THE CORPORATION OF THE CITY OF PORT COQUITLAM

BY-LAW NO. 1529 C 0 J
PR 8 I Yhcting

A By-law to authorize the entering into of an Agi

financing between The Corporation of the City of Port Coquitlam and the
Greater Vancouver Regional District.
WHEREAS The Corporation of the City of Port Coquitlam (the

"Municipality") is a member. municipality of the Greater Vancouver Regional
District (the "Regional District"); ;

AND WHEREAS the Regional District may from time to time finance
at the request, cost and or behalf of the Municipality, pursuant to the
provisions of Section 787 of the "Municipal Act", the works to be financed
pursuant to the following loan authorization by-law:

"Recreational Facilities Construction and Loan Authorization

By-law, 1974, No. 1251".

AND WHEREAS the amount of borrowing authorized by the above by-law,
the amount already borrowed under the authority thereof, the amount of
authorization to borrow remaining thereunder and the amount being issued
under the authority thereof by this by-law is as follows:

Amount of Amount Borrowing Amount
By~law Borrowing Already Authority of
Number Purpose Authorized Borrowed Remaining Issue

§ $ § $

1252 Recreational 1,910,000.00 - 1,260,151.59 649,848.41 110,174.45
Facilities

$1,910,000.00 $1,260,151.59 $649,848.41 $110,174.45

AND WHEREAS the Municipal Council by this by-law hereby requests
that such financing shall be undertaken through the Municipal Finance Authority
of British Columbia by the Regional District;

NOW THEREFORE the Municipal Council of The Corporation of the City
of Port Coquitlam, in open meeting assembled, enacts as follows:

1. The Regional District is hereby requested and authorized to finance
from time to time the aforesaid undertakings at the sole cost and on behalf of
the Municipality up to but not exceeding One Hundred Ten Thousand One Hundred
Seventy-four Dollars and Forty-five Cents ($110,174.45) in lawful money of
Canada, (provided that the Regional District may borrow all or part of such
amount in United States of America dollars or United Kingdom sterling but the
aggregate amount in lawful money of Canada and in Canadian dollar equivalents

so borrowed shall not exceed $110,174.45 in Canadian dollars) at such interest