26 THE CORPORATION OF THE CITY OF PORT COOW BYLAW NO. 2234 A Bylaw to authorize The Corporation of the City of Port Coquitlam to dispose of a portion of Road shown dedicated on Plan 2797 of the South West Quarter, Section 7, Township 40, New Westminster District in exchange for a portion of Lot 383 of the South West Quarter, Section 7, Township 40, New Westminster District, Plan 60681, to be established as Road. WHEREAS The Corporation of the City of Port Coquitiam is desirous of cancelling portions of Road shown dedicated on Plan 2797 in the South West Quarter, Section 7, Township 40, New Westminster District in the City of Port Coquitlam in the Province of British Columbia; AND WHEREAS the Registered Owner of the land described in Section 2 of this 8ylaw has agreed to convey the said land to the City so that it may be established as an addition to the Roads in the South West Quarter, Section 7, Township 40, New Westminster District; AND WHEREAS the "Municipal Act" being Chapter 290 of the Revised Statutes of British Columbia, 1979, provides that the Council may by Bylaw dispose of any portion of a highway in exchange for such lands as may be necessary for the purpose of impreving, widening, straightening, relocating or diverting the highway; NOW THEREFORE the Municipal Council of The Corporation of the City of Port Coquitlam, in open meeting assembled, enacts as follows: The Corporation of the City of Port Coquitlam is hereby authorized to convey to The Corporation of the City of Port Coquitlam, ALL AND SINGULAR those certain parcels or tracts of land and premises which may be more particularly described as fol lows: All those portions of road dedicated on Plan 2797 lying adjacent to Block 20 of the South West Quarter, Section 7, Township 40, New Westminster District shown hatched on a reference plan certified by Robert M. Reese, British Columbia Land Surveyor dated the 9th day of January 1987, a copy of which is attach hereto; at or for the price or sum of $1.00 in exchange for those certain parcels or tracts of land described in the next Section hereof. -The Corporation of the City of Port Coquitlam is hereby authorized to purchase of and from the Registered Owner thereof ALL AND SINGULAR that certain parce! or tract of land and premises which may be more particularly described as fol lows: All that portion of Lot 383 of the South West Quarter, Section 7, Township 40, New Westminster District, Plan 60681 included within the heavy outline on a roterence plan certified by Robert M. Reese, British Columbia Land Surveyor dated the 9th day of January 1987, a copy of which is attached hereto; at or for the price or sum of $1.00 land described in the preceding Sect FR exchange for those certain parcels or tracts of on hereof. 2234 1 FIRST THREE READINGS 2]