An Act relating to the Corporation of the District of
Burnaby, British Columbia.

W

[Assented to 21st December, 1923.]

HEREAS the Corporation of the District of Burnaby has by Preamble. its petition represented that the said Corporation is a district municipality within the meaning of the "Municipal Act," and that it is necessary, in the interest of the inhabitants and ratepayers of the said municipality, to enact the provisions hereinafter contained, and has prayed that the same may be enacted accordingly:

And whereas it is expedient to grant the prayer of the said petition:

Therefore, His Majesty, by and with the advice and consent of the Legislative Assembly of the Province of British Columbia, enacts as follows:

1. This Act may be cited as the "Burnaby Municipality Act, Short title.

1923."

2. In the construction of this Act the following words or expres- Interpretation sions shall have the following meanings respectively:

66

Municipality" shall mean the Municipality of Burnaby : "Council" shall mean the Municipal Council of the Corporation of the District of Burnaby.

In defining any word or expression used in this Act not by this Act expressly defined, reference may be had to the provisions of the "Municipal Act."

3. The Council shall have power from time to time by by-law to provide for the borrowing from any person or corporation who may be willing to advance the same as a loan such sums of money as may be necessary to reduce outstanding obligations of the municipality which are secured by the hypothecation of arrears of taxes, and the Council shall have the power to pledge as security for the

of terms.

"Burnaby Conservation of Assets Act, 1921," to apply.

sums so advanced all or any of the lands and the proceeds of the sale of such lands acquired by the municipality through tax-sale proceedings, and no such by-law shall require the assent of the electors or the approval of the Inspector of Municipalities. The proceeds of the sale of the lands so hypothecated shall be used for the purpose of the redemption of the debt created under the provi sions of this section, and for no other purpose until after the said debt shall have been redeemed.

4. Any unsold portion or portions of lands acquired at tax sales in the years 1920, 1921, 1922, and 1923 and subsequent years and any moneys due on lands which have been sold remaining or accruing after the redemption of any obligation created under the provisions of the preceding section shall be dealt with in the manner prescribed in the "Burnaby Conservation of Assets Act, 1921," and all the provisions of the said Act shall, mutatis mutandis, apply to the said lands and money.

VICTORIA, B.C.:

Printed by WILLIAM H. CULLIN, Printer to the King's Most Excellent Majesty.
1923.

An Act relating to certain Local Improvement Works and By-laws of the Corporation of the City of North Vancouver.

W

[Assented to 21st December, 1923.]

HEREAS doubts have arisen as to the power of the Corpora- Preamble. tion of the City of North Vancouver to pass the debenture by-laws named in Schedule A hereto and to issue debentures thereunder:

And whereas the said Corporation of the City of North Vancouver has constructed and completed certain works under the provisions of the "Local Improvement Act" and pursuant to certain local improvement construction by-laws named in Schedule B hereto; but no debenture by-laws have been passed in respect thereof, and doubts have arisen as to the power of the Council of said Corporation to pass debenture by-laws and issue debentures for raising the moneys to defray the owners' portion of the cost of said works: And whereas the said Corporation passed certain other local improvement debenture by-laws named in Schedule C hereto :

And whereas the by-laws named in Schedules A and C do not name any place for payment of the debentures to be issued thereunder, and do not provide for interest coupons:

And whereas the Corporation of the City of North Vancouver has, by its petition, prayed that legislation be enacted to remedy the above matters:

Therefore, His Majesty, by and with the advice and consent of the Legislative Assembly of the Province of British Columbia, enacts as follows:

1. This Act may be cited as the "City of North Vancouver Local Short title. Improvement By-laws Validation Act."

by-laws.

2. The by-laws named in Schedule A hereto shall be deemed to be Validation of good and valid by-laws of the Corporation of the City of North

Authorizing issue of debentures.

Partial application
of s. 40 (3),
"Local Improve-
ment Act."

Partial application
of s. 42 (1),
Local Improve-
ment Act."

Payment of debentures.

Vancouver. Notwithstanding anything contained in the "Local Improvement Act" or the "Municipal Act," the debentures authorized by said by-laws may bear any date within six months from the coming into force of the said respective by-laws, and the respective periods named in such by-laws for maturity of said debentures shall be computed from the dates of said debentures respectively.

3. It shall be lawful for the Council of said Corporation to pass local improvement debenture by-laws:

(a.) To authorize the issue of debentures to pay the owners' portion of the cost of the respective local improvement works constructed pursuant to the construction by-laws named in Schedule B hereto, provided such debentures shall be dated within six months from the coming into force of this Act:

(b.) To impose the special assessment for the owners' portion of the cost on the lands abutting on the work and on other lands immediately benefited by the work, in accordance with the "Local Improvement Act."

4. That part of subsection (3) of section 40 of the "Local Improvement Act" as amended, which provides that the debentures shall be payable within the lifetime of the work, shall not apply to any of the said local improvement works, nor to the local improvement debenture by-laws named in Schedule A, nor to the local improvement debenture by-laws referred to in section 3, nor to the debentures to be issued under any of said by-laws.

5. That part of subsection (1) of section 42 of the "Local Improvement Act" as amended, which provides that the special assessment in respect of owners' portion of the cost shall not extend beyond the lifetime of the work, shall not apply to said local improvement works, nor to any of the local improvement debenture by-laws referred to in section 3 or 4.

6. The debentures to be issued under the by-laws named in Schedules A and C hereto may be expressed to be payable as to both principal and interest at the principal office of the Royal Bank of Canada in the City of North Vancouver, the City of Toronto, or the City of Montreal, Canada, at the option of the holder, and coupons for the payment of interest may be attached thereto, and such. coupons may be signed by the Mayor of the City of North Vancouver, and his signature may be written, printed, or lithographed.