County of Stettler

Public Notice to Electors of the County of Stettler No. 6

Public Notice to Electors of the County of Stettler No. 6

County of Stettler No. 6
6602-44 Ave., Box 1270
Phone: 403-742-4441 Fax: 403-742-1277
wwwstettlercounty.ca
Public Notice

Public Notice to Electors of the County of Stettler No. 6
Borrowing Bylaw 1639-20
Acquisition of Land & Gravel Supply

The Municipal Government Act - Part 8, Sections 258 and 259
Take notice that the Council of the County of Stettler No. 6, in the Province of Alberta, has given first reading to Borrowing Bylaw
1639-20 which will, upon final passage and approval authorize the proper officers of the said County to borrow the sum of $6,000,000.00 for a period not to exceed twenty (30) years, from the Royal Bank of Canada, the Alberta Capital Finance Authority and/or other authorized financial institution(s).

Acquisition of Land and Gravel
Council has authorized, through resolution and for the purpose of the purchase of land for gravel supply, the sum of SIX MILLION DOLLARS ($6,000,000.00) be borrowed from the Royal Bank of Canada, the Alberta Capital Finance Authority and/or other authorized financial institution(s) by way of debenture on the credit and security of the Municipality at large, of which amount the full sum of $6,000,000.00 is to be paid by the Municipality at large. The estimated lifetime of the project financed under this bylaw is equal to, or in excess of thirty (30) years, and not to exceed four percent (4%) per annum.

NOW THEREFORE NOTICE is hereby given by the Council of the County of Stettler No. 6 that, unless petition of the electors for a vote on Bylaw 1639-20 is demanded, as provided for by the terms of Section 231 of the Municipal Government Act, the said Council may pass the said borrowing bylaw.

The proposed bylaw may be examined between the hours of 8:30 am. and 4:30 pm in the office of the Director of Municipal Services, County of Stettler No. 6, 6602-44 Avenue, Stettler, Alberta.


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