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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Cranbrook Herald
Location
Cranbrook, British Columbia, Canada
Date
Nov 24, 1910
Page
6
City of Cranbrook proposes By-law No 88 to raise 15000 dollars by debentures to complete and equip municipal buildings and the city lock-up. Petition by ratepayers requests the measure, with debt service and sinking fund planned from property taxes. Existing debt stands at 152250.68 and overall indebtedness cap remains 20 percent of assessed value.
The Cranbrook Municipal Council authorizes borrowing up to 15000 dollars by debentures to fund local improvements and school works. Debentures of 600 dollars each bear 5 percent interest, mature Dec 28 1940, with annual installments and a sinking fund. Debentures may be sold for not less than 90 percent of face value and can be repurchased later. Take effect Dec 15, 1910 and notices prepared for November 28 1910 vote.
60 days after date I intend to apply to the Chief Commissioner of Lands and Works for a license to prospect for coal and petroleum on Block 4593 in S. and Kootenay district. The description notes a post near mile 33, outlining a 80 chain by 80 chain square. Harry H. Hughes, Locator, J. Livingston, Agent, Sept. 20, 1910.
Davis Mc Fachern of Fort Steele British Columbia a teamster intends to apply for permission to purchase lands described starting at the north west corner of Lot 115 going south to the Kootenay river upstream to a point due west of the starting point then back to the starting point.
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