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A Byâ€"law providing for the issue of Separate School Debentures to the amount of $15,000.00 for the purpose of completing the construction of a Roman Catholic Separate School in the Town of Timmins. BEOARD OF TRUSTEES OF THE ROMAN CATHOLIC SEPARATE ; FOR THE TOWN OF ay*t s # 41 x raAt, Cc# WHEREAS, the Board of Trustees of the Roman Catholic Separate Scehool for the Town of Timmins is desirouns of borrowing the sum of $15,â€" 000.00 for the completion of the conâ€" strudtion of a Roman Catholic ‘w’epar- e Sehool in the said Town. p'A\l) WHEREAS, in order t.heretu it is desirable to raise by way of loan on ‘the credit of the said Board of Separate Sehool Trustees, the sum of $15,000.00 for the purpose aforesaid seeured by Debentures bearing interâ€" est at the rate of six ‘per cent. per annum as hereinafter provided, the proceeds of the said Debentures to be applied for the purpose aforesaid and to no other. AND WHERE A 000.00 is the am» tended to be incut AND WHERE A AND WHEREAS, the sum of $15,â€" 000.00 is the ameunt of the debt inâ€" tended to be incurred by this Byâ€"law. AND WHEREAS, it is desirable to issue said Debentures at one time butk to make the principal on said Debenâ€" tures reâ€"payable in yearly sums durâ€" in@ the period of Twenty years, being the currency of said Debentures, said vyearly sums to be of such respective amounts that ‘the aggregate amount payable each year for principal and interest in respect of the said debt shall be as nearly as possible equal to the amount so paysble in cach of the other nineteen years of said period as shown in Schedule **A" hereto anâ€" ncX AND WHEREAS, the total amou required by the Municipal Act and â€" the Separate Schools Act to hbe rais annually by special rate for payt the said debt and interest as hereinâ€" after provided is $1,307.77. AND WHEREAS, ‘the amount of the whole ratable property liable for Roman Catholie Separate School rates in the said Town of Timmins accordâ€" ing to ‘the last revised Assessment RNoll of the said Town, being the one for the year 1918, ;s $008.209, ANXND WHEREAS, the present exâ€" isting general Debenture debt of the said Roman Catholic Separate Sehool Board is $30,000, of which debt no part of the principal or interest is in arrears. amount and hy Aa VIng that such sum â€"0L Sidail UC raised and levied in each year during the said period of twenty years by a special rate sufficient therefor on all the property real and personal vested in said Board and on the assessed value of all the property in the Town of Timmins, ratable for Roman Cathâ€" olie School purposes. _ > $ THEREFORE, the Board of Trusâ€" tees of the Roman Catholic Separate School for the Town of Timmins enâ€" atts as follows:â€"â€" 1. It shall be lawfut for the Chairâ€" man and the Treasurer of said Board of Trustees of the Roman Catholic Separate School for the Town of Timâ€" mins to raise by way of loan upon the security of the Debentures hereinafter mentioned, from any person or perâ€" sons, bhody or bodies corporate who may be willing to advance the sum upâ€" on ‘the credit of such Debentures a sum of money not exeeeding in the whole the sum of $15,000.00 and to cause the sum to be paid into the hands of the said Treasurer for the purpose and with the object above reeited. 2. Tt shall be lawful for such Chair man and such Treasurer to cause any number of Debentures to be made in amounts of not less than $100.00 each {for sueh amounts of money as may be required for the purpose aforesaid and not exceeding in whole the said siuum of £15,000.00 and the said Debhentures suall hbe witlii the seal of the Cirfirman fAnd â€"â€"JrPa830E?9., 0 The said Debeonture Aatoed and issued all at on two years after the date o Bvâ€"law is passed and sh two years after the date on which Inis Byâ€"law is passed and shall be made payable in Twenty annual instalments during the Twenty rears next after the date of the issue thereof, of such amounts respectively that the aggreâ€" rate amounts payable for principal and interest shall Le vquul. as near as may be, at any branch of the Inperial Bank of Canada in the said Town of Timmins or in the City of Toronto. 4. The said Debentures shall bear interest at the rate of six per cent. per annum from the date thereof, which interest shall be payable yearly in cach and every year during the curâ€" reney thereof at the same time and at the same place where the said Debenâ€" tures are made payable. 5.. During the curreney of the Deâ€" bentures to be issued under the author ity of this byâ€"law there shall be raised annually by special rate on all ths property real and personal vested in the.said Board and on the asseossed value of all the property in the Town of Timmins ratable for Roman Cathoâ€" lie Separate School purposes in addiâ€" tion to all other rates, levies and other assessments the sum of $1,307.77 for AND WHEREAS, and =!11 t one time it is necessary 307.77 shall be sA in ca¢n of tne and interest â€" as shown in in the said Town of Timmins during the said period for Roman Catholic Separate Sehool purposes. 6. The Chairman and Treasurer of said Board may cause the said Debenâ€" tures or a sufficient amount thereof to be sold or hypothecated and the proceeds thereof after providing for the discount, (if any) and the expense and negotiations of sale thereof shall be applied for the purpose above speci fied and for no other. the purpose of paying e amount due n each of the said years for principal and interest in respect of such debt as shown in Schedule ‘*A‘"‘ hereto attached and such sum shall be a charge upon and shall be deducted from anvy moneys raised and levied 7. The Debentures to be issued hereunder shall contain a proviso in the following words:â€"‘*‘This Debenâ€" ture or any interest thereunder shall not, after a certificate of ownership has been endorsed thereon by the Treasurer of the said Board, be transâ€" ferable except by entry of the said Treasurer in the Debenture Book of the said Separate School Board."‘ or to the like effect. 8. This Byâ€"law shall take effect on aiud after the passing thereof. Dated at the Town of Timmins, this 3rd day of September, 1918. Another rich gold find is reported as having been made in the Boston Creck gold district on a group of claims owned by James Hughes and Thomas Middleton, of Haileybury. Thke find is said to have been so strikâ€" ing that the property was promptly taken up by C. B. Flynn and his New York associates, at a price up in six figures. ‘Thomas Middleton was conâ€" neceted wich â€" the â€" Millerâ€"Middleton claims, now a part of the Hollinger nroperty, and James Hughes was one of the nriginal holders of the Teckâ€" Hugzhes at Kirkland Lake. Referred to in the foregoing Byâ€"law of the Board of Trustees of the RKoman Catholie Separate School â€" for _ the Town of Timmins, showing how the amount of $1,307.77 thereby required to be raised annually by special rate is apportioned. 1919 1920 1921 1922 1092:} 1024 1025 1924(0) 1927 1928 1920 1930 1931 10:}2 1093;3 10934 1935 190340 190.:37 1038 FOUR TIMMINS SFRGEANTS N ONf GOMPAMRY Sergt. . M. Widdificld Writes Prom ‘‘Somewhere in France.‘‘ Date REPORT OF ANOTHER RICH BOSTCN CREEK GOLD PIND. ‘"We are now out of the running n ‘baseball. However, we won our eague, but failed in the finals. But unnv and 1 > gave them a good run for their w HECTOR CHATEAUYERT, Secretary N % 4 LI $15000.00 $11155.40 1035.89 1088.04 1163.92 1233.01 11 ‘1 neli] ). al 458.17 485.00 514.81 545.09 578.43 613.14 649.9:3 688.92 7 30.26 ’4.()7) }:69.(1).‘{ 2és O TT SCHEDULE ‘‘A‘‘ Sampson a n t 0.3 NEWTON, 11 1€ $9800,00 BHLCA §$49.60 §$22.11 793.96 762,05 7 29.34 604.6.3 657.84 618.85 577.091 38.02 209.13 143.85 "4.16 S Interest mt PORCUPINE ADVANCE Chairman 11( iT + + 1 â€"~4 Â¥ *# *~1 % .‘ 1 â€"] c P ie * 1 8 =1 ~] t Total nA h‘h 4fi For the sake of your comuntry and the boys "over / oo P 3 d * * 1 7 there,"‘ spen cautiously. Think oof what ELord [xztche@er has said, and ask yourself first, "Is this something I really need or can I do without it?" Published under the authority of the Minister of Financso of Canada %VHETHER it "be <food, coal, wool, steel, leather, labor or transportation, the result ia all cases is the same. Whoever competes with the nation by freely satisfying his own desires, selfishly approâ€" priates to his own use that which is so urgently required for our fighting men in France. i4