the rate specified in clause 1 hereof, bearing the Corporate Seal of

The 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 liabilicy hereby
authorized to be incurred THREE MILLION DOLLARS ($3,000,000.00) 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, 1977,

No. 1496",