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C-19 - Cities and Towns Act

Section 448
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448. (Repealed).
R. S. 1964, c. 193, s. 458; 2005, c. 6, s. 194.
448. The council may, by by-law, in order to meet the interest on the sums expended in introducing a system of lighting, and to establish a sinking-fund, impose on all the owners or occupants of houses, shops or other buildings, an annual special tax, on the assessed value of such houses, buildings or establishments, 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. 458.
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