“Janvary 29th, 1973

“remarks made by Mayor J.L. Ton with respect to the joint maeting and pro-

posed the. following motion:

“ Moved’ by Alderman Ranger :

Seconded by Alderman Meyer:

That a letter be sent to Mayor J.-L. Tonn and Council referring to
Mayor Tonn's remarks quoted in a recent newspaper article, and objecting
‘to the fact he arbitrarily seta date for the joint meeting, invited the
Mayor and Council of Port Moody to attend, and stated that the meeting was
being held ta discuss amalgamation. Carried.

Mayor Scott commented that the meetings are for proposed amalgamation
of certain services, and that he had discussed the matter earlier this even-
jing with Mayor Hall of Port Moody who infermed him he had at no time agrec1
to meet with Mayor Tonn to discuss amalgamation.

City Clerk re | From the City Clerk, January 19th, 1973 regarding the “Real Property

Real Property

Purchase Short- Purchase Short Term Borrowing By-law, 1973, No. 1221" which would authorize
term Borrowing

B/law #1221- the City to borrow $150,000.00 for the purpose of purchasing real property

amendments & ; . .

3rd reading to be added to the Nature Area, submitting a resolution te authorize third
reading of the By-law in an amended form and advising that the re-wording
of Sections 1 and 2 thereof was done at the request of the Department of
Municipal Affairs.

“Moved by Alderman Meyer:

“Seconded by Alderman Laking:

That By-law No. 1221, cited as the "Real Property Purchase Short Term
Borrowing By-law, 1973, Yo. 1221" which received second reading on November
27th, 1972 be amended by striking out Sections 1 and 2 thereof and inserting
the following in place thereof:

"1. The Council is hereby authorized and empowered to borrow upon the credit
of The Corporation of the City of Port Coquitiam from the Royal Bank of Canada

_the sum of One Hundred Fifty Thousand ($150,0C0.00) Dollars at such times as
may be required for the purpose hereinbefore recited and to pay interest

‘thereon at a rate of Six percentum (62) per annum.

2. | There shall be raised 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 pur~
poses in the municipality for the repayment of the debt and the payment of

the interest thereon in the respective years the amount as follows: