6+ Feasr Tutee
Leadings.
Crry Cuerke

THE CORPORATION OF TIE CLTY OF PORT COQULT! ut
BY-LAW.NO. 1678 0) [ |

A By-law to authorize. the entering into of an Agreement respect tnt
JUN 2'5 1973
financing between The Corporation of the Clty of Port Coquitlam and the
Greater Vancouver Regional District.
WUEREAS The Corporation of the City of Port Coquitlam (the
"Municipality") is a member municipality of the Greater Vancouver Regional

District (the "Regional District");

AND WHEREAS the Regional District may from time to time finance

. at the request, cost and on behalf of the Municipality, pursvant to the

provisions of Section 787 of the "Municipal Act", the works to be financed
pursuant to the following loan authorization by-Jaw;
"Former Coquitlam Dyking District Specified Area Construction
and Loan Authorization By-law, 1977, No. 1576".
AND WHEREAS the amount of borrowing authorized by the above by~law,
the amount already borrowed under the authority thereof, the amount of
authorization to borrow remaining thereunder and the amount being issued

under the authority thereof by this by-law is as follows:

- Amount of Amount ' Borrowing Amount
By~law Borrowing Already Authority of
Number Purpose Authorized Borrowed Remaining Issue

$ $ § §

é .
1576 Flood Control 250,000.00 nil 250,000.00 250,000.00

Cost Sharing

250,000.00 nil 250,000.00 250,000.00

AND WHEREAS the Municipal Council by this by-law hereby requests
that such financing shall be undertaken through the Mundeipal Finance Authority
of British Columbia by the Regional District;

NOW THEREFORE the Municipal Council of The Corporation of the City
of Port Coquitlam, in open meeting assembled, enacts as follows:
Le . The Regional. District ids hereby requested and authorized to finance
from time to time the aforesaid undertakings at the sole cost and on behalf of

the Municipality up to but not exceeding Two Hundred Fifty Thousand ($250,000.00)

‘Dollars in lawful money of Canada, (provided that the Regional District may borraw

all or part of such amount’ in United States of Amncrica Dollars or United Kfugdom
sterling but the aggregate amount in Lawful money of Canada and in Canadian dollar
equivalents so borrowed shall not execed $250,000.00 Ln Ganadsan dollars) at such

interest and with such discounts or premluns and expenses as the Munftedpal Floance
'