WHEREAS the Council of the Regional Corporation, has by Resolution 91-439-13 adopted on 24th October, 1991, authorized an amendment to By-law Number 86-88 titled "A by-law to authorize watermain replacement works on Strathy Avenue, Fourth Street, Casson Avenue, Gardner Avenue and Ella Avenue in the City of Mississauga" under Project 88-1530 to provide for a revised debenture funding;

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

1. That Section 3 of By-law Number 86-88 is hereby repealed and the following substituted therefore:

"3. (a) the amount of $172,196.00 shall be provided from Unapplied Capital Receipts; and

(b) the sum of $102,804.00 shall be raised by the issue and sale of debentures by the Regional Corporation for a period not exceeding fifteen (15) years bearing interest at a rate to be determined at the time of the passing of a by-law to authorize the issuance of debentures."

READ THREE TIMES AND FINALLY PASSED IN OPEN COUNCIL this 23rd January, 1992.