THE REGIONAL MUNICIPALITY OF PEEL

BY-LAW NUMBER 90-91

A by-law to appoint auditors for the Regional Corporation.

WHEREAS the Council of the Regional Corporation has on May 24, 1990, by By-law Number 35-90 appointed Deloitte & Touche as auditors for the Regional Corporation;

AND WHEREAS Section 103 of the Municipal Statute Law Amendment Act, 1991, S.O. 1991, Chapter 15 (hereinafter referred to as the "Act"), provides that the appointment of a person who is a municipal auditor of a municipality, including a regional municipality, on June 27, 1991 is revoked on the 1st day of January 1992;

AND WHEREAS Section 68 of the Act amends subsection 24(1) of the Regional Municipality of Peel Act, R.S.O. 1980, as amended, to require that the Regional Council shall by by-law appoint for a term of five years or less one or more auditors licensed under the Public Accountancy Act who shall audit the accounts and transactions of the Regional Corporation and of every local board of the Regional Corporation, except school boards;

AND WHEREAS it is desirable that notwithstanding the revocation of the appointment of Deloitte & Touche effective on the 1st day of January 1992, by operation of the Act, that Deloitte & Touche continue to act as auditors for the Regional Corporation to complete the audit of the accounts and transactions of the Regional Corporation and of every local board of the Regional Corporation for the fiscal year ending December 31, 1991;

AND WHEREAS the Council of the Regional Corporation has by resolution on 24th October, 1991 authorized the appointment of Deloitte & Touche as auditors for the Regional Corporation.

NOW THEREFORE the Council of the Regional Corporation enacts as follows:

1. That Deloitte & Touche are hereby appointed auditors for the Regional Corporation for a term ending on June 30, 1992 to audit the accounts and transactions of the Regional Corporation and of every local board of the Regional Corporation, except school boards, for the fiscal year ending December 31, 1991.

2. That the auditors shall perform such duties as are prescribed by the Ministry of Municipal Affairs and also such duties as may be required by the Regional Council or other local board of the Regional Corporation that do not conflict with the duties prescribed by the Ministry and shall have such duties completed by June 30,1992.

3. That By-law Number 35-90 is hereby repealed.

READ THREE TIMES AND FINALLY PASSED IN OPEN COUNCIL this 24th October, 1991.

Regional Clerk and Director of Administration, Acting Chairman