7. Durlng the currency of the Agreement hereunder to secure borrowLngs
in respect of the "Former Coqu Lt lain Dyking District Specified Area Construction
‘and Loan Authorization By-law, 1977,-No. 1576" there shall be levied and raised
annually by a rate sufficient therefor over and abeve all other rates upon all
land arid improvements subject to taxation for general municipal purposes in the
Municipality in the same manner and at the same time as other rates, an amount
sufficient to meet the annual payment of interest and the repayment of principal.
8. The Municipality shall provide and pay over to the Regional District
such sums as are required to discharge its obligations in accordance with the
terms of the Agreement, provided however that if the sums provided for in the
Agreement are not sufficient to meet the obligations of the Municipality, such
deficiency shall be a Jiability of the Municipality to the Regional District
and the Council of the Municipality shall make due provision to dischawge such
lgability.
9 The Municipality shall pay over to the Regional District at such time_
or times as the Treasurer of the Authority so directs such sums as are required
pursuant to Section 14 of the Municipal Finance Authority of British Columbia
Act, to be paid into the Debt Reserve Fund established by the Authority in
connection with the financing undertaken by the Regional District on behalf of
the Municipality pursuant to the Agreement . *
10. This By-law may be cited as the "Former Coquitlam Dyking District
Specified Area Security Issuing By-law, 1979, No. 1678"

Read a first time by the Muncipal Council this

Read a second time by the Municipal Council this

Read a third time by the Municipal Council this

Received the approval of the Inspector of Municipalitics this

Reconsidered, finally passed and adopted by the Muneipal Counc)}

of The Corporation of the City of Port Coquitlam this

Mayor

City Glerk”