C-19 - Cities and Towns Act

Full text
429. (Repealed).
R. S. 1964, c. 193, s. 439; 2005, c. 6, s. 194.
429. The council may, by by-law, in order to meet the interest on the sums expended in the construction of waterworks, public wells, cisterns or reservoirs, and to establish a sinking-fund, impose on all the owners or occupants of houses, shops or other buildings, an annual special tax at a rate to be fixed by it, on the assessed value of each house, shop or building, including the land.
The sinking-fund created by virtue of this section shall be invested and managed in the same manner as that mentioned in section 548.
R. S. 1964, c. 193, s. 439.