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v i bylwp vi8 38 793 26- 840 80 ml 31 s44 id tool 309-51- 851 frl soi w lf2 7j ironed nd ciirriid- onaftsr jhe aajil iajui aotjad swow venslti j192 77 term for apwlod equal to thime of o the said crportyloh ahalt deem 113 77 the sitld interruption vvr awj aw advisable ttftsp seoiihtx thereto lij- msb- 77 ye said ttiroo months and iitcawany tenlea qtilei pqssessfcn oq defaultj 1j9s7t huojruptlons tcom uiyasuse asbfora- freedoni from emcumberaiica r except 1192- 77 siud julet thoa from jpttl loss by ore- abeyeu lneritlnnl further assurance to authorize tt ienelof vvv dejifentees of toe vuwejrpf k georgetown the amount if tew thotraiijftdndouai to itrant a bonus my way of lbajr tb henrjrcnfke to assist him to rebuild reeqnlp and operate and carry on j a factory for manufacturinff woollens and woollen goods in the said vil lage if georgetown in euchydfr by aanectal rate mnxitg nfilrs vhlcli sale pile rnonty ch7ntgatfor to tit6qiht vobsosbioh whereas urn said henry corke woolen manufacturer of the said vil lage of georgetown carries on a busi ness for manufacturing wool ions and woollen goods in his fuctory situated in the village of georgetown and whereas in the month of mjirch inst the said factory was des troyed by are and wuerbas in order to rebulh the said factory the said henry corko has asked the said corporation of georgetown to lend him the sum of ten thousand dollars to assist him to rebuild equip and operate and curry on the said business and whrreas there is no other manufactory of a similar nature or ictnil established in the said village of georgetown and whereas the said henry corke has entered into an agreement with the said corporation of george town dated the twentyheoond day of iphla jx jju s subject to theap cltmit therefor on nll the rateable pro pcrty in th suld mpnlcliallty the sum 0 one thousand one hunoed and ninety wtuo and 77 1q0 dollars at tho same rime ntul m manner as ihe an if mil general rates 0 hich of the said eebentures shall be signed by the reeve of the said village of goorgotown or by some other person authorized by bylaw of the said municipality to sign the same and by the treasurer of the iwiid v11- inge and the clerk of the said muni cipality shall ifflx the corporate soul thereto the coupons shall be signed by the treasurer of the corporation and his signature muy be printed istamped lithographed or engrossed filially passed by an alllrmatlvo vote of three quintets of all the mem- bora of jhe council this day of a d 1918 provul of the duly qualified ratepayers of tho said village of georgetown a copy whereof is set forth in the sche dule hereunto annexed and marked a and whereas it is expedient to pass this by law nnd submit tho same to tho lectors of the said munici pality to raise bj wiy of loan the said sum of ten thousand dollars to asuts ly way of bonus the said henry corko to rebuild equip and operate and carts on the said business in the said fac tory and whereas for the purpose aforesaid it will be necessary to issue debentures of the tmld municipality for tho sum of ten thousand dollars the proceeds of tho mild debentures to be nplled to the purposes aforesnld and to tto othcrr and whereas it is desirable to issue the said debentures at one time and to make the principal of the said debentures repayable by yonrly sums during tho ild period of twelve vears being the currency of the snld deben tures said yearly humn being of such respective amounts thut the amount payable in each your for principal arid interest in respect of the said deben tures shall be equal to the amount payable in each of the othor years of the said period as is hereinafter mentioned and whereas the amount of the existing debenture debt of the said municipality exclusive of local im provement debts secured by special iihheasments is fi55g79 of which no part of the principal or interest is in arrear and whereas the whole rato- iimo property of the said munlepallty llnblo to bo rated for tho said purpose irrespective of nny futuro increase in the same according to the inst re vised assessment roll is 81880183 therefore the municipal coun cil of tho village of georgetown on sets as follows 1 that the said agreement here unto annexed and markod a is here by ratified and confirmed 2 that it shall and may bo lawful for the corporation of georgetown to loan to the said henry corke the sum of ten thousand dollars as by wny of bonus in aid of tho said business tipon the terms conditions stipula tions and provisions hot out in tho agreement hereunto annexed and marked a 3 that for the purpose mentioned in the preamble there shall bo borrow ed on the credit of the said corpora tion the sum of ten thousand dollars and debentures shall be issued there for in sums of not less than one hun dred dollars each payable in the man- nor und for the n mounts and nt the times set forth in paragraph four hereof 4 that the said debentures shall hear interest nt the rate of sjx per uent por annum having coupons at inched for payment of such interest and shall all hear the same date and shall bo issued within two years after tho date on which this bylaw la passed nnd muy boar any date within such period of two years and shall he payable at the merohante bank of canada georgetown ontarlq within twelve years next after thedaewhen hoy shall be issued and the respective amounts payable in each of such years shall bo as follows year principal interest total schedujc a this indenture made in tripli cate this twentysecond day of april in tho year of our lord one thousand nine hundred nnd eighteen between henry corke of the village of georgetown in the county of halton and province of ontario manufacturer called the woollen hereinafter manufacturer of the first part and the corporation of the village of georgetown herein after called the corpora tion of the second part whrreas the said manufacturer carries on the business of manufac turing woollens and woollen goods in his said factory situated in the said village of georgetown and whereas in the month of march last the said factory was des troyed by jlre and whereas the said manufac turer has resolved to rebuild a larger and more modern fuctory for tho pur poses aforehuld and equip and operate and carry on tho said factory pro vided a loon of ten thousand dollars is printed to him by the suld corpora tion and whereas the said corpora tion has agreed to submit for tho ap proval of the qualified electors of the village of georgetown nnd to finally pass if approved by the vote of the said electors a bylaw to confirm and approve this igreement nnd to grant to the said maunfacturer an addition al bonus by way of loan of tho sum of ten thousand dollars payable in cash now ti1krefgrk this indenture wltnesscth that in consideration of the premises and the terms agreements conditions and stipulations hereinafter contained tho said parties hereto do hereby mutu illy covenant and agree to and with each other as follows hat is to any the snld manufac turer tigrees firstly that as soon as possible after this agreement 1b executed by tho said corporation and the byliw confirm ing sumo is passed after approval of electors to proceed with all propor diligence to erect upon said factory site in the said village of georgetown all necessary buildings for a suitable fuctory for tho manufacturing of wool- tens and woollen goods at a cost of approxlmntely ten thousand dollars and to be built of cement brick or stone and also to put and place in said factory all necossnry plant ma chinery nnd equipment suitable or the carrying on of tho said businoss at a cost cf approximately sixteen thou sand dollars secondly the said manufacturer shall erect and complete tho said building and shall place the said fixtures maohlnery and plant th3reln and have the same in operation as a going concern on the fjrst day of novombor a v 1018 or within suuh further time as may bo ullnwihl by the said corporation thirdly tliit he will carry on tho business of manufacturing woollens and wool- nevertfifcs cuunjfs nspnt 6t the aald twelve- years and the said business shaft bjp- deemed to be in operation fortheturpqe of calculating the said pdruid i fourthly that he wfll tfurlng the said perlbd of twelvo years except tho first year of the said term pay in wages a sum not less than two hundred and fifty dollars per week unless prevented by strikes or other unavoidable causes and the calculation of tho amount of wages paid to be made as is herein after provided fifthly that he will only employ persons who ure british oramerlcnn subjects and who nre rpldents of the said village of georgetown sixthly that he will annually during the said term of twolve years if required to do so by tho mild corporation sub- mit to the snld corporation a state ment as to the wages paid such state ment to bo prepured and signed by a regular ehnrterd nccountant satisfac tory to the said corporation and if required also verified by statutory declaration to be made by the said manufacturer and if it shall apeur thut tho average weekly amount paid for wages during the year by the bald manufacturer has been less than two hundred and fifty dollars then the sttd corporation slinil be entitled to realise from the said manufacturer ns liquid ated damages for such default at tho rato of ten dollars for each twenty- five dollars short of the said weekly it vera go of three hundred dollars any und all disputes arising under this clause shall bo settled by a board of three arbitrators one of whom shall he selected by tho said corporation uuother by the mid munufncturei ami the third chosen by the other two seventhly thnt ho will expend approxlmntely tho sum of ten thousand dollars of his own money in addition to tho ten thousand dollars hereby agreed to bo loaned to him by the said corporation nnd the six thousand dollars ren hated by him from the insurance on the old factory which last mentioned nmonnt tho snld manufacturer is bound to ex pend in the rebuilding of tho new fnc- tory to purchase machinery plant nnd equipment necessary to properly oper ate und carry on the said businoss kighthly that ho will nlso provide an addi tional five thousand dollars of his own money to be used solely and entirely by the snld manufacturer to purchase or make additional mochlnery to be used by him in the snld factory nnd for working capital to be used in the said business ninthly tli at he will place an insurance policy upon hla 11 fo for the sum of live thousand dollars in ono of the recognized standnrd insurance com panies of cunnda und will assign the snld policy to tho said corporation nnd will promptly pay all premiums necessary to keep said policy in full forco and effect during tho currency of this agreement nnd until the loun heroby authorized is paid off nnd dis charged tonthly that he will repay to the snld cor- porntlon the amount of the suld loan of ten thousand dollars with interest at the rate of six per cent per annum within twelve years from the date yiat the said money is loaned by the said corporation to the said manufacturer the principal and interest to be com bined and payable in twelve equal suc cessive annual instalments of ono thousand one hundred and nfnetytwo nnd 77100 dollars each- tho first of such combined pnymont of principal and interest to become due and to bo paid one year from tho date of tho mortgage hereinafter mentioned eleventhly that he will execute in favour of the snld corporation as security for tho said loan of ten thousand dollars and interest as aforosald and as security for the performance of all the coven ants agreements stipulations and pro visoes herein contained on the part of the said manufacturer a mortgage to the said corporation upon the said lands nnd premises buildings plant nnd- machinery and upon all othor flxturos plant and machinery plaood or erected upon the said land and pre mises in connection with the said factory froo from all dower lions chnrges and enaumbranoes of every ion gopds in the suld village of george town in his said factory or othor bult- jtjiature and kind except a prior mort- iiblo building for a period of twelve gage now on the said promises mado no 1 602 77 fd00 00 11102 77 i 628 34 564 43 1102 77 8 666 04 520 73 1102 77 4 706 00 486 77 1102 77 years from the first day of november a d 1018 unless in case otfflro acci dents to maohlnery strikes or for any other cause such as shall render an interruption unavoidable and in any such caso operations shall be resumed ns aoon as possible thereafter not ex ceeding twelve month in oaae of titnl loss by flro and in case of any inter ruptions by total loss by fire as nfore snld shall be for a longer period than three months in any year the said manufacturers business shall be con- by the said manufacturer to the said corporation as security for the sum of six thousand dollars and upon all buildings plant and maohlnery that may be subsequently orected or brought upon the said promises during the cur rency of said mortgage and the said lands buildings maohirtery and plant to be of tho value of twentysix thou sand dollars the said mortgage to contain such covenants as are usually contained in a mortgage mndo in pur suance of the short forms of mort- dndta proviso- for the- vepatyment of the- said buxti of ten thousand dollars and interest at tho rate of- six per cent per annum irs the anquuts and at the times ntcnttqned in tho precoetlrng paragraph hereof und will charge against the said lands all premiums on the insurance to be a ffoc ted as aforesaid on his i i f e as part of the moneys secured by said mortgage the said mortgage shall provide that all terms covenants and conditions und provisoes of this agree ment shall so far as the same may be applicable to both part us hereto be in cludod in und form part of the snld irortgage until the same is discharged us hereinafter provided nnd shall b satisfactory in all respects to the soli citor for the corporation twelfthly that in default being mado during the currency of the said martgage in mi y of the conditions terms coven ants und agreements und provlsoos set out to be observed und porformod by tho said manufacturer under this agreement thon in such case the suld corporation shall have tho right to recover as liquidated dnmages the several sums set out in this agreement in reference to such default nnd for such purpose muy oxerclso nil their rights and remedies as mortgagees under the said mortgage until the discharge of the snld mortgage in as full tmri nmplo n mnnner to recover the same uh if default hud been mado in tho pnymeitt of the sum securod by the said mortgage and this clause may bo pleaded as nil estoppel to nny defence preventing the sn id corpor lit ion from proceeding to renllzo the suld sums under said mortgage during touch time thlrteontlily that any joint stock company which may be incorporated and which may take over the suld manufacturers business and factory and any firm or persons succeeding the said manufac turer in said business shall be entitled to the same privileges and conditions us tho snid manufacturer is entitled to under this agreement and bhall acquire the same subject to the same terms and conditions as are in this agreement contained but the said manufacturer hereby covenants and agrees thnt he will not assign sell or transfer his said businoss to nny com pany arm or persons during the suld term of twelve yenrs without obtnln- ing for tho snld corporation the cov enant of such new company firm or persons for the due currying out of this agreement in addition to the con tinuing liability of the suld manufac turer himself fourtoenthly that if he tho snld manufacturer whilo this agreement is in force ac cepts nny inducements to cease carry ing on businoss in his said factory in the snld village of georgetown or through any cause whatever they shujl cease carrying the snld business dur ing the currency of this agreement he wilt pay to tho said corporation tho sum of two thousand dollars by way of compensation to the said corpor ation for loss costs and damages oc casioned thereby and the said sum of two thousand dollars shall be recover able by the suld corporation from the said manufacturer as liquidated dam ages nnd not as a penalty and this phull be in addition to and irrespective of nny othor right liability or remedy which thesaid corporation may have against tho said manufacturer for the bronoh of any of the terms covenants and agreements contained in this ugreemont the said corporation agrees firstly that it will make the said loan to the snld manufacturer upon the terms nnd conditions lioreln mentioned secondly that it will submit to the duly qualified ratepayers of the said village of georgetown for the purpose of ob taining their consent a bylaw to rati fy this agreement and to authorize the snld corporation to raise tho sum of ton thousand dollars and to issue de bentures therefor for the purposes aforesaid and if so approved to finally puss tho said bylaw thirdly that it will pay the said manufac turer tho said sum of ten thousand dollnrs nfter the bylnw has boon ap proved by the suld duty qualified -rte- pnyers of the said village of george town and finally passed by the coun cil of the suld corporation and tho mortgage aforesaid given to the snld corporntlon srfid sum of ten thousnnd dollars to bo placed to the credit of the said corporation in the merchants rank of cunadn georgetown ontario and to be pnyablo to the said manu facturer as follows five thousand dollars to be ndvanoed to the said manufacturer upon the said factory being erected and maohlnery plant and equipment to the value of fivo thousand dollars being installed thoroln the remaining sum of five thousand dollars of the said loan to be advanced to the said manufacturer when tho remaining eleven thousand jgffeptitrai wprth sffjc machinery plaritond equipment ore installed ln oie sahl factory and th said factory la in operatloh as a olnjr corf cekh there r helrvg np lens charges ot encum j branpeji against the saidviand btiiid- hm mjjjhliery an4 plant nxcepl nw 1 ofclim jh rorfrflrm j1 eattsoctoryi isvxlwui-vjirflrrti- n id- bujldw putph in nmqlffirryoh4vi 1 been jrrililcoucd 1y ths aujdmnu t pocatldn- v v y j v and i t is turter understobd and agrij tyandvfotwiqei tttty portfes hereto that if v oie- corporation bboulij- subijnit vmjsh byuir byr ltw ahou1dnqt reoelveavoe sufllclunt to iarrya bonus bylaw as provided by tteproylslons of the municipal act then this agreement shall be ntil and void and- of no effect and the parties hereto shall be- released from all ha- bllity or obligation thereunder and it is further undei stood and ngreed by und between the parties hereto that wherever either of the parties hereto are referred to such re ference shall when tho context so uhows be deemed to include and ex tend to and be binding on the heirs executors administrators successors and assigns of each of the said par ties in witness whereof the party hereto of the first part has hereunto spf his hand and seal the day and year first sbove written and the said cor poration hashereunto affixed its cor porate seal nnd the hands of tho rceveand clerk of the said munici pality signeidt sealed and delivered by henry corko in the presence f le roy- dale henry corke seal sealed de livered and counter- signed by h h rteartweii keevc and f l heath clerk ir the pre sence of le roy dale h h heartwell reeve f j heath take notice that the foregoing is a true copy of a proposed bylaw of tho corporation of the village of georgetown to be submitted to the votes of the electors on the twentieth day of may a d 1018 betweon tho hours of nine oclock in the forenoon and five oclock in the afternoon at the town hall in the said village of georgetown and that the thirteenth dny of may a d 1018 at ten oclock in the forenoon nt the council chamber in the town hall in the said municipal ity has been fixed for the appointment of pet sons to attend at the polling places and at the final summing up of the votes by the clerk and that if the nssont of the electors is obtained to tho snld pro posed rylnw it will be taken into consideration ly tho municipal coun cil of the said corporation at a meet ing thereof to be held after the ex piration of one month from the dnto of the first publication of this notl and thnt such first publication was made on the twentyfourth day of aprlla d 1918 and take notice further that a tenant who desires to vote upon said proposed bylaw must deliver to the clerk not intor than tho tenth day before the day appointed for taking the vote a declaration under the can ada evidence act that he is a tenant whone lease extends for the time for which the debt or liability is to he created or in which the money to be raised by tho proposed bylaw is pny ablo or for nt least twentyone years and thnt he hns by the lease coven nnted to pny all municipal taxes in respect of tho property of which ho is tenant other than local improvement rates f l heath georgetown may 7th 1918 mr j m moore as nn item of possible interest to yourself and other readers of your pnper i desire to stato that since tho flro at the woollen mills mr henry corke has paid into my hands th saim of 000000 the amount of loan given him nndl now hold tho same in trust for htm yours respectfully j w kennedy corporation treasurer wire fencing i have just received a oar of tho host wiro fencing obtainable which i am prepared to sell at a most roasonablo prioe let us fill your order 80 x 8 plain auto tires gua ranteed 8fi00 milon rog 20 for 10 50 also tubes oto thos e hcvvson norval ont