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Hake

nec

Friday, January 9, 1944

’ THE DAILY NEWS

SS

 

 

 

MUNICIPAL NOTICE

TAKE NOTICE that the Municipal Coun-
) of the City of Prince Rupert bas fixed
jursday, the Fifteenth day of January,
», 1914, at the Council Chamber in the
'y Hall, Fulton Street, as the day and
ace tor taking the vote of the rate-
yers on the following bylaws;
"\ pylaw of the City of Prince Kupert
i) provide for eXtensions and improve
jionts to the Municipal Telephone «Sys
ion of the Gity of Prince Hupert and to
cate and secure @ debt for the pur
se of muaking such extensions and im
sovements amounting to the sum ol
vty Thousand Dollars ($60,000,00).
\ bylaw of the City of Prince Rupert
authorize the purchase and instaila
ion of an improved system for gener
jung electrical energy in the Gity of
ponee tupert, capavle of produciig
ve Hundred (600) kilowatts oF
i| energy and to ereate a debt to
extent of, One Hundred and Five
nousand Dollars. ($105,000.00).
\ bylaw to provide for the extension
the biectric Light Pole Line System
the City of Prince Kupert and au
ize the Creation of @ debt to the
ent of Forty-five Thousand Dollars
000.00) to pay for the same and
securing Of the Same With interest
j the issue of debentures,
, bylaw of the City of Prince Rupert
quimorize the Construction of a Uity
Hullding On Fulton Street for municipal
purposes aud tor creating a debt of
riity Thousan dDollars ($50,000.00) w
i

 

the same, aiid to secure the said
pt by the issue of debentures,

\) PURTHER TAKE OTICE that the
shull be taken by ballot, and that the
ug booths shall pe kept open on the
fifteenth day of January, A, DBD, i9ia,

i the hour Of 9:00 4, mm, until the hour
v0 p. My

4 for

\ND FURTHER TAKE NOTICE that F

Brown bas been appointed heturn
« Officer to take charge of the said
‘i ERNEST A, WOODS,

City Clerk

 

\ BYLAW OF THE CITY OF PRINCE

UPERT TO PROVIDE FOR EXTENSIONS
\D [IMBROVEMENTS TO THE MUNIUI
\L TELEPHONE SYSTEM OF THE CITY

PIUNCE RUPERT AND TO CREATL
\D SECURE A DEBT FOR THE PUR
sk OF MAKING SUCH EXTENSIONS
\) IMPROVEMENTS AMOUNTING TU
ik SUM OF BIXTY THOUSAND DOL

$60,000,000):

WHEREAS the City of Prince Kupert at

operates its own telephone sys

m and such system 18 now Iinsulficient
serve the requirements of the citizens
Prince Kupert 4nd it has become eves
aI to improve and exéend the said

vel
AND WHEREAS @ petition has been

uly igned by the required number of
perty holders of the sald clly request
ix the Municipal Council of the City of

ice Hupert to introduce this bylaw and

uue bas been iitroduced pursuant bo this
tition
\\ND WHEREAS for the purpose of
such unprovements and extlensiolis
necessary to incur @ debt to

of sixty Thousand Dollars

aking
will i

ut eAtent

REAS the Gity intends to issue
for the amount of the said
Sixty Thousand Dollars (860,
the sale of Which to realize
necessary for the said pur
aid debentures to extend over 4
twenty (20 years [from the

day of January, A. D, 1914,
secured in manner hereafter

‘> WHE

 

ug
WHEREAS the assessed value of
anid i unprovements in the City
Khupert according to the last re
ut roll, namely the assess
e year 191%, 18 the sum of
ele Millions, Two Hufdred and
sand =6Nine) Hundred and
Dollars $28,215,980,00)
WHEREAS

assess

the aggregate debt ow

be I the said City exclusive of debts
works of local improvement and
irposes does not exceed One Mii

. \
wn Two Hundred and Fourteen Thou

nd Dollars ($1,2414,000.00), nor does it
eed twenty per cent, (209) of the
Je of the assessed lands and improve
is) according to the last revised

Ssessment rail:

oh hae YO De” PaTSed tay roe ea

of paying the said debt and in
rest Will be Five Thousand One Hundred
id Twenty-one Dollars and Sixty-six
ents ($5,121.66) ;
AND WHEREAS the sum necessary for
we payment of interest during the cur

icy of the said debentures to be issued
ereunder is the sum of Thousand Doi
#3,000.00
AND

WHEREAS the sum to
annually by way of sinking
ischarge the deDt authorized to be
y this bylaw is ihe sum of Two
hid One Hundred and Twenty-one
id SiIXty-8ix Cents (82,191.66 and
proposed to set aside such annual
Phousand One Hundred
Dollars and Sixty-six Cents
by depositing. the same an
{ interest in a chartered bank o1
mipany th Canada, or by 4duvesting
me ih any manner that a municipal
ation may legally adopt;
’ WHEREAS the amount to be
is Ww sinking fund to pay the
1 is derived at by estimating the
\ \o be derived from the annual in
i f such sum at the rate of three
hall per «+ cent, (34% %) per

WHEREAS this bylaw
ive with the consent
Governor in Council;

THEREFORE THE MUNICIPAL

be set
fund &
created
Thou
bol

and

raised

cd on
num
AND be
ed the

cannot
le of
eutenant

NOW

WUNCIL OF THE CORPORATION OF THE
Ries PRINCE RUPERT ENACTS AS
1. This bylaw shall take effect’ on the
eS first (Sist) day of January, A. D.
:

It shall be lawful for the City of
fee Kupert to extend and improve the
reselit: municipal telephone system ac
rding to plans and specifications to be
repared by the Manager for the time
elie of the municipal telephone system,

to be approved of by the Council and

to be altered, amended or added
‘ng the construction of such exten
luipruvements, all such altera-
uendments and additions to be
a by the said manager, and = the
' Council, in the same manner as the
‘ikinal plans and spegifications, All such
‘dis and specifications together with any

ations, amendments or additions
ereto shall be fyled with the Manager
the Municipal telephone system, the
lent of this bylaw being that the City

' making the improvements to the City's
‘phone system shall do everything to
the same complete in every par-
cular,

For

the purpose of paying for the

Pald extensions perehy authorized the City
e

Prince Rupert is reby empowered to
vate @ debt of Sixty Thousand Doilars
*°0,000,00) which debt shall be payable

twenty (20) years from the «second

\d) day of January, A, D, 1014, and for
‘ich debt debentures shall be issued to
procured in manner hereinafter ap

ing;

‘ The sum of Three Thousand Dollars

U00.00) 18 neeessary for the payment

Bt ‘hlerest each year during the currency
0

sald debentures, and the sum of Two

housand One Hunded and Twenty-one
ollars and Sixty Gents ($2,121.66) is
essary to be set aside annually during

© currency
‘e purpose

of the satd debentures for
of forming @ sinking fund

  

bet Which to pay the said debt and de
rwlres at maturity, The said sum of
one, Phousand One Hundred and Twenty
¢ ‘lars and Sixty-six cents ($2,121,
fund jRe raised annually as a@ sinking
profits ww Such that together with the
ts tOruing from the — investment
one hat tie interest rate of three and
dia gtlt per tant, (84%) per annum
wi wk the currency of sad debentures
a. L& Sufficient to discharge the said
? When due;

'he said sum necessary to pay the

Func
ne

 

‘ia st Matnely, the sam of Three Thou
Dollars ($8,000.00) and the sinking
namely, the sum of Two Thousand
Hundred and Twenty-one Dollars anc
six Cents (Ra A GA RO) making to-
3 the sum of Five housand One
‘cred and = ‘Pwenty-one Dollars and
SIX Cents (86,121.66) shall be an-
raised as follows, namely, by a
; rate levied annually on all the
Able land of the City of Prince Rupert
© \e currency of the said deben
; and shall be ‘collected as municipai
i, and Placed to a Separate accounl
( Telephone Extension Account’;
the sald sum of Two Thousand One
‘red and Twenty-one Dollars and
ane Cents ($2,121.66) to be raised
a Y 48 a sinking fund shall be tn-
, py innually by the Clty Treasurer
2. fecommendation of the Council
‘ Securities or in such manner as is

ixt

ther

MALLY
becial

‘permitted by law, ineiudin
_ fore

recited investments;
7. There shall be issued

debentures to be made for such sums as
may be required for raising the said sum
or Sixty Thousand Dollars ($60,000.00);
and said debentures may be expressed

either in currency or stert
able in gold coin for not le
ceeding the said sum of
Dollars (860,00,00)

sold for

to have been properly
signed by the Mayor and t
the said City and shall be
corporate seal;

9. The said debentures
the Second (2nd) day of
ivi4, and shall contain a
the principal of the said
also the interest thereon
five per cent (5%) per
hail yearly, on the First
January and the First (1s
each year and may be
Coupons attached thereto f
of interest and in case ¢
attached to said
coupons shall be equivale
year’s interest at the rate ¢

 

the said debentures.
the
crued before
the difference
first payment of. interest,
pons shail be deemed
erly executed by each one
stamped, printed or
the ames of ‘the Mayor
the said City.
vered with the number
to which it is attached;
10. The said debentures
payable at any piace
United States or Canada th
ii, The amount of the
interest shail be payable
pisces in England, the
Canada therein set out;
12, The
pots attached
valid
land in the City of Prince ft
the City of Prince Hupert;
14. The amount of the
by this bylaw is subject
with the
laws of the said City passe
and sale of debentures, an
ing anything herein
and directing the issue
tures for the payment of
created the City of Prince
dated stock may be
and stead of the debenture
or the debt This section
in 80 far a8 the City may
by law so to do,
i4. Tt shall be
during the
to the Telephone
mentioned to borrow m
bank or other person wil
the sammie at interest to be
the purpose of paying for
sions and for such loan
the debentures to be
provided that such loan w
agreed to be paid to such
shall be repaid out of the
realized upon the sale of
tures The Councli may
tures at jess than par if it
sary or advisable to do so
PASSED THE
rHk CURKPORATION
PRINCE RUPERT
DECEMBER, 1918.
re DD
ERNEST A.

TAKE NOTICE that
copy of the
Phousand Dollars ($60,000
a vote of the municipality
the Council Chamber,
Fifteenth day of January,
the hour of 9;00 @. mm
4.00 v

in ca

the first
shall be

a

ot

 

 

  

the

to

lawful

PATTUL
W

the

OF THE Cl
AUTHORIZE
OF

A BYLAW
RUPERT TO
AND INSTALLATION
SYSTEM FUR
ENEKGY IN THE
PERT, CAABLE

SAE Ewer Or
TRICAL ENERGY
DEBT TO THE
DRED AND FIVE
$105,000.00

CITY ¢
or
arene ey
AND
EXTENT

WHEREAS at the
Prince Kupert
plant for the purpose
needs of the City of
and also for supplying
City of Prince Kupert;

AND WHEREAS the
installed onsisis of 4@
piaut;

AND WHEREAS the qua
cal energy Supplied by
fast becoming small f
ments of the ci and pri

AND. WHEREAS the
producing electrical
not economical;

AND WHEREAS
economical methods
tricity have already
other places and it
city Council of the
to take advantage of

AND) WHEREAS it

or

or

 

iupre
of
been

is

such
is de
electrical energy in the
Rupert, such system
as an auxiliary in case
obtain electrical energy
power system; either in ¢
down of

thereo!;

AND WHEREAS in
and instal such improved
it is necessary that a debt

AND WHEREAS the City
debentures for the amount
tended debt, being the
dred and Five Thousand
000.00) by the sale
monies necessary for
the said debentures
period of twenty (20

the
to
year

 

owing by the said City

purposes does not exceed
Hundred and Fourteen Tho
000,00),
per centum of the assessed
and improvements accord
revised assessment roll;

AND WHEREAS the
sary
ing the currency of the d
issued hereunder ts Five
Hundred and Fifty

AND WHEREAS the
be set aside annually
fund to discharge the
be created by this bylaw
Three Thousand Seven
Twelve Dollars and
(88,712.91) per annum, an
to set aside
ing the same annually @
chartered bank or trust
ada, or by investing the sa
ier that a municipal — ec
legally adopt;

by

annually for
is arrived at by

be derived from the annus

centum
this

(834%%) per
WHEREAS
save by the
Governor In

NOW THEREFORE
COUNCIL OF THE
PERT ENACTS
' 4. This bylaw
first day
shall be
Council of the
yurchase and
tupert improvements for
increasing the capacity
owned by the City,

half

AND
altered {
tenant Counct

TE

shall tak

Thirty
mm It lawful fo
City of P

e

of the City 1
pose intended, such new

 

currency or £20 sterling each, and not ex-
and the
tures shail be duly prepared, executed and
the purpose aforesaid;

8. The said debentures shall be
executed by

with

debentures each

shall be

(o%) per annum upon the
debenture to which they
ively attached, one coupon

payable each six months frum the date of
SIX months interest shall not have
day
adjusted
to have been prop-
iitthographed

kach soupon shall be num
in

United
said debentures

shall be
and binding charge upon the

debt authorized by any other by

contained
and sale

issued

construction of
System

issued

sell

MUNICIPAL

THE 29TH

proposed bylaw

city
A. D
until

m
ERNEST A. WOODS, City Clerk

GENERATING

PRODUCING

THOUSAND
present
operates

Prince
customers

sys

the

present
energy

producing
the
City of
an improved system for the production of
to be used hereafter
the
the water power system
the purpose of augmenting the usefulness

order

the Corporation of the City of Prince Ru
pert to the extent of One Hundred and
Five Thousand Doliars ($105,000.00)

sum of

of which

to be mentioned in this bylaw;

AND WHEREAS a petition has been
duly signed by the requisite number of
property holders of the City of Prince
Rupert to introduce this bylaw and the
same has been introduced pursuant to said
petition;

AND WHEREAS the assessed value of
the land and improvements and the real
property of the Municipality, according to
the last revised assessment roll, being the
assessment re}! for the year 109138, 18
Twenty-eight Millions Two Hundred and
Fifteen Thousand Nine Hundred = and
Eighty Dollars ($28,215,080.00)%

AND WHEREAS the aggregate of debts

exclusive of
for works of local improvement and school

nor does it exceed twenty (209%)

annual
for the payment of the

Dollars
sum

debt authorized

Ninety-one
such annual sum by deposit

company

AND WHEREAS the amount to be raised
the payment of
estimating the interest t
such amount at the rate of three and one
bylaw
consent
cITy OF
AS FOLLOWS:

of January,

instal in the City of Prince
of
viant

b introduced to be the one whieh at its

f installation shall be, in the opinion
me Council, the best for the pur

& the hereinbe

any number of

ing money pay
$3 than $100.00

Sixty Thousand
said debeu

deemed
being
he Treasurer ol
sealed with its

shall bear date
January, A. D.
promise to pay
debentures and
at the rate of
annum, payable
(1st day o
day of July
or without
or the payment
jupons shall be
of said
nt to one hall
of five per cent
amount of the
respect
being made

t)

the whole of
ac

next
thie

cou-

se
of July
in
The said
having written,
thereon
1d ‘Treasurer oj

the debenture
Shall be? made
England, the
yereiny sel out,
aid coupons tur
at any of the
States oF

the cou
deemed

ratable
Aupert and upou

and

debt authorized
to consolidation

2d for the issue
Gd notWithstand
authorizing
of deben
the debt hereby
HRapert consol
in the piace
8 to the amount
shall apply oily
be eluipuowereu

for the council
the extensions
hereinbefore
oney from any
ling to advance
agreed upon tor
the said exten
to hypothecat«
hereunde!
ith the interest
bank or person
sum of money
said deben
said deben
is found neces

the

Of
OU}
UF

COUNCIL
THE CITY
DAY

LO,

UUDS,

Mayor
Clerk

above is 4a trut
lo raise dSiALy

upon which
will be taken a@

Hall, on the
i9id, fron
the hour o

OF PRINCE,
PURCHASI
IMPROVED

ELECTRICAL

PRINCE Kt

FIVE

eresny®

ry
THE
AN

IF

CREATE A
ONE HUN
DOLLAKS

TO
OF

the City
an electrica
supplying = the
Kupert itsell
in the

time

Stem at
steam

present
driven

ntity of electri
said system tis
or the require
vale cCubsulers
sysiem
sleam 4

ol

by
and more
elec
introduced inte
desire of the
Prince Kupert
improvements ;
sirable to instal

ved

City of Prince
City should
from a water
ase of a break
or for

to purchase
auxiliary plant
be incurred by

intendsto issue
of the said in
One Hun
Dollars ($105,
to realize
said purposes,
extend over a
rs from the date

debts

Million Two
(8t,214,-

yne
usand

1 value of lands

ng to the last

neces-
dur

sum
terest
ebentu to be
Thousand Two
(65,250.00);
necessary to
of sinking
to
of
and
Cents
d it is proposed

 

 

way

is the sum
Hundred

t interest in a
in Can
me in any mat
ywrporation may

the said debt
ul investment of
annum;

cannot be
the Lieu

per

of
1;
1E MUNICIPAL
PRINCE Rl

e effect on the
A. D, 1014;
r the Municipal
rince Rupert to

the
the
the system

purpose of
present
to

(500) kilowatts

3. For the
purchase and in
Municipal Gounc
Rupert is
debt to the
Five Thousand

4. The whole
ed, namely the
Five Thousand
shall be
from the Secon
1914, for whien
issued and secu
appearing;

5. For
terest on
and Five
it is necessary

the
the 8
Thouse

00)
said debentures,
sary to raise ar
Thousand Seven
lars and Ninety
sum shall be set
currency of the
purpose of forn
which to pay
the said sum o
annually as a sir
logether with t
the Investment a

be placed to a s

The said sum
Hundred and
Cents (83,712
ing fund = shall

 

of the City Cou
such manner as

7. There shall
debentures to b
may be require
said sum of
sand Dollars
bentures may

(8
be
not less than
sterling
8. The
cuted by
Treasurer
corporate seal;
-9, The said a
the Second day
and shall conta
principal of the
the interest the
per centum per
half yearly, and

said
being
or the

of said interest,
be attached to
pons shall be
to one half year
upon the
which they
me coupon
¢ months
lebenture and
ence the said ir
able on the
First day of Ju
to arrange this
justed at
interest;

10. The said
to have been p
me having writ
ithographed — the
Mayor and
each coupon
number of
attached;

11. The said
payable at any
United States o

12. The amot
for interest
of the places in
or Canada there

13. The said
pons attached t

beir
fr

she
the

the Cl
said ¢

land
upon the
14, The
this bylaw

in

the issue and sa
withstanding a
directing the
for the paymen
the City of P
stock may be
stead of debents
debt This
far as the City
15 shall §
during the
the said system
row money fror
son willing
est to be agreec
paying for the
loan to bh
to be issued her
loan with the |
to such bank or
of the sums of
sale of the said
may sell the
par if it is
to do 80
PASSED
THE
PRINCE
DECEMBER,

It

fou
THE
RUPER
TD
TAKE

copy of
Hundred

NOTICE
and

municipality wil
Chamber, City |
of January, A, I
9:00 a. m. until

A BYLAW
TENSION OF
POLE LINE SY
PRINCE RUPER
THE CREATION
TENT OF FORT
LARS (845,000
SAME AND THE

TO

BENTURES

WHEREAS
the present Ur
power plant in
and from time
pole lines for
lighting, both
and for the dis
ergy for power
AND WHEREA

the

of the

AND WHEREA
necessary to be
Prince Rupert in

debt ar
Bight

the said
Thousand
Dollars and
25);

AND WHEREA
nave to be
pose of paying
debt will be th
two Hundred
250.00);

AND WHEREA
have to be raise
sinking fund fo
the sald debt
Thousand Five
Doll and

691.25

   

aside
Hundred and
Twenty-five
raised as sinking
positing the salir

Dominion of Ca
any manner tha

may ¢
AND WHEREA

by
from the annual

 

plant to be ca

pable of producing about

purpose

hereby
extent

payable

purpose

Two Hundred and Fifty Dollars
each year during the currency of the

the

Twelve
2.90)

one

debentures

 

coupons attached
for
amount

soa

for the

First

Treasurer

valid and binding charge

amount
is

Bait here tile

section

purchase

to advance

said

CORPORATION
1913
ERNEST A.
the proposed bylaw

#105,000.00) upon

 

WITH INTEREST

to add to the pole
ated by the City
inhabitants
Rupert may be more fully met;

Twenty-five Cents

raised

will

cents

a chartered bank or trust company

annually to pay the
estimating the interest to

—_=

 

—

 

five hundred
of electrical energy;

ot paying for the
Staliation of said plant the
lo of the City of Prince
authorized to ineur a
of One Hundred and
Dollars (8105,000.00);

of the debt hereby creat-
sum of One Hundred and
Dollars (8105,000,00)
in twenty years (20)
d day of djanuary, A. D.
debt debentures shall be
red in manner hereinafter

of paying the in-
sum of One Hundred
Dollars (#105,000,00)
raise. Five Thousand
($5,250.-

aid
and
to

and it is further neces
mually the sum of Three
Hundred and Twelve Dol-
Cents (88,712.90) which
aside annually during the
said debentures for the
ling @ sinking fund with
said debt at maturity,
f 83,712.90 to be raised
iking fund being such that
he profits accruing from
t the Interest rate of three

 

and one-half per cent. (34%) per annum
shall be sufficient to discharge the said
debt when due;

6. The said sum of Five Thousand Two
Hundred and Fifty Dollars (85,250.00)
necessary for the payment of interest
during the currency of the said deben-
tures and the sum of Three Thousand
Seven Hundred and Twelve Dollars and
Ninety Cents (#3,712.90) necessary to be
raised annually as a sinking fund shall be
raised as follows, namely: by a special
rate levied annually on all the ratable land
of the City of Prince Rupert during the
currency of the said debentures, and shall
be collected as municipal taxes and shall

eparate account,

of Three Thousand Seven
Dollars and Ninety
to be raised for a sink-

be invested annually by

the City Treasurer on the recommendation

in such
is permitted
be issued any
e made for such
ad for the raising of the
Hundred and Five Thou-
105,000.00) and such de
» expressed é@ither in cur

neil securities
by law;

number
sum as

of

rency or sterling, payable tn gold coin for
$100.00

currency or £20
shall be exe-
the Mayor and
sealed with its

signed by
> City and

date
1914
the
also

ebentures

shall bear
of January, A. D.

 
 
 

to pay
ntures and
the rate wf
(59%),
may be with or
thereto for the payment
and in case coupons shall
said debentures said cou
an amount equivalent
Ss interest at the said rate
of the debonture to
be respectively attached,
made payable each six
the date of the said
purpose of conven
iterest shall be made pay
day of January and the
ly in each year; in order
the matter shall be ad

aL
at
annum

reon

 

 

ie
om

the time of the first payment of

coupons shall be deemed
roperly executed by each
ten, printed, stamped, or
sreon the names of — the
of the said City, and
numbered with the
to which it is

all be
debenture
debentures shall be made
place in England, the
r Canada therein set out;
mt of the said coupons
be made payable at any
England, the United States
in set out;
debentures and
hereto shall be
upon

any cou
deemed a
the ratable
Prince Rupert and
of Prince Rupert

of the debt authorized
subject to consolidation
a aR pbs PoE
ale of debentures, and not-
nything herein coneained
and sale of debentures
t of debt hereby created,
rince Rupert consolidated
issued in the place and
jres to the amount of such
shall apply only in so
Prince Rupert may be

ty of

ity

of

empowered by law to do a

for the Council
and installation of
authorized to bor-
bank or other per-
the same at inter-
for the purpose of
said extensions and for
ypothecate the debentures
eunder, provided that such
nterest agreed to he paid
person shall be repaid out
money realized upon the
debentures The Coaneil
debentures at than
necessary or advisable

ye lawful

hereby
nm arty

1 upon

less

nd
COUNCIL
cITY
DAY

OF
OF
OF

MUNICIPAL
OF THE
T, THIS 29TH
PATTULLO, Mayor

Woons, Clerk.
the above is a true
to raise One
Dollars
or the
Counell
day
of

that

Thousand
which a vote
| be taken at the
fall, on the Fifteenth
). 19144, from the hour
the hour of 7:00 p, m

Five

ERNEST A. WOODS, City Clerk

PROVIDE FOR THE EX
THE ELECTRIC LIGHT
STEM IN THE CITY OF
T AND TO AUTHORIZE
OF A DEBT TO THE EX
Y-FIVE THOUSAND DOL
00 TO PAY FOR THEI
URING OF THE SAME
BY THE ISSUE OF DE-

 

City of Prince
ne operates an electric
the City of Prince Hepert
to time have constructed
the purpose of electric
municipal and otherwise
tribution electrical en
purposes;

S it has become necessary
lines at preseut oper-
so that the requirements
of the City of Prince

Rupert at

of

S the amount of the debt
incurred by the City of
order to make the weces

     

sary extensions to, the said pole lines is
the sum of $45,000.00, Forty-five Thou-
sand Dollars,

AND WHEREAS it is proposed to raise
the said sum of Forty Thousand J.cllars
(845,000.00) by the issue of jebentures
as hereinafter mentioned, payable in
twenty (20) years from the second day
of January, A. D. 1914, and beactng ip
terest at the rate of five per cent, (5%)
per annum;

AND WHEREAS the total amount to be

raised annually for the purpose of paying

be Three
Forty-one
($3,841.-

interest will
and

ud
Hundred

S the amount which will
annually for the pur-
the interest on the said
e sum of fwo Thousand
and Fifty Dollars (§2,-

amount which will
1d annually by way of a
yr the purpose of paying
be the sum of One
Hundred and Ninety-one
wenty-five Cents (#1,-

s the

AND WHEREAS it is proposed to set
the said sum of One Thousand Five

Ninety-one Dollars and
(37,501.2f) se to he
fund as aforesaid by de-
re annually at interest in
in the
nada, or by investing in
t a municipal corporation

legally adopt;

S the amount to be raised
said debt is arrived at
be derived

at the rate of three and one-half per cent.
(844%) per annum;

AND WHEREAS the total amount of
ratable land and improvements in the City
of Prince Rupert according to the last
revised assessment roll, namely the assess-
ment roll for the year 1913 is Twenvy-
eight Millions Two Hundred and Fifteen
Thousand Nine Hundred and Eiglity Dol-
lars (828,215,980.00) ;

AND WHEREAS the aggregate debt ow
ing by the said City exclusive of debts
for works of local improvement and school
purposes does not exceed One Million
Two Hundred and Fourteen Thousand
Dollars (81,214,000.00) nor does it wa
ceed twenty per cent. (20%) of th® value

of the asseased lands and improvements
according to the last revised assessment
roll;

AND WHEREAS this bylaw cannot be
altered save with the consent of the Lieu-
tenant Governor in Council; f

AND WHEREAS @ petition duly signed
by the required number of property own-
ers of the said City requesting the Muni-
cipal Council to introduce this bylaw has
been presented to the City Council and
this bylaw has been introduced pursuant
to this petition;

NOW THEREFORE THE, MUNICIPAL
COUNCIL OF THE CITY OF PRINCE RU-
PERT ENACTS AS FOLLOW

 

 

   
    

1. This aw shall take effect on the
Thirty-first day of January, A. D. 1914;
2. It shall be lawful for the City of
Prince Rupert to erect extensions to the
present electrical pole system so as to
meet the requirements of the inhabitants

\upert, such exten-

of the City of Prince I
the Superintendent

sions to be laid out by

of Lighting of the City of Prince Rupert,
subject to the approval of the Municipal
Counell of the City of Prince Rupert, The

ans for such extensions shall be pre-
pared by the Superintendent of Lighting,
approved by the Council and fyled in the
office of the said Superintendent of Light

ing. The said plans may from time to
time be altered or added to and in case
of any such alteration or adition the said
plans shall be also approved jn the same

manner as the original plans and shall be
fyled in a -similar manner;

3. For the purpose of paying for the
said extensions hereby authorized the City
of Frince Rupert is hereby empowered to
create a debt of Forty-five Thousand Dol-

lars ($45,000.00) which debt shall be
payable in twenty (20) years from the
second day of January, A. J. 1914, for
which debt debentures shal! be issued to

be secured in manner hereinafter appear-
ing;

4. The sum of Two Thousand Two
Hundred and Fifty Dollars ($2,250.00) is
necessary for the payment of interest each

 

year during the Currency of the said de-
bentures and the sum of One Thousand
Five Hundred and Nine one Dollars and
Twenty-five Cents ($1 1.25) is neces-
sary to be set aside annually during the
currency of the said debentures for the
purpose of forming a sinking fund with

which to pay the said debt and debentures
at maturity, the said sum of One Thou
sand Five Hundred and Ninety-one Dollars
and’ Twenty-five Gents ($1,591.25) to be
raised annually as a sinking fund being
such that together with the profits aecru

ing from the tnvestment thereof at the
interest rate of three and one-half per
cent. (344%) per annum during the cur-
rency of said debentures will be suffi-
cient to discharge the said debt when
due;

The said sum necessary to pay un?
lwo Thousand
($2,260.-

.

”.
interest, namely, the sum of
Two Hundred and Fifty Dollars

 

 
 

00) and a sinking fund, namely, the sum
of One Thousand Five Hundred and
Ninety-one Dollars and Twenty-five Cents
($1,591.25) making together the sum of
Three Thousand Eight Hundred and Forty-
on Dollars and Twenty-five Cents
$3,841.25) ‘shall be annually raised as

follows, namely, by a special rate levied
annually on all ratable land of the City of

Prince Rupert during the currency of the
said debentures and shall be collected as
municipal taxes, and placed to @ separate
account called “Pole Line Extension

Account,”

6. The said sum of One Thousand Five
Hundred and Ninety-one Dollars and
Twenty-five Cents $1,591.25) to be
raised annually as a sinking fund shall
be invested annually by the City Treas-
urer upon the recominendation of the
Council in such securities or in such
manner as is permitted by law, including
the hereinbefore recited investments;

7. There shal! be issued any number of
debentures to be made for such sums 4s
may be required for raising the said sum
of Forty-five Thousand Dollars ($45,000,-
Op) and said dehenturss may be expressed
either Ih currency or Sterling money, pay-
able in gold coin, for not less than $100.00

currency or ,£20 sterling each, and not
exceeding the said sum of Forty-five
Thousand Dollars ($45,000.00) and the
said debentures shall be duly prepared,

ee and sold for the purpose afore-
said;

8. The said debentures shall be deemed
to have been properly executed by having
been signed by the Mayor and the Treas-
urer of the said City and shall be sealed
with its corporate seal;

9. The said debentures shall bear date
the Second day of Jamuary, A. D. 1914,
and shall contain a promise to pay the

principal of the said debentures and algo

 

the interest thereon at the rate of five
per cent. (6%) per annum, payable half
yearly, annually, on the First day of Janu-

 

ary and the First day of July in each year
and may be with or without coupons
attached thereto for the payment of in-
terest, and in case coupons shall be at-
fached to said debentures such coupons
shajl be equivalent to one half year’s in-
terest at the rate of five per cent. (5%

per annum upon the amount of the de-
benture to which they shall be respec-
tively attached, one coupon being made
payable each six months from the date of
the said debentures. In case the whole
of the six months interest shall not have
accrued before the First day of July next
teh difference shall be adjusted in the
first payment of interest, The said cou

pons shall be deemed to have been prop-
erly executed by each one having written,
Stamped, printed or lithographed thereon
the name of the Mayor and Treasurer of
the said City. Each coupon shall be num-
bered with the number of the debenture
to which it ts attached;

10. The said debentures shall be made
payable at any place in England, the
United States, or Canada, therein set out;
11. The amount of the said coupons for
interest shall be payable at any of the
places in England, the United States or
Canada therein set out;

12, The said debentures and the cou-
pons attached thereto shall be deemed a
valid and binding charge upon the rateble
land in the City of Prince Rupert and upon
ihe City of Prince Rupert;

18. The amount of the debt authorized,
by this bylaw is subject to consolidation
with the debt authorized by any other by-
laws of the said City passed for the issue
and sale of debentures, and notwithstand-
ing anything herein containe dauthorizing
and directing the issue and sale of deben-
tures for the payment of the debt hereby
created the Gity of Prince Rupert consoli-
dated stock may be issued in the place and
stead of the debentures to the amount of
the debt, This section shall apply only
in so far as the City may be empowered
by law so to do.

14. It shall be tawful for the Council
during the construction of the pole line
System hereinbefore mentioned to borrow
money from any bank or other person
willing to advance the same at interest to
be agreed upon for the purpose of paying
for the said extensions and for such loan
to hypothecate the debentures to be issued
hereuned, provided that such loan with
the interest agreed to be paid to such
bank or person shall be repaid out of the
sums of money realized upon the sale of
the said debentures. The Council may sell
the said debenutres at less than par if it
is found necessary or advisable to do so.
PASSED BY THE MUNICIPAL COUNCIL
OF THE CITY OF PRINCE RUPERT THIS
29TH DAY OF DECEMBER, 1913.

T. D. PATTULLO, Mayor,
ERNEST A. WOODS, Clerk

OTICE that the above is a true
the proposed bylaw to raise
Thousand Dollars (845,000.00)
upon which a vote of the municipality
will be taken at the Council Chamber,
City Hall, on the Fifteenth day of January,
A. D, 1914, from the hour of 9:00 a. m,
until the hour of 7:00 p, m,

ERNEST A. WOODS, City Clerk

BYLAW

  
 

TAKE
capy of
Forty-five

  

 

THE

 

OF CITY OF PRINCE
29 AUTHORIZE THE CON
R OF A_ CITY BUILDING ON
FULTON S8TRERT POR MUNICIPAL PUR-
POSES AND FOR CREATING A DEBT OF
FIFTY THOUSAND DOLLARS (850,000.00)

TO PAY FOR THE SAME, AND TO SE-
CURE THE SAID DEBT BY THE ISSUE
OF DEBBNTURES;

WHEREAS the City of Prince Rupert
has lately graded a piece of ground on
puion Street adjoining the present City
all;

AND WHEREAS the present accormmo-

ments of the City of Prince Rupert is in
sufficient and it is deemed advisable to
erect a building upon the said piece of
land Tor the purpose of providing addi
tional accommodation for the use of the
various Municipal institutions;

AND WHEREAS for the purpose of pay

ing for such butiding the sum of Fifty
Thousand Dollars (850,000.00) will be
required, and it is deemed advisable to

provide that sum by the issue of deben-
tures extending over a period of twenty
(20) years, and bearing interest at the
rate of five per cent. (5%) per annum;

AND WHEREAS a petition duly signed
by the required number of preperty own
ers of the said City requesting the Muni-
cipal Council to introduce this bylaw has
been presented to the City Council and
this bylaw has been introduced pursuant
to this petition;

AND WHEREAS the
the land and improvements
cipality according to the last revised
assessment roll, namely, the assessment
roll for the year 1913, is Twenty-eight
Millions Two Hundred and Fifteen Thou
sand Nine Hundred and Eighty. Dollars
($28,215,980.00) ;

AND WHEREAS the aggregate debt ow
ing by the said City exclusive of debts
for works of local improvement and school
purposes does not exceed One Million Two
Hundred and Fourteen Thousand Dollars
($1,214,000.00) nor does it exceed twenty
per cent. (26%) of the assessed value of
lands and improvements according to the
last revised assessment roll;

AND WHEREAS the annual sum neces
sary for the payment of the interest dur-
ing the currency of the debentures to be
Issued hereunder is Two Thousand Five
Hundred Dollars ($2,500.00);

AND WHEREAS the sum necessary to
be set aside annually by way of sinking
fund to discharge’the débt authorized to
be created by this bylaw is the sum of
One Thousand Seven Hundred and S:xty-
eight Dollars and Five Gents ($1,758.05
per annum, and it is proposed to set aside
such annual sum by depositing the same
annually 4t interest in a chartered bank
or trust company in Canada, or by invest
ing the same in any manner that a muni-
cipal corporation may legally adopt;

AND WHEREAS the amount to be raised
annually for the payment of the -aid debt
is arrived at by estimating the interest to
be derived from the annual investment of
such amount at the rate of three and one-
half per centum (344%) per annum;
AND WHEREAS this bylaw cannot be
altered save by the consent of the Lieu-
tenant Governor in Council;

NOW THEREFORE THE Vil
COUNCIL OF THE CITY OF PRIN(
PERT ENACTS AS FOLLOWS:

1. This bylaw shal! take effert
Thirty-first day of January, 4. bb. itd:
2. It shall be lawful ‘ur the “Corporation
of the City of Prince Rupert to erect on
the hereinbefore recited piece of land the
property of the City of Prince Rupert @
public building to be used for the accom-
modation of the various municipal institu-

assessed value of
of the Muni-

 

  

aL
u-

“n the

 

tions of the City of Prince Rupert, such
bublic building to be according to plans
and specifications to be prepared by the

City Engineer, and, approved by the Muni-
cipal Council of the City of Prince Rupert;
which plans may from time to time be
altered, amended or added to during the
construction of said work if the said
Municipal Council shall see fit; in any of
such cases the plans of such alterations,
amendments or additions shall be approved

municipal institutions of the City;

3. For the purpose of paying for the
construction of the said building hereby
authorized the City of Prince Rupert is
hereby empowered to create a debt of
Fifty Thousand Dollars ($50,000.00)
which debt shall be payable in twenty
(20) years from the Second day of Janu-
ary, A. D. 1914, for which debt deben-
tures shall be issued and secured in a
manner hereinafter appearing;

annually during thé currency of the said
debentures for the purpose of forming @
sinking fund with which to pay the said
debt and debenture at maturity. The
said sum of One Thousand Seven Hundred
and Sixty-eight Doliars and Five Cents
($1,768.05) to be raised annually as @
sinking fund being such that together
with the profits accruing from th einvest-
ment thereof at the interest rate of three
and one-half per cent. per annum during
the currency of the said debentures shal!

be sufficient to discharge the said debt
When due;
5. The said sum necessary to pay the

said interest of Two Thousand Five Hun-
dred Dollars ($2,500.00) and sinking fund
of One Thousand Seven Hundred and
Sixty-eight Dollars and Five Cents (81,-
768.05), making together the sum of Four
Thousand Two Hundred and _ Sixty-eight
Dollars and Five Cents ($4,268.05) shall
be annually raised as follows, namely: by
a special rate ievied annually on all the
ratable land in the City of Prince Rupert
during the currency of said debentures
and shall be collected as municipal taxes,
and placed to a separate account called
“Municipal Building Account.” The said

Council in such securities or in such man-
ner as ts permitted by law, including the
investments heretnbefore mentioned;

6, There shall be issued any number of
debentures to be made for such sums as
may be required for the raising of the
said sum of Fifty Thousand Dollars,
and the said debentures may be ex-
pressed either in currency or in sterling
money, and shall be payable in gold coin
for not less than $100.00 currency or £20
each, and not exceeding in the whole the
sum of Fifty Thousand Dollars ($50,000.-
00) and the said debentures shall be duly
prepared, executed and sold for the pur-
poses aforesaid. The said debentures
shall be deemed to have been properly
executed by having been signed by the
Mayor and the Treasurer of the City and
shall be sealed with its corporate seal;

7. The said debentures shall bear date
the Secohd day of January, A, D. 1914
and shall contain a promise to pay the
principal of the said debentures and also
the interest thereon at the rate of five
per Cent. (59) per annum, payable half-
yearly, on the First day of January and
the First day of July in each year and
may be with or without coupons attached
thereto for the payment of interest and tn
ease coupons shall be attached to said de-
bentures such coupons shall be equivalent
to one half year’s interest at the rate of
five per cent (5%) per annum upon the
amount of the debenture to whieh they
shall be respectively attached, one coupon
being made payable each six months from
the date of the said debentures. In case
the whole of the six months interest shall
not have accrued before the First day of
July, nexf, the difference shall be adjusted
in the first payment of interest. The said
coupons shall be deemed to have been
properly executed by each one having
written, stamped, printed or lithographed
thereon the names of the Mayor and
Treasurer of the said City, Each coupon
shall be numbered with the number of
the debenture to which it is attached;

8. The said debentures’ shall be made
payable at any place in England, the
United States, or Canada therein set out;
9. The amount of the said coupons for
interest shall be payable at any of the
places in England, the United States, or
Canada therein set out;

10. The said debentures and the cou-
pons attached thereto shall be deemed a
valid and binding charge upon the ratable
land in the City of Prince Rupert and
upon the City of Prince Rupert.

11. The amount of the debt authorized
by this bylaw ts subject to consolidation
with the debt authorized by any other
bylaws of the said City passed for the

issue and sale of debentures, and not-
withstanding anything herein contained
authorizing and directing the issue and

sale of debentures for the payment of the
debt hereby created the City of Prince
Rupert consolidated stock may be issued
in the place and stead of the debentures
to the amount of the debt. This section
shall apply only in so far as the City ma)
be empowered by law so to fo.

12, It shall be lawful for the Council
during the construction of the building
hereinbefore mentioned to borrow money
from any bank or other person willing 40
advance the same at interest to be agreed
on for the purpose of paying for the said
building and for such loan to hypothecate
the debentures to be issued hereunder,
provided that such loan with the interest
agreed to be paid to such bank or person
shall be repaid out of the sums of money
realized upon the sale of the said deben-

 

OPTIMISM RULES AS
SMITHERS SPEAKS

Chairman of the Grand Trunk
Has Glowing Words for
Canada

London, Jan. 7.—Speaking at
the Wolfe birthday dinner, Al-
fred W. Smithers, chairman of
the Grand Trunk Railway, re-

marked that there are some peo-
ple in this
somewhat

take up the
growing too
“IT do not think they realize
that Canada has been going
through a most dificult time for
the last eighteen months,” said
Mr. Smithers, ‘‘The crisis they
talk of is to a great extent pass-
ed. Canada was caught like a
ship carrying full sail in a storm
of scarce and dear money. I say
unhesitatingly she stood ~ the
strain magnificently, and I do
not know any other country so
suddenly confronted by such dif-
ficulties which has ever come
through such a period so well.

“It may be necessary for the
whole world to go «slower for a
white till capital again aecumu-
lates, but that will soon happen
and I am sure no country will
take a longer or surer stride for-
ward than Canada. I will urge
my countrymen to go out there
and see for themselves and I
am certain that as intercourse
increases between the people of
Canada and the Motherland, the
greater will be » the prosperity

country today

parrot-lik?
ery that
fast.

in a
fashion
Canada

is

both will attain.

 

B. C. LEADS PROVINCES
"IN FISHING INDUSTRY

Easily Ahead of Other Provinces
in Fishing Industry

1.—The

as above provided for as to the —— Ottawa, Jan. annual
plans, the intent of this bylaw being that] ,,, aks : .

the City in constructing the said bullding| ! port of the fisheries depart-
hereby authorized shall have full author-| ment last week shows it-
ity to make the said building such as will]. — ip 5 sh Ww that Brit
best meet the requirements of the various|}ish Columbia easily leads the

provinces in the value of its fish-
ing industry. The total market

value of the fisheries of the prov-

ince for last year was $14,455,-
488. This. is an increase of
$778,363 over the total for the
preceding year and establishes a

4. The sum of Two Thonsand Five .
Hundred Dollars ($2,500.00) is necessary;new record. The salmon catch
for the payment of interest each year dur- ‘as ¢c j .
ing the currency of said debentures and was consider ably greater than
the sum of One Thousand Seven Hundred that of the previous year, but its
and Sixty-eight Dollars an ve Cents},. ra i
($1,768.05) is necessary to be set aside value was over $300,000 less.

This falling off in value was due

to the fact that a large propor-
tion of the cateh eonsisted. of-
humpbacks and other inferior
kinds, which of course sold at
much lower rates than the sock-
eyese The herring catch was
much greater, the increase in
value being over $600,000.

The value of the halibut fish-
ery shows an increase’ of over
600,000 owing to a largely in-
creased catch. As an-evidence of
the rapid advance of the halibut
fisheries in British Columbia in
recent years, it may be pointed
out that four years ago its an-
nual value had not reached one

sum of One Thousand Seven Hundred and} millio oO ns

Sixty-eight Dollars and Five Cents (81,-] oe a lars. Last or the
768.05 to be raised for sinking fund shall] Value in round figures was
be invested annually by the City Treas-} g9 500.000

urer upon the recommendation of the pa : 4

 

Fear Karluk Is Lost.

 

New Bedford, Mass., Jan. 4.—
The fear that the Karluk, one of
the vessels of the Stefansson ex-
pedition, was doomed was _ ex-
pressed by Stephen Cottle in a
letter written Oct. 43, and just

rectived here. Cottle was on
board the steamer Belvidere,
which was held fast in the ice

ten miles off Demarkation Point,
Alaska.

“Dr. Anderson,” he wrote, “is
stuck about seventy miles west
of us with the two small vessels
of the Stefansson expedition; the
Kar'uk was last seen about ten
miles off shore off Flaxman
Island, four days ahead of us.
We can get no further news from
them and I am very much afraid
it is the last of the Karluk. ,We
are in hopes that the crew has
been able to make a place of
safety to the east of us.”

’

 

Municipal ownership means. all
Public utilities within the city
limits owned by the city. Under
this agreement the city owns all
its public utilities inside the city
limits. tf

————
bentures at less than par if it is found
necessary or advisable to do so.

PASSED THE MUNICIPAL COUNCIL OF
THE CORPORATION OF THE CITY OF
PRINCE RUPERT THIS 29TH DAY OF
DECEMBER, 1913.

T. D. PATTULLO, Mayor,

ERNEST A, WOODS, Clerk.
TAKE NOTICE that the above is a true
copy of the proposed bylaw to raise Fifty
Thousand Dollars ($60,000.00) upon
which @ vote of the Municipality will be
taken at the Council Chamber, City Hall,
on the Fifteenth day of January, A. D.
1914, from the hour of 9:00 a m, until
the hour of 7:00 p. m,

ERNEST A, WOODS, City Cle

 

 

Calgary is a strong municipal
ownership city; owns all its pub-
lic utilities, including street car
system; Calgary buys power in
bulk at the city limits and pays
higher rates than the rates in

 

 

 

 

investment of such sum

dation fer the various municipal depart-

tures, The Council may sell the said de-

this agreement. tf

DOES C. P. R. INTEND
TO TAP PEACE RIVER

Report That Its Nest Egg Will
Be Spent on Line to North

 

 

Ottawa, Jan. 5—-Speculation
been rife during the last
couple of weeks at Oltawa as to
what the Canadian Pacific Rail-
way intends to do with the $42,-

has

000,000 nest egg which it w tl
have by its latest financing.
With the ©. N. R. proposal

eliminated there are several pos-
sible theories.’ The most like'y
and the one which it is believed is
correct is that the C. P. R. is
planning an aggressive construc-

tion campaign in Northern Sas-
katchewan, Northern Aelberta,
and Northern British Columbia.

The only part of the west which
the G, P, R.-does not tap is the,
great northern stretch through
the fertile Peace River country

and the great agricultural
stretches of northern’ British
Columbia. Both the C. N. R. and

G. T. P. are laying steel or se-
curing charters in every direc-
tion, and it is generally believed
thatthe C. P. R. is planning an
invasion of the north.

 

STARTED TWO DRIFTS

 

Portland Canal Tunnels Co. to
Do Extensive Develop-

 

At the close of 1913 The Miner
is in a position to announce some
excellent news from the work
now going forward at the Port-
land Cana! Tunnels property.
According to General Manager
W. J. Elmendorf, who returned
to the camp last week a drift has
been started north on the Num-
ber One vein into the Lucky Boy
ground of the Glacier Creek Min-
ing Co., Lid., and south on the
Number Two vein on the Melba,
owned by the Tunnels company,
but approaching the Portland
Canal Mining Company’s Riehard
the Seeond claim. The big bore
is also being continued ahead to
cross the fissured zone and is. in
over 2,860 feet.

The general manager states
that the Number One vein is over
100 feet in width and was struck
by the tunnel when in a distance
of 2,300 feet from the portal.
The Number Two vein measures
a width of 40 feet, being almost
solid quartz, and was encoun-
tered in a distance of 2,600 feet.
Neither vein was well mineral-
ized at the point of contact, but
both carried some galena and
pyrite. Drifting, he hopes, will
encounter an ore body at any
time now.—Portland Canal Min-
er. e

A Public Auction

will be held at the Prince Rupert
Planing Mills, Ltd., on the corner
of Fifth and Fraser streets,
Prince Rupert, B. C., on Monday
the 12th of January, 1944, at 2
o'clock p. m., consisting of the
following described plant and of-
fice furniture: 1 Rowley & Her-
mance 12-inch moulder, 4 Her-
mance 7-inch moulder, 4 sash
sticker, 1 36-inch single drum
sander, 1 24-inch surfacer, 1 32-
inch band saw, 4 arnsander 14
saw table, 4 chain mortiser, 4
single-end tenoning machine, 14
power mortiser with chisel, 14
spindle shaker, 1. 12-inch jointer,
1 heavy door clamp, 1 wood lathe,
1 boring machine, 4 412-horse-
powe rmotor, 1 412-horse power
motor, lumber, sash, doors, glass,
etc.

 

 

 

GEO. LEEK
will sell the same.
TERMS CASH

Inspection can be made at any
time before sale of goods.

For Sale

ROOMING HOUSE
$1500.00

One of the best business
corners in town, on Third
Ave.; clears from 8300 to
$400 per month. Lease.
ALL ROOMS OCCUPIED
“NOW.”

Exclusive Agents

WM. G. YOUNG

INVESTMENT CO.
224 6th St. Phone 19

Open Ovenings 7 to 9