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Lethbridge Herald, The (Newspaper) - July 20, 1914, Lethbridge, Alberta
LETHBRIDGE DAILY HERALD Bluill be raised annually to provide CITY OF City of Lethbridge BYLAW NO. 244 A BY-LAW TO PROVIDE FOR BORROWING UPON DEBENTURES, THE FURTHER SUMS NECESSARY TO PAY FOR COM- PLETING CERTAIN MUNICIPAL WORKS AND FOR PURCHASING LANDS REQUIR- ED FOR A PLAYGROUND AND FOR PUB- LIC PARK PURPOSES. the City has constructed tie public -works hereinafter referred to and passed Bylaws providing for borrowins upon debentures the sums required pay She estimated cost 13t> WHEREAS the actual cost of several ot such works has exceeded the sum provided therefor. 4ND WHEREAS owing to the in- crease in the rate of interest on loans since such works were undertake the debentures authorized by the said By- laws to bo issued could only be sold at a-discount involving a substantial de- ficiency in the sums required to be provided and such deficiency has been by interest on temporary loans made to carry on the work aur- -Jng the progress thereof. AND WHEREAS it is necessary to upon debentures such suras as "are required to pay for the completion 'of such works, making due allowance for discount on the sale.of debentures a reasonable rate of interest and tim necessary expenses in ronneo tio" with the issue and salo taerof. WHEREAS it is also klesirab'.e to.purchase the lands hereinafter de- scribed in Proposition "DD" for the purpose of a playground for children. AND WHEREAS it is expedient to lorrow several sums required for the aforesaid on the credit of the City of Lethbridge and to issue de- 'Dentures therefor payable in thirty years .from the date of the issue there- of, bearing interest at the rate of five per centum per annum payable half AND WHEREAS it is desirable that for the several purposes above "referred to may he incorporated In pne Bylaw. AND WHEREAS the amount of the loan required for each of. the works above-referred to and the amounts re- quired to be raised "annually to pay interest and provide a sinking fund for the payment of the. debt are set forth in the following Apropos! tions: PROPOSITION "A'? (1) Purchase land-for Industrial Sites refer- red to in Bylaw No. 94. (2) Amount of the loan required to complete the work.......... 5122.80 (3) Sum to be raised an- nually to pay the in- terest 6.14 (4) Sum to be raised an- nually to provide sinking fund to pay the debt........... 2.58 '4) Sum to be raised an- nually to provide a sinking fund to pay the debt........... 1.84 Total amount to be raised annually---- PROPOSITION "F" Construction of Elec- zPIant and Ma- chinery referred to in Bylaws 132, 150, 110 and 210. (2) Amount of the loan required to complete the work J59.923.54 (3) Sum to be raised an- nually to the in-. terest............. (4) Sum to be raised an- nually to provide a sinking fund to pay the debt___........ (11 (2) (3) (4) Total amount to bo raised annually..... 58.72 PROPOSITION "B" Construction of the Coutts Street Bridge referred to in Bylaw No. 95 and No. 105 Amount of the loan required to complete the work.......... Sum to be raised an- nually to pay the.in- terest 7S7.16 Sum to he raised an- nually to provide a sinking fond to pay the debt 318.30 (2) (3) (4) (1) C2) (3) (4) (1) (3) (4) Total amount to be raised annually...... PROPOSITION "6" Construction of Sew- age Disposal Works, referred to in Bylaws No. 119, 151 .and 170. Amount of the loan required to complete the work Sum to be raised an- nually to pay the in- terest S74.S3 Sum" ,tp be raised an- nually to provide a sinking fund to pay the debt........... (2) (4) Total amount to be raised annually..... PROPOSITION "C" The purchase and im- provement of land for the Public Park known as Henderson Park referred to in Bylaw No. 119. Amount of the loan required to complete the work Sum to he raised an- nually to pay the in- terest 163.08 Sum to be raised an- nually to provide a sinking fund to pay the debt........... 68.81 Total amount .to he raised annually PROPOSITION "H." Construction of War terworks Plant, re- ferred to in Bylaws No. 161 and 170.. Amount of the loan required to complete the work 5451.40 Sum to be raised au- to pay- the in- terest 22.5" Sum to be raised an nually to provide a sinking fund to pay the debt............ 9.4! S3.14 34.53 Amount of loan required to complete the work Sum to be raised an- nually to the in- terest (4) Sum to bs raised an- nually to provide a sinking fund to pay the debt..... _________ Total amount to be raised.annually PROPOSITiON "N" ;i) Construction 'of cem- ent sidewalks, refer- red to in Bylaw No. 171.. Amount of the loan required to complete the work.......... Sum to be raised an- nually to pay the In- _ terest............. 19i.il Sum to be raised an- nually to provide a sinking fund to pay the debt........... 80.78 5272.95 219.19 92.14 Total amount to be annually PROPOSITION "O" (1) Constructing pave- ments on the streets referred to in Bylaw No. 372. (2) Amount, of .the _ loan required to complete the work.......... (3) Sum to be raised an- nually to pay the in- terest.......'....... (4) Sum to bs'raised au- nually to provide a sinking fund to pay the debt Total amount to be raised annually PROPOSITION "P" Construction "of sewers referred to in Bylaw No. 173. (2) Amount of the loan required to complete the work (3) Sum to be raised an- nually to pay the in- terest (4) Sum to be raised an- nually to provide a sinking fund to pay the debt Total amount to be raised annually PROPOSITION "Q" (1) 'Construction.of the Local Improvements referred to in-Bylaw. No. 174. City's.share of cost .Amount .the loan required" toj pay the City's, .share to com- plete the (3) Sum to be raised an- nually to pay theun- .terest (4) Sum to be raised an- nually to provide a sinking fund-tc. pay the debt (3) (4) Sum to raised an nually to pay the in terest Sum to be raised an- nually to provide sinkine fund to p? the debt........ Total amount to railed annually be PRpPOSITION "W" (1) Construction of Black- smith shop referred xio in Bylaw No. 208. (2) Amount of the loan required to complete the work (3) Sum to be raised an- nually to pay the in- terest (4) Slim to be raised an- nually to provide a sinking fund to pay the debt .........._ Total amount to be raised annually..... PROPOSITION "X." (1) Purchase of office fixtures referred to in Bylaw No. 208. Amount of the loan required 'to ccmplete the work..........., 3) Sum to be raised an- nually to pay the In- terest Sum to be raised an- nually to -provide a sinking fund to pay the debt S311.33 195.34 S2.1J 59.232.90 461.65 194.07 Total amount to be raised annually S32.06 PROPOSITION "I" Construction of the sewers referred to in Bylaw No. 164. of the loan required to complete the Work.......... Sum to be raised an- nually to pay the In- terest............ 35S.44 flum.to bo raised an- nually to provide a sinking fund to pay the debt 150.68 (2) (3) (4) (3) Total amount to be raised annually..... PROPOSITION "D" The purchase and im- provement of land for a p-jblio park known as Gait Park, referred to in Bylaw No. 151. Amount of the loan required to complete the work........... Sum to be raised, an- nually to '.he in- terest Sum to be rulted an- nually to provide a sicking fund to pay the debt......------ Total amount to be raised annually..... 5509.12 PROPOSITION "J" Grading of Street, referred to in Bylaw No. 166. Amount of the loan required to complete .the work Sum to be raised an- nually to pay the in- terest.............. 204.38 Sum to be raised an- nually to provide a sinking fund to pay the Sr.92 (1) (2) (3) (4) (D (2) (3) (4) Total. amount to be raised annually PROPOSITION "R Grading .of'streets re- ferred to 5n Bylaw No. 175. Amount of the loan required to complete the work Sum be raised an- nually to pay the in- terest 124.3. Sum to be raised an- nually to provide a sinking fund to pay the debt....... 52-2 5655.7 (4) Total amount to be raised annually PROPOSITION "K' Construction of ithe cement sidewalks, re- ferred to in Bylaw No. 167. Amount, of the loan required to complete the work Sum to be raised an- nually to pay the in- terest Sum to be raised an- nually provide a sinking to pay the debt 280.45 117.90 I 370.46 113.69 5384.15 5194.65 9.73 4.09 513.82 5171.88 S.59 Total amount to be raised annually PROPOSITION "S" Construction of sew- age disposal plant re- ferred to in Bylaw No. 208. Amount of the loan required to complete the _ Sum to be raised an- nually to pay the in- terest 50.49 4) Sum to-be raised an- nually to provide a sinking fund to pay the to be raised PROPOSITION "Z" 1) Purchase.-of land on River Bottom refer- red to'in-'Bylaw No. 20S, the loan .to., complete 'the Sum nually to nay the in- terest Sum to be raised an- nually to.. provide a sinking fund to pay (1) (2) (3) (4) Total amount to be raised ahmmlly 549.5: PROPOSITION "AA" .Construction of Park Supt.'s House refer- red to in, 'Bylaw. No. .208.. 'Amount ,of loan re- quired to "complete iibe work 5417.4 Sum to be raised an- nuatlj- to 'pay the in- terest 2u-s Sum to be raised an- nually to provide a sinking fund to pay the debt 4) Amount of the 'loan required to complete the Sum to be raised lui- hiially'to the In- terest Sum to ba raised an- nually to provide a sinking fund to pay the debt Total amount to be raised annually 204.18 85.83 AND WHEREAS before the con- tructlou, alteration or extension o! ny common sewer or system of sew- rago or sewage purification and dis- posal referred to in any of the propo- iliona above set .forthiwas undertak- n, plani and specifications of such onstruction, alterations, extensions, and in connection with the purlflca- ion and disposal of the sewage were ubmltted to and approved of by the Board of Health and a cer- ificate of such approval, signed by the Chairtnan' obtained, stating that the iropbscd construction, alteration or intension may'be carried out and that he constructed or 'extended common ewer of'system of sewerage and sew- age purification and. disposal may be maintained and operated without in- ury or danger to the public health, AND WHEREAS the amount of tie assessable property in the City ac- cording to the last; revised -assess- ment roll is and the -ateable proportion thereof is AND WHEREAS the amount, che existing debenture debt: of the 3ity o' Lethbridge, exclusive of local mDrovement debts secured by spec- al assessment is and no part of the principal or interest there- )f is in arrear. Therefore the Council of the City of-Ltthbrldg'e Enacts ai Follows: 1 The Council may borrow on the credit of the City of Lethbridse the sum or sums of money required for any or all of'.the propositions herein- before referred to, namely: For Proposition "A" the sum of "B" the sum ot "C" the sum of "D" the sum "E" .the 'sum For Proposition For Proposition For Proposition i'pr Proposition 592.27. For Proposition "F" the sum q: "G" the sum o: "J" the sum of "K" the suin the "Bum "M" the sum o "P" the sum o "R" the sum o Total amount to be raised annually 5176.6 PROPOSITION "S" Grading ot streets re- ferred to in Bylaw: No. 176. Amount of the loan required to complete the work.......... Sum to be raised an- nually to pay the in- terest Sum to be raised an- nually to provide a sinking fund to pay the debt (1) (2) (3) (4) Total amount to be raised annually..... 529.64 PROPOSITION "BB" (1) Municipal Street Rail- way Electric Works referred to in Bylaw No. 210. (2) Amount of the loan required to complete the work (3) Sum to be raised an- nually to pay the in- terest 657.66 (4) Sum to be raised an- nually to provide a sinking fund to pay the debt 276.47 For Proposition "H" the sum For Proposition 'V the sum For Proposition For Proposition. For Proposition For Proposition For Proposition "N" the sum o For Proposition "O" the sum _. For Proposition For Proposition "Q" the sum o For Proposition For Proposition For Proposition For Proposition "U" tbe sum of "V" the sum of 5393.36 Total amount "to be TfLiRArl annually....... PROPOSITION "E" (1) Construction of sewer outlet 'No. i referred to In Bylaw No. 161. Amount of the loan. required to complete the work........'... J92.27 Sum to be u- nuslly to pay In- L 4.6' C2) C3) (4) Total amount to be annually PROPOSITION "L" Construction ot the referred to in Bylaw No. 168. Amount of the loan required to complete the work Sum to be raised an- nually to pay iiie In- terest............. Sum to be raised an- nually to provide a slaking fund to pay the debt.......... 530.01 Total amount to be raised annually PROPOSITION "T" Construction of cem- ent sidewalks refer- red to in Bylaw No. 177. Amount of the loan required to complete the work........... Sum to be raised an- nually to pay the in- terest Sum to be raised an- nually to provide a sinking fund to pay the debt............ _________ Total amount to be nised annually PROPOSITION "U" (1) Pavlrfg streets refer- red to in Bylaw No. 178. f2) Amouni, of the loan required to complete the work............. (3) Sum to be raised an- nually to pay the in- terest 258.72 (4) Sum to be raised an- nually to provide a sinking fund to pay tho debt 103.76 124.65 52.40 222.82 Total amount" to -fce raised annually PROPOSITION "M" Construction of. In- dustrial Power build- ings, referred to in Bylaw No. 170. !D (2) (3) (4) (1) (2) (3) (4) unts there shall levied and qol- "S" the sum of 65 in each year for thlrtv years, urlng the curiencv of the said de ehtures, -on all ttie rateable prop- ity the City of Lethbridge by peclal rate or rates sufficient there- or the following sums for paying the merest on and for forming a slnk- ng I'ind for the payment of the debt reate'd in respect of each of the said repositions respectively' Proposition "A" The s'um of allbe raised, annually to pay the merest and the sum of shall )e raised "annually to provide a slnk- ng fund to pay the .debt Proposition "B" The sum of 6 shall. be raised annually to pay and the sum of hail he .raised annually 'to provide a inking fund to pay. the debt. Proposition "C" The sam of 5103. 8 shall be raised annually to pay the nterest and the sum'of shall be raised annually, to' provide a slnk- ng fund to pay the debt Proposition "D" The sum of 5 shall be raised annually to pay the nterest and the sum of shall w raised annually to provide a Bink- ng fund to pay the debt. Proposition "E" The sum of hall be raised annually to pay the nterest .and the. sum- of. shall 10 raised annually to provide a sink- ng fund to "pay the debt. Proposition "F" The sum of 996.17 shall be raised annually to pay la interest and the-sum of shall-'be raised annually to provide a sinking ifund to pay the debt. Proposition "G" The sum of R3 shall be raised annually to pay the interest and the sum of shall be raised annually to provide a sinking fund to pay.the debt. Proposition "H" The sum of shall be raised annually to pay the in- terest and tie sum of shall be raised annually to provide a sinking 'und. to pay the. debt proposition "I" The sum of 5358.- 44 shall be raified annually to pay the nterest and the sum of 5150.68 shall be raised annually'to provide a sink- ink fund to pay the debt Proposition "J" The sum of 38 shall be raised annually to pay the merest and the sum of shall be raised annually to provide a sink- ing fund to the debt. Proposition "K" The sum of 46 shall be raised annually to pay the interest and the sum of shall be raised annually to prov'c'e a sink- inc fund to Thy the debt. Proposition The sum of 01 shall be raised annually to pay the interest-and-the sum of -1233.82-shah be raised .annually-to provide a sink- ing firnd to pay'the debt Proposition The sum of shall bo raised annually to pay the in- lerest and the, sum of M4.53 shall be raised annually to provide a sinking fund to -pay the debt. Proposition "N" The sum of 17: shall be raised annually to pay the interest1 and the Biim of shall be raised annually to provide a sinking fund the debt. Proposition The sum of 19 shall be raised annually to pay the interest and the sum of shall be raised annually to provide a sink- ing fund to pay the debt Proposition "P" The sum of 34 shall be raised annually to pay the interest and the sum of shall be raised annually to provide sinking fund to pay the debt. Proposition sum of shall be raised annually to paj linking fund to pay the debt. 5. Tbut the Mayor Ida office in the City of Lethbridge at iO o'clock In the t'orenoon ob'tbe-thlrd (3rd) day of August. A J914 and it requested shall appoint two persons to attend at the final summing up ot [he votes and one person >to attend at each polling plice on behalf of poisons Interested In promoting the passing of this and a like number on behalf of the persons in- terested in opposing the passing ot this Bylaw. 6. The City Clerk shall at his of- fice In the City of Lethbridse ,on the 5th day of August A.D. 1914 at the hour of 10 o'clock in the forenoon (10 sum up the number of votes for and against the Bj-Law. 7. This By-law shall effect on the day of the final passing thereof; 8. The votes of tne Burgesses uuiy qualified to vote on this By-law shall be taken on the 4th day of August A. D. 1914, at'tlie following places'in the City of Lethbridge, between the hours of nine (9) o'clock in the forenoon and eight (S) o'clock in the.; afternoon, namely (a) For that portion ot the City lying Noith of the" C. P. Railway, at thu Gymnasium at the corner of 13th street and Fourth Avenue North, by H. Dawson, who is appointed Deputy Returning Officer to take the'iotM. (b) For that portion of the City lying South of the C. P. Railway at She Labor Temple'facing New Post Office, on 7th Street South, by E. ,0. Stickloy, who is appointed Deputy Re- urning Officer to take the votes. 'READ a first time this'8th day ot uly A.D. 1914. W. D. L HARDIE, Mayor Wm. STEVEN, City Clerk READ a'second time this 8th day t July AD. 1914. W. D. L. HARDIE, I Mayor WM. STEVEN, City Clerk READ a third time and passed this .......day 1914. .........................Mayor .....................City Clerk NOTICE Notice is hereby given that, the above is a true copy of the proposed By-law which has been introduced and I'hicli may be finally passed by the Jouncll in the event of tho assent ot he Burgesses being obtained thereto after one month from the first publicn- .ioii thereof-in' the Leihbridgc iraiiy lerald newspaper .and that date ot uch first publication is the thirteenth day of .Inly 1914, and that upon he day and at the places fixed for nklng votes of the Burgesses the vot- IK thereof will -be held between tbe lours of 9 a.m. and S p.m. -----'STEVEN, '.City Clerk. "T" the sum of (1) (2) Total amount to bo raised annually PROPOSITION "V" Construction of sew- ers referred to In JUy- law No. 104. Amount or the loan required to complete the work 5367.43 Total amount to be raised annually..... PROPOSITION "CC1 Construction of Local Improvements refer- red to in Bylaw No. 211. City's share of cost. Amount of the loan required to pay the City's share to com- plete the work Sum to he raised an- nually to pay the in- terest Sum to be raised an- nually to provide a sinking fund to pay the debt........... 605.58 Total amount to he raised annually PROPOSITION "DD" The purchase and im- provement of I.Dt 16. Block Plan No. Lethbridge, for a playground for children. Amount of the loan required to complete the work Sum to be raised an- nually to pay the in- terest............... 21.52 Sum to be ralaed an- nually to. provide a slnUng fund to pay tho debt 9.04 For Proposition For Proposition For Proposition For Proposition For Proposition For Proposition For Proposition For- Proposition For Proposition "W" the sum ot "X" the sum of the sum "Z" the Bum "A1A" the sum of "BB" tbe sum of "CC" the sum of "DD" the sum of For Proposition "EE" the sum of 2. That debentures ot the City of Leihbridge shall be issued for the sum or sums to be borrowed in one consecutive issue in such sums as may be deemed expedient and shall have coupons attached thereto for the pay- ment of interest. The said debentures shall all bear the same date and shall bo dated and issued within two years after the final passing of this Bylaw and be payable at the expiration of thirty (30) years from the date of the issue thereof. Such debentures may bs expressed either in Canadian Cur- rency or. Sterling money or both in currency and Sterling money of equi- valent value as provided by the Cur- rency Act, as the Council may by re- solution direct and shall bear interest at the ratp of five per centum per an- num payable half yearly and as to both principal and interest may be made payable at the Bank of Mont- real, in London, England, or nt the chief office- of the said Bank in tho City of Toronto, the City of Montreal, or the City ot Lethbridge in tho Dom- inion of Canada, or at the chief office in the said Bank, in the City of New York In the State of New York in the United States of America, or nt any other place or places in Canada, Great BrKnin or tho United States as the (D Total -mjjuMt to bs raised annually PROPOSITION "E6" For providing for Henderson Pack Mm- cry. .he interest and the sum of SW4.07 shall be raised annually to provid a sinking fund to pay.the debt. Proposition "R" The sum of 5124. shall be raised annually to pay the nterest'and the sum of 552.29 shall >e raised annually to .provide sink ng fund to >pay the debt. Proposition "S" The. sum .of 515Z. 80 shall be raised annually to pay the interest and the sum of shal le raised annually to provide a einlc ng fund to pay the debt Proposition "T" The sum of 5124 65 shall be raised annually to pay the interest and the sum of shal be raised annually to provide a sink ing fund to the debt. Proposition The sum of 72 shall -be raised annually to pay th Interest and the sum ot shal be raised annually to provide a Binlt ing fund to 'pay- the debt. Proposition "V" The sum of 46 shall be raised annually to pay th interest and the sum of 1 be raised annually to provide a sink- ing fund to pay the debt. Proposition "W" The sum ot shall bo raised annually to pay tho interest and the sum of shall ba raised annually to provide a sink- ing fund to pay .the debt. The aum ot shall be raised annually to pay the interest and the sum of shall be raised annually to provide.a sink- ing fund to pay the deui. Proposition ".Y" The sum of shall be raised annually to pay the interest and the sum of shall to raised annually to provide a sinking fund to pay the debt Proposition "2" Tho sum of shall be raised annually to pay the interest and. the sum of shall be raised annually to provide a sinking fund to pay the debt.. Proposition "AA" The sum of shall be raised annually to pay the Interest and tho sum, shall be raised annually to provide a sinking fund to pay the debt. Proportion "BB" The sum of 5667.66 shall raised annually to pay the Interest.and tho sum of 5276.47 shall be raised annually to provldo a sinking ,fund to pay the debt. Council may by resolution direct and' such debentures may contain any clause providing for the registration thereof authorized by the Lcthbrlilgo Charter. .'3. That the said debentures shall be sealed with tho seal of tho City of Letllbrldgo.Rnd algnod by the Mayor and City Clerk, The coupons shall bo signed by.tho'City Clerk and tho signa- tures to the coupons may bo lltho- uraohcd or engraved. Proposition "CC" The sum of shall bo raised annually to pay the interest iind the sum of 58 shall; bo raised annually to provide a sinking fund to pay the debt. Proposition "DD" Tho sum of shall be raised annually to pay tho Interest and the sum of shnl bo to (irovldo a sink Ing fund to pay tho debt. Proposition "IST3" The aum o shall be raised annually to pa: tho Interest and tlio sum ot
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