take advantage of the Short Term Capital Borrowing Section of the Municipal Act
to provide funding for this purpose. This method was used for the financing of
the Northside Fire Hall and the Department was somewhat reluctant to authorize
additional borrowing for this purpose. I therefore think that we may meet with
some opposition from the Department of Municipal Affairs if we propose further
borrowing under this Section. I would suggest that if Council wish to advance
money for this purpose, we draw the money from the Tax Sale Land Reserve Account
and that if Grants are forthcoming, that the amount be paid back into this fund,
An expenditure from this fund would have to be by By-law, approved by the
Department of Municipal Affairs, however, I feel that approval would be forth-~

coming for this type of expenditure.

I might say that in view of the fact that we do have $13,800.00 promised, we
have proceeded with calling of Tenders for a quantity of furnishings and therefore
if financing can be arranged, it will be an easy matter to conclude the purchase

of enough equipment to get the Library operating.

Lo PCa a ite ta

L.D. Pollock

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