Daly Rural Municipality by law approves debenture plan for road system
The Daly Rural Municipality Council approves a road and improvement program funded by debentures. It authorizes borrowing 141 058 dollars with 6 percent interest, to be repaid over 30 years, issued within five years and secured by a special tax levy. Debentures may be issued in installments and are payable in Brandon Manitoba or Hamilton Ontario. The by law outlines voting details, signatures, and deployment of debenture servicing.
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