Validation of assessment rell of 1912

Last revised assessment rell for 1912

Taxes levied thereon

Therefore his Majesty by and with the advice and consent of the Legislative Assembly of Saskatchewan enacts as follows:

1. The assessment roll of the town of Weyburn as adopted on the twenty-first day of October, 1912, is hereby declared to be valid and binding upon the said corporation and upon the ratepayers thereof and upon all persons whom and properties which the said assessment roll affects so far as compliance with the requirements of The Town Act in respect of the regularity of the same are concerned.

2. The said assessment roll shall constitute the last revised assessment roll of the town of Weyburn for the year 1912 and all assessments made under the said roll are hereby ratified and confirmed.

3. The taxes for the year 1912 based upon the said assessment roll may be levied and collected in like manner as municipal rates and taxes are by law recoverable.

1912-13

CHAPTER 69

An Act to authorise the Town of Arcola to Borrow Money for Certain Public Works.

[Assented to January 3, 1913.]

WHEREAS the town of Arcola has by petition represented

that the council of the said town has expended in the construction and extension of the system of water works for the said town the sum of seventy-five thousand dollars;

And whereas it is necessary in the interests of the burgesses of the said town that there should be constructed in the said town watermains, sewers and certain granolithic sidewalks at a cost not exceeding the sum of twenty-five thousand dollars;

And whereas the said town of Arcola has by its said petition further represented that certain doubts exist as to the power of the said council to pass a bylaw authorising the issue of debentures for the said sum;

And whereas the said town of Arcola has by its said petition. prayed that an Act be passed authorising and confirming any bylaw that may be passed by the burgesses of the said town for the purposes aforesaid and the debentures to be issued thereunder;

And whereas no opposition has been offered by or on behalf of any burgesses or otherwise to the said petition;

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 Saskatchewan enacts as follows:

1. Subject to the provisions of sections 183, 187, 188, 189 and 190 of The Town Act the council of the town of Arcola may with the assent of two-thirds of the burgesses voting thereon in the manner provided by sections 201 to 231 inclusive of The Town Act and notwithstanding the provisions of the proviso to section 184 of the said Act pass a bylaw or bylaws for contracting a debt or debts by borrowing money to an amount not exceeding in the aggregate twenty-five thousand dollars to be expended for the construction of a main sewer and granolithic sidewalks in the said town.

2. All debentures issued by the said town in pursuance of the provisions of any bylaws passed under the authority of the preceding section are hereby validated and confirmed and declared to be legal and binding upon the said town and the burgesses thereof.

3. The validity of any bylaw passed in accordance with the provisions of section 1 hereof or of the debentures to be issued in pursuance thereof shall not be questioned in any action, suit or other proceeding in any court of the province.

1912-13

CHAPTER 70

An Act to provide for Payment of Interest under Certain Bylaws of the City of Moose Jaw.

[Assented to January 3, 1913.]

HEREAS a petition has been presented by the city of Moose Jaw for the purpose of altering the rate of interest from 42 to 5 per cent. payable on debentures issued under the bylaws of the city of Moose Jaw hereinafter set out and such petition also asks for the relief in the next recital;

And whereas under one of the said bylaws passed for the purpose of raising money for a public library being bylaw No. 656 the debentures are payable in twenty (20) equal annual instalments of principal and interest and it is desired that such public library debentures may be made payable on the sinking fund plan and not by such annual instalments;

And whereas none of such debentures have been sold; And whereas the said bylaws saving bylaw No. 656 were voted upon by the burgesses of the city of Moose Jaw and were carried and the bylaws were finally passed;

And whereas the following are the particulars of such bylaws including the date of passing thereof and the amount of the loan authorised thereby:

And whereas it is expedient to grant the prayer of the said petition. Now therefore his Majesty by and with the advice and consent of the Legislative Assembly of the Province of Saskatchewan enacts as follows:

1. The city of Moose Jaw may cancel and destroy any debentures issued under and pursuant to any one or more of its said bylaws being those numbered 540, 560, 562, 576, 603, 605, 609, 611, 619, 621, 623, 632, 634, 656, and notwithstanding anything in such bylaws or any of them contained shall be authorised to issue debentures thereunder bearing interest at the rate of five per cent. per annum, payable semiannually and not at the rate of four and one-half per cent. per annum as therein provided and shall be further authorised and empowered to fix the amounts payable for interest annually and the amount to be raised annually for the sinking fund for the repayment of the debentures shall be determined in accordance with The City Act and the proper sums so computed in respect of each such bylaw shall be substituted for the sums provided in such bylaw as the amount required for such purpose and the amount required to be collected and all other alterations therein necessary to give effect to the changes hereby authorised shall be made in such bylaws and the bylaws as so altered shall be valid and binding on the city of Moose Jaw and of full force and effect and the council may if so advised pass a bylaw o bylaws amending the said bylaws in accordance herewith without submitting the same to the vote of the burgesses of the said city.

2. The city of Moose Jaw is hereby authorised and empowered to issue debentures under and pursuant to said bylaw No. 656 repayable on the sinking fund plan and not by annual instalments and such debentures shall be repayable in twenty years from their date and they shall bear interest at the rate of five per cent. payable semi-annually and not at four and one-half per cent. per annum payable semi-annually as therein provided and the sinking fund for the repayment of the debenture shall be determined in accordance with The City Act.

(2) The council of the said city may pass a bylaw amending its said bylaw No. 656 in accordance with the changes therein by this section authorised.