The Ontario Scrapbook Hansard

Ontario Scrapbook Hansard, 13 Mar 1873, p. 4

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, mi; tttttttPIPE-TPI/fd,,'.'.;",',",.,',"", 'ir5igra deed of atnAitrttnatas, executed l preeninptim "the fach duatieil in the it,', i'J',rl1e'g' pmidenteor proviitomst will cane ie that the clalmanta do not and - "it" the "Id 09mm". being fliodfn the 9 did intend to oonatruct a railway teaching at tlt,',',' of the ProviaioUt mill-tier. the raid , Ottawa and Amprior. 2te'te, 1u.11 bo deemed amalgamated, and i l 3. That the mid aeotion oi railway war not the 'l'fiATg',1',"a of thu Act 'fff"tetrt'g, l l commenced within the three yeara provided Co oron revel Road ttttd 'onerete l by the Act of 1866 (29 Via, Cap 80). sl/l',',".',',',',',:',',',,",,',',,,,',',':,",.?,',',,',", 2t Jig,'; and l a r . . 4. That ten per cent. on the amount of tU Provided that in case s'll'lQ1'f,1'fl "gait; , capital wee not expended on the railway lubecribed for in either of the eaid Jii7. 'l within three you. att" the peeing ot. "10 pulse the cement of amajority of the etook. l epecial Act or the dot ot. 1866, " PNWIM holders in each Company present at any , by the Act reapeotlng mil way- (Wn. Stat. ol meeting called for the purpose lhell be iieet Canada), Cap. 66, Ta 3:; nor JShfe obtained. -v _ . e aupplimi " . l 1ehtr,t,,e.t2t2l. upon the polnte Mr. Rykerrb--lut w.1ys.n in" Rouge i' in E involved in the raid objootioria; nor until the Commll 'g,',',,'.",',',,"', the Municipal Loan Fund re. 1 eaid objection and the other objection ', " u III. 0 Will move the following '.-.. , raiaed in the once ehall have been fully _ W Mreae, by the Conaolidated Municipal argued before the Court of Error and Appeal Loan Fund Act of 1869, it in provided that inthie Province, and the judgment tt the every debt due and r,2,'t by any Munici. raid Court given thereon; nor until atrfrieUnt Pllfty ahould be redn t0.the rum on examination and enquiry have been ,made which the rate of live cent. in the dollar l and full information obtained and evidence would im, intttrmt at fire per cent. on the . ven on the part of the defence in them!- aaaeeement roll ot 1858. ts',',.',',,' into, via. ..--ut. Al to tttSt I And whereas, the Corporation of the Town of the that»: practicablu route fete of of St. Catharina borrowed the sum of l nilway betwern Otter "and 2rtt 2% l $190,000 from aaid fund, end whereas the l A. to the time " the and action _ annual value of the amen-able property of , railway between Ottawa and Carletu Place the and town wee in 1858 8171.047 00, pro- l war commenced, end what work, it any, was (inning the rum ot 33.552 M " five por cent ' done, thereon within three yearn from the And whence, the laid Municipality has 15th of September, 1865 3rd. A. to the failed to pay the raid emu of 88,652 35 an- amount that wee expended on aaid aection of anally, provided by the eaid Act, and,is railway within the said three year-e, and the liable to pay lntereet on the aid rum of 5 particulara of such exprnditure. $8,552 35 annually at nix per cent at the ( Mr. Ardegh --That when the Home in in aaid amount hill due, by which default in ' Committee on the rruolutionoin reapect to the payment there ." due in Demmtrer 1tst, Municipal Loan Fund end dfietlizbution of h'.' 2& 2t 'tfe, I',,', 121.333 il2rt tg"i',',1rgi . the o " emen . I or " for tgt'..'?' will m" g thereon, making inall the null of $166,428 36 ,3 1. That Whereas the corporation of the I due for intereet. county of Simcoe aeeieted in the oonstruotion And whence the eaid cum of $166,428 M, of the Ontario, Simooe, and Huron Railway, together with Gi anm of $171,047 (being the now the Northern Railway of Canada, by . amount ofthe aaeeaeable prokperty an aforel 6 taking stock in eaid railway to the extent 0! aald),meking in all the aum o 8337,475ia the { $200,000,in the deluaive expectation that the true amount which. in accordance with Its. ' advance would be made good out of the 1 solution No. 3 muet be taken aethe basic of , profiU of the rail way. i, the aettlement of the eaid debt of the said 1 And Whereas raid railway hae been greatly _ town of " Catharine. i inatrnmental in developing the wealth of thie l And whereas, under Reeolutlon No. 4, the l Province, and although now, and for five ', Corporation of the laid Town of " Catha. ' ye." peat, earning . ltre! revenue, he. not men ll entitled to $2.000 per mile " the l I , paid any interest or dividend on aald atock I amount of no contribution to the Welland l l in consequence mainly of the action of the I Railway, withintereet thereon. making in all l Legieleture of the late Province of Canada, the Inn of $152,545 48, instead of the aum of l . by which certain preference bonds and a $l32.000, which wee computed upon the l Government lien for 2475,000 sterling and I erroneous 11a'tod1,',ifn ea regarda the length interest were placed before said atock for f of the and mi way. l I receipt of distribution from comings- And whereas, by Resolution No. 6, the ' r ' And Whereas, the raid municipality in not leid_town is entitled to $7,294 00 as its pro- a bent tited by the Statutee 22 Vic , c. 13, it ia portion of the Clergy Reeerve Fund, with , therefore expedient and just that it should interact upon the aeveral amounts of which ll, receive the benefit of the railway allowance the and "in II compoeed from the times 1llll of 82,000 per mile proposed to . given to when the said several amonnte should have ' municipalitiee that have aided railwaye of been credited, Which intemurt amount. to the , great general utility. sum of s - ' Aleo--TUt before the peering of the Rail. find when", by Beeclution No. 7, the l ,, way Aid Act of 1871, the municipalitiee oi laid town ll entitled to receive the cum of 6 the town of Barrie and the Village of Oriilia $12,417 25 " itq Pigsortion of the population sgrerd to give by "I? of bong. m. sum of allowance, after d noting the debt of the t30,000 and $12,500 reepectively to the To. county of Lincoln. ionic, Simcoe, & Muskoka Railway.to aiuiet And Whereas, from the foregoing, it will in the conatruction of the said line running in appear that the amount of the debt of the IE ' the direction of the free-grant diatrict. said town i. for principal $171,047, and for g Ard Whereas the said respective some were interest ttus mm of 166,428, making the 1 larger than might have been neceeaary if the total indebtedness, In Ihsoernber l, 1872, the ', aeid railway had received aid from the Pro. rum of $337,475, from which muet be " _ il Vince under the acid Act; it u therefore just ducted, in accordance With the rruolation, l , and expedient that aid municipalities ehoulrl , the following amounta, viz. I-- 1 e be ut to be entitled to the proposed rail. I Railway allowance $152,545 00 l? way aid allowance of $10,000 per mile. , Populationallowence... ....r.r..... 12,417 00 , ' AleortTUt W/uay as the village of Oriilia, Clergy Reeerve...................... 7,294 00 t it the united townehipe M Orillia and Matche- l -- -..._. e . , dub, and the township of Tay agreed to aid 5 $172,256 00 7 ' tht Midland Railway by we? of tyty (the Q Which, deducted from the raid indebted- , and Village an! ttttitadytwnahipt " the mm near, will leave the sum of $165,219 " the r; . of $12,500 each, and the laid township of amount to b? ite, by the, "id town, lass the a. lll Tay in the J'g"gd'dff,t.'t to eaaiat in the mount of In mt due ripen the Clergy tl' , I ecnatrnction at the cold re: way. ' Raaerve tnonoy. Ill, ' And Warm the at upective cums Be it therefore remind that the raid ' " g, MIA-:5, than might h been 3.0...." l achedule be amended in accordance with the lil! if the railway had rr d aid from the I foregoing statement. Ill P8203" ttei, thej Rauway AiddAot of l ------_-------- Bi " l ' tin are not and exp ient to , t; s an» to eaid municlpelitiee the railway aid l ORDERS " COL Nam If) t' allowance propoeed to be given in the dietri- The Attormg4hrnera1-0n P "r bnticn of the aurplua to municipalitiee aa- .mE.t-t" thin Home doth ratify the Order 1, " dating railwaye commenced prior to Dr P. Council asprovod by Hie Excellency the v oember. 1870. Lieutenant- vernor, on the 12th day of at W. Fatb-th, Monday naxt--'rut when "who All 1873, with reference to the aid k' the Bonnie in Committee on Bill (No. 191) mud to ttte Toronto, tg, Ind Brno: mowed " An an to revive and amend the we! Comm» which ll or u to the Act incorporating he Toronto lionee Build. l an"?! effetstvL. "a ing Amociation," he will move in amend- ', The Committee of Council have h under ment that the following olauee be added conaideration the 'sa1d'tt',',', of the Toronto, We t-.Tho Compen1y dull have power to Grey and Bruce way Company. and they _ ghttttg'lt, the create Gravel Road adviaethe former Orderof the 26th March, and Company upon ouch term: on 1872, being oonaidered ea lapaed, ac to the a may be mutually agreed upon between the raid Company,that ,ttit,t to the mtilhtatioa l _ providonal director, or directore. aathecaee otuuoi4ofinthiu . by reenlutlon oithe 1 . may be, of the reapective Com melee; and I 2thttt Anaemny , default ot which i ileatien thin Order Council h inopera- I

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