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l'rn 'f N,, l"-'" . / 1:. .' 'idi"k"tt, & '5f7f5%lrlllFi:" ' L irthat' i, K A dt _ '-. M" w in." H c.'. , i "thigh , _ . s, in proportion cannon F, , " an .e amoun than"; ._ _ - .5 .., ot ttttt contributions to the railway; of the ordinary and necessary 1t,ttit'd provided that this allowance shall not entitle respectively. of the year 1872/, be chm-.50" _ any municipality to an allowance in respect accepted " the basis of the said calculation of any railway 2lt Td ',,'e,'ll,,1 tl from and settlement. . i , the islature u e resen canon, . ' . . ' , or 'dS,' railway whigh. it J?,',',',",',',',',,',,,',,') after in Nib That 11i"gttet,t,. _1ttrlt1rtlone.mscy , t the lug of the said Railway Aid Aet, t ll d 1,thT, 'lt lf oy.itio.rt, "Humour ' 'e' ,','l,1,trel'd entitled to aid under the pro- I Lh'd e o. tb wows! Loan sand, has . i . ' a on place without theknowledge or coucur- , ti "no" of that Act. . . rence of the municipality or against its , ii. That it is expedient to give ' to mnnici- active opposition, and in the interest, or sup- rt," I vim" in default, and not benaiittod Ir 22 posed interest, of the public or of other car- _ 'ic. e. 15, credit " of let January, 1875.ta ties, and has resulted either in no uni"), , against their debts,_ior the share which being built. or in the building of tb railway would from time to titntt have been ttgee, which has not advanced the local interests of v to them respectively, of the_Clergy loserve the indebted municipality, it is expedient in Fund, it they had not been in default to the view of such injurious legi siution,- to Jirii ' said Municipal Loan Fund. the balance still due by any such munici-'i 7. That it issxpedientlto allottosll muni , tnsl.ity to the Municipal Loan Fund after oipa'iti" not benefitted "(7 the Statute, 22 rusting the allowances hertsinbeforeproridej Vie. Cap. 15, the sum o two dollars per for. i head of the populstiar, according to the can i 11. That the City of Hamilton took stock l _ m of 1871 ' which allotment shall be in tfi ' I in the Berlin and Preston railway, and issued , dilion to the railway allowances ufores d debentures therefor, amounting to 8200,000,. I J where these are applicable ', and that the al. Jlust $60,000 of these debentures were pun, l , lotment and railway allowances aforesaid iehssed by the late Province of Canada, and I shall be applied as follows "c-- l are now held by this Prov ince; that no in. l. The mount going to . county. city, or i tetetst haa bun collected thereon linen the separated town indebted to the Municipal l "MN! were purchased by. the Province of Loan Fund, an." be applied firat to PW the bailed». shortly after the issuing of the said i debt to the said Fund. mbentiires; that in. consequence of ceitsin ' 2 Whereabalance remains of the allot. , i'd'f'Y"u'h" tytyrim'U. by an Act ot the t meat to . county, tho .h." "cording to Pub. .0111: 2f the "rd late Provinco of * population of any local municipality! therein , Canada, 27 l 1c, cap. M, the said railway l v which is indebted to the said unicipsl , has heen destroyed; and that, having regard ' Loan Fund shall be applied towards the pay. to these facts, and to the financial position nf i ment of such debt, . the said city, it is expedient to cancel the , 3. The remaining sum going to . county said debentures now held by the Province. l! (orincasetho county was not indebted to 12 That where an munici slit holds . tho Municipal Don Fund the whole sum revenue producing 'i','lvude,'lt,1el',ti, with i; going to the county), in respect of the hid the money borrowed or obtained under the l , allotment and full"! allowance, Bull tys Municipal Loan Fund Acts, or with the r if S11ttte',piet'/g,t2,t,naitt't1ir, tl.usmsin produce of such money, such investments ill (or the other ocai municipalities therein, as shall, at the discretion of the Lieutenant. , k" the case maths), 1ciith.g to population. Governor in Council, be assigned, in such L5 and shall t,i'tli,td P an of HIM-WI. of way as he may a point, as a security for the l , drainage of the whims or .ienp.rotyyysnt of babrae due by the municipality to the said ,ti .tho ttttttrt house or et,; Itt the building or fund. Or, where such investments are of tt' improvement of "I ospital, of providing tyt greater amount and value than the balance J, " UM, twe of the municipality an industrial so due the Lieutenant-Governor in Council Wi' farm, a house of industry or of 'tttt or in ma "2 uire the said investments to be M. Er,', building or improving schools, pub io halls, oi zed dbsciutel in dischar e of the said ' 'tlf, , bridges, harbours, piers, or ttti, roads, or hflance n g ti" ; shall be applied in making 0 or permanent . T "'r, " improvements affecting the municipalities, or l 13. That new debentures be obtained from '1" shall be applied in or towards the reduction the indebted municipalities respectively, for i a " payment of municipal obligations already the balances due by them; that the debeu- ii'] contracted for permanent works; and pro tures shall bein such form and in such re. 1fl per provision should be nude for . the spective sums as the Lieutenatst.Governor "T due application of the money to the objects in Council shall direct; that the debentures E: 'pecitied. ' shall provide for payment by the same some i; 4. The amount going to any city or Ioesl I per snnum, as nearly as may be, as the "i':) municipality nitir the payment of dubta m.tyaifTalitie' are now liable to pay; pro. ',"ir.' shall he applied to any of the said objects sided that no more shall be payable auuu- "if, which may be determined by the council of ally for twenty years than two cents in the i: the city or locil municipality at any time , dollar on the assessment of 1872, would pro' A" alter tho timt day of February next. l ride for as aforesaid; and that'no debenture 4 T 5. Whetapt?rtlop of a county, or union thall allow 'P"!' than twenty years for it of counties, indebted to tho Municipal Lean PN ment of prineip1ei.tle.t these dolyyttaIes 'ltr,"' Fund, has been separated irom the in iebted t.t.tll,, BO hsr " praetiosblts, be. equally dis. Be,), county or union, and has assumed part of t.rj.blte/1 at par_ainong tly? municipalities 00: . "3" the debt of the county or union, the allot. titled thereto, in proportion to the sums to tl went in mi ct of the railway allowanca which the saidniunicipalitiesare respectively .1. l shall be dividtd in like manner. entitled; that any balance gorng to a munici- _ 3.7 i . , . * palitv after such distribution, shall be paid ll 8. That a like sum of $2. per hcad be allot. m mono . d th t th d b t f ' ted to those districts which hive not yet shallbc (iii an a tt , on tires . , l. . _ . '. ' . e vered and the money paid to he r: been organized into municipalities, and shall munici alitics or to their t ti t,' be applied to permanent improvement affect after use first dav of Februhl: 'el',,,',),'?,,' l? : ie9htloerliti"' and npprovcd of by the 'llhl', 2',,'ta ',ygltit'e, Jltd, to secure 3i: 9. That, in view of the st history of the e no app ica ion o e em tt _entures or i,' Munieig: Loan Fund, it Jt,1'dl1'ilf'l that the tt1e,ttfe2hg,tk. I314 of the Mid money. lf. new de ntures to be obtained from miinici- . e o ice ' spmn a . JP l palities indebted to the said fund shall not 14. That for the purpose of giving effect I , exceed an amount which shall constitute so the said considerations the balances due to . , " . i such debentures good and reliable invest- the Municipal Loan Fund by the tuaniai. N " ments to all holders; that by the Municipal polities named in schedule A are hereby can .' . i Act of 1866 it was enacted that no Municipil ' coiled: the balances due to the said Fund by , Council shall assess or levy in any one your ,' the municipalities named in schedule B are » , tnom than an aggregates rue ot two oetttg m i to be deemed the sums mentioned in ssie , t the dollar (exclusive of school rates) on the I schedule It; and the municipalities named in i value of the raiable preperty in the muulcl- schedule C, are to receive in manner uora. " polity ;that it is expedient, in makmga tiasl sold the sums mentioned in schedule C; i e arrangement of the Municipal. Loan Fund Jane}, said sums moationed in the said sev- _ debts, to act upon the rug, involved erai schedules shall be subject to corrective El in this enactment, " to provide by the authority of the Lieutenant-(lorernoi g that in case a rate of taro can" in Council in case ol any errors of calculation ' in the dollar would he iastst appesrtng, but are not to be varied other. i " dcientto pa live per cent tTQ on the wise. , debt, or redhead ebt, to the s Fund, ___.__ i after allowing for the ordinary and necessary MUNIClPAL LOAN I U31). ' . expenses of the municipality (other than - schcoh). the amount of the debt to the Mun "11"", a, i. . nicipal Loan Fund shall be placed at such a Showing Mupicipdlitica,tthio "do ture nothing - sum, that the interest thereon at live per topayu receive. , cent shall not exceed what an assessment of l liumlas. Town in..." s Windham ...... ...... , two cents in the dollar on the asseucd value ii i1t'eibri: '...' . . in .. if u mimosa. . . s..".. .. " I F of the property in the municipality weld be 4 t','l2i,')thl"i','iv/.rt: . Woodstock. ... ... .... ' g mtffuritm, to pay, after meeting the ordinary q ' Jhiu',vra, B. . T and new"? "Mum" of the m.uyioie1: t Shewln rhlnnicipalitlesstlllindebted tothe Irttni. _ . ' tty other than for nohooU ll Morsaaid l that cipsl Luau lund whose debts being unaffected by the rl ' , it is expedient that the annual amount to be 5 cents rule, or by tho 2 routs rule, the Muttiviptui I so w should ha fixed and not tlaotaatiag; l ties have received credit for the s;i'er.cl allowances ' i lierelnbeiore set forth. t _ ' _, El