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March Ist, 1976

Moved by Alderman Mabbett:

Seconded by Alderman Laking:

That the City Clerk be instructed to prepare the proposed new Garbage By-law for formal consideration by the Council at the next meeting.

Carried.

From the Finance Committee, February 27th, 1976 recommending that the Council endorse an Appeal from the Canadian Red Cross Society for funds in aid the people of Guatemala, and in turn urge all industry, professional groups organizations and residents to support this appeal for funds.

Moved by Alderman Thompson:

Seconded by Alderman Traboulay:

That this Council endorse the Appeal from the Canadian Red Cross Society for funds to aid the people of Guatemala and in turn urge all industry, professional groups, organizatious and residents to support

this appeal for funds.

Carried. From the Finance Committee, February 27th, 1976 recommending that a By-law be prepared to increase the rate of interest payable on prepaid taxes from 7% to 8% for the 1977 tax year.

Moved by Alderman Thompson:

Seconded by Alderman Mabbett:

That a By-law be prepared to increase the rate of interest payable on prepaid taxes from 7% to 8% for the 1977 tax year. Carried.

Moved by Alderman Thompson:

Seconded by Alderman Laking:

That the Department of Municipal Affairs be approached with a view to increasing the interest rate payable on tax prepayments as the present rate permitted is below the present money market rates.

Carried.

Alderman Traboulay questioned the need for suggesting a suitable limit of the revised amount such as 10% would be a practical amount,

The City Clerk suggested that in various sections of the Municipal Act

it sets out certain rates or courses of action and then provides that

Fin.Comm. re Can.Red. Cross Appeal for funds

Fin.Comm:re increased rate of interest for tax prepayment