2. There shall be raised and levied durtng the currency cf the obligation hereby created by a vate suffletent therefore over and above all other rates upon alt land and improvements subject to taxation for general municipal Purposes in the munleipality for the repayment of the principal in the respective years the amount as follows, together wita the payment of interest thereon: Year Principal 1980 35,090.00 1981 . 36,000.00 "1982 36,000.00 1933 37,000.00 3. The Mayor and Treasurer are hereby authorized to do all necessary acts and things to carry out the intent of this By-law, 4. : This By-law shall take effect on the date of its adoption by Council, 5. the "Senior Citizens Recreation Centre Addition Short Term Capital Loan By-law, 1978, No. 1607" is repealed, 6. This By-law may be cited as the "Senior Citizens Recreation Centre Addition Short Term Capital Loan By-law, 1979, No. 1673 ", Read a first time by the Municipal Council this Fourteenth day of May, 1979, Read a second time by the Municipal Council this Pourteanth day of May, 1979, Read a third cime by the Municipal Council this Fourteenth day of May, 1979, Received the approval of the Inspector of Municipalities this Reconsidered, finally passed and adopted by the Muntelpal Counetl of The Corporation of the City of Port Coquitlam this ‘Mayor Ctty Clork