EN tet nt hy epee

1. The Council! Is hereby author | zed and empowered to borrow from Genstar
‘Corporation an amount or. amounts not exceed |n
as the same may be required, without interest.

2. The Council | Is hereby. authorized and empowered to borrow from AJR
“Management Ltd. an: amount or amounts not exceeding the sum of
$180,000.00. as the same may be required, without interest.

3, The form-of. obligation to be given as acknowledgement of the ftlabl lity
shall be a promissory note or. notes be
signed by the Mayor and the Treasurer,

4. The money so borrowed shall be used solal
sald Bylaw No. 2080.

5.

64°

BYLAW NO. 2129

A bylaw to authorize temporary borrowlngs
pending the sale of debentures,

SEP 9 1985

WHEREAS it Is provided by Section 342 of the
Council! may, where It has adopted a
further assents or approvals,
the conditions therein set out;

"Municipal Act" that the
8 foan author! zation bylaw, without
borrow temporarily from any person under

“AND WHEREAS the Counc] |

has adopted Bylaw No. 2080, cited as the "South
Mary Hill

zation Bylaw, 1985, No. 2080"
improvements to the water system

Water. Loan. Improvements Author |
authorizing the construction of certaln
in the amount of $630,000-.00;

AND WHEREAS the Issuance of debentures has been temporarliy deferred;

NOW THEREFORE, the Municipal Councl! of The Corporation of

| | the City of
Port Coquitlam, In open meeting assembled, enacts as i

follows:

g the sum of $400,000.00,

aring the corporate seal and
y for the purposes set out In

The’ proceeds from the sale. of debentures, -dr so much thereof a

Ss may be-
necessary, shall be. used to repay the money so borrowed . ;

‘This bylaw may be cited for al! purposes as the "Wat

er Distribution
Facilitles Temporary Loan PO

Bylaw, 1985, No. 2129",

ST a en tc

Re erm tea

aN
eee
dere wsabtit

iy ined

Ge

Pas Bao

t

ROSA A

Nene SE cae EN,

SALE cptaeeneey Sy

oa

oS

TPetee Lt:

SIT A Be eer eee