A BY-LAW TO REPEAL BY-LAW NO. 953 OF THE FORMER CORPORATION OF THE TOWNSHIP OF WEST FERRIS AND BEING A BY-LAW TO PROVIDE THAT THE PROVISIONS OF BY-LAW NO. 2407 OF THE CORPORATION OF THE CITY OF NORTH BAY RELATING TO MUNICIPAL AND SCHOOL TAX CREDITS OR REFUNDS FOR THE ASSISTANCE OF ELDERLY PERSONS SHALL EXTEND TO AND BE APPLICABLE WITHIN THE TERRITORIAL LIMITS OF THE CITY OF NORTH BAY AS THEY NOW EXIST.