Town of Morden may borbuy right-of row $20,000 to way for Midland Railway. Debentures. HIS CHAPTER 48. An Act respecting the Town of Morden. [Assented to March 16th, 1906.] IS MAJESTY, by and with the advice and consent of the Legislative Assembly of Manitoba, enacts as follows: 1. Notwithstanding anything contained in "The Municipal Act" it shall be lawful for the mayor and council of the Town of Morden to borrow, upon the credit of the said Town of Morden, a sum not exceeding the sum of twenty thousand dollars to cover the cost of procuring or acquiring a right-of-way through the said Town of Morden for a line of railway to be constructed by the Midland Railway Company, and to issue debentures of the said Town of Morden, to the amount of the said sum, repayable in such manner and at such times as the council may by by-law determine, the period of such debentures, however, not to exceed a period of thirty years from the date of the issue thereof, and said debentures to bear interest at a rate not exceeding five per cent. per annum; but the by-law authorizing the issue of said debentures shall require to receive the assent ratepayers re- of the duly qualified ratepayers of the said Town of Morden in the manner prescribed in such cases by "The Municipal Act." Assent of quired. 2. This Act shall come into force on the day it is assented to. CHAPTER 49. An Act respecting the Town of Morris. [Assented to March 16th, 1906.] HIS MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of Mani toba, enacts as follows: town. 1. The boundaries of the Town of Morris are hereby certain lands altered by detaching therefrom the lands following, name-detached from ly Lots numbers 313, 315, 317, 319, 347, 349, 351, 353, 355, 357 and 359 of the Parish of St. Agathe, the south half of sections 9 and 10, all of section 4, in township 5, range 1 east, all of section 33, north half of sections 27 and 28, in township 4, range 1 east, which said lands are hereafter to be in and form a part of the Rural Municipality of Morris. ment of debt detached and town. 2 The said lands above described, and hereinbefore Apportionprovided to be detached from the said Town of Morris, are of town as beto bear and to be responsible for and to pay three-eighths tween lands of all existing debenture indebtedness of the said Town of remainder of Morris, and the said the Town of Morris is to bear and to be responsible for and is to pay five-eighths of all the existing debenture indebtedness of the said the Town of Morris, and the said the Town of Morris is to be responsible for and is to pay all other existing indebtedness and liability of the said the Town of Morris, and the said lands hereinbefore described are not to be responsible for or to be obliged to pay any indebtedness or liability of the said the Town of Morris except the said three-eighths of the said debenture indebtedness. on detached lands for its over levy to 3. The Rural Municipality of Morris shall, and is Rural municihereby authorized and empowered to, assess the said here- al teledy inbefore described lands for, and to levy thereon by way proportion of of taxes under the provisions of "The Assessment Act," debt and pay annually, such sum or sums of money as may be required town. to meet and pay three-eighths of all moneys required to be raised during the year on account of the said debenture indebtedness, and immediately after the collection of the same shall pay and turn over to the Town of Morris all moneys so collected, which moneys shall be applied by said Application of Town of Morris in payment of the interest and principal town. on said debentures. the money by Power of rural municipality levies. 4. For the purpose of collecting the said three-eighths for enforcing of the said debenture indebtedness the said the Rural Municipality of Morris is to have full power and authority to make assessments and levies, and on default of payment to sell the said lands or any part thereof as if the said debenture indebtedness had been incurred by the said Rural Municipality of Morris and were a liability of the said Rural Municipality of Morris, and all the provisions of "The Assessment Act," or any other Acts of the Province of Manitoba relating to the collection of debenture indebtedness, shall be exercisable by the said the Rural Municipality of Morris in connection with the collection of the said three-eighths of the said debenture indebtedness. What taxes for school pur levied on the detached lands by the benefit of the 29. 5. And whereas the said lands above described, which poses are to be are being detached from the boundaries of the Town of Morris, are in the School District of Morris, number 29, rural munici- and now pay and are responsible for their share of the pality for the liabilities of the said school district; now therefore it is of Morris, No enacted that the said above specifically described lands shall be assessed for and shall pay as school taxes for school purposes the same rate per acre as the other farm lands which are within the boundaries of the Town of Morris, and are within the said school district and assessed for and pay, and the said amounts which the said lands herein before specifically described are to pay for school taxes are to be assessed under the provisions of the statutes in that behalf against the said lands by the Rural Municipality of Morris. and upon receipt thereof are to be from time to time paid over by the Rural Municipality of Morris to the said the School District of Morris number 29, and all of the provisions of the statutes of the Province applicable to of Manitoba in force in reference to collection of school taxes are to be applicable for and apply to the collection of the said school taxes by the Rural Municipality of Morris from the lands hereinbefore specifically described. What provisions of law collection of such taxes. assessment of farm lands remaining in Town of Morris. Limitation of 6. Notwithstanding anything contained in the provisions of the statutes of the Province of Manitoba, all the farm lands which remain within the boundaries of the Town of Morris shall not be assessed for municipal purposes by the Town of Morris at any higher rate than $20 per acre for a period of ten years from the date of the passing of this Act, and thereafter if said lands shall remain within the boundary of the Town of Morris they shall not be taxed for all purposes by the Town of Morris at any higher rate than five per cent. per annum on an assessment of not more than twenty dollars per acre. of the Munici 7. Sections 34 to 40, inclusive, of "The Municipal Section 34-40 Act" are not to apply to the change in municipalities here- pal Act not to in made. apply in this case. 8. This Act shall come into force on proclamation of when Act to the Lieutenant-Governor-in-Council. come into force. Proceedings under powers of sale in certain mort CHAPTER 50. An Act to amend "The Mortgage Act." [Assented to March 16th, 1906.] HIS MAJESTY, by and with the advice and consent of the Legislative Assembly of Manitoba, enacts as follows: 1. Chapter 115 of the Revised Statutes of Manitoba, 1902, is hereby amended by adding thereto the following section: 12. Whenever a mortgage heretofore made, purporting to be made in pursuance of "The Act respecting Short Forms gages declared of Indentures" or "The Short Forms Act," contains a valid and sufficient. power of sale which provides for a sale without notice, the mortgagee, his heirs, executors, administrators, successors or assigns, may, and shall be held to have been always entitled to, take proceedings to sell under the same according to the tenor of the power, and to have or have had the benefit of the provisions of column 2 of the said Act, but in any such proceedings hereafter taken on any such mortgage it shall be necessary that notice thereof shall be served as required by the Acts herein referred to. 2. This Act shall come into force on the day it is assented to. |