Interest and sinking fund, how raised. Act and the Municipal Debentures Act the council of the town shall provide for a sinking fund with respect to such debentures. The amount to be paid annually into the sinking fund shall be an amount which the council deems sufficient to provide for the payment of the debentures when the same are payable, but which shall not be less than eight per centum of the aggregate amount of such debentures, and the first payment into such sinking fund shall be made within one year from the date of the debentures. 3. Every sum required for (a) interest on such debentures, (b) the sinking fund so provided, shall be held to be sums required for the ordinary lawful purposes of the town and shall be raised, levied and collected in the same manner and in all respects as other sums required for the ordinary lawful purposes of the town are raised, levied and collected. Town Manager; appointment of Town Manager, powers and duties of. CHAPTER 115 An Act to Enable the Town of Windsor to Employ a Town Manager. (Passed the 7th day of May, A. D., 1925). Be it enacted by the Governor, Council, and Assembly, as follows: 1. The Town Council of the Town of Windsor is hereby authorized and empowered to appoint a Town Manager, who shall in all matters be subject to the control and direction of the Town Council. 2. The Town Manager shall exercise the rights and powers and be subject to the obligations and duties by the Towns' Incorporation Act vested in and imposed upon the Town Clerk and all acts which by any statute are directed to be done by the Town Clerk shall, when done by the Town Manager, be held to be as sufficient and valid as if done by the Town Clerk. tenure. 3. The Town Council shall out of the funds of the Salary and town pay to the Town Manager such salary as the council may from time to time determine and may dismiss the Town Manager at pleasure. and powers. 4. The Town Manager shall perform such further Further duties duties, exercise such further powers and authority and take such part in administering the affairs of the Town of Windsor as the Town Council may from time to time by by-laws prescribe. 5. The provisions of this Act shall prevail over Effect of Act. those of any other statute or by-law inconsistent with or contrary hereto. CHAPTER 116. An Act to Authorize the Town of Windsor to Borrow (Passed the 23rd day of April, A. D., 1925). Be it enacted by the Governor, Council, and Assembly, as follows: borrow. 1. The Town of Windsor is authorized to borrow Authority to or raise by way of loan on the credit of the town a sum not exceeding twelve hundred dollars towards making the grant authorized by Chapter 105 of the Acts of 1923 for the purpose of erecting at Windsor a memorial to soldiers in the County of Hants who fell in the Great War. 2. Where any money is borrowed or raised by the Sinking rund. issue and sale of debentures of the town under this Interest and sinking fund, how raised. 1923, c. 105 adopted validly 1923, c. 105, Sums granted, how raised. Meeting of ratepayers, Act and the Municipal Debentures Act the council of the town shall provide for a sinking fund with respect to such debentures. The amount to be paid annually into the sinking fund shall be an amount which the council deems sufficient to provide for the payment of the debentures when the same are payble, but which shall not be less than eight per centum of the aggregate amount of such debentures, and the first payment into such sinking fund shall be made within one year from the date of the debentures. 3. Every sum required for (a) interest on such debentures, (b) the sinking fund so provided, shall be held to be sums required for the ordinary lawful purposes of the town and shall be raised, levied and collected in the same manner and in all respects as other sums required for the ordinary lawful purposes of the town are raised, levied and collected. 4. Chapter 105 of the Acts of 1923 is declared to have been legally and validly adopted in accordance with the provisions of Section 3 of that Act. 5. Section 2 of Chapter 105 of the Acts of 1923 is repealed and the following substituted therefor: 2. The sums granted for the purposes of this Act by the Municipality of West Hants shall be deemed to be sums required for the ordinary lawful purposes of the said municipality, and such sums shall be raised, levied and collected by or for the said municiplity in the same manner and in all respects as other sums required for the ordinary lawful purposes of the said municipality are raised, levied and collected. 6. Inasmuch as the ratepayers of the Town of dispensed with. Windsor have already approved of the said expenditure by passing a resolution adopting said Chapter 105, the convening under Section 142 of the Towns' Incorporation Act of a public meeting of the ratepayers of the town to which a resolution approving such proposed expenditure shall be submitted is dispensed with and declared not to be necessary. CHAPTER 117. An Act Respecting the Municipality of the County of Antigonish. (Passed the 21st day of April, A. D., 1925). Be it enacted by the Governor, Council, and Assembly, as follows: borrow for cur. 1. Notwithstanding any of the provisions of Chap- Authority to ter 83 of the Revised Statute 1923, the Municipality rent expenses. of the County of Antigonish is hereby authorized and empowered to borrow from any chartered bank in Canada a sum not exceeding twenty-five thousand dollars to meet the current expenses of the said municipality until the taxes for the year 1925 are collected. Said amount or any part thereof so borrowed shall be payable, and repaid with interest thereon at a rate not exceeding five and a half per cent per annum on or before the fifteenth day of January, 1926. CHAPTER 118. An Act to Ratify and Confirm the Advance of Certain (Passed the 7th day of May, A. D., 1925). Be it enacted by the Governor, Council, and Assembly, as follows: Advance for ployed confirm 1. The action of the finance committee of the municipal council of the Municipality of the County relief of unemof Cape Breton in authorizing the advance by the ed. Treasurer of the Municipality of the County of Cape Breton of the sum of fifteen hundred dollars ($1,500.00) to the Overseers of the Poor for each of Districts Numbers 1, 4, 11, 12 and 20 respectively, for the purpose of affording relief to the unemployed at the Loan to pay advance for unemployed authorizea. Addition of special poor collieries of the said respective districts is hereby legalized, ratified and confirmed, and the action of the Treasurer of the Municipality of the County of Cape Breton in making the said loan to the said Overseers of the Poor in each of the said districts is hereby legalized, ratified and confirmed. 2. The Warden and Treasurer of the Municipality of the County of Cape Breton are hereby authorized and empowered to borrow by way of note or overdraft from the Royal Bank of Canada the sum of seven thousand five hundred dollars, ($7,500.00) in order to make the said advance to the Overseers of Poor of the said poor districts and the said Warden and Treasurer are hereby authorized and empowered to pledge the credit of said municipality for the repayment of said loan with interest not exceeding five and one-half per cent per annum within a period of three years from the date of the borrowing of the same. 3. The Clerk of the Municipality of the County of rate authorized. Cape Breton is hereby authorized and empowered to add to the poor rate in each of said Districts 1, 4, 11, 12 and 20 for the year 1926, an amount sufficient to cover the sum of fifteen hundred dollars, ($1,500.00) and accrued interest at the rate of five and one-half per cent per annum, plus the costs of collection of the same, as a special poor rate to the ordinary poor rate for the year 1926, notwithstanding that the same has not been voted at a meeting of the council of the municipality, and the said sum shall be in addition to any amount voted by the council of the municipality for the ordinary poor rate in the said districts, and the said sums may be so levied by the municipal clerk and be collected in the same manner and with the same remedies in all respects as any other rate or tax in the municipality is rated, levied and collected. Advance not repaid, how dealt with. 4. Should any of the said districts fail to fully repay to the said municipality the amount so advanced in the year 1926, the municipal clerk may in the year 1927 add in the manner set out in Section Three of this Act any balance due by any of said districts, which shall be collectable in all respects in the manner set out in said Section Three. |