and confirmed and made binding on the council and corporation of the said Rural Municipality of Brokenhead as fully to all intents and purposes as the same could be if such by-law had been passed pursuant to statutory provisions and powers for that purpose, and as if the said bylaw had been enacted by the Legislature of this Province, and the validity and legality of the said by-law shall not be questioned in any action, suit or proceedings in any Court for any cause whatever, but no debentures shall be issued and no money borrowed thereunder. legalized and 2. The said by-law Number 132, mentioned in the By-law No. 132 preamble of this Act, and set forth in the schedule here- confirmed. unto annexed and marked with the letter B, and every clause, matter and thing therein contained are hereby legalized and confirmed and made binding on the council and corporation of the said Rural Municipality of Brokenhead as fully and to all intents and purposes as the same could be if such by-law had been passed pursuant to statutory provisions and powers for that purpose, and each and every debenture issued and to be issued under the said bylaw Number 132, and the coupons to each of such deben- Debentures to tures, shall be legal and binding upon the council and cor- binding. poration of the said Rural Municipality of Brokenhead according to the terms and effect of the said by-law and of the said debentures issued or to be issued thereunder, and the validity and legality of the said by-law and of the said debentures shall not be questioned in any action, suit or proceedings in any Court for any cause whatsoever. be legal and debentures. 3. The said Council and corporation of the said Rural Sale of the Municipality of Brokenhead may issue and sell the said debentures, as set forth and enumerated in said by-law Number 132, and shall raise and levy in each year, by a Levies for special rate on all the rateable property in the municipality, the amounts in the said by-law stated to satisfy the said debentures and interest thereon, when and as the same. may mature and be payable. 4. Notwithstanding anything contained in the said Bylaw Number 132, each debenture issued thereunder may be for an amount equal to the aggregate amount payable each year for principal and interest, as appears in the last schedule to the said by-law. 5. This Act shall come into force on the day it is assented to. payment. SCHEDULE A. RURAL MUNICIPALITY OF BROKEN HEAD-BY-LAW No. 127. A by-law to authorize the issue of debentures of the Municipality of Brokenhead, creating a debt for the sum of $18,000, to be expended in the construction and repairs of roads and bridges, and in the erection of a municipal hall in the said municipality. 66 Whereas, under and by virtue of The Municipal Act," power has been given to any rural municipality to borrow money, and to give security therefor by the issue of debentures by the municipality borrowing the same; And whereas it is expedient and necessary for the council of the Rural Municipality of Brokenhead to raise the sum of $18,000, for the purpose of expending the said money in the construction and repairs of roads and bridges and the building of a municipal hall in the said municipality; And whereas the sum of $1,500 is required to be raised annually, by special rate, to create a sinking fund to pay the debt to be created by said by-law, when the same becomes due, and interest on the said indebtedness created under and by virtue of the said by-law and the debentures issued thereunder, when the said interest becomes due and payable; And whereas the total amount of the whole rateable property of the said Rural Municipality of Brokenhead, according to the last revised assessment roll of the said municipality, is $500,000; And whereas there is no existing debenture debt against the said Municipality of Brokenhead, Therefore the reeve and council of the Municipality of Brokenhead enacts as follows: 1. That this by-law take effect upon the twenty-eighth day of August, 1905. 2. That for the purpose aforesaid the sum of $18,000 shall be raised by way of loan on the credit of the said Municipality of Brokenhead, and as security therefor the debentures of the said Rural Municipality of Brokenhead be issued by the council of the said municipality in the sum of not less than one thousand dollars each, not exceeding in the whole the sum of $18,000. 3. That the said debentures shall be made payable to bearer on the first day of December, 1924, and shall bear interest at the rate of four and one-half per centum per annum, the interest to be payable yearly, on the first of January in each and every year, and such debentures shall have coupons attached thereto for the payment of interest thereon. 4. That for the purpose of paying interest on the said debentures as aforesaid a sum shall be raised annually, by special rate, for the payment of interest during the currency of said debentures, on all the rateable property in said municipality liable therefor, in addition to all other rates, and shall be collected in each year during the currency of said debentures. 5. That for the purpose of creating a sinking fund to pay off the said debentures, when the same shall become due and payable, the sum of $1,500 shall be raised annually, by special rate, on all the rateable property of the said municipality liable therefor, in addition to all other rates, and shall be collected in each year during the currency of such debentures. 6. That the said sums, both as to principal and interest, shall be made payable at any place in the Dominion of Canada, and shall be expressed in the currency of the Dominion of Canada. 7. That the reeve and treasurer are hereby authorized to sign the said debentures, and the treasurer is hereby authorized to sign the coupons attached to the said debentures for the payment of interest thereon, and to attach the corporate seal of the said municipality to the said debentures. 8. That the votes of the electors of the said municipality shall be taken on the proposed by-law on the twenty-first day of August, A.D. 1905, between the hours of nine o'clock in the forenoon and five o'clock in the afternoon of that day, at the following places: Ward 1, at Tyndall School House; Ward 5, at Brokenhead School House; that the following persons shall be and are hereby appointed deputy returning officers to take the votes of the electors as aforesaid on said proposed by-law, namely, at Tyndall School House, in Ward 1, A. Wells; at Municipal Hall, in Ward 2, M. J. Habar; at Council Chamber, in Ward 3, J. D. Campbell; at Ladywood School House, in Ward 4, W. Gardner; at Brokenhead School House, in Ward 5, And. G. Sidebottom, all in the said Rural Municipality of Brokenhead. 9. That the clerk of the said municipality is hereby instructed to publish a notice, setting forth concisely the objects of the by-law, and naming the hour, day and place or places hereinbefore fixed for taking the votes of the electors for or against the said by-law, once in The Manitoba Gazette, at least two weeks in advance of the day of said voting, and in at least one number of a weekly newspaper published in the Town of Selkirk, Manitoba, in each week for three consecutive weeks before the taking of said votes of electors as aforesaid, and shall post up said notice in four or more public places in the said municipality. 10. That the hour of 6 o'clock in the afternoon, on the eighteenth day of July, 1905, shall be the time and place where the reeve of the said municipality shall attend for the purpose of appointing persons to attend at the various polling places, and at the final summing up of the votes by the clerk, respectively on behalf of the persons interested in the by-law and promoting or opposing the passing of the said by-law; that the hour of one o'clock in the afternoon, on the twentysecond day of August, 1905, at Council Chamber, shall be the time and place where the clerk of the said municipality shall attend for the purpose of summing up of the number of votes given for and against said by-law. Done and passed in Council, at Brokenhead, this twenty-eighth day of August, 1905. SEAL JOHN LITTLE, Reeve. SCHEDULE B. BY-LAW NO. 132. A by-law to authorize the issue of debentures of the Rural Municipality of Brokenhead, in the Province of Manitoba, to the amount of fourteen thousand dollars ($14,000), for the purpose of paying and discharging the present floating indebtedness of the said municipality. Whereas, on the twenty-eighth day of August, A.D. 1905, the council of the Rural Municipality of Brokenhead duly passed a certain by-law after taking the votes of the ratepayers thereon as provided by law, authorizing the said Rural Municipality of Brokenhead to borrow the sum of eighteen thousand dollars ($18,000) for the purposes of the said municipality, the said by-law being numbered 127, and provided for the issue of the debentures of the said municipality to the extent of the said sum of eighteen thousand dollars ($18,000); And whereas the said municipality has not issued any debentures under the provisions of the said by-law, and has not borrowed the said sum of eighteen thousand dollars ($18,000), nor any part thereof, under the authority of the said by-law; And whereas it is urgent and necessary that the said Rural Municipality of Brokenhead should without delay pay and discharge the present floating indebtedness of the said municipality, amounting to the sum of fourteen thousand dollars ($14,000); And whereas, in order thereto, it will be necessary to issue debentures of the said municipality for the sum of fourteen thousand dollars ($14,000), as herein provided (which is the amount of the debt intended to be created by this by-law), the proceeds of the said debentures to be applied to the said purpose; And whereas the amount of the whole rateable property of the said Rural Municipality of Brokenhead, according to the last revised assessment roll thereof, is five hundred thousand dollars (500,000); And whereas there is no existing debenture debt against the said Rural Municipality of Brokenhead; And whereas it is deemed advisable and necessary that in view of the adoption of the said by-law, number 127, by the said Rural Municipality of Brokenhead, after the same had been voted upon by the ratepayers and duly carried according to law, and in view of the fact that no debenture indebtedness was contracted by the said municipality under the authority of the said by-law, number 127, that authority be now given to the said municipality to borrow the said sum of fourteen thousand dollars ($14,000), and issue debentures therefor as hereinafter provided, without submitting the same to the ratepayers, Therefore the Municipal Council of the Rural Municipality of Brokenhead enacts as follows: 1. The sum of fourteen thousand dollars ($14,000) shall be expended by the Rural Municipality of Brokenhead in discharging the present floating indebtedness of the said municipality, and, for the purpose of raising the said sum, debentures of the said rural municipality to the amount of fourteen thousand dollars ($14,000) aforesaid shall be issued, in sums not less than one hundred dollars each, payable in the manner, for the amounts and at the times respectively set forth in the schedule to this by-law, and to bear interest at the rate of five per centum per annum, payable yearly, on the first day of April in each and every year during the currency of the said debentures, from and after the issue thereof. 2. The said debentures, as to principal and interest, shall be payable at the Dominion Bank, at its north end branch of the City of Winnipeg, in the Province of Manitoba. 3. It shall be lawful for the reeve of the said the Rural Municipality of Brokenhead, and he is hereby authorized and instructed, to sign and issue the said debentures hereby authorized to be issued, and to cause the same, and the interest coupons attached thereto, to be signed by the treasurer of the said municipality; and the clerk of the said municipality is hereby authorized and instructed to attach the seal of the said municipality to the said debentures. 4. That there shall be raised and levied annually by a special rate on all the rateable property in the said municipality, a sum sufficient to discharge the several instalments of principal and interest accruing due on the said debt as the same may become respectively payable, according to the schedule to this by-law, the amount to be raised in each year for the purposes being shown in said schedule. 5. This by-law shall take effect on the date of the final passing thereof by the said council. 6. It shall not be necessary to submit this by-law to be voted upon by the ratepayers of the said municipality. Done and passed in council, at Beausejour, in the Municipality of Brokenhead, this eighth day of January, A.D. 1906. Debenture for $423.50, payable in one year, from the first day of April, 1906; Debenture for $444.50, payable in two years, from the first day of April, 1906; Debenture for $467, payable in three years, from the first day of April, 1906; Debenture for $490, payable in four years, from the first day of April, 1906; Debenture for 514.50, payable in five years, from the first day of April, 1906; Debenture for $540.50, payable in six years, from the first day of April, 1906; Debenture for $567, payable in seven years, from the first day of April, 1906; Debenture for $596.50, payable in eight years, from the first day of April, 1906; Debenture for $635, payable in nine years, from the first day of April, 1906; Debenture for $653.50, payable in ten years, from the first day of April, 1906; Debenture for $689.50, payable in eleven years, from the first day April, 1906; Debenture for $724, payable in twelve years, from the first day of April, 1906; Debenture for $760, payable in thirteen years, from the first day of April, 1906; |