hereby anthoid,e«. an(: -.powered to .4o all necesaary acta tor the tull and proper carrying out ot the aa14 By-Law No.38.

S CHIWUL.B • A" • T 0 W I' 0 :r C A K R 0 S E. -::: ..: ;:....,.. ~ = ~-------~--------~~----~~ A ;-Ay-faw to raiae taooo.oo by way or i, loan on the cre4it ot the Town ot Oamroae tor the purpoae or meeting the deficiency occasioned by the debenture• iesued under By-Law. lftimbore one~ ancl twenty-seven" of' aai4. ~oq, belng 'eol.«"tiae·r ·par, and for the purpose o! raiaing money tor the purchase of landa and eetabliahing a ;ublic ¥'-rket thereon in said;{own, and tor the purpose or opening up, gra41ng and. leTelling the atreeta of eaid Town, and for the purpose of' pa;ring M ITerd.ratt of aaid 1own at the Merchants Bank of Canad.a, and to iaaue debentures for the said sum, an4 to proTide for the ~aeesaent an4 ~ollection ot the amount necessar,y to p~ the aai4 debentures. .

J An4

whereas the aum required to meet the deficiency occasioned by the 4ebentures issued under Ey-Lawa Numbers one an4 twenty-seven or the aa14 fown, being aol4 under par, 1a $1700.oo 1 .And whereaa the aum. required. to pay the !fyerdraft at the Merchants' Bank or Cana4a 1a $2300.00. ,} And

whereas the gra41ng and leTelling of the atreeta of said Town are a permanent ttProTement, an4 the WhOle or the debt incurred by said improTements ia to be borne by the 1Un1cipality at large 1 and the aum to pay aame ia t2000 .oo. ' And

whereas it ·ia a4Tiaable that the }lnnicipal. /ouncU ot the Town ot Camroao 1hould purchase and acquire the following lande 1 viz., Lots 19, 20, 2l and 22, in block 4, ae ahown in regiatere4 plan 28, or the jownaite ot Camroae, and eatabliah thereon a fublio ¥arket, and the ~ required to purchaae said lands and eatabliah a ~arket ia t2000.00. ' ~ And

whereas it will be neceesar,y tor the purposes &tore- said to issue debentures of the aa1dJ'un1c1pality tor the aum ot $eooo.oo, &8 hereinafter provided (which is the amount of the 4eb1 intended. to be created. by thia ~y-~aw,) the proceeia or the aaid debentures to be applied to the purpoaes atoreaaid and to no other. I

And

whereas it 11 4ea1rable to iaeue the aai4 4ebenturea at one time and to make the principal of the aa14 debt rep,qable by yearly sums during the period of twenty years, being the currenc~ of the said debenture•; •aid yearly auma being of such reapectiye amounts tha.t the aggregate amount P"-Y&ble each year for principal. and interest in reapect of eai4 debt shall be &I nearly as possible equal to the amount ao pq.a'ble 1n oaoh ot 'the other nineteen years of sai4 )erio4. I And

whereas the total amount required to be ra1ae4 annually by- apecial rate tor p..-ring the said. debt an4 interest aa hereinatter provided ia $'05.40; And. wherea.as the amount of the whole .rateable property ot the Town ot Camrose according to the last reT1se4 Asses~ent Roll ia $544,220.00. ) Jnd

whereas the total debt of the Jlun1o1pality outside or the debt due ror the current expenses of the year is $15528.15 (not including the amount o~ the debenture• ~or school purposes) whereof no

part 1a in arrear. ) NowJtherefore 1 the ~icipal pounc11 Of the Town ot Camrose enacts as follows:~ It shall be lawtul tor the ~ounc11 to raise the sa14 sum of $1,00.00 for the purpose ot meeting the deficiency of the debentures .issued under.By-Lawa Number• one and tweniy-seven, being sold un4er par, and to raise the aai4 sum ot $2300.00 to pay the fverdratt ot the Town ot Camrose at the :Uerchanta 1 :Bank o:r Canada, and to re,iae the IJWI1 ot t20oo.oo tor the purpose ot purohaaing the above mentioned ~an4e an4 establiahing a ~blic ~arket., and to raiae the aum ot $2000.00 tor the purpose of paying for the gr.-ing an4 levelling ot the ,treats within the KUnic1pal1t1 making a total amount ot tsooo.oo tha.t it ahal.l be lawtul tor the Council to raise.

That the said aum of $aooo.oo be raised by way ot a loan; and tor the purpose ot raising the ea14 5WB Aebenturea of the said town to the amount ot $aooo.oo &e atoresa14 in •um• ot not less than $100.00 each ahall be 1eJUed. on the 17th~ day ot

August, each of whicb. debentures ~hall be dated on the date ot the itame thereof and shall be payable within twenty yeara there after at the l!erchanta' Bank o~ Canada in the aaicl Town of Camroee. Each of the said debentures ahall be aigned by the 'ayor a.nd ~ecretary-trea.eurer ot the said Town ot Camrooe or by aomcs ether p~rson authorized by law to ~Sign the ~Same, and the /eoretary ~eaaurer of the nai4 ro~ shall attach thereto the forporate ~eal of the said porpcration.

The said ciebentvref shall bear interet~t at 7 per oent.per annum, payable yearly at the said Merchants' Bank of Canada at C&.mroav, twenty a.ebentnres shall be humed, one ot which ea14 J.~berrturee~ shall fa.ll ciue and be payable each year, and each debenture shall be for the a~gregate amount of the inotalment ot principal and the interet:t falling due annually, Tiz., $?05.40.

During the curr~ney of eaid debentures there ehall be rEt.iz;ed annuall~r by apecial rate on a!.l the rateable property in the ~unicipali ty a.t th~ fH.une time nnd !n th~ name manner ar, the ordinary· general funicipal taxee a sum suffj.eicmt t.o meet the amount ot the annual instalment or principal and interest payable in each yoar i.n respect of. t.h.e lmi.d indebtod.m.ees. A.D.l908.

This ~y-W~w shall take effect from the 17th~ da~ of August I The votes of the ~lectors tor and against thin ~Y-p~aw shall be taken in the !own fall in the Town of Camroae on the l4thb dky of Auguat 1 190B 1 between the hour& ot ~a.m. ~nd ~p.m. That R. D. Fleming be the return-officer for said ~lection. The feturning jrr1oer shall at the Town Hall in Camroae at 5 t ·'f· on said 14thot, d.ay ot August 1 19081 awn up ·the number ot Totes given tor or against thia ~y-~aw. A. Cod.e, Mayor. Passed provisionally in pounoil the 22nd.~ day ot Jul~ 1908. Finally paaaed in ?ounoil the l7th 1 day of Auguat~A.D.l908. (~). R.

D. Fleming, Seoretar.r-!reasurar.

lJo. --- -·---- ----~------------·---- FOURTH SESSION FIRST LEGISI,ATUHE 9 EDV! .ARD Vll • 1909. B I L L P~ Act to Validate and ~onfirm By-I;aw No .38 of the :Jown of Camrose. Recej:ved and read the Firf!/t time ................... . SectJnd time e•••···~~··········~ Th.J.i-d time .................. . UJ'\ A • ~ r"• n ·:'"· - ~.J f1:~ t ~ 0'~ ~, Mr. Rosenroll. ---- -=-- ~ ;::... Title: 1909 (1st, 4th) Bill 1,

An Act to Validate and Confirm By-Law No. 38 of the Town of Camrose

Document details

Collection	Alberta — Bills
Citation	L1 S4 10260
Type	bill
Volume / chapter	L1 S4 10260
Language	en
Format	json
Source	PROVINCIAL
Identifier	dad3fa90fc06843d439b118e56eb520b2cac4d6b

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