A Byelaw te avthoriea the i of
$262,000.00,

VREREAS the Ceunctl fatends to issue a deb a ia the ef

$262,005.09 to finsace verks undertakes puravast ¢o the dorrewing autherity of
the following loan authorization by-law:

“Park Oevalopaeat Conetrvction and Loan Authorization Dy-lav,

1971, No. 1048";

AND SUCREAS cha anovat of burrowing authorized by the above by-law,
che anount alceady borroved under the authority thereof, che amount of avuzh-.

arization to borrow rensining thereunder and the dating 2 4 vader the

authority thereof by this by-law fo as follave:~

By-lav Azount of Amount Borrowing dnouat
usher Borroving Already . Authority. of

Authorized Borreved Remaining Teeue
1928 $262,006.00 ual $262,000.00 . $162,009.00

Tocals 3162.000.00 wit $162,000.00 $162,000.09

TUESSVUSE Che Murtedpel Council of The Corporation of the City of
Port Coquitlam, in opas wecting ansanbled, enacte as follows:

1. A dabenture in the form ef Schedule “A” ohell be iceved

ia the principal ancunt of $162,000.00 and shall bear interest at tho vate of
€.36222 per annuz,

2. The debenture chall bo dated the Firat dey ef July, 1972, aad shall bo
payable an therein specified as te principal by Twenty (20) consecutive anmal
installuente commenctsg oa the Firet day of July, 2973 end interest thereon
shall ba payable ae theretsa apoctfied adnually on the Firat dey of July in each
and every yeer during the currency thecoof anf tho firat instellneat of intercee
ahsll be due and peyable on tha First dey of July, 1973.

2. The debenture shall be sealed with cha seal ef The Corporetion ef tha
City of Port Coquitlae acd the Hayor asd the Treanuzer shell sigs the debenture,
‘ The debenture as to both priocipal and interast shall be peyable ts
lawful aonay of Cznada at any branch of the Royal Sank of Cacsds at tha option’
of the holder, ,

3. The debenture ohali be andursed as follows:~.

SEO Med PRBCURS

“Thie dabenture, er any interest thereta, chali sot, after &

’ eartttieate of ow hip tes been endorsed b ty the

Tesssuzer of thie wuaicipality be transferable, sxcepe by the

entry by tha T: or bia d y ia the ded regtotry

dook of cha municipality ot Pert Coquitlaan, British Colvabis.”
6 During the curcescy of the debenture {zeued hereunder te secure
beerowinge in respect of "Park Development Construction and Loan Authorisstise
By-lew, 1971, Ko. 1048” there echall be levied and raised sunual ly by « rate
eufficieat therefor ever and abovs all other rates upon ell land and inprere-
mente oubjact te taxation fer general cunicipal purposes in the ounicipality
in the came oaaner and at the seme time as other rates an anount euffictest
te weet the annual payment of interest and the repsynest of principal.
2 Thie By-law aay be cited af ... "Park Davelopsent Security Isseieg
Dy-lew, 1972, Ne. 1216",

Read # iret tine by the Nuateipal Councti this Sixth day of
Koweaber, 1972.
" ‘Read @ escond tina by the Municipal Council this Sixth day ef
Wovexber, 1972.

Read ¢ third time by che Heafefpa? Council this Sixth day of
Rovesbar, 1972.

Raceived the approval af the Inopector of Municisalities this

day of » 1972,

Reconeiderad, ftaslly paceed sad adopted by the Municipal Covnetl
af The Corporation of tha City ef Pert Coquitlen this day of

» 1972.

City Cteck

I hereby certify the shove te bs a trea copy of By-law to. 1216 as
read a third tice by the Hyeietpal Coencth of The ¢. foa of the City of

“? ?

Port Coquitien en the Sixth day of Kevenber, 1972.

Clerk of the Cotjoratica of the
Cicy e2 fort Coquitlaa.

sialgsirn de dosed