~2- Corporation and signed by (1) the Mayor, (2) the Clerk and (3) the Treasurer of The Corporation. 4. There is hereby set aside security. for the liability hereby auth~ orized 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, 1975, No. 1354". Read a first time by the Municipal Council this Thirteenth day of January, 1975. Read a second time by the Municipal Council this Thirteenth day of January, 1975. ; a a sme Read a third time by the Municipal Council this Thirteenth day of “ January, 1975. Reconsidered, finally passed and adopted by the Municipal Council ‘The Corporation of the City of Port Coquitlam this Twentieth day of January, 1975.