3. After the coming into force of the by-law, the council may, through the county corporation or regional county municipality exercising jurisdiction in the municipality in real estate assessment, order the assessor of that corporation or regional municipality to make, under his oath of office, the appraisal of the buildings, inserting in separate columns, on a special roll prepared for that purpose:(1) A succinct description of each building situated upon any taxable land in the municipality;
(2) The value of each such building, and all information required by the council.
The council may fix, by by-law, the maximum amount of insurance which may be granted upon any kind or kinds of property which may be insured.
R. S. 1964, c. 295, s. 42; 1979, c. 72, s. 326.