2. There shall be rezised and levied during the currency of the obligation hereby created by a rate sufficient therefore over and above all other rates upon all land and improvements subject to taxation for general municipal purposes in the municipality for the repayment of the principal in the respective years the amount as follows, together with the payment of the interest thereon: Year . Principal $ 1980 36,000.00 1981 37,500.00 1982 39,000.00 1983 40,500.90 1984 42,000.00 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, 3. This By-law may be cited as the "Fire Truck Short Term Capital Loan By-law, 1979, No. 1641". Read a first time >y the Municipal. Council this Twentieth day of November, 1978, Read a second time by the Municipal Council this Twentieth day of November, 1978. Read a third cime by the Municipal Council this Twentieth day of November, 1978, Received the approval of the Inspector of Municigalities this Reconsidered, finally passed and adopted by the Wunicipal Council of The Corporation of the City of Port Coquitlam this City Clerk