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payment of the interest thereon in the respective years the amount as follows:

Year Principal.

1979 41,000,00

1980 44,690.00

1981 48,712.00

1982 53,096.00

1983 62,502.00
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. This By-law may be cited as the "Senior Citizens Recreation
Centre Addition Short Term Capital Loan By-law, 1978, No. 1607",

Read a first time by the Municipal Councti this Eighth day of

May, 1978,
Read a second time by the Municipal Council this Eighth day of

1978,

Read a third time by the Municipal Council this Eighth day of

1978,

Received the approval of the Inspector of Municipalities

Reconsidered, finally passed and adopted by the Municipal

Council of The Corporation of the City of Port Coquitlam this

City Clerk