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Lethbridge Herald, The (Newspaper) - July 27, 1914, Lethbridge, Alberta
LETHBRIDGE DAItT HERALP CITY OF LETHBMDGE-MONEY BYLAWS 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. WHEREAS the Clty.ias constructed tie public works hereinafter referred to and passed Bylaws providing for borrowing upon debentures the sums required "to pay iihe estimated cost thereof. AND 'WHEREAS the actual cost of several ot such works has exceeded, the slim provided therefor. AND WHEREAS owing.to the in- crease in the rate of interest on loans since such works were undertaken the debentures authorized by the said By- laws to be 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 increased by interest on temporary Joans made to carry oa the work dur- Jns fche progress thereof. -AND WHEREAS it is necessary to fcorrow upon debentures such sums as are required to pay for the completion of such works, due allowance for discount on the sale of debentures bi-armg a reasonable- 'rate of interest snd the necessary expenses, in connec- tion with the issue and sale therof. AND "WHEREAS it is also desirable to purchase the lauds hereinafter de- scribed, in Proposition "DD" for.the purpose of a playground for children. AND' WHEREAS it is expedient to borrow several sums required for the purposes aforesaid on the credit of the City of Letibridge and to issue de- bentures therefor payable in thirty Veare from the date of tie issue there- of, beating interest at the rate of five per centum per annum .payable half yearly.- AND WHEREAS it ia desirable that the Bylaws for tho several purposes above referred to may. be incorporated In one Bylaw. "AND WHEREAS the amount of tie loan required for eicn of the works above referred to and the amounts re- quired ;to-be raised-annually to. pay tie interest and provide a sinking fund.for the. payment of the debt are set forth in the proposi- tions: "A" (1) Id) (2) (2) PROPOSITION Purchase of land 'for Industrial Sites refer- red to in Bviaw No. 94. 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 raised annually..... PROPOSITION "B1 Construction of. the Coutts Street Bridge referred to in. Bylafr 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 Sum to be -raised an- nually to provide 'a sinking fund to -pay the debl T6U1 amount to he raised annually PROPOSITION "C" The purchase and im- provement oT land for the Public Park known is Henderson Park referred to in Bylaw No. 119. 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........... 6.14 2.58 58.72 318.30 163.68 6S.S1 (2) (3) ID Total amount to be raised annually..... PROPOSITION "0' The purchase and im- provement of land for a public park known as Gait Park, referred to in Bylaw No. 151. Amount of the loan required to complete the work Sum to be raiv.it an- nually to pay the In- .terest............. Sum to be raised an- nually to provide a sinking fund to pay tie debt Total amount--is raited annually PROPOSITION "E" Construction of sewer outlet No. 2, referred to in -Bylaw No. 151. Amount of the loan required to complete tho work........... Sum to be raised an- nually .to pay tin ia- 44.36 4.61 Sum to be raised an- nually to provide a sinking fund to pay the debt........... 1.94 Total amount to be raised .annually----- PROPOSITION Construction of Elec- tric Plant and Ma- chinery referred to in Bylaws 132, 150, 170 and 210. Amount of the loan required to complete the work Sum to be raised an- nually to pay the .in- Sum io be raised an- nually to provide a sinking fund to pay- tie debt............ S6.55 Total amount to be raised annually...... PROPOSITION "G" Construction of Sew- age Disposal" Works, referred to in Bylaws No. 119, 151 and 170. Amouht of the loan required to complete the work Sum to-be raised an- nually io pay the in- terest Sum to be raised an- nually to provide a sinking fund to pay the debt S74.83 367.76 Total amount raised annually PROPOSITION "H" Construction of Wa- terworks' Plant, re- ferred to in Bylaws Nc.-151 and-170. Amount of the loan required to complete the! work -.Sum to be raised an- nually to pay the in- terest Sum to be-riise.i an nually to provide a sinking fund to pay the debt............ 9.49 Total amount to be raised annually..... PROPOSITION "I" Construction of the sewers referred to in Bylaw Amount of the loan required to complete the work Sum to be raised an- nually- to pay the in- terest 35S.44 Sum to bo raised an- nually to provide a sinking fund to pay the debt......___ 150.GS Total amount to ba raised annually..... PROPOSITION "J" Orrading of Streets, 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 debt............. 85.92 Total amount to be raised annually PROPOSITION "K" Construction of Ithe cement sidewalks, re- ferred to it: Bylaw No. 167. Amount of the loan required 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 0ay the debt 280.46 117.90 (2) Amount of the loan required to complete the nork (3) Sum to bo raised an- nually to pay the in- terest, S314 (4) "Sum to bo" raised an- nually to provide a sinking fund to pay the debt 3453 (1) (2) (3) (4) (1) (2) (3) (4) (1) Total amount to be raised annually 5398.36 PROPOSITION "L" Construction of Ute sewers referred to in Bylaw No. 168. Amount of the loab rBQuired to complete the work............ J10.600.S9 Sum to be raised an- nually to pay the in- terest............. 530.04 Sum to be raised, an- nuclly to provide a Binl'.tng fund 'to pay tie debt 222.82 Total amount to be raised annually..... PROPOSITION "H Construction of In- dustrial Power build- IngH. referred to In Bylaw No. 170. (2) (3) (4) (1) (2) (3) (4) Total amount to be raised annually PROPOSITION (1) Construction of cem- ent sidewalks, refer- red to in Bylaw No. 171. (2) Amount of tho loan required to complete the work.......... (3) Sum to be raised an- nually to'pay the in- terest 19317 t4) Sum to be raised an- nually to provide sinking fund to pay the-debt S0.78 Total amount to be rajised annually PROPOSITION "O" (1) Constructing pave- ments on the streets referred to in Bylaw No. 172. (2) Amount of tie loan required to complete tha work.......... (3) Sum to be raised an- nually to pay tha in- terest.............. 2M.19 (4) Sum .to be.raised an- nually to provide a sinking fund to pay the debt........... 92.14 Total amount to be raised annually...... J311.33 PROPOSITION "P" (1) Construction of flhe sewers referred to in Bylaw No. 173. (2) Amount bf tie loan required to complete the work (3) Sum to be raised an- nually to pay the in- 195.34 (4) Sum to be raised ,au- nually to provide a sinking fund to pay the debt 82.11 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 (2) Amount of tie loan required to pay the City'3 share to cbin- plete the work...... (3) Sum to be raised an- nually to pay the in- terest.......A..... 461.65 (4) Sum to be raised an-" nually to provide a sinking fund to pay the debt............ 194.07 Total amount to be raised annually..... PROPOSITION "R" Grading of streets re- ferred to In Bylaw No. 175. Amount of the loan required to complete -the work Sum to be raised an- nually to pay, tie in- terest Sum to be raised an- nually to provide a sinking fund to pay the debt Total amount to be raised annually PROPOSITION "S" Grading of streets re- ferred to in Bylaw No. 17G. 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 124.39 62.29 152.80 64.23 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 Total amount to be raised annually..... PROPOSITION "U" Paving streets refer- red to in Bylaw No. 178. Amount of the loan required to complete tie work Sum to bo raised an- nually to pay the in- terest Sum to be raised an- nually to provide a sinking fund to pay the debt........... 124.65 52.40 268.72 108.76 (3) (4) (1) (2) (3) (4) Total amount to bt raised annually PROPOSITION "V" Construction of sew- ers referred to in By- law No. 104. (2) Amount, of the loan required to complete the work 270.46 113.69 Sum to to raised an- nuilly b> pay the in- terest' Sum to to railed an- nually-to provide a sinking, fund to pay the' debt Total amount to be raised annually PROPOSITION "W" Construction of Black- smith shop referred to in Bylaw No. 208 Amount'of tie 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 raised annually..... PROPOSITION "X" Purchase' of office fixtures referred to in Bylaw No. 208. Amount of the loan required, to complete the Work Sum to be raised an- nually to pay tie in- terest.............. Sum to be raised an- nually to provide a sinking fund to pay ..the debt Total amount to be raised annually PROPOSITION "Y" Construction .of sew- age disposal plant re- .ferred to in Bylaw '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........... 3.59 3.61 50.49 21.23' Total amount to be raised annually PROPOSITION "2" Purchase of land on River- Bottom refer- red to in Bylaw No. 208. Amount of tie Joan required to complete the wp.rk Snm' to 'be raised an- nnally to pay -top in- terest .'...v. Sum to be raised an- nually to provide a: sinking fund to pay the debt i...- 34.87 14.65 .Total -amountrto! be raised annually PROPOSITION "AA" Construction of Park Supt.'s v fed to in 208.. Amount of loan re- uuired to complete Sum to be raised an- nually to pay .the in- terest 20-S7 Sum to be raised an- nually to -provide, a sinking fund to pay the debt Total amount to ba raised annually..... PROPOSITION "BB" Municipal Street.Rail- way Electric Works referred to in Bylaw No. 210. x Amount of the loan required to complete the work........... Sum to be raised an- nually to pay the in- terest 657.66 Sum to be raised an- nually to provide a sinking fund to pay the debt........... 27( Total amount to be raised annually..... PROPOSITION "C'C1 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 sharo to com- plete 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 (2) 13) (4) Amount of :tlie loan required to complete the work Simi to be.Taised tm- nually to 'piiy the in- terest Sum to raised an- nually to provide a sinking fund to pay the debt Total amount to be raised annually AND before the Con- struction, alteration or extension of any common sewer or system of eew eroge or sewage purification and dis posat referred to In an> of the proiio sitions above sot forth was' undertak- en, plans and specifications of such construction, alterations, extensions and in connection with the purifica- tion'and disposal of the sewage were submitted" to and approved of by tie Provincial Board; of Health and "a cer- tificate of such approval, signed by the Chairman f obtained, stating that the construction, alteration or extension may be carried out and that the constructed or extended common sewer or system of-sewerage anfl sew- age pnrifloatlon and disposal may be maintained and operated without in- jury or-danger to the piibliq health. AND. WHERE AS the amount of the assessable property in the City ac- cording to the last revised assess- ment roll is and the rateable'-proportion thereof is ANJ3 WilERSAS the amount of the- Existing debenture debt of the City of Lethhridge, exclusive of .local Improvement debts. secured by spec- ial assessment is and no part of the principal or interest tiere-. bf is in arresr. Therefore the Council of the.City of Leihbrldge Enacts as Follows: 1. The Council may borrow on tie credit of tie City of Lethbridge tie sr.m or sums of money required for any or all of tie propositions herein- before referred to, namely: For! Proposition the 3um of :For Proposition For .Proposition For Proposition 'for Proposition For Proposition For Proposition -Forl-Propositiou For -Proposition For Proposition "B" the sum of "C" the sum of "D" the Bum of "E" tiie sum of "F1 the sum of 4 And'111 addition all othei am- ounts.there shall be levied and col- lected in each year for thirty years, during the currencv of the said de bentureu, on all ''tihe rateable prop- erty In the City of Letibridge by special rato :'or :rates sufficient there- for thV following 3umB for paying the interest on and for foimlng a sink Ing fund tor the payment of the debt created in''respect of. ench ot the said propositions respectively Proposition The sum of shall bi? mi cu annualli to pay the interest-and .the-sunv of shall be raised annually to provide a sink- ing fund to pay tha debt. Proposition "B" The sum of 16 shall -be raised annually to pay the interest and the Bum of shall be .raised annually to provide a sinking fuiui to pity uu lebt. Proposition C' The sum of 68 shall be raised annually to pay tho interest and. the sum of shall be raised annually to provide a sink- ing fund: to pay debt Proposition "D" The sum of 95 shall be raised annually-to pay the interest .and .the. sum of shall ho_.raised annually-to -provide a sink- ing fund the debt. Proposition The sum of shall.be raised annually to pay the interest and. the sum of shall be raised ash'ual'.y-'t.o.provide a sink- ing fund 'to' pay the debt. Proposition sum ot 996.17 shall be raised annually to pay the interest and-the sum of shall' be raised annually to provide a sinking-fiina to pay the debt. Proposition The siim of 83 shall: be .-.raised annually to. pay the iotefest aiid tie" sum of raised annually to'provide a sinking fund tor pay. the debt. Proposition The sum of shall be raised arinually to pay the in- terest and Jhe '811111 of shall be raised annually to provide a sinking fund to pay: the: debt Proposition "1" The sum of 44 shall be raised, annually to pay tie interest and'tlie sum of shall be raised annually to provide a sink- ink fund to pay the debt. Proposition Tale sum o[ 38 shall be raised annually to pay the interest and the sum of J85.92 shall be raised Khhiially to. provide a sink- ing fund to jay the debt. Propositibii 'IK" The sum ot S280.- 45 shall be raised annually to pay tho interest and. the.sum of shall be raised -annually, to prov't'e a sink- ing fund.to pay the debt. hall be raised anuualiyto provide ft sinking fund to pay the debt 5 That the Major shall attend at ils office in the Cltj of Leihbrldse at 0 o'clock in the forenoon on" the third 3rd) day ot August A D 1914 and If equested shall appoint two o attend at the final stimirlng up oC ho and one person (o it each palling place on behalf ot persons interested in .promoting-the ,__jing of this Bvluw and a like n.-.ber on behalf of He persons in- created in opposing the passing ol his Bylaw, C. The'City Clerk shall at his-of- Ice in the City of Lettibridga on -the ith day of August 1914 at tha lour of 10 6'clock'in the, forenoon (10 am sum up the number of ttotei for .nil against the Bj Law. 7. This By-law shall take effect-on he day of tie _ The votes of the BurgeiEes duly qualified to vote on this By-law shall be taken on the 4th day. of August, A. D. 1914, at tilie following places In the City of Leiibrldge, between 'the hours rt nine (9) o'clock in the forenoon and light (8) o'clock in the afternoon, (a) For that portion of the' .City ying North of the C. P. Railway, at ho Gymnasium at the comer of 18th street and Fourth' Avenue H. Dawson, who is appointed -Deputy Returning Officer to take the votes. (b) For that portion of the City ying South of the C. P." Railway, at ijhe Labor Temple facing-New'Post Office, on 7th Street South, by B.-'O. Stickley, who is appointed Deputy Re- turning Officer to take the votes. HEAD a first time this Sth 'day ot uly A.D. 1914. W: D..L: HARDIB, Mayor Wm; STEVEN, City Cleric READ a second time. this ,8th day of July A.D. 1914. W. D. L. HARD1B, I Mayor STEVEN, City Clerk READ a third time and passed tils .......day of.........-...'.A.D. 1914. .........................Mayor Proposition The sum of 04 shall bo raised annually to pay the the sum of Interest, and the sura of. s-hall be raised annually to-provide a sink- !'R" the sum cf the sum of "J" the sum of For Proposition' tie sum ot "L" the sum of For Proposition For Proposition For Proposition For Proposition For Proposition For Proposition "Q" the sum of For Proposition For Proposition "S1 For Proposition For Proposition "M" the sum 'of "N" the sum of "O" the sum of "P" the sum of "R" tie sum of ing fund to pay tie debt. Proposition "M" The sura of shall-be raised annually to nay-the in- terest and tile-sum-of 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 interest and the sum of shall be raised annually to provide a sinking 'fund to pay the debt Proposition- "O" The sum of 19 shall be'raised annually 'to pay the interest and the sum of shall bo raised annually to provide a sink- ing fund to pay the dsht. Proposition "P" Tie sum of 34 shall be raised annually to pay the interest and, the sum of ?82.11 shall bo raised annually to provids a. sinking fund to-pay the debt. Proposition "Q" The sum of sum of 65 shall be raised annually to pay the interest and the sum of .....................City Clerk NOTICE _ Notice. Is hereby given .that tho above- Is a true copy of the .proposed By-law which bas been introduced and which may be finally passed by the Council in the event of the assent, of lie Burgesses being, obtained'thereto after one month from the first publica- tion thereof in" the Lethbridge Daily Herald newspaper and that-date -of such nrst publication is tie thirteenth 13) day of July 3914, and that upon .he day and at the places fixed for aking votes of the Burgesses the vot- ng thereof will -be .held between the hours ot 9. a.m. and 8 p.m. .WM..STEVEN, City1 Clerk.. "T" tho sum of "U" the sum of For Proposition "V" the sum of For Proposition "W" tie sum of For Proposition "X" the sum of For Proposition "Y" the sum of S1.0SS.88. For Proposition "Z" the sum of For Proposition "AA" the sum of For Proposition "BB" the sum of For Proposition "CC" the sum ot For Proposition "DD" the sum of For Proposition "BE" the sum of 2. That debentures of the City of Lethbridge shall be issued-.for the sum or sums to bo 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 be dated and issued within two years after tic 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 be expressed either in Canadian Cur- or Sterling mo.iey or both in ing tuna to pas currency and Sterling money of equi- ueni uu.j..jo Total amount to be raised annually PROPOSITION "DD" The purchase and im- provement of Lot 16, Block Plan So. "1354C." Lethbridge, for a playground for children. Amount of the loan required to complete the work Sum to be liaised an- nually to pay the In- terest 21.52 Sum to be raised an- nually to provide a sinking fund to pay the debt 9.04 (1) Total amount to bo raised annually..... PROPOSITION "EE" For providing for Henderson cry. valent value as provided by the Cur- rency Act, as tho Council may by re- solution direct and shall bear Interest at the rate 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, ill London, England, or at the oilef office of the said Bank in tho City of Toronto, the-City of Montreal, or the City ot Lethbridge In the Dom- inion of Canada, or at the chief office In the said Bank In the City of New York In tho State of New York in the tlntled States of at' any other place or places In Canada, Great Britain or the United States as the Council may by resolution direct and such debentures may contain any clause providing for the registration thereof authorized by the Lethbridge Charter. 3.' That the said debentures stall be sealed with tho seal of the City of Lethbridge and signal by the-Mayor and City'Clerk. Tlie coupons shall be signed by the City Clerk and (lie signa- tures to the coupons may bo lltho- granhcc! or engraved. shall be raised annually to prdvidt a sinking fund to pay the debt. Proposition "R" The sum of 39 shall he-raised annually to the nterest-and the sum of shall >e raised annually to .provide a sink- ing fund to ipay the debt Proposition "S" The sum of SO shall be raised annually to pay the nterest and the sum of shall )e raised annually to provide a sink-' ing fund to pay the debt Proposition "T" The sum of 65 shall be raised annually to pay the nterest and the sum of shall je raised annually to provide a sink- ing fund to pay the debt. Proposition "BBV The sum ol shall be raised annually to pay the interest and the sum of shall .be Taised annually to provide a sinking .fund to .pay the debt Proposition The sum ol shall be raised annually to pay the interest and tho sum of 58 shall bo raised annually to provide a sinking.fund to pay the debt. Proposition "DD" The sum ol rained annually to -pa> lit! interest and the sum of bo raised annually- to provide a sink ing fund to pay tlie debt. Proposition Tho sum shall bo raised annually to pay tho Interest and the sum of
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