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The text covers funding source, timing of disbursement upon receipt of a promissory note, acknowledgement of debt-limit impact, and potential actions upon default, plus promissory note provisions on repayment terms, late fees options, payment location, prepayment, default costs, acceleration, modification, transfer waiver, severability, and governing law.",{"@graph":14,"@context":72},[15,34,55],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/template/","Template",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/template/letters/","Letters",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/template/lending-bylaw-loan-agreement-template/162898/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/lending-bylaw-loan-agreement-template/162898.png","ImageObject",442,249,{"name":42,"@type":43},"Emma Wilson","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/vnd.openxmlformats-officedocument.wordprocessingml.document","2026-09-20","2026-08-30",true,{"@type":52,"interactionType":53,"userInteractionCount":33},"InteractionCounter",{"@type":54},"ViewAction",{"@type":56,"mainEntity":57},"FAQPage",[58,64,68],{"name":59,"@type":60,"acceptedAnswer":61},"What does the lending bylaw authorize the municipality to do?","Question",{"text":62,"@type":63},"It authorizes a municipal loan to a specified borrower for a defined amount in Canadian currency, for an identified purpose, with specified term and interest terms.","Answer",{"name":65,"@type":60,"acceptedAnswer":66},"When can the municipality disburse the loan funds?",{"text":67,"@type":63},"Funds cannot be disbursed until the borrower’s authorized officers provide a promissory note appended to and forming part of the bylaw.",{"name":69,"@type":60,"acceptedAnswer":70},"What happens if the borrower defaults under the promissory note?",{"text":71,"@type":63},"The borrower agrees to pay collection costs and reasonable attorney fees, and the note may be accelerated so the entire balance and accrued interest become immediately due to the holder.","https://schema.org",{"og:url":32,"og:type":74,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":76,"canonical":32},"index,follow",{"doc_id":78,"site_id":7},162898,1788133704,{"code":4,"msg":81,"data":82},"success",[83,88,93,98,103,108,113,117,122],{"id":84,"doc_module":22,"doc_module_name":25,"category_name":85,"show_sort_weight":86,"slug":87},11,"Presentations",90,"presentations",{"id":89,"doc_module":22,"doc_module_name":25,"category_name":90,"show_sort_weight":91,"slug":92},12,"Resumes",80,"resumes",{"id":94,"doc_module":22,"doc_module_name":25,"category_name":95,"show_sort_weight":96,"slug":97},14,"Invoices",70,"invoices",{"id":99,"doc_module":22,"doc_module_name":25,"category_name":100,"show_sort_weight":101,"slug":102},15,"Posters",60,"posters",{"id":104,"doc_module":22,"doc_module_name":25,"category_name":105,"show_sort_weight":106,"slug":107},16,"Social Media",50,"social-media",{"id":109,"doc_module":22,"doc_module_name":25,"category_name":110,"show_sort_weight":111,"slug":112},17,"Forms",40,"forms",{"id":114,"doc_module":22,"doc_module_name":25,"category_name":29,"show_sort_weight":115,"slug":116},18,30,"letters",{"id":118,"doc_module":22,"doc_module_name":25,"category_name":119,"show_sort_weight":120,"slug":121},21,"Paper Templates",5,"papers-templates",{"id":123,"doc_module":22,"doc_module_name":25,"category_name":124,"show_sort_weight":4,"slug":125},158,"General","general-158",{"code":4,"msg":81,"data":127},{"doc_id":78,"user_id":128,"nickname":42,"user_avatar":129,"doc_module":22,"category_id":114,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":33,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":33,"language":135,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":136,"faqs":137,"seo_title":138,"seo_description":12,"update_tm":79,"read_time":26},3848291630094,"https://eur-avatar.wpscdn.com/davatar_085a072bc5b1113ac321206ff7593b45","Lending Bylaw\nNote public notice requirements in section 128 of the Act\nDisclaimer:\nThis draft bylaw has been prepared by staff in the Advisory Services and Municipal Relations Branch of the Ministry of Government Relations, not legal experts.  It is intended for guidance/illustrative purposes only and may be reworded to suit local conditions and requirements.  It is always advisable to obtain the advice of a solicitor in drafting bylaws.\n(MUNICIPALITY STATUS) OF (NAME / #)\nBYLAW NO ______\nA BYLAW TO LEND MONEY TO [NAME OF ORGANIZATION]\nThe Council of the _________ of _________ in the Province of Saskatchewan enacts as follows:\nThis bylaw shall be referred to as the [short name – delete if not required].\nIn this bylaw:\n“Administrator” shall mean the administrator of the municipality;\n“Borrower” shall mean\n“Council” shall mean the council of the municipality;\n“Municipality” shall mean the [full name of municipality];\nThe council of the [full name of municipality] hereby authorizes a loan in the amount of ___ Dollars [$__]  in Canadian currency to ___ , a\nnon-profit organization as described in clause 152(1)(f) of The Municipalities Act,\ncontrolled corporation established by the municipality,\nbusiness improvement district established by the municipality,\nsaid funds to be used for ___ .\nThe loan shall be for a term of ___ years, bearing interest at a rate of ___ percent per year with ___ payments of ___ Dollars [$__].\nThe source of funds to be loaned by the municipality shall be ___\nThe funds shall not be disbursed until the borrower’s authorized officers have provided the municipality with a promissory note, which is appended hereto and forms part of this bylaw.\nThe municipality shall disburse the funds ___\nThe municipality acknowledges that this loan affects the municipality’s debt limit.\nIn the event of default by the borrower, the municipality may ___\nRead a third time and adopted\nthis ____ day of ___________\n_________________________\nAdministrator\nPromissory Note\nOn this date of [DATE], in return for valuable consideration received, the undersigned borrower[s] jointly and severally promise to pay to [LENDER'S NAME], the \"Lender\", the sum of $[DOLLARS] Dollars, together with interest thereon at the rate of [RATE] percent ([RATE]%) per annum.\n[Select from the following provisions, as desired]\nTerms of Repayment:\nStarting on [DATE] and continuing until the principal balance of this Note and any accrued interest have been repaid in full, on the [DATE] day of each month the borrowers shall pay the amount of $[AMOUNT]. All payments shall be first applied to interest and the balance to principal.\nLate Fees: [2 options provided, may be used only if council wants to assess late fees]\nIn the event that a payment due under this Note is not made within ten (10) days of the time set forth herein, the Borrower shall pay an additional late fee in the amount of $[AMOUNT].\nIn the event that a payment due under this Note is not made within ten (10) days of the time set forth herein, the Borrower shall pay an additional late fee in the amount of [PERCENT] percent of said payment.\nPlace of Payment:\nAll payments due under this note shall be made at [DESIGNATED LOCATION], or at such other place as the holder of this Note may designate in writing.\nPrepayment:\nThis Note may be prepaid in whole or in part at any time without premium or penalty. All prepayments shall first be applied to interest, and then to principal payments in the order of their maturity.\nDefault:\nIn the event of default, the borrower[s] agree to pay all costs and expenses incurred by the Lender, including all reasonable attorney fees (including both hourly and contingent attorney fees as permitted by law) for the collection of this Note upon default, and including reasonable collection charges (including, where consistent with industry practices, a collection charge set as a percentage of the outstanding balance of this Note) should collection be referred to a collection agency.\n","cbCaii7nFqPywSOm","https://ap.wps.com/l/cbCaii7nFqPywSOm","docx",32108,"English","# Loan Authorization and Definitions\n## Promissory Note Provisions","[{\"question\":\"What does the lending bylaw authorize the municipality to do?\",\"answer\":\"It authorizes a municipal loan to a specified borrower for a defined amount in Canadian currency, for an identified purpose, with specified term and interest terms.\"},{\"question\":\"When can the municipality disburse the loan funds?\",\"answer\":\"Funds cannot be disbursed until the borrower’s authorized officers provide a promissory note appended to and forming part of the bylaw.\"},{\"question\":\"What happens if the borrower defaults under the promissory note?\",\"answer\":\"The borrower agrees to pay collection costs and reasonable attorney fees, and the note may be accelerated so the entire balance and accrued interest become immediately due to the holder.\"}]","Lending Bylaw - Loan Agreement Template | DOCX"]