4, There 18 hereby set aside as sceurity for the liability hereby authorized to be incurred TWO MILLION DOLLARS ($2,000, 000.00) being ‘those parts of unpaid Taxes due to The Corporation levied prior to the current year and of the taxes of the current year deemed by the Council expedient to be so set aside. 5. This By-law may be cited as “Temporary Loan By-law, 1981, No. 1799",