BYLAW NO. 15

A bylaw for imposing taxes upon lands in the improvement district and to provide for imposing a percentage addition to encourage prompt payment thereof.

The Trustees of Razor Point Improvement District ENACT AS FOLLOWS:

1. For the year 2013 there is hereby levied a tax of $ 300.00 (Three hundred dollars) on all parcels of land classified into Group “1”.

2. The aforementioned taxes are due and payable on or before the 31st day of October, 2013 and will have a percentage addition of 5 percent (5%) added to all taxes remaining unpaid after the said date.

3. In addition, taxes remaining unpaid on the 1st day of March next following the date upon which the taxes are levied will bear interest at the rate prescribed by the Lieutenant Governor in Council under the Taxation (Rural Area) Act, as set out under Section 760 of the Local Government Act.

4. This bylaw repeals Bylaw No. 13.

5. This bylaw may be cited as the “Taxation Bylaw, 2013”.

INTRODUCED and given first reading by the Trustees on the 9th day of July, 2013.

RECONSIDERED and finally passed by the Trustees on the 9th day of July, 2013.

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Chair of the Trustees

Lynda Challis

I hereby certify under the seal of Razor Point Improvement District that this is a true copy of Bylaw No. 15 of Razor Point Improvement District, passed by the Trustees on the 9th day of July, 2013.

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Administrator of Trustees

Ann Douglas