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THE CORPORATION OF THE CITY OF PORT COQUsaRAM BYLAW NO, 2341 FEB 15 1988

FEB 22 1988

A Bylaw to provide for the payment of an indemnity to the Mayor and Aldermen of The Corporation of the City of Port Coguitlam.

WHEREAS under and by virtue of Section 267 of the "Municipal Act" being Chapter 290 of the Revised Statutes of British Columbia, 1979, the Council may by bylaw provide for paying out of the annual revenue an indemnity to the Mayor and Aldermen of The Corporation of the City of Port Coquitlam, and may provide that a porticn of the said indemity to be paid to the Mayor and Aldermen shall be paid as an allowance for expenses incidental to the discharge of the duties of their respective offices;

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

l. During the period extending from the First Monday after the First day of December, 1987 to the First Monday after the First day of December, 1988, there shall be paid to the Mayor of The Corporation of the City of Port Coguitlam an indemnity of $35,000.00 per annum of which said indemity the sum of $11,666.00 Shall be paid as an allowance for expenses incidental to the discharge of the duties of his office.

Qe During the period extending from the First Monday after the First day of December, 1988 to the First Monday after the First day of December, 1989, there shall be paid to the Mayor of The Corporation of the City of Port Coguitlam an indemnity of $39,500.00 per annum of which said indemnity the sum of $13,166.00 shall be paid as an allowance for expenses incidental to the discharge of the duties of his office,

3. During the period extending from the First Monday after the First day of December, 1987 to the First Monday after the First day of December, 1988, there shall be paid to each of the Aldermen of The Corporation of the City of Port Coguitlam an indemnity of $12,000.00 per annum of which said indemnity the sum of $4,000.00 shall be paid as an allowance for expenses incidental to the discharge of the duties of the office of Alderman.

4, During the period extending from the First Monday after the First day of December, 1988 to the First Monday after the First day of December, 1989, there shall be paid to each of the Aldermen of The Corporation of the City of Port Coguitlam an indemnity of $13,000.00 per annum of which said indemnity the sum of $4,333.00 shall be paid as an allowance for expenses incidental to the discharge of the duties of the office of Alderman.

5. The indemnity provided for in Sections 1 and 3 hereof shall be paid by the City Treasurer in twelve equal monthly installments during the months of December, 1987 through November 1988, inclusive, to the person or persons entitled to receive the same without further order or resolution of the Council save and except as provided in Section 8 of this Bylaw.

6. The indemnity provided for in Sections 2 and 4 hereof shall be paid by the City Treasurer in twelve equal monthly installments during the months of December, 1988 through November 1989, inclusive , to the person or persons entitled to receive the same without further order or resolution of the Council save and except as provided in Section 8 of this Bylaw.

FINAL READING

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