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Lethbridge Herald Newspaper Archives

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Lethbridge Daily Herald, The (Newspaper) - May 15, 1908, Lethbridge, Alberta LETH3R1DOE, IB, till. BY-LAW NO. i ihi- riuui nf to bo iibk' at ihf oxpiratinn u! thirty urs fn.'in date of this taking A bylatv of the Ciiy vif Lrthbndp- di'b.'iitmvs b iny tin.' sum of for the ur any multiple thnv..j[ not in tmi-rvMf.nf dffiMvina tin- Mil to ,.Xn-rd the sum ui of certain local improv.'itu'iits, ilmt is an. I that coupons shall be attached to to say, strcvt grading aiul the con- for tlu- liiilf-yoarly m- slruction of cement ;md to is- on each debenture respectively sue debentures for the said sum and :lt tin- rate tive JUT cent per an- to provide for the and uum, in the payable ;it the colcction of the sums necessary to Bank >A Montreal in tin- City of Mou- ivtire said debentures. 'tr.-a! in the 1'rovimv of Quebec. WH1CRKAS the City airr. ed to Thai tlie said debentures shall construct and to f.rrad be sealed with tho MM! of the City of certain stiv-ots as out in a report Lei h bridge and signed by its Mayor of thi? Committee oi Works and Prop- and S eivtary-Tiva-surer and be pay- crty, dated the Mth day of March, able in Canadian currency at the A. D. 1903, on file in the ollice of the Bank of Montreal in Montreal nfore- Secretary-Treasurer uf the City. Isaiil. B14AW NO. AND WHKRKAS it tin? said trport that appears from the estimated 4. Thai in amounts ther addition to all other shall be levied and cost of thr said cement walks will in; collected in each yi ar during the cur- of which the portion uf tho uf the said deb mures on all cost to bonn- by the City is the rat-able property in in-- 000 and the estimated co.-t of tlu: rity, by special rate i said street grading would be ratt-s .-uilicient tin ivfor sum 00, which the portion to be borne. tor jisivinjr the on by tin.- City is 1 the said d.-b--ntmvs ami the amount AND it is dei-nied ad-Ui t'urm a sinkinj: fund visablc to raise by way of loan on the the payment of the debt civated by credit of the City of Let h bridge the tin- issue of said d-'bentiiivs, be said sums of and payable, Wj.-d and cullvcttd at iiuikin? in all fur the pur- the sam- time and in the pose of defraying the city's share of same manner a> uih.T tax- the said costs. es are levied and collected AND WHEREAS it is expedient by statute or bylaw of the City. that the said loan bear hit rest at the j 3. That tins byLuv shall come into rate of five (5) per cent, per annum effect on the day of to be paid Imlf yearly, and that the A. U. U-O-. said principal sum of be' G. That the vote.- of the electors paid at the expiration of thirty years duly qualified to vote on this bylaw (30) from the date this Hyl.iw tak- 'shall be lake n o.i the eighth day of ing effirct. AND th.- valu. ..f rateable {.mptnty In th-- City LrthbiidlLv according to thr A of the City to rui.-e tin- .sum for the' purpose of building a lire hall, a mar-i ket place and ii necessary iiie ac-i quiring of sites and: the purchase ol certain sire appuiut- us, and to issue debentures for said' sum and to provi !e f'r the asstss-' in.'lit and collection of the sums canary to retire said debentures. WHKRKAS it deemed advisable! Ituiv respectively, at the rate of. five! ifi) per eeiit per mmum, in the inean-j jtime. payable at the Bank of Mou-j of i.ethbridge I treal. in the City of Montreal in the Province of Quebec. Bylaw to raise' lhc City of Lethbtidge Bum of Cor the S, That tlie said debentures shall bu the seal of the City ol and signed by its Mayor and Socrotary-Treasurerj and be pay- jable in Canadian currency at the 3. That the said bentur s purpose of defraying the cost of eer- Bank of Montreal, in-Montreal afore- be seuied with the scui ui City oi extPiisioiw to thp water-Unid. place in the city ut Lethbridge ami if necessary acquire r-iles therefor Mini to purchase certain additional lire apparatus, the estinuu d et on the debentures, and the amount ofj to form a sinking fund for ad- payment of the debt created by the on issue of said debentures, to be pay- er, .lit "f the City uf Lethbridge able, levied and collected at tlie same time and in the same manner as other works system, to be undertaken dur- ing the year 1908, and to issue debon- 4. That in addition to all other amounts there shall be levied and coi- sums necessary to retire said tures. WHEREAS it is deenud advisable to make certain extensions to the wa- the said sum --f A.VD WHKRKAS it is expedient aro payable, levied and collect- th.it the said loan bar interest at the i ate .if iiv per cent, per an- num, t'i IK half yearly, and that''' the .-.iid principal sum of be paid at the expiration of thirty eil by statute or by Bylaw uf the City. 5. That this Hvlaw shall come into ffect on the A. D. 1908. G. That the Jav of votes of the electors tares for said sum and to provide for lectcd in each year during the cur- the assessment and collection of the rency of the said debentures, on all the rateable property in the City of Lethbridge, by special rate or rates sufficient therefor, the sum of for paying the interest on the said dc- tenvorks system of the City, the bentuns and the amount of to form a sinking fund for payment of the debt created by the issue of said debentures, to be payable, levied and collected at the same time and in the same manner as other taxes are payable, levied and collected by Statute or by Bylaw of the City. 5. That this Bylaw shall come in- cost of such extensions being AND WHEREAS it is deemed ad- visable to raise by way of loan on the of Lethbridge the of the (..'W> years from date law taking effect. AND WHKHKAS the tliis bv- value of the rateable property in City of Lethbridge, according to tlie last re- vised Assessment Roll is the sum of AX1) WHKHKAS the amount of the existing debt of the city of Lethbridge Jun e A. D. MM i? at tlu- j-'ir.- Hall iu tiu- C'ity of Lethbridge, between the hours of nuii- o'clock in the forenoon and ei'.'ht u'ciock in the afternoon, and tin1 Si-cretarv-Tivnsuivr of f City of Lcthbridg" sh ('I in of tiie Charter AND WHEREAS amount existing debt of the City of L thhridgo act a.- Returning Of He r therefor, outside of debts dn for current rx-j DONE AND PASSED in Council pf'iises i- thr1 sum of no this day of instalment "f principal thereof being in nrrear. AND WHEREAS the Mayor i no this r interest A. D. 190S. amounts required to be raised annu- ally by special rate during the cur-' rency of the said debentures (a) For paying the inieivM thereof and a sinkim: fund fur Secretary-Treasurer NOTICE is hereby given that the js a true ropy of a proposed hvlaw which has been introduced of debts due for current ex- penses, is the sum of no instalment oi principal or interest ther. of being then in arrear. AND WHEREAS the respective required to be raised an- nually by special rate during the cur- rency of the said debentures are: (a) Eor paying the interest thereof j NOTICE is hereby given ?'2.2oO.OO. (above is a true copy of a (b) For forming a sinking fund for j bylaw which has been payment of the debt created by said and which may be finally duly qualified to vote on this Bylaw shall be taken on the eighth day of A. D. 1908, at the Fire Hall, in the City of Lethbridge between the hours of nine o'clock in the forenoon and eight o'clock in the afternoon, and the Secretary-Treasurer of the City of Lethbridge shall, iu pursuance of the Lethbridge Charter, act as Re- turning Oflicer therefor. DONE AND PASSED in Council this day of A. D. 1908. Mavor. Secretary-Treasurer that the proposed introduced passed by For forming a sinsini: inim mr uhidl payment ..f orated bv ,ai 1 (ill of con. debentures obtained the NOW THEREFORE THE MAYOR AND COUNCIL OF THE CITY UF LKTHBRIDGE ENACT AS FOL- LOWS 1. It shall and may be lawful for tho Council to raise the