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4. There is hereby set aside security for the liability hereby

authorized to be incurred ONE MILLION TWO HUNDRED AND FIFTY THOUSAND DOLLARS

($1,250,000.00) 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, 1974, No. 1302".
Read a first time by the Municipal Council this Twenty-fifth day of

February, 1974.
Read a second time by the Municipal Council this Twenty~fifth day of

February, 1974.
Read a third time by the Municipal Council this TIwenty-fifth day of

. February, 1974,

Reconsidered, finally passed and adopted by the Municipal Council of

The Corporation of the City of Port Coquitlam this Fourth day of March, 1974.

City Clerk